New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-24
WITHsTooD FINANCIAL STORMS.

Throughout its long and honorable career-it first
opened its doors for business during the stormy
days of So ere the war cloud had lifted from the
land-the old First National Bank has been an ever
ready help and stay 70 the at times. sorely tried
citizens Of Paterson; sanchy backed and efficiently
managed. always. il has triumphantly Tlthstood
the financial storms and the of food and fire
that have SO hardly tested their civic courage
Il began business on September Q, 1864. with
John J. Brown president, al No zSS Maln-st'
then known as Colonel GarTsons residence was
removed the old Congress Hall Building in Fen
ruar 1856 and later april q. 1s7D was installed
IN its fine building al Washington and Ellison sts
which was destroyed by the late fire
Its home, distinctively z bank building, Is
an effective example Ct that class Of architecture
Nessrs Carrere & Hastings, the eminent archl-
rscts have adopted the Italian Renaissance as be-
ing appropriate substantial and elegant for bank
building, and when completed II VIII STAND colsplc-
UCusly as the finest architectural monument In the
city q Paterson. The first or bank floor proper
viii be approached through the main Fesubule on
ElIisoI-sr and viii be one OF the most complete
and admirably arranged banking houses in New
Jersey. This room. which has a height OF 2 feet
expresses grandeur by us simple and aighihed
Treatment The entire floor space-o;gY1 Iee.I III
he upper floors are devoted to Offices
Since its organization the bank has paia co., our n
ceeded $50 O,5 M Us capital stock $500 600 (and
sur RSs 6eT ee gse sap DEPOSITS 81 $3.50 90 reese
shares now quoted at $50 fact that spea sl
enterprise and business acumen OF ITS manage
menJ Al recent meeting the board OF directors
recommended increase IN the capital STOCK from
tasd 60 20 S56e 0d5
Only three Of the original directorS-Messrs. John
Reynolds. Henry 2 Crosby and Edward T Bell-a[e
living, the other directors being Messrs- Alphels .
Allen. Dwight Ashley. William Barbour, joseph w
Cleveland. Joseph W Ccngdon W. Oakley Fayer-
weather. Y. 2. Gourley. Leopold Meyer, Alexander
VI. Rogers and Robert Williams. These gentlemen
ere all citizens Of Paterson. and are all wen
known They al rank high as men Of affairs. MT
Edward T Bell the president is vice-presl Gent
and chairman OF the Finance Committee OF the
substantial and widely known Paterson savings
Institution. which has deposits of nelly $loVoeJo
kr. Bel is also president and chairman OF
the Paterson and Passaic Gas and Electric Lght
Colnpzny- He is also executor and trustee
various estates
Mr.. John Reynolds the vice-president Of the
First National Bank. IS the president OF the Pater
son Savings institution Mr. Allen Is a retired
merchant and capitalist: NJ Ashley is PRESIDENT OF
TIE Ashlev q Bailey Company, silk manufacturers;
u William Barbour is the president OF the Linen
Thread Com any: MI Crosby IS retired merchant
snd capitalist. Mr.. Cleveland Is hardware raer
chant n z large way; General CongdoL Is president
q The Phoenix Silk Manufacturing Company; Nj
fsysrweather is the ex-president Of the Passalc