USA > New York > Kings County > Brooklyn > The civil, political, professional and ecclesiastical history, and commercial and industrial record of the county of Kings and the city of Brooklyn, N. Y., from 1683 to 1884 Volume I > Part 156
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64 | Part 65 | Part 66 | Part 67 | Part 68 | Part 69 | Part 70 | Part 71 | Part 72 | Part 73 | Part 74 | Part 75 | Part 76 | Part 77 | Part 78 | Part 79 | Part 80 | Part 81 | Part 82 | Part 83 | Part 84 | Part 85 | Part 86 | Part 87 | Part 88 | Part 89 | Part 90 | Part 91 | Part 92 | Part 93 | Part 94 | Part 95 | Part 96 | Part 97 | Part 98 | Part 99 | Part 100 | Part 101 | Part 102 | Part 103 | Part 104 | Part 105 | Part 106 | Part 107 | Part 108 | Part 109 | Part 110 | Part 111 | Part 112 | Part 113 | Part 114 | Part 115 | Part 116 | Part 117 | Part 118 | Part 119 | Part 120 | Part 121 | Part 122 | Part 123 | Part 124 | Part 125 | Part 126 | Part 127 | Part 128 | Part 129 | Part 130 | Part 131 | Part 132 | Part 133 | Part 134 | Part 135 | Part 136 | Part 137 | Part 138 | Part 139 | Part 140 | Part 141 | Part 142 | Part 143 | Part 144 | Part 145 | Part 146 | Part 147 | Part 148 | Part 149 | Part 150 | Part 151 | Part 152 | Part 153 | Part 154 | Part 155 | Part 156 | Part 157 | Part 158 | Part 159 | Part 160 | Part 161 | Part 162 | Part 163 | Part 164 | Part 165 | Part 166 | Part 167 | Part 168 | Part 169 | Part 170 | Part 171 | Part 172 | Part 173 | Part 174 | Part 175 | Part 176 | Part 177 | Part 178 | Part 179 | Part 180 | Part 181 | Part 182
The first officers were: Adrian Van Sinderin, Presi- dent; Hezekiah B. Pierrepont and Adam Tredwell, Vice- Presidents; Abraham Vanderveer, Treasurer; James S. Clark, Secretary; Robert Nichols, Accountant, all of whom served without compensation. The first place of business was in the basement of the Apprentices' Library, where the books were opened.
The first depositor in this, the oldest savings bank in Brooklyn, was John Bigelow, a bookbinder, who in- trusted the institution with five dollars.
The business transacted by the bank in the early years was large in proportion to the volume of trade in those days; the conservative policy of the managers inspired confidence, and the number of depositors has steadily increased, until at present it reaches 50,000.
In 1847, the corporation crected a fine brown-stone building, fifty by one hundred and ten feet, on the corner of Fulton and Concord streets. Its exterior, in the Grecian style of architecture, is chaste and elegant, while the interior decorations and fittings are equally handsome. Mr. Van Sinderin was succeeded in the presidency by Mr. David Stanford, and he in 1847 by Mr. Hosea Webster, who occupied the position until his death, June 1, 1883, aged 93 years. When he as- sumed the management of the bank, the deposits amounted to $191,000, with a surplus of $8,000. At
his death, the deposits were over $20,000,000, and a surplus of nearly $4,000,000. After Mr. Webster's death, Mr. Henry P. Morgan, who had been acting President for a number of years, was elected to the Presidency, which office he still retains. The Vice Presidents are Edward D. White and Edmund W. Corlies; Cashier, John A. Latimer; Comptroller, Felix E. Flandreau.
