406 APPENDIX. or one thousand shares, with power at the discretion of the directors; of increasing the same to 1500,000. The pioneer directors of the institution were Herman D. Grould, Grordon H. Edgerton, Amasa J. Parker, Samuel Gor- don, Nelson K. Wheeler, Charles Hathaway, Dubios Burhans, Charles Marvine, John H. G-regory, Darius Maples, Jonas More, Martin Keeler, Jr., and Orrin Griffin. The power and rights of stockholders were vested exclusively in a bond of thirteen directors. Every director must be a stockholder in the bank to the amount of $1000, or ten shares, to render him eligible to the office. The election of officers occurs on the first Tuesday in October of each year, in the village of Delhi. The board of directors appoint one of their number president, also elect a cashier and such other officers as shall be deemed necessary from time to time. Herman D. Gould was elected the first president, and con- tinued to discharge its duties until his death, in 1849, when Charles Marvine, Esq., one of the original directors, was elected to fill the vacancy, and has since been continued in office. Giles M. Shaw, was elected first cashier, and was succeeded by Dubois Burhaus, Esq., who was obliged to resign on account of ill health. Walter H. Griswold, Esq. is the present cashier. The location of the bank is at Delhi, the county seat of Delaware county. The Metropolitan Bank in the city of New York, is the established agency where its bills are redeemed at a discount of three eighths per cent. DEPOSIT BANK. The Deposit Bank owes its origin to the enterprise of a private citizen, Charles Knapp, Esq. The inhabitants of the western portion of Delaware, and the adjoining sections of Broom Co., and Pennsylvania, had long felt the increasing ne-
