The Chat from Brooklyn, New York • 61

SUPPLEMENT THE CHAT, SATURDAY, MAY 20, 1922 FIBST EE GF WHSBUSSH "The great Civil War received very little recognition by way of recorded first mm peooo of mm WILIS TO EE AT WEU-KOiffl LADIES' Elil? ELEVEN YEARS CF PKOSRESS IS RECORD Of i The household and gift shop of I. minutes. "In February. special meet en in GiioncH basement SEVENTY YEARS' ACTIVITY ing was called to consider the practicability of purchasing some of the new INTERESTING CAREER OF 8AV- The First National Bank of Brook Unusual values In full-fashlond lyn, which celebrated Its Seventieth NGS INSTITUTION HAD ITS BEGINNING IN '51 1795 Broadway. This soon proved to be' too small to accommodate the trade and the present store at 1627 Broadway, was opened.

This was three years ago. J. manager of the jtore, who has been doing business, along Broadway for a numbor of years, says that great changes in upper Broadway have taken place during the past three On the upper portion of the street, lots, could be found in many places, silk hosiery for women has been the feature of the success of Kay's Lady Anniversary on May 13th, Is an East Gondelman had its beginning at 1649 Broadway eleven years ago. But business grew go fast that It was found necessary to open a store at loan about to be offered by the United States Government. "This was followed by their Investing $100,000.

"In October they further invested Shop, located at 1308 Broadway. The ern District bank and dates back to the old Williamsburgh City Bank, which was organized February 7, 1852, store has been located on the avenue EARLY STRUGGLES RECALLED Minutes of First Years Show How $30,000 in United tSates 7.30 Treas for the past ten months, Mr. Kay having been In the wholesale business ury notes. its initial meeting being held in the office ot S. M.

Meeker at South prior to that time. He admits that "In December $50,000 more of the Carefully Trustees Proceeded Has Shown Enormous Growth To go back to the early days of he was "brought up" in the business BOOMERANG SALE I Then came along dwellings which gave Seventh street, now Broadway, and began buslnoss May 13th, 1852. The original Incorporators were men whose names made history in the same bonds were bought. "In February, 1862, they bought $100,000 United States 6 per cent coupon bonds payable in 1881 and of manufacturing and, selling ladles' underwear, and with the experience of a lifetime, he came to Broadway to the Williamsburgh Savings Bank "The first bond investment was made on the 12th of July when they purchased $6,000 of the Village of Williamsburg 6 per cent Bonds. "flow they placed on their own shoulders the burden of direct personal care ie illustrated In the fact that the Attending Committee, or 'at least, two of their number, had to be in regular attendance at the bank, even though it was only open on Mondays, Wednesdays and Saturdays, from 6 to 8 p.

from October to April. "Either because it was their idea Of what constituted a true savings depositor or their unwillingness to assume too much responHibllity they fixed $500 as the limit for any one depositor. "The by-laws were shockingly amended on August 15, 1853, when it was decided the bank should be open for business daily during such hours as the Board might direct, except on Sundays, January' 1, July 4, Thanksgiving Day, and Christmas Day, and on Thursday open exclusively for the accommodation of females. "The Board appreciated the value of advertising by deciding that Sign of the Williamsburgh Savings Bank be put up at each ferry, and the President and Clerk were appointed to the same, it was subsequently considered enough Eastern District and included the means a mental Journey to that period when Williamsburgh was In the first stages of becoming a growing com 000 of the gold in hand was used as give the shopping public the advantage of his experience. While he carries a complete line ot following: Noah Waterbury, John A.

Cross, James Waterbury, Nicholas partial payment for this purchase. its JQI1 Mi munity. "In the following month $100,000 more of Government securities were silk underwear, and practically every In an Interesting retrospect pre Wyckoff, William Wall, Daniel Maujcr, Levi W. Ufford, Minor H. Keith, bought.

George Field and Samuel M. Meeker. "A general authority to purchase The original capital stock subscribed Government bonds was given In June, pared by Victor A. Lersner, Comptroller of the bank, there is created a word picture that commands attention from every viewpoint. The retrospect Is prepared from the minutes of the bank's early years.

This his 1882, to the Funding Committee way to business houses. 'I would say that eleven years ago Broadway, had many- small stores," said Mr. Levine. "But any alert business man could see that these stores would not remain long. Where the small stores were located, we have pretty good sized business places today.

And in the future the present stores will be enlarged to take care of the additional trade that is coming to This extra trade will be brought here by "Boomerang Week." Of course, there are few places Where a business man can open a place below Halsey street and so naturally they will have to. come south along Broadway. That is where they should come, because It is necessary that the street be a business OF i' i 6ur present Spring stock reveals the finest and most distinctive style productions which master designers of America have launched this season. i whereby they were to convert any was 200,000 and the first board of directors consisted of Noah Waterbury, John A CrosB, Jacob B. Uoerum, Daniel Maujer, Nathaniel Driggs, Edmund Drlggs, William Layton, Jaboz premium funds on hand, includln tory in part, reads as follows: gold, silver and United States demand notes, into Government 7.30 bonds at 'The first word of history of The Williamsburgh Savings Bank was their discretion.

