The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1902-04-19
BERCEN'S BANK
New Trust Co. Will Open
Its Doors for Business
on Monday.
SUCCESS or VENTURE ASSURED
Business Men on the Hill
Take a Deep Interest in
It's Welfare.

The new Bergen and Lafayette Trust
Company, which was organized about
three weeks ago for the purpose of doing
banking and Trust business in the Ber-
gen section, will begin business Monday
morning in the temporary quarters at No.
Sc Monticello avenue The managers have
been hustling for several weeks to pre-
pare for the opening and il was an
nounced by Vice President John p Lap-s
drine that the institution would be ready
to transact business on the day stated.
Many alterations have been made TO
make the temporary quarters comforta-
Bile. The usual desks and other necessary
articles of furniture will be put in today.
large safe has been placed in the office
to be used during the day only. The
temporary quarters will be occupied for
about six months or perhaps a little
longer. A large site at Monticello avenue
and Brinkerhoff street was purchased as
the site for the proposed new bank build-
ing A magnificent structure will be put
up at cost of about So, 600 1t will be
of stone and luxurious offices viii be fitted
up Safe deposit and storage vaults will
be put in and the institution will be thor
oughly up-to-date in every particular.
r
the storage of valuables and papers and
these vaults will be strictly fireproof.
Every effort is to be made on the part Of
the managers to make the company one
of the best in the State.
The company starts business with
capital of s15O,o00 Two per cent. interest
will be paid on daily balances and in
addition to this business a savings de-
partment will be opened The bank is to
be run for the benefit of the people of
the Heights.
Merchants in the Bergen section have
been waiting impatiently for the opening
of the bank. Judging from the interest
displayed by the business men, the bank
will have large line of depositors. Most
ly all of the business men of the Bergen
section are waiting to begin business with
the new firm. They feel confident that
their interests will be well looked after
by the reputable business men at the head
of the new institution. The names Of the
incorporators and officers inspire conf
dence. and it is common gossip that the
bank will be doing a tremendous business
at the end of a year.
The incorporators were:-E. F. c..
Young, 200 shares; James E. Hulshizer,
$50: William c. Heppenheimer, 200; Henry
Mehl, Jr.. $50; A. P. Hexamer, $50: Ed
ward Russ. 100. and William N. Cahili,
So Those who held the large blocks of
shares have sold great number to vari-
Gus business men on the Heights who will
do a regular business with the firm. 1t
has been the object of the company to
get as many interested as possible in the
enterprise.
The officers and directors are:-Presi-
dent, William c. Heppenheimer; vice
president John P. Landrine; secretary
and treasurer, George c. Smith; directors
William C. Heppenheimer. E. F. C.
Young J. E. Hulshizer. John P. Landrine,
C. H. Slater, Livingston Clifford. Isaac
vanderbeek, Daniel E. Cleary, j. H. Bum
sted, Jr., William NJ. Cahill. John Mehl,
Edward Russ, A. P. Hexamer and Henry
Mehl.
Vice President Landrine said yesterday
that the managers would strive to meet
the demands of the people and that the
business would be run on an economical
basis.
Il have no doubt said he, that the
institution viii fill a long felt want among
the business men of the Bergen section.
The bank is in desirable location and
can be reached without difficulty from
any direction The trouble of travelling
to lower Jersey City with deposits viii
be obviated hereafter"