FAMILY
THE FARMERS' BANK OF RUSTICO & DOUCET HOUSE By Jacqui Chaisson Photos Atlantic 360 Photography
The Farmers’ Bank of Rustico was founded by Father Georges-Antoine Belcourt in 1861 and, in 1864, became the smallest bank ever chartered in the British Empire by Queen Victoria. The bank provided long-term, small loans to farmers and fishermen at a reasonable rate of five to six percent—essentially micro-loans. These loans gave the Acadians financial independence and an opportunity to improve their lives. The bank operated for 30 years until 1894. Arnold Smith, president of the Friends of the Farmers’ Bank of Rustico, says, “The Farmers’ Bank of Rustico & Doucet House Museum is a not-for-profit community museum managed by volunteers who rely on admissions and donations to sustain the organization. Founded in 1996, we tell the story of Father Belcourt and his efforts to help the Acadians in his Rustico
Parish and other Acadian regions across the Island.”
In the fall of 1999, the community of Rustico learned about the
impending demolition of the Doucet Log House. Arnold Smith and Carter Jeffery, representing the Friends of the Farmers’ Bank of Rustico, measured and documented the old log house to preserve its details. Smith explains, “Our investigation found hand- hewn logs, birch bark under vertical board siding, and a large sandstone base for a central fireplace. Historical information prompted The Friends of the Farmers’ Bank of Rustico to look for ways to save the Doucet House.” They realized the house could not be moved in its deteriorated condition, so Parks Canada offered assistance and helped stabilize the house for its two-mile move to the Farmers’ Bank property in Rustico.
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www.pei-living.ca SUMMER 2024
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