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

After reading Mr. Winfeld's en- tertaining
and instructive article, ones thoughts natur-
ally turn to the present. And what do we
beholds A great Jersey City Only few
short years ago it was considered a suburb
of New York, but today. on every side, we
see the signs of a live, busy municipality.
Not alone the shrek to the locomotive tells
us this, but see the busy factories, the rapid
transit facilities, our magnificent business
houses, our financial Institutions our schools,
our fire and police departments our churches,
our busy streets all testify to the gr owth
that is going on day after day, and w hich
will in the future result in the Greater Jer-
sey City. But to refer TO all in detail
RAILROAD FACILITIES.
No one disputes the fact that Jersey City
is the railroad depot of the United States
and the amount of business transacted by
them is fabulous when reduced TO dollars
and cents. These railroads occupy about
one-third of the total area Of the city, and
each year they acquire more There are
many excellent business men VINO prophssy
that at the end of the next generation lower
Jersey City will be completely absorbed by
them and factories and warehouses. The
railroads that en- ter this city are:--Pennsyl-
vania, Lehagh Valley New York. Susque-
hanna & Western, Richmond & Danville,
Chesapeake & Ohio, West ShoreS Atlantic
Coast Line, New York, Lake Erie & West
ern, Newark Branch, Northern Railroad Of
New Jersey, New Jersey q New York. New
York & Greenwood Lake, Central Railroad
of New Jersey, Philadelphia & Reading ane
Baltimore & Ohio. The Delaware, Lacka-
wanna & Western and Morris & Essex enter
at Hoboken, but they pass through the city,
and they are used more by the people of thi S
city those of Hoboken
THE FERRIES.
Six ferry lines find a terminus in this city,
and daily convey from here to New York
thousands of people who are in business or
are employed there These ferries have no
equal in the world in the way of boats,
| equipments, comfort and regularity. They
are like an endless chain, always going. At
any hour of the day or night Sunday or
week day. good weather or bad it Is impos-
sible TO look up or down the Hudson River
without seeing one or more of these ferry
boats in motion These ferries are the
Brooklyn Annex, Courtlandt street, Des-
presses street, Comnunipaw, Bay street,
Twenty third street and Chambers street.
The three ferries in Hoboken are also used
daily by many thousand Jersey City people
who live in Old Hudson City. The Hoboken
ferries are the Fourteenth street. Chris
topher street and Barclay street.
FINANCIAL INSTITUTIONS
The First National Bank at Exchange
Place is one of the best and soundest banks
in the State, and was instituted more than
thirty years ago. Its capital stock paid in
is 1000, and since its opening it has paid
10, 13 and Is per cent. dividends yearly Its
accrued surplus fund reaches $630,000 The
amount of individual deposits subject to
check climbs up TO nearly five millions of
money The banks affairs are administered
by President E. F. C. Young and Mr.. G. w.
Conklin, cashier
The Hudson County National Bank on
Washington street started in 1851, with Mr..
j. Cassidy President. aud MIR. A. T. Smith
as cashier. In 1852 the late Hon. A. E. Har-
denburg and Mr. i. T. G. Young entered its
service. Mr. Hardenbergh continued there
in until his DEATH while Mr. Young left in
1864 to assume the direction of the First
National Bank The capital stock of this in
stitution is $3.50 900, and it has a surplus
fund of $30O000 Mr. r. c. Washburne is
its able President and Mr.. j w. Harden
bergh the cashier.
The Third National Bank on Pavonia
avenue was opened four years ago with q
capital stock of 5000, 600. 1t has now sur
plus fund Of S30G00 The president is Mr..
John D. Carscallen and Mr.. r. s. Ross is
cashier The bank, although comparatively
Young. is doing an excellent business
The Second National Bank, on Mont
gomery street, of which Mr.. William Hogen-
camp is president, is q continuation of the
old Jersey City Bank. 1t was started in
! 1856. and was an otfshoot from the Hudson
County Bank by J. Cassidy. who was first
president Of the Hudson County Bank, who
cut adrift and started the Bank of Jersey
| CITY. The capital of the Second National
Bank was originally S500000, but this sum