
Maybe not George Washington’s diary…but the next best thing?!
This is a bank book from the Montour National Bank of New York that lists the account transactions for Frances Hastings Goodwin Mulford (wife of Civil War hero and Prentiss Vise Company president, General John E Mulford) from Nov, 1914 - July 1920. As a career accountant by day and researcher of the Prentiss Vise Company by night, the information in this book scratches both itches.
The handwriting is difficult to read in places, but it appears that Mrs. Mulford used this account primarily for birthday and Christmas gifts to various individuals and charities, the purchase of miscellaneous supplies, and for the deposit of dividends from multiple companies. The transactions postdate John Mulford’s death (Oct 18, 1908). John’s son, Edwin, was president of the company at this time. From multiple sources, it’s clear that John Mulford was a true businessman and entrepreneur, having invested in many companies during his lifetime and even having started several himself (among which are the Prentiss Vise Company and the Watkins and Havana Railroad Company). As expected, John’s investments passed to his wife after his death in 1908, and it’s within these pages that we get a glimpse of their financial activity. Among countless other investment transactions, there are multiple disbursements to and receipts from the Prentiss Vise Company, one of which includes a $4,000 dividend in 1918 (equivalent to $83,620 today)!
It’s the less glamorous, seldom-seen aspects of the Prentiss Vise Company like this that really get my heart racing. Understandably, this personal account activity was kept very private at the time, and honestly I’m amazed that those whose hands it passed through didn’t decide to throw it away. Thankfully, it surfaced along with several other unrelated bank books in Rochester, NY and has found a home in my collection.