300 HISTORY OF PASADENA. 



Metcalfe. All the stock is subscribed, some of the principal stockholders 

 being the directors above named, and Rev. Dr. Eli Fay, Dr. G. R. Thomas, 

 Dr. R. J. Mohr, J. S. Torrance, John Allin, Thos. Earley, T. J. Martin, 

 Dr. N. A. Dalrymple, H. M. Eutz, H. M. Singer, Gardner & Webster, 

 F. D. Stevens, J. R. Greer, E. C. Griffith, J. C. Maguire, Conrad & Hotal- 

 ing, Dr. E. E. Gaylord, Rev. Dr. E. E. Conger." 



This bank opened its doors for business in the Masonic Temple, Ray- 

 mond Avenue front, March 6, 1895, with H. M. Gabriel, president; Robert 

 Eason, vice-president ; Chas. A. Smith, cashier. 



BUILDING AND LOANS. 



Pasadena Building and Loan Association. — Organized on Tues- 

 day evening, June 8, 1886, at a meeting in the Valley Union printing office. 

 The capital stock was fixed at $250,000, in shares of $200 each, payable in 

 monthly installments of $1 each. Articles of incorporation were adopted 

 and signed, with the following board of directors : E. C. Webster, J. W. 

 Wood, Edson Turner, B. S. Eaton, P. M. Green, B. F. Ball, Thos. Ban- 

 bury. Mr. Green was appointed treasurer; R. W. Abbott, secretary ; N. P. 

 Conrey, attorney ; and $20,000 was subscribed on the spot. July 5 was set 

 for the next regular business meeting. The Unioji of June 18 printed a list 

 of fifty-six persons who had subscribed for a total of 525 shares of stock in 

 this Association. The same paper of July 16 contained an official notice by 

 the secretary that the said business meeting would be held July 17, the first 

 appointment having failed. Then the paper of July 23 contained notice 

 that the meeting had been deferred till July 24. And this was the last 

 living whisper that I could catch of this particular " Building Association." 

 It was swamped in the surf-tide of the rising " boom." 



Mutual Building and Loan Association. — This body was incor- 

 porated July 20, 1892, with the following board of directors-. 



DIRECTORS. NO. SHARES. AM'T. DIRECTORS. NO. SHARES. AM'T. 



T. P. Lukens 35 | 3,500 00 W. R. Staats 70 7,000 00 



J. D. Lincoln 10 1,000 00 B. W. Hahn 10 ],ooo 00 



F. H. Vallette 100 10,000 00 A. L. Hamilton 30 3,000 00 



C. W. Mann 5 500 00 ^o $267oooto 



The capital stock is fixed at $2,000,000, in 20,000 shares of $100 each. 

 A report made June 30, 1893, showed loans on real estate, $4,100; loans on 

 mortgages, $4,900. Receipts from monthly dues, $3,970.75. T. P. Lukens, 

 president, and Benj. W. Hahn, secretary. 



The annual report of June 30, 1894, gave the following figures : Total 

 of loans on real estate, $10,400 ; dues paid by members, $4,967.50. Num- 

 ber of members, 62. Number borrowing, 12. Number shares in force, 

 878. A semi-annual report, January 2, 1895, gave . Dues paid in, to date, 

 $10,080. Undivided profits, July i, 1884, $811.75. Money on hand sub- 

 ject to call of borrowers, $1,890. C. E. Getchell is now the secretary — 

 July, 1895. 



