1889

Clarence Moulton, though partially retired from business responsibilities, has recently been largely instrumental in bringing to a most successful conclusion an extremely difficult financial problem entrusted for settlement to a committee of three, of which Moulton was chairman, to liquidate "poor assets" of the old Montpelier National Bank. This thankless undertaking, which was without compensation, returned to the depositors the full amount of their deposits, and interest in full at the regular bank rate for the entire period from Jan. 2, 1934, the date the bank went into liquidation, to date of payment of final installment of principal, thereby placing depositors in the position they would have been had the bank not encountered financial difficulties. The directors of the new Montpelier National Bank, who reorganized with the "good assets," watched with surprise and keenest appreciation this rare accomplishment.

Frank Reynolds spent a month this fall at his old home in Claremont, N. H. He 7 thoroughly enjoyed renewing associations with the beautiful old homestead where he was living at time he entered college.

We share with class of '91 the bereavement caused by the death of John Abbott, outstanding member of that class. He had close affiliations with us. His brother Benn, in junior year, was the second of our class to die. Ed Dillon, our first loss, met death in the Hartford, Vt., railroad accident, which took large toll of life on account of fire, and resulted in enactment of legislation throughout the country forbidding use of stoves for heating passenger cars.

Your secretary, entrusted with duties of class treasurer, is appreciative of the splendid response so promptly made in the payment of class dues.

Mr. and Mrs. Harry Frost spent the summer, as usual, at their summer home on Crystal Lake in Gilmanton Iron Works, N. H. Their daughter Doris (Mrs. Walter S. Gay) of Oak Park, Ill., and her young daughter Janice, spent the summer with them. Harry accompanied his daughter and granddaughter on their return to Illinois, where he enjoyed a visit of ten days. The Frosts are now at their home in Swampscott, Mass.

The New York Sun, Sept. 2 last, printed an article written by Prof. Edwin B. Davis of Rutgers University, in which "E. B." interestingly commented upon a statement of Harold L. Ickes that this country is worth twelve trillion dollars, and that the share of every citizen of the United States, including children, amounts to $88,888.00 each.

Secretary, 108 Mt. Vernon St., Boston, Mass.