of this great change and growth than is presented in the records of the Trust Company of New Jersey. It is only twenty-five years ago since four men, schoolmates in their youth, A. P. Hexamer, Henry Mehl, John Mehl, Jr., and William C. Heppenheimer met in the office of Russ & Heppenheimer and organized the People's Safe Deposit and Trust Company. That was in the spring of 1896, and a bank was established at the corner of Hutton Street and Central Avenue, Jersey City, as Main Office, with a branch in the Town of Union. The venture was a success from its inception, as is evidenced by the first statement issued by the bank, covering the nine months ending December 31, 1896:
Capital $100,000.00.
PEOPLE'S Safe Deposit and Trust Company,
COR. CENTRAL AVENUE & HUTTON STREET,
JERSEY CITY, N.J.
COR. LEWIS STREET & PALISADE AVENUE,
TOWN OF UNION,N.J.
OFFICERS:
President,
WM. C. HEPPENHEIMER.
Vice-President,
WM. PETER
Treasurer,
JOHN MEHL, Jr.
Secretary and Cashier,
WM. T. VIDAL.
DIRECTORS:
Wm. Peter,Henry Brauticam,
Henry Mehl,Rudolph F. Rabe,
Richard Schlemm. M. D.,
John Mehl. Jr.,Alex. P. Hexamer,
Wm. C. Heppenheimer,Edward Russ.
(over)
STATEMENT OF ThePEOPLE'S Safe Deposit and Trust Company,
Jersey City. N J. and Town of Union. N. J.
FOR NINE MONTHS ENDING DEC. 31ST, 1895.
RESOURCES.
Cash on Hand and in Bank,
$143,441.03
Loans and Discounts,
69,838.07
Mortgages,
91,313.36
U.S. Gov. Bonds,
90,046.87
Municlpal Bonds,
17,293.50
Banking House, Furniture and Fixtures,
25,117.18
$437.050.01
LIABILITIES
Capital,
$100,000.00
Deposits,
328,019.30
Certified Checks,
7,308.31
Undivided Profits (Expences & Taxes Paid),
1,722.4
$437.050.01
Jersey City, N. J.WM. T. VIDAL,
January 1st. 1897SECRETARY & CASHIER.
(over)