The Atlantic State Bank is the successor of the Atlantic Bank, which last-named institution was char- tered May 10, 1836, to continue thirty years, with a capital stock of $500,000 in $50 shares. John Law- rence, Stephen Haynes, William Hunter, Jr., Richard Cornwell and Nathan B. Morse, of Kings County, Henry T. Haynes of Queens, and Gilbert Carll of Suf- folk, were named in the act of incorporation as Com- missioners to receive subscriptions and distribute stock. Hon. Jonathan Trotter was the first President and John S. Doughty, Cashier. A brick building, with granite basement and trimmings, was erected in 1836, at 49 Fulton street, which the Atlantic State Bank now occupies. Mr. Trotter was succeeded as Presi- dent by John Schenck, and he by Daniel Embury. The Atlantic Bank was changed September 15, 1865, to the Atlantic National Bank, and continued as such until December, 1872, when its affairs were closed up, and it was suceeeded by the Atlantic State Bank, with a capital of $200,000 newly subseribed. The articles of association named the first directors as follows, viz .: Seymour L. Husted, P. C. Cornell, H. K. Sheldon, Wm. Hunter, Jr., George I. Seney, W. B. Leonard, Henry C. Murphy, John A. Lott, Cyrus P. Smith, George S. Puffer, John French, George W. Bergen and John C. Whitney. Its officers for 1883-4 are Mr. Geo. S. Puffer, President, and O. M. Denton, Cashier.
The Bank of Williamsburgh, organized February 9th, 1839, soon existed only in the records of its or- ganization, though its charter was to continue until 1940. " This bank charter," says a legal friend, " was a curiosity in its way. The capital stock was to be $100,000, with power to increase it to $500,000. All its powers were irrevocably vested in its Board of Di- rectors, the first being named as follows, viz .: Nicholas Haight, William Powers, John S. McKibbin, John Morrell and Lemuel Richardson, The Directors were each to hold twenty or more shares, to have authority to determine what number shall be a quorum to transact business, to make by-laws, etc. The stock was to be invested one half in bonds and mortgages, and the other in the public debt of the United States, or in the stock of any incorporated bank or insurance company in New York State. No director or shareholder was to be liable, in his individual capacity, for any contract, debt or engagement of the said association."
"It will readily be seen how a few speculators could manipulate such a concern, without a cash basis, and without liability. Real estate mortgages could be as-
621
BANKING AND INSURANCE.
signed at their face when really worth much less, and the stock of weak or bogus banks or insurance compa- nies would answer the charter's requirements. The bank went begging for some months for a monied president with ready cash to start the machinery. Lemuel Richardson, worthiest among the second found- ers of Williamsburgh, and the only person among them who (by reason of his modesty in his aspiration for public honors) had escaped bankruptcy, also escaped the snare of this presidency; and, in consequence, en- joyed a worldly competence for the remainder of his days. Whether the bank ever found a president or not we are not informed ; but its banking house was established at the corner of First and Grand strects, and a large gilt sign, lettered 'Bank of Williams- burgh' was displayed for a few days, and then disap- peared. Plates for bills were engraved, a few notes were printed, and it is even said that one was signed, but quien sabe ? It is one of the mysteries of our history."
The South Brooklyn Savings Bank .- In the early part of 1850, a circular was sent to prominent cit- izens in the southern part of the city, inviting them to a conference for the purpose of forming a bank for savings in South Brooklyn. An organization was per- fected, a charter obtained from the Legislature April 10, 1850, naming the following gentlemen, and their successors, a body corporate, viz .: David B. Baylis, Ira Smith, Gassaway B. Lamar, Nicholas Luqueer, Edward Dunham, Isaac H. Storms, William Spencer, John D. Cocks, James W. Pinckney, George A. Jarvis, Edmund Fish, Peter R. Anderson, John C. Riker, Francis B. Stryker, Tunis G. Bergen, George Fletcher, Richard Whipple, Edward A. Lambert, Jno. W. Taylor, Arthur W. Benson, J. S. T. Stranahan, Rollin Sanford, William Powers, John Skillman, John C. Smith, Anthony F. Ostrom. The first board of officers chosen was as fol- lows: Ira Smith, President ; David B. Baylis, First Vice-President; William Spencer, Second Vice-Presi- dent; George W. Ward, Secretary; James Robinson, Teller; John M. Taylor, Counsel.
