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PERTH AMBOY EVENING NEWS.
I ' VOL. II NO. 283 PERTH AMBOY. N. .1.. WEDNESDAY, JULY 1, 1903. SECOND EDITION TEMPORARY OFFICE 93 Smith St., Perth Amboy, N.J. Statement of Condition . At Close of Business, June 30t3if 1903 Condensed from Report Made to the Commissioner of Banking and Insurance of the State of New Jersey. RESOURCES. Stocks and Bonds - $ 64.000.00 Mortgages 50,7fl0 00 Loans, Demand and Time, - - - 235,700 00 Bills Purchased 101,107.18 Real Estate 5,000.00 Furniture and Fixtures - - - 3,373. 1 1 Accrued Interest ... - 2,01934 Cash on Hand and in Banks - 109.348.51 1571.248.14 LIABILITIES. Capital 100,000.00 Surplus 50,000.00 Undivided Profits - - - 3,408.07 Deposits - 416.840.07 Reserve for Taxes - - 1,000.00 $571,248.14 This Companyjransacts a General Banking Business and is a Legal Depository "" cTj t'?" City Funds INTEREST PMD ON REfiULIR CNECK ACCOUNTS At Following Rites: 2 per cent aH? $100 3 per cent Balances v, $1000 Interest Bearing Certificates of Deposit, issued payable on de mand or on fixed dates. These draw Interest from day of issue until day of payment at Special Rates. Foreign Drafts and Letters of Credit issued on all parts of the World. Checks may be certified and made payable in New York Funds when required. ON BOND AND MORTGAGE and upon APPROVED COLLATERAL and over and over Money Loaned This Company takes entire charge of Real Estate and Personal Property and acts as Trustee, Transfer agent, Regis trar and Fiscal Agent for Corporations, and as Administrator, Guardian and Trustee for Individuals. Safe Deposit Boxes for Rent in our Fire and Burglar-prjof Vault at very Reasonable Prices. SPECIAL ACCOUNTS .This Company receives Special Deposits from $1.00 up, on which interest is allowed at the rate of Three per cent per annum. The Capital and Surplus of r and the conservative Directorate of this Company affords ample SECURITY TO DEPOSITORS DIRECTORS: GARRET BROADHEAD, City Treasurer and Terminal Agent, Lehigh Valley Railroad, Perth Amboy, N. J. EVERETT L. BROWN, Real Estate, Perth Amboy, N. J. JOSEPH E. CHAPMAN, Capitalist, Perth Amboy, N. J. Hon. DANIEL C. CHASE, Terminal Agent, Pennsylvania Railroad Co., South Amboy, N. j. WILLIAM A. CONNER, General Manager, Standard Underground Cable Co., Pittsburg, Pa., and Perth Amboy, N. J. MILTON A. EDGAR, President Edgar Bros. & Co., Miners and Manufacturers, Perth Amboy, N. J. > ADAM ECKERT, Schantz & Eckert, Perth Amboy, N. J. OSCAR L. GUBELMAN, Secretary and Treasurer Commercial Trust Co., Jersey City, N. J. CHARLES C. HOMMANN, Lawyer, Perth Amboy, N. J. HENRY M. KEASBEY, Vice-President National Fire-Proofing Co., New York. EDWARD M. KELLY, Kelly & ^IcAlinden, Perth Amboy, N. J. ? WILLIAM H. McCORMICK, Merchant, Perth Amboy, N. J. JAMES C. McCOY, General Manager Raritan Copper Works, Perth Amboy, N. J. HENRY A. MAURER, Henry Maurer & Son, Maurer, N. J. GEORGE P. PUTMAN, Treasurer Perth Amboy Terra Cotta Co., Perth Amboy, N. J . GEORGE L. RECORD, Corporation Counsel, Jersey City, N. J. ROBERT S. ROSS, Vice-President Commercial .Trust Co., Jersey City. N. J. WALTER THOMPSON, General Manager Raritan I)r^ Dock Co., Perth Amboy, N. J. DE WITT VAN BUSKIRK, Treasurer Mechanic's Trust Co., Bayonne, N. J. ARTHUR L. WALKER, General Manager Americam Smelting and Refining Co., Perth Amboy, N. J. GEORGE W. YOUNG. President United States Mortgage and Trust Co., New York. OFFICERS : C. McCOY. ........ President ... A. CONNER, Vice-President R. S. ROSS, - Vice-President S. R1DDLESTORFER, - - - Secretary and Treasure, The facilities afforded by this Company for prompt and efficient handling of accounts of Banks, Bankers Corporations, Firms and Indi viduals are unexcelled, and we aye prepared to extend to our depositors every accommodation consistent .with conservative banking and a liberal policy of management. ( This company commencnd business Oct. 15th, 1902. 