The Granite Monthly Volume 40; A Magazine of Literature, History and State Progress (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...its section of New Hampshire, it follows almost as a matter of course that it is also the financial center, and as respects its banking facilities, the town easily ranks with the larger places in the state. From the early history of the town, its banking interests have received the intelligent direction of its leading men. As long ago as 1848, local business interests united and the organization of the Claremont Bank, under state laws, was the result and this institution, waxing stronger year by year, was nationalized in 1864 and today continues its uninterrupted career as the Claremont Xational Bank. Its building in Tremont Square is one of the many justly appreciated architectural sights of Claremont, while the institution itself is one of the great bulwarks of safety and confidence, not alone in the business life of the town, but throughout the territory of which Claremont is the center. With its dual commercial and interest departments, the Claremont National Bank has a capital of $100.000 and surplus and undivided ful institution, and especially valuable to the town in which it is located, through its power to make and carry loans on real estate." Worcester, Mass., and Claremont bear to each other a strong similarity in characteristics and lines of development. Both are compactly built, necessarily so, as in each the industrial interests are the dominant factor, and hence that trait of compactness must of necessity continue. Claremont can readily comply with this demand, as its topography is such that it can spread out toward each point of the compass for long distances and meet no prohibitive natural obstacle. But it is to the west, toward the Connecticut River, that Claremont is growing today with its greatest rapidity, as is shown by the develo...