1 "This took on a more' fixed char written as of April 21st, 1851, the first meeting of the Board of Trustees. acter in July when discretion was limited to a sum not Williams, Nicholas Wyckoff, James M. Abraham Vandervoort, William Covert, Charles Houghton, Levi Wi Richard Berry, Minor H. Keith, John E. Davidson, Samuel Sneden and John Thurston.

--The first banking room was in the "One of the most striking features of these records is the tremendous of an undertaking in its possible. im personal -interest that was taken by portance to have Mr. Rlcard added to thing in the underwear line for he features corsets and silk hoslory. Included in his vast Stock of hosiery full-fashioned hose ranging in price from fl.39 to the best that call be secured. His prices, he asserts, are far below the average, and the Quality cannot be excelled, Despite the fact that there are always unusual values to be found in the store, Mr.

Kay is making special provisions for "Boomerang Week." He Is personally interested In the progress of Broadway, and, firmly believes that its' future success- will be brilliant, and he is doing all in his power to co-operata with other, merchants to prove to the shopping public that no better values catt be found' anywhere. Each' day; during "Boomerang Week" he will feature a'speoial sale. Corsets of standard makes will be put on sals at greatly reduced prices, and on other days "great "reductions will be made ia-silk With each special sale, the articles displayed will be taken right from the regular etock "We get. a slight glance at the ac one in every sense of the word. It tual war conditions in reading an ap: LSUGAHEMi High Grade 'Clothing for Men and Young Men IO Brcadway Near HalBey St.

basement of the Universalist Church, should have prbgresslve business es peal from the war fund committee of the of for funds from then: Sal South Third and Fourth tablishments from one end to the streets, the later-being now Bedford the institution for the purpose of aid avenue. Later it was found necessary log and promoting the efficiency of And this is Just what the future has in store for Mr, Levine has lived in the Broadway district for over Bixteen years. to enlarge the quarters and the build the National Army and providing therefore the means and the-men nec ing at the Broadway ferries was affl' essary, moat effectively and speedily to repress the Southern Rebellion. Continuing as a State Bank until the National Bank law was passed, the Williamsburgh City Bank incorporated "War taxation, wasvery much pres under the Federal act on December 16, 1864, with the same capital as the ent then ana a more aireci way to the institution than for! At the dividend meeting in December, 1862, IFORCED to VACATE! State institution. The number of di and each, article sold will be honest it was resolved that after paying divi rectors was reduced to fifteen, most dend of 6 per cent the bank assumed to pay the Government tax on the of them being men who had served Our Warehouse value and will be sure to give satisfactory wear.

elaborate stock of silk underwear will be displayed to advantage in the same capacity in the State dividend." bank. The first president of the Na tional bank was Nicholas Wyckoff and for the patrons to examine. Included Since locating at Broadway and Driggs avenue in a building of striking architectural design and large pro We are compelled to sacrifice our entire surplus stock of In the large assortment are sheer mi- the Cashier was George Field. The success of the banking opera terlals of satin, Jersey silk and crepe tions of the First National Bank is de chine, daintly lace-trimmed, and of uining ana isearoom urniture at snown oy tne tact that since its incor the jtnost up-to-date styles and colorings. There is also a complete stock poration as a National bank it has earned for its shareholders the sum of lingerie underwear of the more dur.

of $4,062,747.66, and has declared divi able Quality, and all of these models 17 3 Si. A portions the property has been enlarged and the type of structure closely harmonised with that of the original structure. The bank's success Is reflected ia the following statement showing lis condition at the close of business, Dec. 31, 1921. There is due 118,272 depositors, total obligation of bank $108,949,521.88.

To meet the "total obligation" the aro neatly trimmed and wellmade. dends which aggregate $1419,500.00. Much of the success of the bank is due to the able management of its officers and directors, who are men who are both business men and bankers. Here is a Very Special Offer for, 1 A statement of its condition as of the close of business May 5th. 1922 5 Doomerang weeK uniy as well as a list of its officers and directors ia aa follows; bank has the following Cash on hand and deposited, banking house, bonds and mortgages, Liberty bonds, bonds of states, Resources: Cash and due from 1 573 BROADWAY, Cor.

fialuy Strtet banks, loans and discounts U. S. Bonds and U. S. Treasury Certificates of Indebtedness (Market Value, other securities and in Boomerang Bargains ,3 3 cities, counties, etc, railroad mortgage bonds, interest due and accrued on loans 'on pass books and other items due bank, total, $126,389,361:81.

i This leaves an investment surplus vestments (Market Value, $950,000.00) That will pay you to come no matter where you live causing nouse, Interest earned, but col J3 lected, $9,416.76. Total, $13,281,674.34. WILLIAMSBURGH SAVINaS BAfci of, $17,439,839.93 to protect depositors W-A-I-S-T-S Liabilities: Capital against any possible loss. the Board in'the affairs of the bank, the committee, and he was responsi- surplus, undivided profits, The officers are: Andrew D. Baird, anu was almost nve years Deiorew for extending the work by having deposits, $11,247,863.58: a si ,3 president; Samuel M.

