The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1901-06-11
HARRISON BOOMING
Money to Burn, Low Taxes,
Big Orders and Hopes as
Big as All Outdoors.

Harrison citizens are taking much pride
in the establishing of the towns finances
on sound basis, the numerous improves
ments, public and private, planned and
under way, and the bright prospects for
continued improvement and growth
There is deposited in the First National
Bank of this city over $4,000 to the credit
of the general account. The interest on
arrearages of taxes amounts to over
100000, which, added to the total amount
of assets, together with the money depos-
tied to the credit of the Sinking Fund
Commission, would almost wipe out it's
bonded debt
The Martin Act Commissioners, APP
pointed three years ago, have been and
are still doing much effective work They
have on deposit at the present time, in
the First National Bank of this city and
the Fidelity Trust Company of Newark
over $4,000 to the credit of the Sinking
Fund Commission. 1t is through this
fund that the town expects to redeem
its bonded indebtedness. The bonded
debt, according to the yearly statement
issued by the Town Treasurer, amounts
to but 10 per cent. of the assessed valua-
ton.
The tax rate for last year was 242,
which included the entire cost of the new
fire house that will soon be opened to the
citizens of the town for inspection and
will cost $4,000. The much needed paving
of streets has been started. John, Lodi
and Washington streets have just been
completed. Cleveland avenue and Second
street will soon be finished. The Com
mon Council intends to sewer the whole
eastern section of the town.
Many of the towns industries, already
large, are being enlarged, or will be in
the near future. The General Electric
Company's factory at the present time
covers 111,139 square feet. The company
has 1850 employees on it's pay roll, 80 per
cent. residing in the West Hudson towns.
The output of last year amounted to 49,
000,0o0 lamps. Superintendent George E.
Morrison stated this morning that when
the new extensions and Improvements had
been completed the lamp capacity would
be increased by 10,000000.
The Atha Steel Company, employing 700
men, most of whom reside in Harrison,
has several large orders to fill The con-
Germ does considerable work for the Gov
ernment, and has just started on a big
six-inch gun for the navy, which will not
be ready for shipment until the latter part
of the year. Manager Henry G. Atha
said today that the company had just
completed building new oil plant, boiler
and power houses and addition to its MAJ
chine shop. Its output to date is far in
advance of this time last year.
The Globe Manufacturing Company. T.
j. Lewis and Stainar & Laffey, wire man
ufacturers, claim they are unable to com
plete some of their orders on time
The Marine Engine Company whose
works are in First street, has broken
ground for the erection of large foun-
dry and hammer shop. Superintendent
Moore said this morning that when these
buildings had been erected his firm would
turn out seventy-five tons of iron a day
which would necessitate the employment
of $50 more men. Previous to the machin-
lists strike 250 men had been employed
by this firm.
If the report be true that T. Pierpont
Morgan is going to build the largest To-
connective works in the world on the Pike
estate, it will make Harrison one of the
most important manufacturing towns in
the country.
The turnpike road is undergoing repairs
and IS about to be lighted, which will
benefit the teamsters, who have to travel
by night to and from New York
A real estate agent said this morning
that in short time the meadow land
would be covered with manufacturing
n y f