The institution opened for business June 1st, 1850, at 186 Atlantic street. About four years later it was removed to the Athenæum building; and, soon after, the ground on the opposite corner of Clinton and Atlantic streets was purchased, and an imposing marble building erected, 40 by 90 feet, the finest in the city.
The first depositors with the bank were the Misses Julia, Anna and Catherine Taylor, daughters of John M. Taylor, of 71 State street, who left $50 each as soon as the doors were opened for business, June 1st, 1850. The oldest account now standing open on the books is No. 9, that of Amasa Wright Sanford.
The board of officers for 1883-4 is as follows: Joseph W. Greene, President; Geo. A. Jarvis, First Vice- President; J. S. T. Stranahan, Second Vice-President; Czar Dunning, Secretary; David B. Baylis, Comp- troller; F. H. Trowbridge, Assistant Secretary.
National City Bank .- This financial institution was organized November 16th, 1850, as the City Bank of Brooklyn. It began operations at No. 126 Atlantic Avenue, with a capital stock of $300,000, and with the following officers and directors: John Skillman, Presi- dent; Isaac Otis, Vice-President; R. P. Perrin, Cashier.
Directors .- John Skillman, James Van Nostrand, Gassaway B. Lamar, John D. Cocks, John Greenwood, William Spencer, Dennis Perkins, Isaac Otis, Charles Stanton, James S. T. Stranahan, John N. Taylor, Wil- liam B. Kitching, Charles Christmas, Henry Boerum, Czar Dunning. In 1862 the bank was removed to 357 Fulton street, where it has since been located. In 1864, when the National Banking Act went into effect, this institution was one of the first to comply with its regu- lations and issue the national currency. Its present officers are as follows: John J. Studwell, President; William M. Thomas, Vice-President; A. A. Rowe, Cashier.
Williamsburgh Savings Bank .- The need of an institution to receive deposits for investment led to the formation of the Williamsburgh Savings Bank, which was incorporated April 9, 1851. The original Board of Trustees comprised the following named gentlemen, viz .: Timothy Coffin, George Ricard, William Wall, Edmund Driggs, John B. Wells, Jonathan I. Burr,
SAYINGSBANK
FERGUSON ALEATT.
WILLIAMSBURGH SAVINGS BANK.
Henry P. Freeman, Nathaniel Briggs, John S. Trott, Jr., Richard Lake, Henry Oltmans, Gerhardus L. Dem- orest, Richard Ten Eyck, Chas. W. Houghton, Isaac Henderson, Samuel M. Meeker, Downing W. Graves and William McCutchen.
The first Board of Officers elected April 27th, 1851, was: Wm. Wall, President; George Ricard, First
622
HISTORY OF KINGS COUNTY.
Vice-President; Nathaniel Briggs, Second Vice-Presi- dent; Isaac Henderson, Secretary.
The bank opened for business in the basement of the Universalist Church, corner of Fourth and South Third streets, on the ninth of June, 1851. The first depositor was Richard C. De Mott, who gave his age as 33, and his business that of clerk. He entrusted twenty dollars, all in silver, to the institution. There were forty-two deposits made on the first day, amounting to $1,882. The bank prospered, and soon was enabled to remove to a fine building on the opposite side of the street. In years the surplus warranted the erection of a still finer building on Broadway, at Fifth street, which is prob- ably the handsomest banking house in the United States. Its granite exterior is massive and imposing, and is sur- mounted by a great dome. Within, the materials and workmanship are of the very best. The cost of the structure was $540,000. The first depositor, when the new bank was opened for business, June 1, 1875, was Henry H. Hall, aged one year, son of Henry Hall, Esq., and the amount was $25. The trustees and officers for 1883-4 are as follows:
Trustees .- Jonathan S. Burr, Edmund Driggs, Henry Oltmans, Samuel M. Meeker, Franklin Whiting, Joseph H. Adams, Horace M. Warren, William E. Horwill, Lucius N. Palmer, C. William Cooper, Ezra B. Tuttle, William Lamb, Jeremiah V. Meserole, Mitchell N. Packard, Abram Cooke.
