Overview
This book chronicles the dynamic life span of an important Rochester institution, a mutual savings bank, that by definition, was owned by its depositors and operated for their benefit. At one time in the U.S., there were more than 4,000 savings banks most having started in the 1800s. By 1990, many of these had dissolved, since they had achieved what they were created to do, and eventually fell prey to the changing and frequently unstable economic times. It also chronicles the contribution of some of the Presidents and Trustees to the Rochester community.
“Long-time RSB trustee Jim Duffus has gathered the lineage of RSB’s ‘movers and shakers’ in this authoritative book. Readers will enjoy a unique view of an interesting part of Rochester’s history through his tireless efforts.”
Bruce B. Bates
Senior Vice President, Morgan Stanley Smith Barney LLC
and a celebrated community leader
“The author writes with deep feeling for the great institution and the people who were the Rochester Savings Bank. He dramatizes its life and death and the 152 years in between.”
David T. Kearns
Former CEO of Xerox Corporation and
Deputy Secretary of the U. S. Department of Education
Details
Publisher: RIT Press (02/2010)
ISBN-13: 978-1-933360-41-6
Binding: Softcover
Pages: 108
Illustrations: Black and White
Size: 6 in. x 9 in.
Shipping Weight: 0.4lb
Press Releases
“Long-time RSB trustee Jim Duffus has gathered the lineage of RSB’s ‘movers and shakers’ in this authoritative book. Readers will enjoy a unique view of an interesting part of Rochester’s history through his tireless efforts.”
Bruce B. Bates
Senior Vice President, Morgan Stanley Smith Barney LLC
and a celebrated community leader
“The author writes with deep feeling for the great institution and the people who were the Rochester Savings Bank. He dramatizes its life and death and the 152 years in between.”
David T. Kearns
Former CEO of Xerox Corporation and
Deputy Secretary of the U. S. Department of Education
Table of Contents
Dedication 7
Preface 8
Acknowledgments 10
Chapter One: Setting the Stage 13
Chapter Two: The Erie Canal and the Flour City Years 15
Chapter Three: The Flower City and the Civil War Years 31
Chapter Four: The Maturing Years: 44 The “City of Many Industries” Becomes the “Home of Quality Products”
Chapter Five: Rochester’s Golden Era 56
Chapter Six: The Depression Years and World War II 63
Chapter Seven: The War Ends but Trouble Looms 69
Chapter Eight: Trouble Arrives 82
Chapter Nine: Concluding Thoughts 88
Timeline 90
Bibliography 95
Sources 97
Trustees 98
Index 101