X. - SOCIETIES AND CORPORATIONS

THE HUGUENOT BANK

at New Paltz was organized Feb. 10, 1853, with a capital of $125,000. The first board of directors consisted of Edmund Eltinge, Abraham P. Lefever, Methusalem Elting, John Howell, Garret Lefever, Jacob G. DuBois, Roelof Elting, Alfred Deyo, Oscar Hasbrouck, Timothy Seymour, Capt. Abraham Eltinge, Moses P. Lefever, Abram V.N. Elting. Edmund Elting was the first president of the bank. The first cashier was A.G. Ruggles, who was succeeded by Nathan Lefever.

The bank passed into the hands of a receiver for a brief period during the financial crash of 1857, but was again restored to the stockholders. On the recognition of the board, Roelof Elting was elected president, Nathan Lefever cashier, and Edmund Eltings assistant cashier. The latter subsequently became cashier, and Nathan Lefever passed to the Ellenville bank, becoming its first cashier. On Jan. 1, 1875, a new board of directors was chosen, and an entire reorganization took place. Jacob Lefever, the present president was chosen to that office at that time, and Methusalem DuBois became cashier. At the death of the latter, in 1877, Dr. Charles W. Deyo, the present cashier was elected. The change from a State to a national bank was made on April 10, 1865, with the original capital of $125,000. This was reduced in 1875 to $100,000.

The present board of directors (1880) are Jacob Lefever, Abram D. Deyo, Jacob M. Hasbrouck, Zachariah Bruyn, Jonathan Deyo, F.S. Mckinstry, Josiah P. Lefever, Elijah Woolsey, Huram Hasbrouck, George Rymph, Jonathan D. Deyo, Philip D. Elting, Jr., and Joseph L. Hasbrouck.

THE NEW PALTZ SAVINGS BANK

was organized in May, 1871, in accordance with an act incorporating it passed in March of that year. The original trustees of the institutuion were Thaddeus Hait, Daniel L. Heaton, Zachariah Bruyn, Jacob Lefever, Josiah J. Hasbrouck, Edmund Bruyn, Derrick W. DuBois, Elijah Woolsey, Oscar Hasbrouck, Peter Lefever, Solomon Deyo, Calvin T. Hazen, Huram Hasbrouck, Jesse Lyons, Floyd S. McKinstry, Abner Hasbrouck, Charles W. Deyo, John B. Deyo, Edmund Eltinge, and Jonathan Deyo. The first officers of the bank were Thaddeus Hait, President, Jacob Lefever, First Vice-President; Zachariah Bruyn, Second Vice-President; Jacob M. Hasbrouck, Secretary and Treasurer; Oliver P. Carpenter, Attorney. With the exception of Daniel L. Heaton, Peter Lefever, Calvin T. Hazen, Jesse Lyons, Nathan Williams, Abner Hasbrouck (deceased), and Edmund Eltinge, the board of trustees in 1880 is the same as the above enumerated. To these must be added Hiram Minard, Philip D. Wilklow, John F. Clark, and D.D. DuBois. The officers of the bank remain the same as at the time of organization, with the exception of the attorney, Reuben Bernard, Esq., of Kingston filling the latter position.

The last published report of the bank, bearing date Jan. 1, 1880, shows the following items: Total deposits, $290,336.34; surplus $14,710.82; assets, $305,047,16.