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Discover the people who lived there, the places they visited and the stories they shared.
Rhode Island Hospital Trust Co.
Location: 15 Westminster Street, Providence,
Built: 1917
Architect: York & Sawyer
Incorporated on October 24, 1867, Rhode Island Hospital Trust was the first trust company in New England. It owes its unique name to the fact that it was chartered by the board of trustees of Rhode Island Hospital. The new hospital had been founded four years earlier and the trust company was intended to help finance it. Hospital Trust’s original charter required the bank to pay one third of its annual net profit above 6 percent to Rhode Island Hospital. This provision was to remain in effect until another institution stepped forward to assume a benefactor’s role. While that never came to pass, the philanthropic provision was cancelled in 1880 by mutual agreement of the bank and the state’s General Assembly. In exchange, the hospital received 100 shares of the bank’s stock.
Hospital Trust was organized by William Binney, who served as the company’s first president until 1881. Amos D. Smith, brother of former Governor James Y. Smith, was elected chairman. It was initially located in a building on South Main Street and later moved to two different locations on Westminster. ricurrency.com
The Rhode Island Hospital Trust is a banking institution founded in 1867 to manage the financial affairs of Rhode Island Hospital, founded in 1863. Over time it grew to become a significant local commercial bank, and was acquired by Bank of Boston in 1985. wikipedia
Postcard
Posted in the Past: Revealing the true stories written on a postcard
Discover the people who lived there, the places they visited and the stories they shared.
Rhode Island Hospital Trust Co.
Location: 15 Westminster Street, Providence,
Built: 1917
Architect: York & Sawyer
Incorporated on October 24, 1867, Rhode Island Hospital Trust was the first trust company in New England. It owes its unique name to the fact that it was chartered by the board of trustees of Rhode Island Hospital. The new hospital had been founded four years earlier and the trust company was intended to help finance it. Hospital Trust’s original charter required the bank to pay one third of its annual net profit above 6 percent to Rhode Island Hospital. This provision was to remain in effect until another institution stepped forward to assume a benefactor’s role. While that never came to pass, the philanthropic provision was cancelled in 1880 by mutual agreement of the bank and the state’s General Assembly. In exchange, the hospital received 100 shares of the bank’s stock.
Hospital Trust was organized by William Binney, who served as the company’s first president until 1881. Amos D. Smith, brother of former Governor James Y. Smith, was elected chairman. It was initially located in a building on South Main Street and later moved to two different locations on Westminster. ricurrency.com
The Rhode Island Hospital Trust is a banking institution founded in 1867 to manage the financial affairs of Rhode Island Hospital, founded in 1863. Over time it grew to become a significant local commercial bank, and was acquired by Bank of Boston in 1985. wikipedia
Postcard
Posted in the Past: Revealing the true stories written on a postcard
More from Providence, Rhode Island, USA
Providence, Rhode Island, USA
Brown University, 1898
Historic Towns of New England. (1898). United Kingdom: G. P. Putnam's sons.
Brown was founded in 1764 — the third college in New England and the seventh in Colonial America. Brown was the first Ivy League school to accept students from all religious affiliations...
Originally located in Warren, Rhode Island, and called the College of Rhode Island, Brown moved to its current spot on College Hill overlooking Providence in 1770 and was renamed in 1804 in recognition of a $5,000 gift from Nicholas Brown, a prominent Providence businessman and alumnus, Class of 1786.
Women were first admitted to Brown in 1891...
250.brown.edu
Providence, Rhode Island, USA
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Providence, Rhode Island, USA
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View of Providence, from the South, 1898
Historic Towns of New England. (1898). United Kingdom: G. P. Putnam's sons.
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The Capitol, 1898
Historic Towns of New England. (1898). United Kingdom: G. P. Putnam's sons.