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National Bank was dissolved and replaced by the Seymour Trust Company.
Business was carried on one day under the first name, and re-opened the next day with the new title, without any break in service. Those who headed the Seymour Trust Company in 1905 were Edmund Day, President; William L. Ward, vice president; G. E. Matthies, Secretary, and S. C. Boies, treasurer.
The bank capital was listed in 1902 at $50,000, under the Valley National Bank. At the time of its incorporation as Seymour Trust Company, it had a balance sheet of $310,000.
It is remarkable that Edmund Day served as the first president of two Seymour institutions which played a vital role in the growth of Seymour's economy. The Seymour Electric Light Company was organized and incorporated in 1889 with Edmund Day as its first president. By 1902, the company had a capital of $28,000. At that time the company had a contract for town lighting as well as furnishing arc or incandescent lights to factories, stores, public buildings and residences.
The plant occupied by the firm was a 30 x 80 ft. brick building, equipped with what William C. Sharpe described as "the latest improved electric appliances, including an arc dynamo of thirty lights and two incandescent dynamos of 1,650 lights."
Day served as president of this firm at the time of its incorporation. He was succeeded by James Swan as president in 1902. The company was purchased by George E. Matthies and L. T. & W. H. H. Wooster in 1904. At that time the voltage was changed, auxiliary power was added and the business expanded.
Edmund Day was also a director of the H. A. Matthews Manufacturing Company of Seymour. This business enterprise was organized in 1890 with a capital of $85,000 to manufacture stove trimmings and other hardware. In 1885 it was expanded to make bicycle parts.
Sharpe said of the firm in 1902, "Their works at the mouth of the Little River have been enlarged and greatly improved, and now include the main building 36 x 125, an annex, 24 x 89, an office and stock room and a boiler house. The machinery is of the most improved patterns and includes mammoth presses the largest of which has a weight of nine tons. The
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