Officers .- Samuel M. Meeker, President; Jonathan S. Burr, Franklin Whiting, Vice-Presidents; William E. Horwill, Secretary; John Broach, Cashier; Oliver P. Miller, Assistant Cashier; S. M. & D. E. Meeker, Counsel.
The Farmers' and Citizens' Bank of Long Island, now extinct, had an eventful history. Origin- ally started some six months after the Williamsburg City Bank, and, as a rival to the latter, its charter bore date June 21, 1852, and its capital was $200,000. It was located on the northwest corner of Broadway and First street. Charles W. Houghton was the first Pres- ident, followed successively by S. W. Lowere and Griffin W. Griffith. The cashier was O. M. Beach, a man of some experience in banking. The bank loaned some $90,000 to the Long Island Navigation Company, and lost it. In the embarrassment that followed, the eorporation undertook to liquidate by assignment to the Williamsburg City Bank, but the proceedings were set aside, and O. M. Beach was elected President. An assignment was then made to Fred. A. Platt ; an at- tempt was made to retain the eharter; but, through ex- pensive mismanagement and litigation, the effort was vain, and its affairs were wound up in 1868, even then depositors receiving 95 per cent. of their deposits. Under the Platt receivership, the question arose whether a person owing to the Bank notes not yet ma- tured could set off deposits to his credit in the Bank at the time of its failure, in liquidation of the notes. The
Special Term decided in the negative, but the General Term reversed the decision. Compromise and settle- ment prevented further litigation on this point.
The Manufacturers' National Bank of New York was organized Feb. 4, 1853, by some of the busi- ness men of the Fourteenth Ward, for their accommo- dation; and opened for business April 19, 1853, at No. 18 'Grand street, under the name of the Mechanics' Bank of Brooklyn, with a capital stock of $250,000. Ex-Mayor Martin Kalbfleisch was its first President, and was afterwards succeeded by Grahams Polley, James D. Sparkman, Charles H. Fellows, George Mahon and John M. Furman. The original board of directors contained Andrew B. Hodges, Aaron C. Un- derhill, Martin Kalbfleisch, John Debevoise, Edwin A. Johnson, Mills P. Baker, Grahams Polley and Minor H. Keith. In 1865, by act of Legislature, the bank was removed to New York, at the instance of Mr. Spark- man, who was then president; and was reorganized as a National Bank, under its present title, the Manufac- turers' National Bank of New York. It was first lo- cated at the corner of Front and Pine streets, and afterwards in Brown Bros'. building, on Wall street. Business failures in 1867 caused the bank to pay off its depositors, and return to its former location at 64 Broadway, Brooklyn, having procured an act of Con- gress for its removal. Its present capital is $252,000. The present officers are John M. Furman, President; John Loughran, Vice-President; T. C. Disbrow, Cash- ier; James T. Fountain, Assistant Cashier.
The Brooklyn Bank was reorganized in 1859, with a capital stock of $300,000, and the following directors : John Blunt, Sidney Cornell, R. B. Duyekinck, John Laidlaw, John Sneden, E. D. White, P. S. Henderson, Thomas Messenger, H. P. Morgan, Daniel A. Robbins, James How, G. A. Thorn, and Thomas Clark. The first President was Thomas Messenger, with E. D. White, Vice-President, and Henry E. Henderson, Cashier. It occupies a two-story, iron-front building, at the corner of Fulton and Front streets, in the oldest business cen- tre in the city. Its officers for 1883-4 are as follows: Elias Lewis, Jr., President, and H. E. Hutchinson, Cashier.
Nassau National Bank .- The charter of the Nas- sau Bank bears date February 1st, 1859. Its capital stock was $300,000; its location at No. 8 Court street, in the building owned by A. A. Low. I. H. Froth- ingham was the first President, and Crawford C. Smith the first Cashier. The board of directors was as fol- lows: Wm. H. Cary, E. H. R. Lyman, John T. Mar- tin, John Dimon, A. M. White, I. H. Frothingham, Moses F. Odell. The institution was made a National Bank, December 1, 1864. The officers for 1883-84 are as follows: Crawford C. Smith, President; Edgar T. Jones, Cashier.
