CLASS OF 1901
" 'Jim' McCarten Again Honored," so reads the headline in the Newport, Vt., home paper, and here follows the article:
"The National Bank of Newport has been notified that the board of directors of the Reconstruction Finance Corporation, headed by former Vice-President and Ambassador Charles G. Dawes, has appointed James E. McCarten a member of the advisory com- mittee of the Boston Loan Agency.
"Readers will recall that last summer, when the National Credit Corporation was formed, Mr. McCarten was named as a member of its executive committee, and this new appointment comes as an additional honor.
"The people of Orleans County should accept this news as a repeated indication of the confidence which banking officials have in Vermont banks and particularly those of our our county.
"The Vermont advisory committee is made up of five men, who will advise with the loan agents on applications from would-be borrowers.
"Mr. McCarten came to Newport from Wells River in 1913, and during his nineteen years' association with the Newport National Bank, the resources have jumped from $500,000 to three million dollars. Mr. McCarten has been honored at the hands of the voters of his home city and in banking circles. He was elected to the board of aldermen in 1922, serving the city in that capacity four years. In 1926 he was made mayor of the city to complete the unexpired term of the late T. C. Camp, and reelected to that office four years in succession.
"During his five years as mayor, the city's finances were placed on a much improved basis, the city's main streets changed from mud to pavement and $125,000 in bridge construction carried out at a cost to the city of about $25,000. Under his guiding hand, problems which lurked like mountains were made light, and under the present plan of payment the bonded indebtedness is being substantially reduced annually.
"Mr. McCarten is a past president of the Vermont State Bankers' Association, having been honored with the highest office of his associates, and he served a three-year term as a member of the executive committee of the American Bankers' Association."
Joe Colby is president of the $100,000 plant of the Liquid Carbonic West Indies, Ltd., at Trinidad, and has been in Trinidad superintending the final testing of the factory and making arrangements for its opening. The plant will operate to supply the requirements of the Leeward and Windward Islands, Barbadoes, and British Guiana. The daily output exceeds the entire West Indian demand and arrangements are being made to extend the range of territory, and to meet the requirements of other South American countries.
At the New York alumni dinner held latein January, Jim Kimball brought the greetings of the Boston alumni to the New Yorkers.. Jim was called upon to do this rather unexpectedly, but acquitted himself with honor,, as usual. The 1901ers included Bunker Bishop, Joe Raphael, Jack Dowd, Ted Morehouse, Harry Gilmore, Swampy Marsh,, Hastings Lyon, Carl Owen, and Frank Cudworth. Ben Greer was at the head table of honor. After the dinner we understand that the cribbage championship of the class wasdecided, and Jim Kimball took the honor back to Boston, beating Bunker four out of five games. At least Bunker said it was the championship game, but we have an idea that Joe Raphael or Tommie Remsen will not agree to that.
The class will be shocked and saddened to learn of the death of two classmates the past week, both by taking their own lives; Ben Greer in New Canaan, Conn., at his home,, and Lee Curtiss in his garage at Shaker Heights, Cleveland, Ohio. Further obituaries, will appear in the next issue of this magazine.
Secretary,37 Berkeley St., Nashua, N. H.
