The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-05-26

has been cut down to s25o. 900. Its surplus
fund amounts to $250000 The cashier is
Mr. J G. Hasking.
The Provident Institution for Savings on
Washington street was started in l840. 1t
has been very successful and is one OF the
best and soundest savings institutions IN the
State. Its deposit line is about 81, OD0, U09.
MIR. i. A. Smith is President and MIR. +. w.
Kingsland, Treasurer
The New Jersey Title, Guarantee and
Trust Company is only four years old, but it
has grown rapidly 1t has 0,000 on
deposit and a surplus of $150,000 Its safe
deposit vaults are patronized by 500 people
and its title department is the best lnstltu-
tion from which to get perfect title to
property. The President of the company is
ex-Judge A. @. Garretson. l. "A. Huisizer is
Secretary.
The Hudson City Savings Bank is an old
established institution. doing large savings
bank business and line of business accounts
also Its President is Mr.. r. FL. Davis, ex-
Mayor G. d, Reypen is Chasier.
MANUFACTURES
The Sugar House on Washington street,
formerly owned by Mathieson e Wiechers,
but now the property of the American Sugar
Refining Company, is capitalized, half pre-
ferred and half common stock, to the extent
of SIS, 900, 600. 1t produces daily about 5O.-
600 barrels of sugar and employs host Of
men.
The Joseph Dixon Crucible Company
Works, on Wayne street. are the finest of
their kind in the United States. The COM
pany was organized in 1868, with capital
stock of 100000 This amount was in
creased to S734, 800 In 1881 the COM
pany was wrecked It could not pay
20 per cent on the dollar when Orestes
Cleveland's management terminated. Cham
cellor McGill appointed Mr.. E. F. G. Young
receiver, whose sound financial Judgment en-
abled him TO pay out of the profits OF the
business $1,000, 900 of debts. principal and
interest, to the creditors, and restored the
company, sound and solvent, to its stock
holders. Its business, from the time Mr..
Young took it OUT of the hands OF the wreck
ers to tho time he turned the concern over
to the stockholders, exactly doubled. Now
the company pays dividends every six
months since its reorganization.
The Lorillard Tobacco Company, known
all over the world for its products, IS capital
lied at $2,000,000 preferred and $3,00O,00O
common stock. Its president is Mr. Pierre
LorilIard, Jr., and MIR. G. D. Finley, vice
president.
Among other highly important industries
in the city are the Griffing Iron Company,
Mr. Tom Williams, president, which turns
out radiators by the million; the Passaic
Zinc Works, with its valuable chemical pro
ducts; the Standard Watch Company. sup
universe; the New Jersey Car Rubber
Company, Mr.. j. J. VOORHEES,, president,
which manufactures hose by the mile and
rubber by tbs ton; Heppenheimer's printing
concern, the Barr -Dinwiddie Printing Com
pany, the Dodge & Bliss Box Company to
say nothing about Woolsey's Paint Works,
the Abattoir, Stratford's Oakum Works, the
the paper works adjoining on the meadows,
The boiler and engine shops, the lumber
wards and the Thousand and one big indus
tries the busy hum of which is the wealthy
music to be heard in Jersey City.
MUNICIPAL BOARDS.
The Finance Commissioners have been on
| the alert under Mayor Wansers administra-
ton They have succeeded in cutting down
| the city's appropriations. They have reduced
the city's tax burden, and by a skillful plan
of financeiring have brought the city's credit
up to the top notch, until it is now practi-
| cable to float bonds at 1-2 per cent at par
at least, and premium may be obtained,
| This board has been instrumental in having
| the salary lists cut down and in non concur
| ing In unwise resolutions has saved the
| city thousands of dollars, and by concurring
| in others has hurried much needed improve
\ ments
The Street and Water Commissioners made
many street improvements, caused many
necessary sewers to be constructed, and
| others to be cleaned The street lighting
4 J
| They inaugurated movement which will
| give the city about one mile and half Of
| asphalt pavement They have also laid the
| foundation for the acquisition of a new sup
| ply of pure and wholesome water from the
\ Rockaway she'd They have shown thai
| such an acquisition is necessity and can be
l procured.
The Sinking Fund Commissioners have
| guarded the city's interests well. By 9
| commendable system of transfers of monies
| they have been enabled to redeem maturing
| bonds, which otherwise would have had to
| have been redeemed by new issue. In this
way the city has been saved many dollars OF
| interest. The present commissioners are
| pursuing a splendid financial policy.
| The Tax Commissioners are entitled to q
| fair share of the credit due the present city
| officials for the steady advancement of the
| city's financial condition The equalization
! of assessments has done much to reduce the
| tax rate The board has reduced its salary
accounts and has kept a lookout for transient
merchants upon whose goods assessments
| have been promptly levied, bringing into
| the city as much as $4,000 year.
| The Board of Commissioners of Appea
| has done its share Where excessive assess
ments have been levied, reductions have
been made, and where too low, increased
| them The Commissioners have done mucE
| towards preventing complaints Of higf
| LttX6S. luC on poilSeS al y
| The Assessment Commissioners haye beer
| instrumental in consummating many i'm
| provements which were objected to- By the
| careful and equal levying of assessments
property owners have consented to i'm
| provements being made which at first were
| Objectionable.
| The work Of the Commissioners of Adjust
ment has made itself apparent by the mum
| ber of MARTIN Act" tax sales which have
| been held These sales have always beer
attended with splendid results, and thou
sands upon thousands Of dollars have been
| brought into the city treasury through the
wor of this board.
| The Board of Aldermen has but LITTLE
power However, what little it has is moi
| being ab1sed Property owners are giver
every protection possible. Beer saloons
cannot be located neyt to private houses
any more with impunity The board il
\ being conducted on a line of economy il
every particular.
POLICE DEPARTMENT
| The Police Board, under the able manage
ment of President Feeney, accomplished
| truly wonderful things Be it said to the
credit Of that efficient presiding officer, thai
| it is due to him and to him only. that the
| department today boasts of such fine anc
well equipped station houses. 1t is due tt
| his efforts also that the perfect signal system
now i'll operation was secured. The force Ii
| efficient ia every respect.
The same good work is being carried or
| by President Abernethy. He is roofing out
| the drones reducing the expenses where
| possible and bringing the discipline up to {
| limo point. The department is one of which
any city may well feel proud.
| FIRE DEPARTMENT.
\! .