A History of the Philadelphia Saving Fund Society, 1816-1916

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Purves was elected Treasurer on the fifth day of December 1849 and died on the 130 OFFICERS twenty eighth day of October just past aged 76 years. When chosen he was selected out of seventeen applicants for the position, and upon the eleventh ballot received 16 out of 23 votes cast in the election. At that time the increments of the Office only amounted to about two millions of dollars and the number of depositors to only a few over 10, 000. We may well say that the Institution has grown to colo...ssal proportions, since the vault con- tains many millions of dollars and the depositors now number con- siderably more that a hundred thousand. With the growi^h of the Society its responsibihties have increased in a corresponding degree, and in the long period of 37 years during which Mr. Purves has had control of its financial means, the business of his department has been managed with consummate skill and success : he laboured with zeal to strengthen the assailed point, when a formidable run was made on the Office, and at its close the resoiurces of the Insti- tution remained intact.

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