27 ENTRIES FOR THE RACE. Contest on the Bay Fourth of July Promises to be an In teresting Event. STARTS A TT O'CLOCK. The motor boat race under the aus picos of the Raritau Yacht Olnb has attracted considerable attention in the city and a large entry list is in tho hands of Commodore Garret Evans. Owing to the difference of the various boats in size and horse power, the race is necessarily a handicap affair, and the measuring will be done accord ing to official rules. The entries must be in by tonight, and the entrance fee, 50 cents, must be paid by each contestant before the start of the race at 1 o'clock on Satur day. The boats must be at the float in front of the club house at that hour precisely. This is because of two reasons: instructions aro to be given and to have the contest over in time for the baseball game. The boats will traverse the yacht club course of 10 miles. Tho judge is Mayor Seaman, and the referees are Conrad F. Hall, Nathaniel Pierce, and another yet to be named. The entries so far number twenty seven, and foui^ or five moie are ox pected before the list closes. The prizes have not been decided upon as yet. The entry list is as follows: Mazie, Schantz & Eckert; Three Brothers, Kress Bros. ; Wilhelm, W. P. Hartman ; Ki Ki, W. Chambers, of Tottenville; Web, G. V. Evans; Ruth, Capt. W. W. Sofleld ; Go Do, T. John son ; Kismet, W. A. Belcher ; Pasttime, J. Hanson; Anna, W. Achenbersr; Fly, J. Whitworth : Launch, W. B. Pratt: Launch, G. Hardy; Katie B. , J. Boss, Tottenville; 20 ft., Andro vetto Kries ; Trione, Dutton Engineer ing Co. ; Hereshoff, Dutton Engineer ing Co. ; Stag, C. C. Weber, Newark ; It, W. F. Cole. Tottenville; Rac qvette, Dr. H. M. Brace ; 18 ft. , Dr. H. M. Brace ; 18 ft. , Dr. H. M. Braoe ; Bessie, Keefer, Tottenville; Maggie, M. Morgan. Tottenville; Launch, R. O. Acker, Sewaren ; Launch, W. Bal lard, Sewaren ; Estelle. W. B. Luck hurst. FOR SOUTH APPROACH TO THE NEW BRIDGE. , (Special to the Evening News.) New Brunswick, July 1 At the meeting of the Board of Freeholders this morning among the bids opened were four bids for the construction of the road leadinK to the South Amboy end of the Raritan River bridge. Rue & Fountain of Old Bridge, bid $14,280.26; Moran & Sutton of New Brunswiok, bid $18,771.52, J. D. Mur ray, of the same place, bid $14,016.86, and Mr. Hurley, of Trenton, bid $15,608.15. They wore referred to the road committee and will be taken up thero at this afternoon's session. FOURTH OF JULY SAIL A party of young people and their elders have chartered tho Marianna for the Fourth of July. It is expect ed that they will sail down to Atlantic Highlands on an all day trip. The oarty numbers about thirty, most of whom are residents of the southern part of town. MR. CONARD'S FUNERAL. Tho funeral of the late L. R. Conard will be held tomorrow from his late residence, 89 Water street, Rev. J. L. Lancaster, of St. Peter's church, will ofliciato at the servico which is to be hold at 2.30 o clock. Take your doctor's proscription to Sexton's Drug Store. 7-1 REDUCES TAX RATE T0SI.77. Great Increase in Valuations ? Warrantsla Reduction in the Opinion of Officials. WAS $2.40 LAST YEAR. (Special to', the Evening News.) New Brunswiok, Jnly 1 With thcl increase of local valuations over [ 18,000,000, the tax rate of Perth Ana boy goes down. It was announced here today that the rate will be $1.77 ppr |100. Last year it was $2. 40. This is a decided decrease. In Now Bruns wick the tax rate is increased eleven points, being $2.66 per $100. The county tax and State school tax aro about five points lower this year than last. The county board yesterday after noon determined the taxes to be raised by the several townships to bo as follows: Stato School County Tax. Tax. New Brunswick.. $14, 949. 00 $62,983.00 So. Brunswick... 1,744 00 7,349.00 East Brunswick.. 1,058.00 4,456.00 No. Brunswick... 