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...............

10,1854

542,641

Fishkill;.............

Feb.

25,1857

21,497

3,528,851

21,705

3,678,180

Greenwich Savings Bank......................................................

New York...........

April

24,1833

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

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

Monroe County Savings Institution.........................'..............

Bochester...........

April

8, 1850

259,341

23,637

Troy..................

April

April

April

15,1857

23,637

13, 1852

91,188

1,569

92,993

Niagara County Savings Bank..............................................

Lockport............

10,1851

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.................

30, 1851
17,1854

Bose Hill Savings Bank........................................................

New York...........

April

. 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

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

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............

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.


1

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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