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    Incredible Historical Archive from the Village Bank of Danvers, The First National Bank of Danvers, and Danvers National Bank

    Large Collection of Financial Documents and Memorabilia from the Village Bank of Danvers, MA.
    This fascinating lot includes a virtual history of the financial institution that was founded as the Village Bank of Danvers in 1836, chartered as the First National Bank of Danvers in 1864, and renamed and re-chartered as the Danvers National Bank in 1904. Included is a treasure trove of information, documents, and other materials relating to the founding, chartering, and operation of this bank for over a century.
    Although we cannot begin to list every piece of information in this lot, we will cover the highlights. Included are three large nineteenth century bound volumes, two of which record the meetings of the Board of Directors of the Village Bank of Danvers (1836-1864) and the First National Bank of Danvers (1864-1904). The third volume is a record of every annual shareholders meeting of the bank from 1836 to 1904. Many entries relate to the financial status of the bank, and records of the printing and destruction of currency abound. Handwritten copies of the original by-laws of the corporation are found, as are copies of the letters sent to the Treasury Department in 1864 to file for a National Bank Charter.
    Among numerous other documents in this lot (separate from the bound volumes) are the original November 13, 1864 National Bank Charter of the First National Bank of Danvers, and the Second Charter of October 22, 1884. The original Association of the FNB of Danvers are included from October 25, 1864, and the Certificate of Officers and Directors from the same date is also included. Stock Certificates from the First National Bank of Danvers and the Danvers National Bank are included, as well as two documents signed by noted philanthropist George H. Peabody. Signatures of all of the stockholders of the bank (and the number of shares owned) are included on one 1864 document that relates to the Authority for Conversion to a federally chartered Nation Bank. An intriguing document from 1861 records the vote of the Board of Directors to reduce the par value of the stock of the bank from $100 to $75, to account for the loss in assets of "a considerable amount of paper, the makers of which are residents of the seceded states." Several Internal Revenue Service documents relating to taxes paid by the bank are included, as well as a Superior Court document from the Commonwealth of Massachusetts recording the destruction of plates and dies of the circulating currency issued by the Village Bank of Danvers. The original warranty deed transferring the assets of the First National Bank of Danvers to the Danvers National Bank is included, as are the 1941 blueprints for the new building to be constructed for the Danvers National Bank. Numerous other early documents are enclosed, each of significant historical importance relating to this Massachusetts financial institution.
    As if this incredible archive of material isn't enough, there are four pieces of early currency included in this lot, each significant in its own right. All four are listed as SENC (Surviving Examples Not Confirmed) by Haxby. They are as follows:

    Village Bank of Danvers, MA $2 G16b Good, with a couple of minor notches on the left end and two paper pulls on the reverse from the piece previously having been mounted, $5 G32 Fine+, solid, attractive, and problem-free for the grade, $5 G32b Fine, and a $10 G40 Fine, with numerous insignificant pinholes and two paper pulls on the reverse.

    This wonderful treasure trove of material is of great local historical significance and will be of great interest to the specialist in National Bank Notes and Obsolete Bank Notes. The new owner would have a nearly complete history of the bank at his disposal, and the research minded could have all of the material necessary to write a book recording this history. Those appreciative of history will do well to view and study this lot, and we expect spirited bidding when it crosses the auction block. While an estimate is purely guesswork, we expect this lot to bring. . . Est. 5,000-10,000

    Auction Info

    Auction Dates
    September, 2001
    21st-22nd Friday-Saturday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 296
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