710.00 3,992.00 Cranburv 1.890.00 5,560.00 Monroe 1,180 00 4,972.00 Madison 710 57 2,995.00 Sayreville 1,731.00 7,291.00 So. Amboy 1,879 00 7.917.00 Perth Amboy 12,880 00 54,265.00 Wood bridge 4,136.00 17,425.00 Piscataway 2,589.00 10,909.00 Raritan 2,017.00 8,497.00 Dunellen 720.00 3,033.00 Helmctta 508.00 2,141.00 Jamesburg 549 00 2,311.00 Milltown 713.00 3,005.00 South River 1,045.00 4,401.00 Metuchen 1.283.00 5,406.00 Total* $61,721.67 $217,908.00 The statistics given in by the assess ors showed that there was in the county, property worth $3,864,961 ex empt from taxation. Of this amount $540,371 is for public schools, $990,700 for other school property, $1,302,890 for charitable institutions, $780,675 for publio property and $173,325 for graveyards. The total exempt property is as fol- 1 lows: 1903. 1902. New Brunswick.. $2, 098, 856 $0,107,845 Sou. Brunswick.. 31,451 27,837 East Brunswick.. 26,050 26,050 No. Brunswick... 126,500 125,500 Cranbury 42,100 42,100 Munroe 218,100 218,100 Madison 41,400 42,000 Sayreville 45,360 45,350 So. Amboy 87,700 412,000 Perth Amboy 531,155 318,000 Woodbridge 266,700 266,700 Piscataway 43,400 39,350 Raritan 49,700 49,700 Dunellen 43,000 39,000 Helmetta 27,000 27,000 Jamesburg 20,200 20,200 Milltown 28,200 28,200 South River 39,600 39,600 Metuchen 89,500 83,000 Totals $3,854,1*61 $3,957,532 Huylor's mixed chocolates in half pound and pound boxes, Sexton's Drug Store. 7-1-1 WORK HAS STARTED. The w?rk of building tho new club house for the Sociable A. 0. com menced yesterday noon by Hans Griesen, of Paterson street, to whom the work has been given on a snb con tract by Axol Wixstrom. . The foun dation, which is of brick, will be 25-60 feet. Six masons are now at work. The work will be rushed and the clnb member* hopo to be in their now home by tho first of August. F.J. LARKIN, 857 STATE Street, will do plumbing, steam, hot water aud hot air heating on monthly pay ments. FINEST TABLE BOARD . . IN TUR CITY . . * WORRELL'S 85.00 per week. 48 SMITH STREET. Aprmintc Merchants, Manufacturers, Corporations fVvbUUIIlO and Individuals Solicited - INTEREST PAID ON ) 2 per cent, on $ 500 or over DAILY BALANCES } 3 per cent, on $1,000 or over Safe Deposit Boxes to Rent at Low Rates LIBERAL . POLICY THE FIRST NATIONAL BANK XIO SMITH STREET, PKRTH AM BOY, N. J. Capital | Profits | Deposits _$l,000,000 HAMILTON r.;KBAM,.I*?wiDMT EUBBYICONABP r<il? WORK WILL CONTINUE. Sheriff Does not Fear the Ship, Young America will Get Away at Present. OFFICIALS TALK. Sheriff Garman left do one in charge of the ship Young Amerioa after he attached the hulk of that vessel, now under course of construction in the yards of the Perth Amboy Shipbuild ing and Engineering Company, the story of which proceeding was told in yesterday's News. The Sheriff has all confidence that the vessel will not walk away, and in the meantime, according to Dr. Ramsay, President of the shipbuilding company, the work of constructing the vessel will be con tinued as before, no matter what pro ceedings may take place. U. H. Eiswald, vice president and general manager of the school for which the ship is being built, was in New York yesterday when he made the following statement in relation to the seizure : "Tho school has paid to the ship builders |?5,000. It has no liabilities and with. $300, 000 of assets has suffic ient funds to pay for the ship when finished. W. E. Winant was engaged by us as architect and was discharged on April 30. He is now endeavoring to obtain a balance which he says is due him, but which we dispute." Dr. Ramsay admitted the truth of Mr. Eiswald 's statement this morning and refuted the statements of the officials of the shipbuilding company in regards to the payments. In reply to the statement given out bf the Newark counsel of Mr. Winant yesterday, that a suit was also soon to be brought against the Perth Am boy Shipbuilding and Engineering Company on a claim amounting to $12,000, Dr. Ramsay just laughed and said that he did not believe that Mr. Winant would ever dare to carry this suit to trial. The doctor laid bare much of the inside history to the News reporter which leads up to the present proceedings and which the doctor says will all come out at the trial if there ever is any. Dr. Ramsay said it is a curious fact that none of the claims now presented were ever heard of until Mr. Winant was dis charged by the Nautical Preparatory School. The suit against the shipbuilding Company Dr. Ramsay would not dis cuss for the present. Condick Brothers, of Newark, are the New Jersey counsel for the Nau tical Preparatory school, while Will ard P. Voorliees, of New Brunswick, and Judge Adrian Lyon, of this city, are looking after the interests of the shipbuilding company. Ice cream, 15 cts pint, 30 cts quart, Sexton's Drug Store. 