Gazetteer of New York, 1860 & 1861, page 100

Gazetteer of New York, 1860 & 1861 page 100
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100 NEW YORK STATE GAZETTEER.

as may be approved by law. They can be organized by special act of the Legislature, and their
charters are perpetual. The total number of savings institutions incorp. prior to 1859 was 75, of
which 57 reported their statistics in 1858. They are placed under the care of the Superintendent
of the Banking Department, who has general powers for the protection of the interests of deposi¬
tors, and is required to report their condition annually to the Legislature. Most of these institu¬
tions bear names closely resembling those of banks of discount and circulation, and are kept in
the same building and have the same persons as officers of both.¹

Class IY includes those whose certificates are filed in the County Clerks’ offices. Most of th
corporations already described are required to file their articles in the clerk’s office of their respect¬
ive counties, in addition to depositing them in the departments of the State Government.

“ An Act to provide for the Incorporation of Religious Societies’⁵ was passed April 6,
1784.²
“ An Act authorizing the Incorporation of Rural Cemetery Associations” was passed
April 27, 1847.
“An Act to provide for the Incorporation of Tillages” was passed Dec. 7, 1847.³

Savings Banks, continued.

Name.	Location.	Date of incorporation.		Amount due depositors.	Resources.
		April April	17,1858	$ 5,490	$ 4,218 549,722 .
Erie County Savings Bank...................................................	Buffalo...............	April April	10,1854	542,641	$ 4,218 549,722 .
	Fishkill;.............	Feb.	25,1857	21,497 3,528,851	21,705 3,678,180
Greenwich Savings Bank......................................................	New York...........	April	24,1833	21,497 3,528,851	21,705 3,678,180
Hudson City Savings Institution..........................................	Hudson..............	April	4,1850	44,010	45,206
institution for the Savings of Merchants’ Clerks.....................	New York...........	April	12,1848	1,509,889 719,498	1,529,810
Irving Savings Institution...................................................	New York...........	July	1, 1851	1,509,889 719,498	736,323
Manhattan Savings Institution....,........................................	New York...........	April	10, 1850	1,782,067	1,839,785
Manufacturers’ Savings Bank of Troy.................................... Mariners’ Savings Institution...............................................	Troy..................	April	15,1857	51,988	51,988
	New York...........	April	16, 1852	419,689	430,141
Mechanics & Farmers’ Savings Bank of Albany......................	Albany..............	April	12,1S55	179,049	179,049 372,417
Mechanics & Traders’ Savings Institution...............................	New York...........	April	16,1852	361,612 256,679	179,049 372,417
Monroe County Savings Institution.........................'..............	Bochester...........	April	8, 1850	361,612 256,679	259,341 23,637
	Troy..................	April April April	15,1857	23,637	259,341 23,637
			13, 1852	91,188 1,569	92,993
Niagara County Savings Bank..............................................	Lockport............		10,1851	91,188 1,569	1,636
Onondaga County Savings Bank............................................	Syracuse.............	April	10,1895	129,601	130,262
Poughkeepsie Savings Bank.................................................	Poughkeepsie......	April	16,1836	247,505	263,619 1,476,425 36,289
		April June	21,1831	1,371,911 33,621
Borne Savings Bank............................................................	Borne.................	April June	30, 1851 17,1854	1,371,911 33,621
Bose Hill Savings Bank........................................................	New York...........	April	30, 1851 17,1854	. 71,854	72,285
Savings Bank of Utica.........................................................	Utica..................	April	26,1839	334,262	368,499 227,559
Schenectady Savings Bank...................................................	Schenectady.......	April	29,1834	211,886	368,499 227,559
Seamen’s Bank for Savings....................................................	New York...........	Jan.	31,1829	7,349.474	7,825,443
Sing Sing Savings Bank........................................................	Sing Sing...........	March	9,1854	35,410	35,711
Sixpenny Savings Bank of Albany...................................,....	Albany..............	April	17, 1854	10.601	10,601
Sixpenny Savings Bank of the City of New Yoi-k....................	New York...........	June	4,1853	112,361	113,548
South Brooklyn Savings Institute.........................................	Brooklyn............	April	10,1850	522.350	538,664
Soutllold Savings Bank.........................................................	Southold............	April	7, 1858	6,970 47,479	7,001
State Savings Bank of Troy..................................................	Troy..................	April	18, 1856	6,970 47,479	47,479
Syracuse Savings Bank.........................................................	Syracuse............	March	30, 1849	237,580	238,619 671,716 63.622
		April April	23,1823	634,904 62,435 15,187
Ulster County Savings Institution.........................................	Kingston............	April April	18,1851
Union Savings Bank of Albany.............................................	Albany...............	April	13,1854		15,187
Westchester County Savings Bank........................................	Tarrytown..........	July	21,1853	103,734	108,729
Western Savings Bank.........................................................	Buffalo...............	July	9,1851	77,048	77,048
Wiiliamsburgh Savings Bank................................................	Brooklyn............	April	9,1851	1,086.882	1,119,001
Yonkers Savings Bank.........................................................	Yonkers..............	April	3,1854	47,405	48,069

Superintendent of the Banking Department. Sixteen savings
banks have been incorp. that never organized. Only two of
the whole number chartered have ever failed. The “ Knicker¬
bocker Savings Institution,” of N. Y., incorp. April 8, 1851,
failed and went into the hands of a receiver in 1854; and tho
“ Sixpenny Savings Bank of Bochester,” incorp. July 13,1854,
failed.

2 This act was amended, so far as it related to the Bef. Prot.

D. Societies, March 7, 1788. Other amendments were made in
1801,1813, and 1828. Eor statistics see p. 139.

³ Previous to this act, villages were incorp. by special acts of
the Legislature, and the articles were filed in the State Depart¬
ment: but since, the filing of articles has become a mere local
affair; and it is extremely difficult to obtain a complete list of
the incorporated villages of the State.

The first savings hank in England was formed in 1804, and
the first in New York in 1819, under the auspices of the “ So¬
ciety for Prevention of Pauperism.” A public meeting was
tailed and the plan discussed and approved Nov. 29, 1816. The
first deposits were made July 3,1819, and |2,807 were received
the first evening from 80 depositors, in sums of from $2 to $300.
Within 6 mo., $153,378.31 had been deposited, by 1,527 persons,
and but $6,606 had been withdrawn, tip to 1857, $47,530,067.61
had been intrusted to the care of this institution.—Common
Council Manual, 1858, p. 623.

The first savings bank in Albany was established in 1820;
in Troy, in 1823; in Brooklyn, in 1827; and in Buffalo, in 1836..
Most of these banks were originally required to report to the
Legislature; but their returns were seldom published. Under
the act of March 20, 1857, they are required to report to the

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