The Kings County Savings Institution was chartered April 10, 1860. The act recites that William
1
623
BANKING AND INSURANCE.
Marshall, William A. Cobb, John Loughran, John M. Furman, Jonathan H. Stanton, Andrew B. Hodges, Fred. Scholes, Henry E. Ripley, Thomas C. Moore, Thomas W. Field, Charles H. Fellows, George C. Ben- nett, Jacob Zimmer, John Schneider, George B. Magrath, Jeremiah Johnson, Jr., and their successors, shall be a body corporate under the above title. Busi- ness was carried on for the first seven years in the east part of Washington Hall, when a lot was bought on the corner of Broadway and Fourth street, and a fine building, of freestone, 45 feet front, and 82 in depth, was erected at a cost of $100,000. The first board
KINGS COUNTY SAVINGS INSTITUTION.
of directors was composed as follows, viz .: Thomas C. Moore, James Hall, Jacob Zimmer, James S. Bearns, Andrew B. Hodges, Wm. A. Cobb, John Loughran, George B. Magrath, George C. Bennett, Peter Murray, Henry M. Bearns, Henry E. Ripley, Fred. Scholes, Charles Schneider, Wm. Christal, and John T. Williams. The first officers were Thomas C. Moore, President; James S. Bearns, Secretary. The officers for 1883-4 are as follows: James S. Bearns, President; George L. Fox, First Vice-President; Geo. C. Bennett, Second Vice-President; Richard G. God- inan, Secretary; Jacob Hentz, Cashier.
The Dime Savings Bank of Williamsburg .- This institution began operations June 1st, 1864, in the basement of the First National Bank Building, at the foot of Broadway. A few years later it removed to the north side of Broadway, at Nos. 3 and 5, where it re- mained until April 29, 1873, when it removed to its own building, of handsome stone, at Broadway and Second street. Its first trustees were Messrs. Geo. B. Smith, Jas. Boughton, Wm. Marshall, Silas W. Brain- ard, Peter M. Dingee, Wm. M. Raymond, Jos. R. Thomas, Geo. Nichols, Jas. Forster, Edward Burcham, Isaac Bamber, Fred. Nishwitz, Adam Craig, John R. Jurgens, Solomon L. Hull, Adolphus E. Jacobson, Henry Hannon, Robert Butcher, Sigismund Kauf-
mann. The first officers were Wm. W. Armfield, Pres- ident; Geo. W. Kelsey and C. E. Bertrand, Vice- Presidents; Wm. Grandy, Secretary. The officers for 1884 are Geo. W. Kelsey, President; Gilson I. Totten, James Boughton, Vice-Presidents ; William Grandy, Secretary.
The German Savings Bank was chartered April 20, 1866, and organized on the 30th of the following June. It was intended more especially for the accom- modation of the Germans, who as a class are noted for thrifty habits. Its first place of business was at 92 Montrose avenue. The original officers were Jacob Rosengarden, President ; John Raber and F. W. Kalbfleisch, Vice-Presidents, and Geo. S. Bishop, Cashier; the first board of trustees comprised the fol- lowing: Joseph Wilde, Geo. H. Fisher, Thomas Cotrell, Wm. Broistedt, John Wills, John Raber, J. A. G. Comstock, Francis Swift, Geo. Distler, Carl Wittmann, Frederick Fries, Edward Roehr, L. Zechiel, Jacob Fint, F. W. Kalbfleisch, Edward H. Jones, J. Rosen- garden, Herman Thieme, J. Wygand, J. J. Hallenbeck. The bank soon outgrew its old quarters, and a fine briek building, with free-stone trimmings, was erected on the corner of Broad way and Boerum street ; the main room is large, handsomely finished, and lighted by seven immense plate glass windows. The new build- ing was occupied on Sept. 17, 1875. The bank's suc- cessive presidents sinee Jacob Rosengarden have been John Raber, William Diek, and the present incumbent, Charles Naeher. For 1883-4, John Wills and Wil- liam Diek are Vice-Presidents, George S. Bishop, Cashier, and Geo. H. Fisher, Counsel. The deposits are $1,500,000, securely invested, in accordance with the stringent laws of New York State.
