The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-07-12
GRBEuVILLE AHhKBS.
First Steps Towards the Insti-
tuition Of a Bank for
That Section.

The movement among influential citi-
zens of Greenville to form a trust COM
pany banking institution IN that section
of the city assumed a very satisfactory
practical shape last night at the first
meeting held in the Lembeck Building
where a number of well known men
were assembled. They included Messrs.
Henry Lembeck, Free Library Trustee
Stephen L. Harvey, Michael Schultz,
Jr, Thomas Cogan, NJ. Gennert, W. c.
Rhinehart. Miles McCarron. G. W. vree-
land, w. P. Vreeland, Edward Burr,
James Qodds, 1. G~oldenhorn and others.
Mr.. g.. L. Harvey was elected chairman
and Mr.. Duncan Cameron secretary.
Then Mr.. Harvey, IN his practical way,
dived into the object of the meeting and
called on Mr.. Lembeck, as the active
mover in the plan, to speak. He said
that in times past the idea of forming
a AMI for Greenville had been killed
by the authorities raising the ante on
the stock business" A large stock
business would not pay. He urged the
scheme for no other reason than that it
would undoubtedly benefit the town.
Are there men who will help the bust
ness along? If Greenville has men, of
that stamp the institution will be sue
cessful. If not then the bseheme could
drop so far as he was concerned. Mr..
Lembeck said that he could easily find
within che hour men down town who
would take up all the necessary stock
n the concern, but his idea was that
people in G~reenville should unite in the
institution and share the profits.
Strangers ought not to have them.
(Applause.}
s far as I am concerned I will do all
in my power to help the scheme if you
wan it. That is the question, do you
wan a banking institution here? The
object of this meeting was to hear the
expressions of the citizens concluded
Mr.. Lembeck. after a plain, practical,
forcible speech.
A BANK NEEDED.
President Harvey recited the attempt
to form a bank some time ago and COM
planned of the lack of public spirit in a
growing manufacturing place like Green
vile. He pointed out the needs of such
an institution and declared that the time
had arrived when it should beg estab-
lished. There wa no reason why it
could not be started. Thousands of dol
lars went out of Greenville every week
u NIllONH I'LL w 1 I just
as we'll be deposited in a G~reenville
place. with benefit and convenience to
the Inhabitants: Mr. Harvey made q
stirring speech IN favor of the plan and
pledged his support 10 every way. Gap
plause.)
Mr.. isaac Goldenhorn made an effect
Mr.. Thomas Cogan of the firm of
Holmes & Cogan, believed everybody
would. patronize the institution: -
for years. and l do not see n diff
culties which can easily be surmounted.
All that IS necessary is that the citi-
zens come in and give us their support
and the D q PR + g s9i STEP.
Mr.. Cogan after warmly endorsing the
way by moving the appointment of a
committee of five,who shall devise a plan
% lay the matter more fully before ne
4 time for the next meeting, when the
committee win present a definite plan as
to the kind of institution to be Instituted.
appointed on such committee Messrs,
Gennerts Michael schultz, ST. 9 y.
man. of course, being an ex-ofiicio mem
Der.
After a. few words from Messrs. Har-
yey and Lembeek the meeting Adjourned
business TO sketch out q plan.
The next meeting will take place on
THURSDAY. July i. Since the notices OF
last nights meeting were only indiffer-
entiy served. and much was relied on
verbal invitations. which in many. eases
were forgotten, the committee will see
that either by advertisement in the daily
sapers or by postal card business peo-
nle will be advised of Thursdays meet
ing.
The main plan is to mould the insti-
tuition somewhat after the plan of the
Title Guarantee and Trust Company;
As there are a great many influential
- -ts- 1A-A DC NO niIao-.
ton as to it's ultimate success.