May 5, 1916. 
Contrary to reports in the large city papers, that the 
Siamese Legation owns its own summer place here, the 
minister, Prabha Karavongse and family and the attachés 
will be comfortably located, however, at Bass Rocks, 1a 
the large Harding cottage on Page street, near the golf 
links, and E. H. Loftus, the English secretary of the em- 
bassy will be located with his family on Bass avenue, 
near the bathing beach. The legation of Siam has been 
coming to East Gloucester for at least ten years. The 
first two or three seasons were spent at the Hawthorne 
Inn, then several summers were spent at Eastern Point, 
and in desirable houses at Bass Rocks. This section o: 
the North Shore suits the party exactly and it would 
loathe to make a necessary change. The legation had its 
own living quarters, occupying a fine large house in Wash- 
ington, D. C., during the winter. The legation is expected 
here the latter part of May or the first of June. 
NORTH SHORE BREEZE and Reminder ; , 13 
The Heistels of Little Rock, Ark., are expected soon 
to spend the season on Haskell street, near Beach road, 
Bass Rocks. 
Put a coward to his mettle and he will fight the devil. 
ANNISQUAM.—Mrs. Alpheus Hyatt, mother of Anna 
Vaughn Hyatt, the sculptor, Miss A. E. Hyatt an- 
other daughter and the children of Mrs. Harriet Mayer, 
are at Annisquam for the season, from New York city. 
Mr. and Mrs. Walter O. Adams of Winchester are 
at their cottage on Adams Heights, Annisquam, for the 
summer. 
Melbourne Hardwick, the: Boston artist and his wite 
are occupying their studio-cottage, “The Poplars,’ River 
road, Annisquam. 
Manchester Trust Company 
Passed Fifth Anniversary This Week After Period of Remarkable Growth 
THe Manchester Trust Co. observed 
its. fifth birthday on Monday of 
this week. Its five years of existence 
have been busy ones and have passed 
quickly for those connected with the 
institution because of the rapid 
growth. Starting on May 1, 1911, 
with a capital stock of $100,000, a 
surplus of $25,000 and deposits of 
$50,000 the institution has grown in 
five years to be one of the stronger 
of the smaller insititutions of the 
state. Today the deposits approxi- 
mate $700,000; the surplus, $38,005 
and the assests are $900,000. ‘This 
steady and strong growth has been 
one of the most remarkable in the 
state and for a town of 3000 popula- 
tion the institution is probably in a 
class by itself. 
The highest point reached was last 
fall when the deposits were close to 
$900,000 and the assests were over 
$1,000,000. The deposits are the 
barometer of a bank. By their rise 
and fall can usually be told the suc- 
cess of a banking institution. In the 
case of the Manchester Trust Co., the 
deposits mount higher during the 
summer, which is natural in a town 
of this sort. At that season business 
is at its best and also the number of 
depositors is greatly increased by the 
advent of the summer residents. The 
high tide of the year is usually reach- 
ed in November. From the indica- 
tions at the present time it would ap- 
pear that another record will be 
broken this summer. 
Since July, 1912, the bank has paid 
dividends to its stockholders at the 
annual rate of 4 percent. On Jan. i, 
1916, the dividend was increased to 
[ae 
At the time the Manchester Trust 
Co, was started banking was done 
largely in Salem and Beverly by Man- 
chester people. A great deal of in- 
convenience was experienced by mer- 
chants because of lack of cash. ‘That 
a need has been filled by the estab- 
lishment of the Manchester Trust Co. 
is evidenced by steady growth in efh- 
ciency, size and a constantly widen- 
ing circle of patrons. 
A little over a year ago new vaults 
were installed in the banking quar- 
ters. The vaults were of the most 
modern type and are classed by in- 
surance companies with those in the 
larger Boston banks. They are abso- 
lutely fire and burglar proof.  Lo- 
cated within the main vaults are the 
private safe deposit boxes for the use 
of the bank’s customers. These rent 
for $5 a year and the service they 
render is incalculable. An interest- 
ing feature oi the boxes is the fact 
they cannot be opened except by two 
keys, one the property of the Treas- 
urer, and the other of the owner of 
the box. A storage vault is located 
beneath the main vault and is made 
use of by summer residents for the 
storing of silver, etc. Throughout 
the banking office the equipment is 
of the most modern and adapted to 
the handling pwith great speed and ac- 
curacy a large volume of busines:. 
An idea of the volume of business 
handled during the summer is gained 
from the information that 300 cus- 
tomers are served daily. In the 
course of a year there is about one 
and a half million dollars in currency 
put into circulation in Manchester. 
which is handled through the Man- 
chester Trust Co. In April of this 
year $10,000 interest was paid <o. 
depositors in Manchester, represent- 
ing an increase of $20,000 annually 
in the resources of the depositors, 
A marine panel is to be mounted 
over the door leading to the directors 
room, depicting the entrance into 
Manchester harbor in 1630 of Gov- 
ernor Winthrop’s vessel, the Arbella. 
The officers of this prosperous, 
growing institution are Oliver T. 
Roberts, president; Roger W. Bab- 
son and William Hoare, vice presi- 
dents; Harry W. Purington, secre- 
tary and treasurer. The directors 
are Roger W. Babson, Dr. G. W. 
Blaisdell, Michael J. Callahan, Ern- 
est S. Curtis, Everett L. Edmands, 
Maynard B. Gilman, William Hoare, 
George L. Knight, Edward A. Lane, 
F. J. Merrill, Oliver T. Roberts and 
George F. Willett. 
Speaking of the steady growth of 
the bank since its inception Mr, Pur- 
ington said, “The Manchester Trust 
Co. was started primarily for Man- 
chester. We are satisfied that it is 
fulfilling its mission successfully and 
regard its growth as evidence of that 
fact.” 
Owners of automobiles who have 
not kept in close touch with motor 
regulations, new statutes, etc., should 
realize that if they are riding and 
their chauffeur should overspeed the 
car, they may be charged with over- 
speeding or operating unlawfully as 
well as the driver himself. This lia- 
bility exists because it is presumed, on 
account of his being in the machine 
and having a general control thereof 
as registered owner that he knew and 
allowed his vehicle to be illegally run. 
Although the authorities usually con- 
fine their complaint to the chauffeur, 
the owner or person in charge of the 
machine should.keep in mind his re- 
sponsibility, otherwise an unpleasant 
surprise may await him, 
