1812, and reorganized as a National Bank July 17, 1865. The capital paid in was $1,000,000. Moses Taylor held the office of president for thirty-four years, and died in 1892, when Percy R. Pyne, son-in-law of Moses Taylor, was elected president and held office until the election of James Stillman, of Woodward & Stillman, cotton merchants, when the capital stock of the bank was increased to $10,000,000, and again increased to $25,000,000. The sworn report of the officers and directors filed with the Controller of the Currency shows that the condition of the bank, January, 1904, was:
| Resources | ||
|---|---|---|
| Loans and discounts | $114,507,919.20 | |
| Overdrafts secured and unsecured | 162.90 | |
| United States bonds to secure circulation | 3,220,000.00 | |
| United States bonds to secure United States deposits | 12,937,000.00 | |
| United States bonds on hand | 60,120.00 | |
| United States bond account | 4,450,000.00 | |
| Premiums on United States bonds | 1,354,013.00 | |
| Stocks, securities, etc. | 16,709,241.62 | |
| Banking-house furniture and fixtures | 200,000.00 | |
| Due from national banks (not reserve agents) | 4,727,461.12 |