NORTH SHORE BREEZE 
finds the employers “unable to meet 
all of the demands made upon them. 
It will be a double service if such 
work could be planned and done 
now. Jt will help the employer, 
will give work to the employed and 
will doubtless mean a_ saving ta 
owners. Builders and contractors 
are figuring low for work. 
The standing and condition of the 
bank or the trust company in any 
community is indicative not alone 
of its own prosperity but that of the 
community in which it is_ placed. 
The prosperity of any financial in- 
stitution is dependent upon the 
prosperity of the industries of its 
locality. Poor business in the com- 
munity will be reflected by the re- 
ports of the banks and prosperity 
and suecess in business will be as 
clearly revealed. Both the National 
Bank of Beverly and the Trust 
Company in Manchester are doing 
well. The report of the established : 
and trustworthy Beverly Bank was 
eustomarily good. The report of 
the local Trust company is just 
short of phenominal. The depart- 
ment reports are all of them of 
great interest and reflects great 
eredit:to the President and Direc- 
tors for their sagacity and good 
judgment, and the banking ability 
of the departmental heads. The 
early establishment of interest pay- 
ments tells its own story. A. still 
more prosperous year ahead is pre- 
dicted. The success of any institu- 
tion of this nature depends to a 
large degree in the respect and con- 
fidence reposed in its directors and 
officers by the public. 
The full bench of the supreme 
court has returned a decision in fa- 
vor of the Newburyport YMCA 
which had received a legacy for 
$10,000. <A tax of $120 was laid 
thereupon by the city. The YMCA 
maintained that as their real estate 
was immune from taxation that the 
tax on the legacy was illegal. The 
financial interests involved in this 
particular case are almost negligi- 
ble but the principle of law at stake 
was of interest. The decision 
handed down establishes an impor- 
tant precedent which will prove of 
value to every YMC A in the State 
receiving legacies and will serve a 
precedent in the definition of other 
semi-charitable institutions which 
are beneficial to and derive their 
support from the public. The pub- 
lie is directly served by the YMCA 
and the community may well favor 
it in the matter of legacy taxes. 
The Newburyport YMCA is worth 
more to that city than $120. 
fe) 
Che OW Powder Howse 
Written for the Breeze 
Wood Cut made by Author 
Over a hundred years I’ve stood a 
On the old gray ledge near the edge of the wood, 
Defied the cold winters, the storms, and the rain, 
Watched the spring’s return and the summer’s wane; 
Have seen many goods ships sail away 
And their white wings fade in the open bay; 
But they sail no more to a foreign shore— 
They’re monarch of the seas no more ; 
For years, watched the old crow fly to the sea 
Then back to his nest in the old pine tree; 
And when spring awoke from her long winter’s sleep 
Seen the violets bloom and the woodbines creep ; 
Have passed through wars of which history tells, 
Many times heard the toll of the funeral bells; 
Have seen childhood and youth, manhood and age 
Act their part in life’s drama, then pass off the stage. 
Yet still here I stand with no kindred near, 
Winter and summer year after year, 
a 
Day after day looking out o’er the sea i's 
Wondering what my fate will be. 
—Geo. D. Haskell, fanuary 10, 1912 
[NOTE: The erection of the Powder House still standing on Powder House Hill, wag one of the first 
warlike measures adopted by Manchester in the War of 1812. It stands today as one of the monuments to 
Manchester’s activity in that war.—Eb1 ror] 
