The Jersey City news., 1902-01-25

Z
sisted of farms owned by the yreelands
and Van Hornes. Where the PennsyiVanaa
Railroad yards are now belonged to the
Van vorsts, and recollect funny story
about an attempt to buy the tract.
Here Mr. Young leaned back in his CHAIR
and told this story, which he punctuated
with laughter
..My grandfather, coming down from
Morris County to New York, there was no
| Delaware and LaclSawanna Railroad IN
these days and he drove down the thirty
miles to Jersey City, put up at the old
Hudson House That was famous hos
telry then where Coigate's factory now
stands Mr.. Van Worst was in the inn
at the time, having arranged to meet
there a man who came from New York to
buy Paulus Hoeck for a speculation Wen,
these two talked and haggled about the
price, but they couldn't agree. Just out
side the window of the inn was a grass
plot and the New York man sticking his
head out of the window suddenly said
See here Mr.. Van Worst | tell you what
I'll do I'll cover that piece Of ground
with silver dollars and just as many as
viii lie side by side on it, that will be
the price for your land. 1t is bargain?
Mr.. Van Worst eyed the piece of ground
for few seconds as if measuring it and
then with sly twinkle in his eye said to
the other:-'Yes, it is provided you stand
the dollars. edgewise. There was no sale
explained Mr.. Young holding his sides,
sof Paulus Hoeek on such extravagant
terms"
II came to the First National Bank N
1861 from the Hudson County Bank. hi
this bank then Mr.. joan d. Fox vas
president and Michael Sanford was cash
ier He was a brother-in-law of Mr..
Conklin here now. / was assistant treas
urer and rose to be cashier in 1874, and
made president in 1879. I have been here
ever since. as you see."
Turning to the business growth of Jer-
sey City during the past fifty years Mr..
Young said that prior to 1870 things
ran along in a smooth sort of way. In
that year, however, when the cities of
Jersey City, Hudson and Bergen were
consolidated great start was made.
Business was prosperous until the
panic struck us. although we in Jersey
City didn't really feel it until 1876" con-
tinued Mr.. Young. There is one remark
able thing about that financial time and it
IS proud thing for Jersey City. That is
we never had a failure in any of the pam
les. In 1888 and 1894 when there was
raised for the poor of Jersey City during
tho winter about $4,000 there were only
three applicants for money.
sAnother wonderful thing about Jersey
city during my experience here said
Mr.. Young, emphasizing his words by
tapping on the table, is that it has rank
ed as the healthiest city in the United
states. Statistics will prove the truth of
that statement, and notwithstanding the
repeated attacks made as to the moral
side of Jersey City. I do not ever recol-
lect of an established gambling house
here or houses of notorious repute. That,
l think, we should be proud of when we
speak of this city The growth OF the
city since i. first came to it has been re-
markable and it seems to me to be in
creasing more rapidly during the few
years past than any other place know
of It is bound to prosper We have
our faults, but at the same time we have
lots of things to be proud of.
ssDo you see that pile OF letters there?
That means work. and I'll have to get at
them Good day!" and the president of
the First National Bank the next minute
was deep in business. forgetful of BIRTH
days and "reminiscences.
It was in Morris county that Mr.. E. f.
c. Young was born, on January 25 1885.
From the paternal side he was descended
from Rev. John Young, a famous divine
of Connecticut, who was the first of the
family to come to this country from Eng
land. On his mothers side Mr.. Young's
ancestors were Scotch. He was nine
wears old when he came to Jersey City
and his education virtually began in Pub
lie School No. 1. His school master was
the venerable George II. Linsley, who to-
day proudly says
..E. F. c. wae one of my best boys. He
was a nice little boy when he first came
to me. Always had his face nicely wash
ed and was a kindly dispositioned little
fellow, and / am proud OF him"
Mr.. young's business career began with
the Hudson County National Bank.
Afterward he entered the Mechanics and
Traders Bank, and when that institution
subsequently became the First National
Bank Mr.. Young entered it as assistant
cashier. He has been its president since
1879. To enumerate all the business inter-
ests in which he is engaged will astonish
many who read this list. He is vice presi-
dent and director of Aclxer Process Co;
president and director OF the American
Graphite CO.. director of the American
Peganoid CO.; president and director Of
the Cleveland Seed Co.: president and di-
rector of the Colonial Life Insurance Co
president and director of the Consolidated
Traction Co.; director of the International
Banking and Trust Co.; director of the
International Steam Pump Co. pres dent
and director of the Jersey City and Ber-
gen r. r. Co; president and director of
the Joseph Dixon Crucfbie Co.; director
of the Kentucky DistilIeries and Ware
house Co.; director of the Liberty Ma
tioral Bank; director of the National Ex-
hibition Co; president and director of the
Newark Passenger Railway Co; president
and director of the Newark Plank Road
Co; director of the New Jersey Title
Guarantee and Trust Co.; president and
director of the New Jersey Traction Co.;
director OF the Peoples Light and Power
Co; director of the Pert Richmond and
Bergen Point Ferry Co; trustee of the
Produce Exchange Trust Co.; director of
the Standard Distiliing and Distributing
co. The wonder is how on earth he finds
time to attend to them all; but he does
At dinner given in his honor two years