Economic conditions
Economic conditions
January 2, 2003
Island Economy Holds Strong in 2002; Land and Home Sales Point the Way
Looking back over 2002, the Island's economy showed strength during a year of uncertainty and possible war.
Land, the Island's most formidable asset, held its value. According to James Lengyel, executive director of the Martha's Vineyard Land Bank, land and housing values grew in 2002. Land bank revenues for the six-month period from July 1 to Dec. 31 were up 12 per cent over the first six months of 2001. Transactions were up four per cent.
December 27, 2001
Economic Difficulties Leave Uncertain Outlook at Year's End
Start talking to people about the state of the Vineyard economy, and you can detect an edginess, an air of concern that mirrors the condition of a nation in the midst of recession, war and ongoing fear of terrorism.
September 1, 1989
Vineyard Banks Set Course Amid a Changing Economy
Despite a softening of the real estate market and changes in the economy, officials of Vineyard banking institutions remain generally optimistic about local affairs with few reservations.
March 10, 1933
Vineyard Serene as Business Carries on Through Bank Crisis
The Island this morning faces at least one more day of the national banking holiday. Telegrams from the United States treasury notified Vineyard bankers last night of the extension of the holiday through Friday. The Island was encouraged, however, by repeated statements from Washington that there would be little delay in reopening sound banks.
February 9, 1883
The Rocker Family: How their transfer from Cottage City to the State Alms House was accomplished
The series of endeavors on the part of the town of Cottage City to rid itself of the now notorious Rocker family culminated last Friday in a performance, the true story of which reads more like the report of a riot in a Louisiana parish, or like a leaf from some yellow-colored “Life on the Border,” or like a chapter from Reade or Dickens on the administration of the charity laws in the old country, than like the simple account of the removal of the local authorities of a poor family, located in a New England town, to the paternal care of the government of the State of Massachusetts.
