USA > New Jersey > Essex County > Newark > Historical sketch of the city of Newark, New Jersey; > Part 3
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THE NEW CONTINENTAL HOTEL.
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THE MEN CONT RENTAL HOTEL
NEWARK. NEW JERSEY.
sought to lighten the burden of the responsibility and management by associating in partnership with himself his son-in-law, Mr. Louis E. Cooke.
The firm became C. H. Bartlett & Co in 1890.
The late Mr. Bartlett was a native of Pennsylvania and acquired valuable experience as a hotel keeper in that State. He died December 15, 1901, and was succeeded by his son-in-law, Mr. Louis E. Cooke.
Mr. Cooke, the present proprietor, is a bright, active, enterprising young business man of cosmopolitan educa- tion and experience. and has for years been closely con- nected with Messrs. Barnum & Bailey's " Greatest Show on Earth. " Sells Bros. & Forepaugh Shows, and is gen-
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HISTORICAL SKETCH CITY OF NEWARK
eral agent for Buffalo Bill's Wild West Shows. He is a gentleman of most genial disposition, always attentive to the comfort and welfare of his guests, and in this way makes their stay at the Continental homelike and eheer- ful. Mr. Cooke's connection with travelling shows neees- sitates his absence from Newark the greater part of the year, and during that time he intrusts the eare and eom- fort of the hotel's guests to Mr. Charles J. Coon, whose long experience in hotel managing makes him an able deputy.
The hotel has very lately been remodeled and pre- sents a handsome exterior and is most elegantly fitted up throughout.
It contains every modern improvement and is thor- oughly up-to-date, comparing very favorably with the majority of hotels in the country. There are 100 rooms, well ventilated and comfortable, while nothing has been omitted to facilitate escape in the event of fire.
A large force of assistants is employed who are trained to be polite, prompt and to give first-class service. On the first floor are the office, baggage room, kitehen and scullery ; the dining room, comfortably seating one hundred and twenty persons, and the café.
The cuisine has a high reputation amongst the best classes, and all the delicacies of the season are to be found on the table.
On this floor will also be found the telegraph and telephone offices and the eigar stand.
The hotel parlor occupies the second floor, the bal- ance of which, as well as the upper floors, contains the sleeping rooms en suite and single. Communication with the office is had by bell ealls and annunciators, hot and cold baths are always available, and the other comforts and convenienees combine to make the Continental what it really is, the best hotel in Newark.
COLEMAN'S NATIONAL BUSINESS COLLEGE.
The selection of a business college in which to train the minds of young folks and fit them for the struggle of a business career is not by any means the least of a parent's responsibilities.
All kinds of inducements are held out to the un- wary-such as "short course," "low rate " and the like-and it is often a very difficult problem to determine upon a correet selection. But with the axiom in mind
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that " the best is the cheapest," the Coleman National Business College of Newark, N. J., one of the most relia- ble establishments in the United States immediately com- mands attention.
No school can be better as regards accommoda- tions, improvements, scope and character of edu- cation imparted, rapid progress under a competent staff of efficient teachers, and a fairly well-grounded certainty of not only securing remunerative employment after graduation, but also of being perfectly competent to discharge the duties of any commercial position.
Other institutions lay claim to these points, but it is certain that they exist in "Colemans," hence the selection. It is better to be sure than to take assurances.
The Coleman National Business College was incor- porated by an act of the Legislature of the State of New Jersey in 1876 and in 1888, the incorporators being Hon. Marcus L. Ward, ex-governor State of New Jersey ; Hon. F. W. Ricord, ex-mayor of Newark; Hon. T. B. Peddie, ex-mayor of Newark ; Silas Merchant, Esq., presi- dent Merchants' Fire Insurance Co .; S. R. W. Heath, Esq., president Firemans' Insurance Co .; John P. Jack- son, Esq., attorney-at-law, Newark.
Mr. H. Coleman, the president, who gives his close personal attention to all details, is a teacher of very high attainments and possesses marked educational and ex- ecutive ability, as well as a conscientious regard for the full and faithful performance of all he undertakes to do.
