The
Greenville Building and Loan Association was incorporated October 18,
1878, with a capital stock of $400,000, and with a purpose, as
expressed in the charter, “for the accumulation of a fund by the saving
of its members, to assist them individually to purchase real estate,
erect houses, satisfy mortgages, or invest in such other manner as
shall be most advantageous." The members of the new association were C. B. Beatty, D. C. Moyer, E. F. Bennett,
Thomas C. Gibson, W. P. Leech, J. J. Hutcheson, F. Herrick, William
Achre, David Hum, A. Burnett, L. L. Keck, William Waugh, H. K. Reiss,
W. L. Fleming, W. A. Vaughn and William
Paden. The first officers of the association were: J. J. Hutcheson, president; T. C. Gibson, vice-president, B. Beatty, treasurer; W. L. Fleming, secretary;
directors: A. Burnett, William
Achre, William Paden, D. C. Moyer, L. L. Keck, William Waugh, W. A.
Vaughn, F. Herrick and David
Hum. Mr. Hum became secretary in 1874, and filled that
office until the association wound up its business in July, 1882.
The
Board of Trade was incorporated May 31, 1887, with a purpose, as
expressed in the charter, of “assisting in building up the business of
the borough of Greenville in all legitimate ways, by leasing lands,
drilling for gas, oil and other minerals, assisting those who may
desire to locate, in said borough, inviting manufacturers to locate
their works in or near it,” and, in general, watching over the city’s
commercial interests. The capital stock of the board was $4,050,
divided into 162 shares of the par value of $25 each. The managers
elected for the first year were: A.
F. Henlein, president, R
S. Johnston, secretary and treasurer; G. G. Stage, William Paden, T. C. Gibson,
James F. Mathers and E. P. Gillespie.
History
of Mercer County,
1888, page 442
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