7-1-1 HAVE ORGANIZED CONSTRUCTION CO. Special to the Evening News. New Brunswick, July 1: ? Articles of incorporation of ilie George W. Mercor Construction Company, of <59 Gordon street, Perth Amboy, were filed here today. They are incorpor ated for the purpose of purchasing land for the construction of manu factories. Tno company is capital ized at $75,000 with $2,000 paid in. The incorporators are G. W. Meroer, W. E. Tobey, Horace Crowell and Walter Meaghor. Take home one of Sexton's famous ice croam boxes, 15 cts pint, 80 ots quart. 7-1-1 TO SURPASS ALL OTHERS. Tho members of Thor Lodgo, No. 46 of the Danish Brotherhood, soy that their picnic Saturday at Union Grove, will surpass all othor picnics of that organization. The regular committee of Thor Lodge will look after the arrangements. rim best sewing machines are sold at Peder Olson 's, 86 Smith street. 6-9 to 7-e. o.d.? adv. THE PERTH AMBOY SAVINGS INSTITUTION BANKING HOURS: I SATURDAY O to 12. OTHKIt DAYS ? to ON DAY an<l SATURDAY KVEf* ' ,.NUS 7 to 8. Holidays exoe>*?d. yiiiML MORE TALK I OF TROLLEY. Woodbridge Township Commit tee Held Meeting Last Night and Discussed Franchise. APOLOGIES IN ORDER. The public hearing in the applica tion of the Elizabethport, Am boy and Long Branch Railway Company was continued before the Township Com mittee in Woodbridge last night, and after an interesting discussion the mooting was adjourned to Jnly 15. It was quickly developed in the coarse of the discussion that the trollev com pany has reached the limit as far at amendments are concerned, for Mr. Qnin said his company would refus to accept the ordinance if passed with some amendments as offered by the committee last night. Mr. Qnin was the only one present representing the company, and in stating that the company would refuse to aocept the ordinance he said the officers of the company had seen a copy of the amendments and they had tDld him they would not be accepted. There were several amendments but the one Mr. Quin objected to related to the abandonment of any part of tbe road. This was inserted to com pel the company to define their route from Carteret to Woodbridge whioh it seems had only been done partially. It was explained by Mr. Martin, counsel for the committee, that by inserting this amendment all theoom mittee wanted was to know just where the company intended to lay its tracks. Several citizens upheld the committee in their contention whereupon Mr. Quin dellverrl >, few shots to all hands, iiiCol"\rd apologized as did also some citizens for what they had said. Mr. Quinn explained that if some of the gentlemen present knew how patient both himself and the oommit tee had been in trying to reach a sat isfactory settlement, they would not say such aggravating things. Both Mr. Quinn, the citizens and commit tee alike agreed that what was want ed was a trolley from Oarteret to Woodbridge. At Port Reading Mr. Quinn said, if the company had to define the route, it would necessitate the building of a thousand foot bridge over the two railroads at a heavy expense. This, he said, the company would not do for it would compel them to leave out Sewaren altogether. Numerous other routes were then sug gested, including the oldfroad through Sewaren, and after more informal discussion the council adjourned with out taking any action. Take home one of Sexton's famous ice cream boxes, 16 cts pint, 80 cts. quart. 7-1-1 Headaches ?uicW>f, Va""h after taking our Celebrated Headache Powders ? Safe and reliable ? 3 doges for 10c ? Try them. Parisen's Prescription Pharmacy. WEATHKH. TOO HOT Tfcfc "Wo*K. AWYW/vfi i ? <=7: y The forecast received at the local Signal Station is for fair and warmer. HIGH TID] June 30 J'lyl 2 a. ni 12.25 1-25 p. m. 12.12 US 2.14 July 3 4 5 a. in. 2.28 3.34 4.36 p.m. 3.14 4 \\ 50