Thousands of male and female students have found positions through the Coleman College, which must be regarded not merely as a fountain of information, but also as a stepping-stone to position and competency. Not only are principles and methods inculcated, but the prac- tical application of these are taught in all their varied forms. The currency and merchandise used in the classes are real and every transaction is conducted as though it was actual business, while all the students are impressed practically with a keen discernment between profit and loss. The student in the Coleman College is a clerk, an accountant, bookkeeper or salesman while in class, the transactions being so real that the student actually feels that he is engaged in business rather than in study. He is a retail or wholesale merchant, buying, selling, receiving and consigning goods to be sold on commission and joint account ; he is a broker, insurance agent, real estate agent, and also performs the duties of
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the various offices of the bank: in a word lie gets a full training in the working of the various callings, and after graduation is exceptionally equipped with knowl- edge which fits him for almost any position to which he may aspire. He is equally at home in all callings, his natural ability has been developed, and he comes into the business world not a shy and easily abashed school boy, but a youth confident in his own fitness and fully em- bued with all the elements of self-reliance.
The faculty is composed of teachers of wide experi- ence, ability and acknowledged reputation. The halls are spacious and well equipped, being fully supplied with all the necessary modern appliances for carrying out suc- cessfully this system of instruction, and are the best ventilated and most healthy classrooms in the State. Young ladies enjoy the same privileges and advantages as are accorded to male students.
The curriculum includes the science of accounts, cor- respondence and bookkeeping. English composition, or- thography, penmanship, arithmetic, commercial law, stenography, typewriting. telegraphy, etc.
For stenography and typewriting this is one of the best schools of its class in the United States. Students can always rely upon making rapid progress here and are certain of acquiring a thorough business education far superior to that afforded elsewhere, al- though obtained at a very moderate cost. Mr. Coleman is a native of Whitehall, N. Y., and at one time held the very responsible position of principal of the Poughkeep- sie Business College. He has had nearly forty years' ex- perience in college work and is to-day one of the fore- most and most systematic organizers in America. He is delighted to receive visits from educators, parents, and guardians and others interested in the future wel- fare of the youth of the country, and is at all times happy to explain his system and show evidence of the success of his former students. This he regards as the most convincing evidence of the merits of his tuition. The college journal and annual catalogues will be mailed promptly to any address upon application.
The college now occupies the entire upper portion of the Straus Building at Halsey and Academy streets. and is the largest business college in the State.
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DRAKE & COMPANY.
Patent soliciting is an iportant business in a large manufacturing city like Newark, and foremost among patent solicitors is Drake & Co., whose offices are at 172 Market street on the southwest corner of Broad. The business was established in 1864 by Mr. Oliver Drake. In 1879 Mr. Chas. H. Pell. the present head of the firm. became connected with the establishment. Mr. Pell is a native of New York City, but on his mother's side is a descendent of one of the oldest families of Newark. His ability and success as a patent solicitor is generally recognized. The firm gives careful attention to the preparation and prosecution before the United States Patent Office of applications for patents and trademarks. reissues, copyrights, etc. They make careful prelimi- nary examinations as to the patentability of an inven- tion. They attend to cases of interference, appeals, and to every other item of service necessary to the complete success of an application and the establishment of a patent. Messrs. Drake & Co. are ably represented in Washington. D. C .. and have correspondents in all the principal capital cities of Europe. They give special attention to cases before the United States Courts. and their facilities for obtaining and defending both Ameri- can and foreign patents are not outelassed by any prac- titioners in the country.
NATIONAL STATE BANK.
The second oldest banking institution in the city of Newark is the National State Bank, corner of Broad and Mechanic streets, which was founded in the year 1812. The Council and General Assembly of the State of New Jersey on the 28th of January, 1812, passed an act incorporating "State Banks," at several towns, in- cluding Newark, and limiting the capital stock of the State Bank at Newark to four hundred thousand dol- lars, and appointed the first directors, William S. Pen- nington, Aaron Munn, Isaac Andrus, Oliver Wade, John Alling, Smith Burnet, Moses N. Combs, Stephen D. Day, Martin J. Ryerson, Abraham Ackerman, Isaac Pierson, James Vanderpool and Job S. Dodd. The first meeting was held on the Sth of February, 1812, when William S. l'ennington was chosen president and Caleb S. Halsted was appointed cashier. The lot on which the banking house was built on the corner of Broad and Mechanic
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streets was purchased from Luther Goble July 14, 1812, for twenty-eight hundred dollars and an additional lot in the rear (on Meehanie street ) was purchased from Seth Woodruff November 9, 1813, for three hundred and ten dollars. They immediately built upon the site and on March 3, 1813, occupied their new building, which had cost four thousand and twenty-five dollars to build. The first dividend was declared April 1, 1813.