The Germania Savings Bank .- An aet of ineor- poration, passed April 19, 1867, begins thus :
SECTION 1. Eduard Unkart, Hermann Ackermann, John G. A. Vagt, Theodore Happel, Richard Forstmann, Oscar Strasburger, Carl C. Recknagel, W. G. Taaks, F. A. Schroe- der, D. Westfall, U. Palmedo, August Siburg, Friedr. Hitzel- berger, John Ruck, Wm. D. Veeder, Aug. Kurth, Richard Barthelmess, Geo. Tiemann, J. Von Auw, F. A. Stohlmann, J. E. Stohlmann, J. K. Limburger, Emil Magnus, S. Zol- linger, P. W. Weitzel, Henry Schütte, Theodore Jünke, S. W. Boden, C. G. Giebel, Martin von Hagen, Francis Kayser, and associates, and their successors, shall be and they are hereby constituted a body corporate and politic, by the name of "Germania Savings Bank, Kings County," and by that name shall have perpetual succession, and may sue and be sued in any courts of this State.
Frederick A. Schroeder was the first President, and has continued to fill the position since. The bank opened for business at 375 and 377 Fulton street, on City Hall Square. The Board of officers for 1883-4 is here given, viz .: Frederick A. Schroeder, President ; Charles Garlichs, First Vice-President ; Ludwig Sem- ler, Second Vice-President ; Julius Lehrenkrauss, Treasurer ; Herman Geiling, Secretary ; F. Koch,
624
HISTORY OF KINGS COUNTY.
Cashier: Counsel, William D. Vceder: Trustecs, E. W. Fischer, Charles Garlichs, Augustus Kurth, R. Lauer, Julius Lehrenkrauss, Herman Lins, H. C. Mangels, Dr. H. J. Menninger, E. Muldener, J. W. Rasch, P. H. Rep- penhagen, H. E. Sackmann, Fred'k A. Schrocder, Lud- wig Semler, William D. Veeder, Otto Witte, G. A. Jahn.
The Greenpoint Savings Bank .- This institution, the oldest in Greenpoint, was incoporated in 1868, largely through the efforts of Messrs. A. K. Meserole, T. F. Rowland, T. C. Smith, and T. D. Jones; it com- menced business January 11, 1869, at number 94 Frank- lin street. Its first Board of Officers was as follows : A. K. Meserole, President; W. M. Mcserole, N. P. Bailey, Vice-Presidents; Robert J. Whittcmore, Secre- tary. The trustees were: A. K. Meserole, Neziah Bliss, W. M. Meserole, A. M. Bliss, D. D. Boyce, Geo. S. Barton, C. Von Bergen, N. S. Bailey, S. S. Free, Carl Feitzinger, A. J. Hennion, T. D. Jones, P. C. Ingersoll, C. H. Koch, J. Moore, A. Metz, C. Olandt, W. H. Peer, T. F. Rowland, F. S. Strcet, G. H. Stone, T. C. Smith, E. F. Williams, G. W. Watts, J. W. Valentine. The first depositor was the President, A. K. Mescrolc, who placed $100 in care of the bank. The line of deposits has steadily increased, until, at the close of 1883, the aggregate is $1,250,000, left by 5,500 depositors. The first President was succeeded, in 1870, by Wm. M. Meserole, who died in 1873; E. F. Williams was clected in his place, but resigned in 1880, and was followed by Timothy Perry, the present incumbent. The other officers for 1883-4 are: H. E. Talmage and E A. Walker, Vice-Presidents, and Robert J. Whittcmore, Secretary.
