New-York tribune., 1892-01-02
OBITUARY..
JACOB ID. VERSTEYE.

Jacob d. Vermilye. president ~ the Merchants Ma
uonal Bank, died suddenly at his home. No. West
Ffty trst-st yesterday morning from heart failure
Although Mr. Vermiye had t.cn III for some time, he
was thought 20 be recovering ana the day before his
DEATH feeling unusually well, he signed checks and
devoted considerable time % business. lie was born
on July l5 1917, In house In JOhn-st, this city ;
his parents We're OF the old French Iiugucnot stock
In his early school days the public school system Of
Ncw-YOrk was little mon than an experiment, but
lo tad the advantage Of private school in Nassau ST.
between .Iohnst. and Maiden Lane taught by f. W.
Morse. When still boy he began his career at the
foot Of the ladder entering Office in Walst. as
a clerk But he made a change into the business
With which no has been Identified 50 long and So
prominently, for he accepted clerkshlp In the
Merchants Exchange National Bank From this place
no was invited into similar but more lucrative
ono in the Leather Bank In this bank he remained
for number Of years, for soon after he entered the
bank he was promoted to important post
Advancement all tlis time had been slow but sure
lie finally left the Leather Bank to become the paying
teller of the Bank Of United states. The president
II tie State Bank IN Newark next offered him
the place OF cashier In that bank. which offer was ac
cepted. lie remained In ,rwark til 1898, but in bis
last three four years OF at time he wai the cashier
Of the Newark banking Insurance Company.
In 1858 be returned ~ New-York as the cashier
Of the Merchants Bank. Aft,r ten years OF
poriencc in This Office lie became president in 1e0s
His connection with the Merchants National Bank
had therefore been for tho period Of thirty our years.
twenty y-four of which he had been president The
Merchants National Bank is the third Oldest I'm the
city, and Its be judged In part from the
elegant eghtstory Office building which the bank
erected ard owns In con unctiOn with the Manhattan
Company Nos. 40 and AZ Wast. At the time of the
civil War and the OF the loans and since then
Mr. Vermlye was actively connected with some
II the largest financial operations conduc ed In this
country. lie one OF the orignators, and at the
time of his death treasurer OF tho Equitable "as
Light Company, Of No. $40 Third-ave
As member OF the School Board he served
from 1873 to $3.50. when he resigned and he was
always deeply interested in educational work. lor be
sides taking II personal interest, lie gave largely to
Robert College and to the theological school OF Prince
ton College. For many years he was chairman OF
the Executive Committee Of the Clearing House. lie
was "A director OF the Lank Of Nogth America. Of the
Royal Insurance Company, OF the Central Trust Com
pany Of the Continental Insurance Company, ana some
twenty other banks and insurance companies.
lie was member Of the Rev. Dr. John Halls
Ffth Avenue Presbyterian Church, ard held 'he once
OF elder for about thirty years
As member Of the Board Of Home Missions and also
Of Foreign Missions he valued helper and
counsellor in both.
As u Ghilanthropst he was promincui IN the man
agAemcnt Of the lone for lncurblc' O. Ne-thesteF
Comfy where he made frequent v.,it, ln addition
n hi, edu,a lOnal and church work. he u,o interested
I'm chari,, of which few know. Tor he was no est ana
retiring. ana many Of bis chnnti,. We're gwen 80
quietly that even his family did Lot know Of them
lie lcavc- q vile and two children. ". G.. Neruiyo
and Mr.. ilc"ry ". Baldwin. The hev. Dr. Nermilyc.
his brother, IS still living In New->orh ht the age q
funeral services will be held In the rlfth Avenue
Presbyterian Church Fifth-1vc. and FftY-tlt-st, on
Tuesday morning at 10 o'clock, and the Ou.nl VIII be
at Newark y. j.