In 1868 the bank ereeted a new home on the site of their old building, which at that time was considered to be one of the handsomest and most substantial office buildings in the city. In 1865 it received its charter under the National Banking Aet and adopted its present designation. The bank conducts a regular banking business, making loans and discounts, receiving deposits, making eolleetions, ete., having cor- respondents in other large cities. The executive officers of the bank are James F. Bless, president; Wm. Rock- well, cashier, and Wm. I. Cooper, assistant cashier. In addition to the first two mentioned above the Board of Directors is as follows : John P. Jube, Marcus L. Ward, E. Luther Joy, S. T. Willcox, Albert B. Carlton, W. Campbell Clark, and William B. Kinney.
The following is the latest statement of the bank, dated July 16, 1902 :
Resources : Loans and discounts, $1,245,909.76 ; U. S. bonds (circulation), $50,000.00; other bonds, etc., $729,- 000.00; overdrafts, $184.82; due from reserve agents, $442,608.65; due from other banks, $622,093.38; banking house, $100,000.00; checks and other cash items, $42,- 678.98; specie, $137,383.05; legal tender notes, $12,- 060.00; redemption fund, $2,500.00; total, $3,384,418.64.
Liabilities: Capital stock, $500,000.00; surplus, $250,000.00; other undivided profits (net), $159,462.00; circulation, $50,000.00; dividends unpaid, $250.00; in- dividual deposits, $2,345,565.89; due to other banks, $79,140.75; total, $3,384,418.64.
This shows a prosperous state of affairs alike grati- fying to shareholders and depositors.
THE NATIONAL NEWARK BANKING COMPANY.
The National Newark Banking Co. is the oldest bank in the State of New Jersey and ranks among the highest as to capital stock, surplus, and undivided profits and in the aggregate of business transaeted. It is an old and
.
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HISTORICAL SKETCH CITY OF NEWARK
time-honored institution, having been founded in the year 1804 by the early capitalists and business men of Newark, and from that time to the present day it has ranked among the most solid and responsible institu- tions of the State.
Their present commodious and well located offices at 759 Broad street are to be remodelled and newly fitted up, during which time they will occupy offices on Broad street corner of Clinton st, now being fitted up espe- cially for them. Their new offices, which will be located
BROAD AND BANK STREETS, 1856 " NEWARK BANKING AND INSURANCE CO.'S FIRST BUILDING
in the building they now occupy, will be fitted up in modern style, provided with all requirements and con- veniences for banking purposes. Recently the Newark City National Bank united with it, increasing its capital stock and resources and it is officered by the most reliable and sagacious men from both institutions. The follow- ing is their latest statement, dated July 16, 1902:
Resources : Demand loans, $1,389,498.09; loans and discounts, $3.578,185.71; U. S. bonds to secure circula- tion, $100,000.00: stocks. securities, etc., $337,100.00;
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HISTORICAL SKETCH CITY OF NEWARK
reserve agent, $1,052,246.74; due from other banks, $463.037.82 : cash and cash items, $488.868.67 ; Treasurer U. S., $5,000.00; Banking House, $60,000.00: other real estate. $74,275.00; total, $7,548,212.03.
Liabilities: Capital stock, $1.000,000.00: surplus fund, $500,000.00: undivided profits, $515,013.12: cir- culation outstanding, $99,397.50; dividends unpaid, $2,771.50: deposits, individual. $4,559,713.00; deposits, banks, $871,316.91; total, $7.548,212.03.
This is a truly splendid showing which evidences the fact that the bank is among the most solid and re- sponsible in the State. The present officers of the bank
GROCER
FEA DEALER
CONGERS
BROAD STREET FROM ACADEMY TO BANK STREETS 1865, NATIONAL NEWARK BANKING CO.'S SECOND BUILDING.
are E. S. Campbell, president; David H. Merritt, vice president: Albert H. Baldwin, second vice president. and H. W. Tunis, cashier. The bank transacts a regular banking business, making loans, discounts, receiving de- posits, attending to collections. etc., having connections in all principal cities. In addition to the above named gentlemen, the board of directors is made up as follows : James R Sayre, Jr., Charles G. Rockwood, Eugene Van- derpool, Jas. A. Banister, Fred'k Frelinghuysen, H. T. Brumley, Franklin Murphy, Jas .. P. Dusenberry, F. Wol- cott Jackson. Samuel S. Dennis, James C. McDonald, J. O. H. Pitney, Edward L. Dobbins, Elias O. Doremus,
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HISTORICAL SKETCH CITY OF NEWARK
Matthew T. Gay, James S. Higbee, James M. Seymour, C. Edwin Young. These well-known names are entitled to be regarded as synonymous of commercial probity and sagacity, and their connection with the bank gives it a foremost position among the sound and well-managed banks of the State, and insures an increasing and wider range of usefulness in the future.
