Hon. Albert F. Gladding, Norwich Bank President, 1879

Hon. Albert F. Gladding

Elected President of the Chenango National Bank of Norwich

Utica Saturday Globe, July 14, 1906

 

 

Hon. Albert F. Gladding

 

Norwich [Chenango Co., NY]:  At the semi-yearly meeting of the directors of the Chenango National Bank, held in their banking house on Tuesday morning, Hon. Albert F. Gladding was elected president in place of Andrew J. Beebe, deceased.  Homer H. Higley was chosen vice president in place of Judge Gladding, and William Mason was elected cashier to succeed Mr. Higley, Otis A. Thompson was made teller.  Wordsworth B. Matterson was chosen a director to fill the vacancy caused by the death of Mr. Beebe.  Resolutions of respect to the deceased president were adopted, deeply deploring the loss sustained by the bank and the community in which he had been for 40 years a prominent figure.

 

The death of Mr. Beebe leaves Judge Gladding the only surviving director of the original seven selected when the Chenango National Bank was organized in 1883.  He is the owner of the block in which the bank began and still continues to do business.  The building was specially erected in 1883 on the site of the old Bank of Chenango which several years previously voluntarily closed its doors. Though the youngest, with one exception, of the banking houses in the county, the Chenango National Bank has made a remarkable record.  The past year has been one of the most prosperous in its history.  At the directors' meeting on Tuesday a dividend of six per cent, was voted out of the earnings of the last six months, and $25,000 was added to the surplus fund, making a total of $150.000 with a capital stock of $100,000.