New-York tribune., 1907-12-01
THE CITY's BANKING FACuTT7rs

Owing TO its proximity TO Manhattan a,s
fact that many of the big concerns brs-
plants in Long Island City have their Eng
offices in the former. the latter is not proyids, &
very many fduciary institutions these pnn0ss~N
only Among them the following r,, -
considered representative:
IT SERVES ALL QUEENS =
The Queens County Trust Company. hsadc,-.:
ters OF which are in Jamaica. is another fns+,.z-
ton which has established branches in Lonv -.
City and in Far Rockawayr. TO meet the const9-,
demands of these two fast growing sectiop j,
Queens County The history OF this the hrs, ~ -
in fact. the only trust company in the boronzs
and the only in all Long Island o,,tsias -
Brooklyn, is the story OF the dsveIopnnsn, :,
of the most promising divisions OF C,res,.-
New York and OF Jamaica 1t was created br
group OF progressive men. whose provision a. ~.
future expansion of the metropolis convince1 ,hs.,
that the truck farms of Queens would sbor,,- -
converted into pcpuIous centres Of manussctT-srs
activity. especially near the waterfronts o. r,
residential parks, and Testful suburban vlages -
other points With their faith they pledged that.
capital. and events have already vindicaIei fs;gz
their business sagacity-
all sides il is hard to re lie that II required suc5
effort and 50 much sDecIal investigation On tbe
part of the Banking Department OF the State q;
NV York to convince it that such an institutoa
was really necessity When the project Wa
mOoted ths real estate boom was creeping sioyr9T
toward, but had not reached Queens
The formation and the incorporation OF this trisr
on June l that year. in Fulton street Jan1sfrz
nearly opposite the present 0t1ce building which :
at No So. the same tnorcughfare; this is tho
propertv of ths company, the lot on which IL rasfs
having been purchased for $1,000 its value to-dav
most pretentious IL the town. IS freproof ara
steel framed ofcs uiiding in the style OF the mod
ern Renaissance. -tG seven stories and basement
The exterior masonry is terra Gotta and Hnestorss
and the interior IS finished in oak with mosaic tiled
floors. The decorative effects os the BANKING s7f
Je b sot9 Of EngSh S and Ta 81 9uS NJ
h.
bronze banking screen The furniture and ali
wooden hxtures are in MAHOGANY The entire ars-
floor and basement Of tbs building OF which Nich
OIas w. Hausunan is the architect, occupied
bv the trust company on October l. 1896 arroU55
that year. The remaining i've floors. which have
thfrty-six offices, are ali occupied by high class
tenants =
The resources Of iris financial Institution. rs
steady increase of business and its firm hold on tic
confidence of the business community il serves are
in harmony with the healthy and normal growth o.
this prosperous borough. The capital and surplus
total S60o0so with than S3dc0e1a in deposits
The latter comprise some three thousand accounts
including the Long Island City and Far ROCkaway
branches Its funCtiOls are those usually under
taken by trust cOmpanieS II receives deposits and
pays interest on daily balances sdministra-
tor, executor OF trustee: serves as assignee re-
ceiver. registrar transfer agent. and takes
travellers letters of credit. viii or take loans
on collateral or mortgage and VIII secure the
guarantee OF titles. In evidence Of its conservative
character THIS statement II its prospectus may be
quoted:
This trust company also acts trustees for
corporate mortgages. supervses issues OF corporate
bonds. acts as fiscal agents for corporations and
does everything required by corporations But
this trust company Will not be responsible foT
financial deals. underwriting bonds. by which
would assume any liability We propose TO 90
safe and conservative business and 20 make this
company an institution especially adapted 20 tha
reeds OF Long Island
The officers and directors are: Frank sauier
president. former Park Commissioner OF Brooklyn.
Colonel William VI Griffith. first vice-presiGent.
former journalist and public officer secretary 70
Governor Black: John E BackUS. second yfceprss-
ident landowner and capitalist, John +. WyCkGn.
secretary and William f. WyCkofS. counsel (latte-
the senior meTnber). OF WyCkO1- Clarke < Frus-.
attOrneys-at-law. Brooklyn.
In addition 20 the above the following complets
list OF the eighteen directors is here given: James
Macbeth. retired capitalist; James g Van Seeker
attorney-ft-ltW. Manhattan. Edward l.. Frost 4
WyckofT, Clarke & Frost. Charles F. Lewis, treas
urer Of Nassau County; Frederick g Hicks. q
HerTiCk. Hicks & Colby stock brokers' Nanhat-
tan; W!ia II Young. president OF the Long Island
Bond and Mortgage Guarantee Company; William
J. Wheeler and Charles B. Wheeler. Wheeler
Brothers. successful real estate operators in
Queens; Robert v 3fathers. attorney-at-law: Az
thur : WilldiEs. with Wheeler Brothers; Robert
b Austin. dttorney-at-laW. John J. Roberts.
manufacturer. William H. Cummings. engaged n
tobacco importation. and Hon James 5. Sherman.
Init a tat