History of Amesbury - Merrill.org

GENERAL MATTERS.
FIRST NATIONAL BANK OF MERRIMAC.
This bank was incorporated in 1864 with a capital of $50,000,
which was increased to $75,000 in July of the same year. In
November, 1864, it was extended to $100,000; in July, 1872,
to $150,000, and in May, 1875, to $200,000. The total earn-
ings amount to $259,341.32;
total dividends, $208,250; undi-
vided profits, $6,091.32 ; loans, $289,712.52 ; deposits, $76,089.28.
William H. Haskell, president ; D. J. Poor, cashier.
MERRIMAC SAVINGS BANK.
This bank was incorporated in 1871. Its whole amount of
deposits is $193,556.28 ; number of depositors, 1049 ; surplus,
$2,438,85. William H. Haskell, president; D. J. Poor, treasurer.
MERRIMAC MANUFACTURING COMPANY.
This company was incorporated in 1848, with a capital ol
$40,250. The amount of business done in 1880 was $75,266:
number of hands employed, 35 ; number of sets of wheels made,
4094 ; number of sets of parts, 3800. F. S. Merrill, agent.
MERINO SHOE COMPANY.
This company was incorporated in 1876, with a capital of
$40,000. Its business in 1880 amounted to $100,000; number
of hands employed, 75 ; number of pairs of boots and shoes
made, 90,000. A. A. Hawley, agent.
AXLE FACTORY.
This factory commenced business about the year 1834. Jonathan
B. Sargent, Esq., started the manufacture of axles at West
Amesbury, and afterwards added the manufacture of steel car-
riage springs. Mr. Richard Stoyles was an experienced workman
in the latter branch and continued in Mr. Sargent's employ
many years. The Merino Shoe Company now occupy the factory
where Mr. Sargent managed a profitable business for many
years, manufacturing axles and springs.
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