Commercial Bank .- In 1868, the business men of the eastern part of Brooklyn felt the nced of a bank in that locality. Prominent among the movers to estab- lish such an institution were: Thomas D. Hudson, James Binns, Job Johnson, Hermon Phillips, Alexan- der Underhill, Rufus Resseguie, George Wilson, George Kelsey, Giles P. Glass, William Boger, Joseph Butler, E. B. Cooper, John Ward. An organization was perfected, and a charter obtained July 13, 1868, for a bank to be known as the Commercial, and the above-named gentlemen were chosen to be the first directors, with Thomas D. Hudson, President, Giles P. Glass, Vice-President, and John J. Vail, Cashier.
The capital stock was $180,000 ; the banking house was located at the corner of Bedford and Myrtle Ave- nues. After a few years, owing to business changes, the bank was removed, May 20, 1874, to 16 and 18 Court Street, and again May 11, 1876, to its present location, No. 363 Fulton. Its capital is now $108,000, and its directors and officers for 1883, as follows : Directors : Thomas D. Hudson, D. W. Binns, Job Johnson, Rufus Resseguie, James Lock, George Wilson, Seth L. Keeney, William Boger, Hermon Phillips, Robinson Gill, George Malcom, Elbert Sne-
deker, Benjamin Linikin. Thomas D. Hudson, Presi- dent; J. J. Vail, Cashier.
The East Brooklyn Savings Bank is largely due to the efforts of Samuel C. Barnes, Esq., an old resident of the Wallabout; he was a public school teacher from 1835 till 1869. He interested others in providing a place of deposit where the working classes might invest their earnings, and be encouraged in thrift and economy. Accordingly, the East Brooklyn Bank was incorporated April 17th, 1860, and opened for business the following year, on Myrtle avenue, near Franklin. The first President, Stephen Crowell, served from 1861 to 1879, when Hon. Darwin R. James suc- ceeded, and still retains the office. Samuel C. Barnes was the first treasurer, serving from 1861 till his death in 1873, at which time his son Eugene F. Barnes, Esq., was clected to the position, which he still retains. The first directors were as follows: William A. Brush, John Clark, James W. Hutchens, Hosea O. Pearce, Edward T. Backhouse, Joseph Oliver, James E. Phelps, John M. Phelps, James M. Green, James Lock, Stephen Crowell, Richard Olmstead, Edwin H. Mead, Elisha S. Young, Samuel C. Barnes, Henry Tinken, Thomas D. Hudson. The first depositor was Samuel C. Barnes, who showed his faith by his works, and left $500 with the new institution.
The bank has a fine brick building at the corner of Myrtle and Franklin avenues. The officers and trustees for 1883-4 are as follows : Darwin R. James, President; Thomas D. Hudson and Hosea O. Pearce, Vice-Presidents ; Alexander Hutchins, Secretary ; Eugene F. Barnes, Treasurer. Trustees : Darwin R. James, Hosca O. Pcarce, James Lock, Robert Porter- field, P. F. O'Brien, Jno N. Loughi, E. J. Jennings, Thomas D. Hudson, Daniel A. Eldridge, Wm. Charters, Alexander Hutchins, Charles A. Peck, Thomas J. Atkins, George J. Collins, Lester W. Beasley, and R. J. Owens.
The Fulton Bank of Brooklyn .- This bank started January 1st, 1870, at the corner of Fulton and Oxford streets, with a capital stock of $200,000, but within a year, moved down to its present location at 361 Fulton street. The first officers were Alexander G. Johns, President ; and John A. Nexsen, Cashier ; the Directors were Julian Allen, James Carey, John E. Eitel, Edward Hawcy, Alexander G. Johns, Thomas Kinsella, Daniel McCabe, Jos. J. O'Donohue, Stephen M. Reeve, John Wilson, and Stewart L. Woodford.
In December 1876, John Williams was chosen President; Wm. H. Hazzard, Vice-President, and John A. Nexsen was continued at the cashier's desk.
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.