MERCHANTS NATIONAL BANK
The Merchants National Bank is entitled to rank among the best managed and reliable fiduciary institu- tions of this State. Its career has been one of most creditable character, alike conducive to the financial wel- fare of its stockholders, depositors and customers. The capital stock is $200,000.00 which is backed with a sur- plus and undivided profits amounting to $220,000.00, a very creditable showing. Their deposits and seeurities and loans run into large amounts. The Merchants Na- tional Bank was instituted in the year 1871. The presi- dent at the present time is Edward Kanouse; Joseph M. Riker is vice-president and Jay S. Treat is cashier. In addition to the above officials the board of directors in- clude the following : Wm. A. Ripley, Jos. F. Sanxay and John F. Dryden, prominent business men and capitalists, assuring the fullest confidence. The bank transacts a regular banking business, receiving deposits, making loans, discounts and collections, and has reliable cor- respondents at leading financial centers. This institu- tion solicits the accounts of merchants, farmers, manu- facturers and individuals, and places every legitimate convenience and inducement at their disposal. The bank has always been noted for its prompt and energetic, yet conservative management and has done its full share during its career toward the welfare and advancement of the city.
NORTH WARD NATIONAL BANK.
The eye of the stranger will be most strikingly at- tracted by the elegant building in which the above bank has its commodious quarters, and which stands unrivaled among the business quarters of its section in Newark. This bank was organized in the year 1873, and has man- aged its affairs in a prompt and energetic, yet conserva- tive manner, until to-day it ranks among the foremost banks of the city. The following statement was made
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HISTORICAL SKETCH CITY OF NEWARK
July 16. 1902, and shows the prosperous state of affairs so gratifying both to shareholders and depositors and which its directors should feel most proud of.
Resources : Loans, discounts and investments, $1,- 365,948.72 ; overdraft, $499.38; U. S. bonds to secure cir- culation. $50,000.00 : premium on U. S. bonds, $2,000.00; banking-house, furniture and fixtures, $83,000.00; due from banks other than reserve, $146,173.07; nickels and cents. $727.67: National Bank bills, $18,112.00; ex- changes. $38,710.43; cash items, $12,437.54. Lawful re- serve : Specie, $50,168.75 ; legal-tender notes, $63,090.00 ; redemption fund (5 per cent.) with U. S. Treasurer, $2,500.00; due from reserve banks. $393,642.89. Total resources, $2,227.010.45.
Liabilities: Capital stock. $200.000.00: surplus fund, $100,000.00; undivided profit (net). $125.535.23; National Bank notes outstanding. $49.500.00; dividend unpaid. $20.00. Deposits: due to individuals, $1.451 .- 779.88: due to banks. $300,175.34. Total liabilities, $2,227.010.45.
The present executive officer's of the bank are John W. Lushear, president : George Lane, vice-president, and Spencer S. Marsh, cashier. The two first named gentle- men, in conjunction with Messrs. William Titus, Jos. M. Smith, Wm. H. Lee. J. Ward Woodruff. Alfred F. Bannister, Henry M. Doremus, Edmund F. Hartshorn, John M. Breingan, Peter D. Smith. form the board of directors. On March 1st last the bank added a savings department for the convenience of its patrons, which pays three per cent interest on money banked in this department. The bank also intends instituting a new burglar and fireproof vault within a few months, con- taining small safes, to be rented to patrons who wish to keep their bonds or valuable papers in a place secure from burglars or fire and yet under their own keys. When this is done the North Ward National may boast of as full and complete an institution as exists in this or other cities. Concluding. it may be said that beyond question the influence of this institution has been of a most salutary character and its work for good has ma- terially enhanced the general prosperity and thrift of the community in which it is located.
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T. P. HOWELL & CO.
