Joseph Dow's History of Hampton: A Financial Crisis
A Financial Crisis
Voted, "that Daniel Towle, town treasurer, be agent, to receive of the state treasurer this town's proportion of said public moneys; and then, he is to loan it in sums not exceeding five hundred dollars, nor less than one hundred dollars, to individuals, with satisfactory security; and all money remaining in his hands sixty days after the reception thereof, he may loan to some bank, for not less than five and one half per cent, or buy bank stock, as he may think proper."
After loaning to nine or more individuals, the remainder was invested in the Exeter bank, as indicated in Chapter XXV. The selectmen's accounts for that year are not now available; but the accounts presented at the annual town meeting in 1839, give the following figures:
|Amount of notes in the treasury,||$3395.00|
|Cash in Saving Bank at Exeter,||220.00|
|Stock in the Exeter Bank, estimated at,||1200.00|
|Cash on hand, being part of the principal,||16.01|
In 1837, there were two hundred forty-one ratable polls in this town.
THE TWO HUNDREDTH ANNIVERSARY of the settlement of Hampton was observed on Tuesday, the 25th of December, 1838, by a public gathering in the meeting-house, with commemorative services. Joseph Dow, then preceptor of the Academy, delivered an historical address, which was afterwards published; and the ministers of Hampton, North Hampton and Greenland took part in the exercises.