No doubt the widest known products of Newark's many manufacturing enterprises is patent and enameled leather. and one of the best known producers of this article is T. P. Howell & Co., whose factories are located on New, Wilsey, and Nuttman streets. This business was begun by S. M. and T. P. Howell in 1840, at the corner of Market and Washington streets. where the firm re- mained until 1848. when it removed to its present loca- tion, which was at that time outside the city limits. In 1855 the firm was re-organized into the corporation which carries the present name, and since that time the establishment has become one of the largest in the world in that line of manufacture. England, Germany, and other countries are large consumers of this firm's products. Extensive works were also erected by the company at Middletown, N. Y., for the manufacture of Russian and other leathers. Mr. Howell gave to it his personal attention, employing telegraph much the same as the telephone is now used.
Upon the death of Mr. Howell December 3. 1878, Samuel C. Howell succeeded him as the executive head of the firm, which position he still occupies. His brother, Henry C. Howell, was associated with him up to the time of his death, which occurred January 11. 1900. The establishment is one of the oldest in the world and its product is recognized as "standard" among all con- sumers.
S. E. M. RICE.
Paint properly bestowed transforms that which is ugly and repellant into something that is restful. beau- tiful and satisfying. As all other things it varies in grade and quality, and is possessed of transient or dura- ble characteristics, and it goes without saying that its cost fluctuates much as does its quality. It is true, how- ever. that some houses, owing to the tact of its manage- ment. superior facilities. etc .. are enabled to give to their customers a much higher grade of goods at the same cost than others who are less fortunately circumstanced. Such a house as is above described is S. E. M. Rice, hav- ing its distributing warehouse at 554 Broad street. It was established more than a half century ago, or, to be precise, in the year 1833. by the late John W. Rice, who by his probity and liberality, built up a wholesale and retail business second to none in the city. He was fore-
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HISTORICAL SKETCH CITY OF NEWARK
most among the business men of the place until his death in 1879, when he was succeeded by John W., his son. The same principles that actuated the father were perpetuated in the son and the business expanded with the growth of the city. Eleven years later, in 1890, John W. the second passed away, and Mrs. S. E. M. Rice, his widow, continued the business, J. N. Hoff assuming its active management. Under his able administration of the firm's affairs the business has continued to pros- per until the mention of paint at once associates with it the name of S. E. M. Rice. The firm is progressive and aggressive, and while it welcomes competition it feels certain it will get its full share of business. It handles everything in the line of paints, oils, varnishes, brushes, etc.
DOONER & SMITH.
Dooner & Smith, 374-378 Mulberry street, occupy a well located store at the above address, where they carry a complete line of paints, oils, varnishes, acids, and chemicals. This house does not deal in specialties of any kind, but carries a large supply of tested and world famed goods in its line. The firm is composed of James J. Dooner and Albert J. Smith, both men of good qualifications and character, and enjoy an extensive patronage. Their trade covers not only Newark, but ex- tends to the surrounding territory. The firm recently built new buildings for their growing business and have now very convenient quarters. The trolly line through Mulberry street makes access to their store very con- venient and adds to their transient trade. Messrs. Dooner & Smith enjoy the full confidence of the com- munity and their business is an important adjunct to the business conveniences of the locality.
THE JAENECKE PRINTING INK CO.
The Jaenecke Printing Ink Co., of Newark, N. J., whose factory is situated between Avenue B and Wright street and Avenue C and Miller street, comprising this entire block, 700x200 feet, is a corporation, incorporated under the laws of the State of New Jersey, with a capital stock of $600,000. Mr. Edward Jaenecke, the son of the senior member of the firm of Jaenecke Bros. & Fr. Schneemann, in Hanover, is president and general manager, and Mr .. Franklin Kissam is secretary and' treasurer.
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The principal stockholders are the members of the parent house of this firm, Jaenecke Bros. & Fr. Schnee- mann. in Hanover, Germany, who have, besides their immense plant in Hanover, a large factory in Moscow, Russia, with branches in all the principal cities of the world.
The firm of Jaenecke Bros. & Fr. Schneemann was founded in 1843, and introduced their inks in the United States of America in 1870. The superiority of these inks was quickly recognized by the printing fra- ternity, and as a natural consequence a large and ever increasing trade was built up, so that it became neces- sary in 1892 to transplant the knowledge, the ability and the experience of over half a century, and erect a . large factory in this country with all modern appli- ances, for the manufacture of printing and lithographie inks, dry colors and varnishes.
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