Meeker, John they were willing to delegate any the bank cards placed in the stores Circulation, preserved for V. Jewell, vice-presidents; wowara and other public places in this city. "A noticeable example Of the growth Horwill. secretary; Chas. J.

Pasfield, taxes ana interest aue depositors, interest and discount paid cashier; Victor Lersner, comptrol power to others than fhemselves, they assuming the burden of responsibility and exacting attention that gives marked, distinction their spirit of fidelity sense of duty. of the bank came In November, 1859, in Total, $13,281, ler; Henry R. Kinsey, assistant comp. 674.34. when the charter Was amended so as to allow a loan of $20,000 in one sum troller; Chas.

H. Place, assistant The officers are: Joseph Huber, comptroller. 5 This beautiful 8-pieco American Walnut Dining Room Suite, 'In their articles of incorporation on any one piece of property. Trustees, Andrew D' Baird, Samuel At the end of 1860 the bank's prog president; John W. Weber, vice-president; William S.

Irish, vice-president: they were confined in the bond and mortgage operations to loans that M. Meeker, John V. Jewell, James ress had been of such an order that Post, James F. BendernageL Edward Tt Horwill, Alfred Ro'mer, Welding Its future was well enough assured to warrant the giving of designated a coaaifiwiiff vi cauV) viuu vitnset, xiitension xaoie, unair ana I Arm Chair, of Genuine Leather or Tapestry Seats. I Special for Boomerang $1 JQ.OOI Week.

Only; If could not -exceed $5,000 on. any one piece of property were not allowed to accumulate over $100,000, in uninvested funds or at least one-third of 'their total deposits. Ansel P. Verity, cashier; Frederick W. Krueger, assistant, cashier; Bus-sel C.

Irish, assistant cashier; Austin Tobey, assistant cashier; John W. Bargfrede, assistant William J. Ahern, trust officer. Ring, Herbert F. Gunnison, Paul- JH, Bonner, Edward B.

Pearce. Albert Pearce, Albert S. Richey, Wiathrop M. I ft. We carry the lanrest assortment of title to various employees andJohn Broach, the principal clerk became the cashier, his son became teller and Mr.

Robertson, bookkeeper and a proposed additional clerk the new account clerk. Tuttle, Frederick D. MacKay, Walter "Unclaimed, deposits were con WalsU and Blouses of tbs latest Directors: Josenh Huher. nrealrlent: sidered tq.be those which for two ntyloa and designs than any store on W. Spadone.

Counsel, S. M. D. E. Meeker.

tftto Huber Brewery; John Weber, 16731 iiroaaway. From 98c up President, Wm. Ulmer Brewery; Mor years only "had not liad any transactions thereon and the only reports they were compelled to make were to the Legislature and the Trustees of the Village of Williamsburgh. timer Keynolds, C. H.

Reynolds Sons; John J. Cooney, President, Cpo- iUllHO-' El) i BROADWAY! Silk. Underwear Conalstlnsr of dainty deslens and ney; Eckstein Samuel H. Mr. William Wall was elected as Near Decatur Street Telephone, Bushwick 2811 MIIIIIIHIIIIIIIIIIIIilllllllllllllllllllllllllllllltlllllHIIIIIIIIIIIIIinillllllllllltlllllflllllir Coombs, Coombs Wilson; John terlali In camisolna.

chemisaa, itep- the first President on the 27th of Probst, Vice-president, Shults Bread ma, moomers. Detticoata and arowna. April, at prices to suit everybody's purse. Christopher Mollenhauer, Kel- The bank was opened for business sey, Suydam Mollenhauer: Hubert HANDKERCHIEFS oh Monday, June 9, 1851, at 6 o'clock u. Tayior, resident, KmgB County A.

biff variety of color and nrntar- SPRING OPENING in the evening, in the basement of the Universalist corner of Fourth Savings Institution; Charles Tuttle, Otto F. Struse, Attorney-at-Law; John street and South Second steet, which From 15c up Barry, President, D. D. Williamson was rented for 3 years (with the privi lege of five years) at an annual ren tal of. $150.

Herman A. Metz, H. A. Met2 George W. Baker, President, George W.

Baker Shoe James Sherlock Davis, President, Cross, Austin Ireland Lumber William S. Irish, Vice-president. On June 17, the Attending Com JIM SPECIALS FOR rfu7l mittee reported for the 4 days which the bank had been open there were 82 deposits made by 70 persons, the aggregate amount being $4,182.75, "BOOMERANG kt MSTSF if Too Much to Expect "i "But can't you and your husband liva happily together without fighting?" "No, not 'applly." The Bulletin (Sydney). t. with non-drafts.

"The first mortgage loan was passed on June 28, for $1,500, at 7 per cent for five years. One oi the graceful new "The Pat. Colt, Flexible Sole, All Leather Ifeel. A complete- line of the leading iQ -collari and vesta. "From 39c up g.00 Cit VAnl fn1 flfllr alt aU-.

The Wheel With the National Reputation A large selection of used Black Beauty Bicyles Always on Hand ons and tuxedo From $18 up mmm mm" mi Cm ir All the Latest Creations in Brooklyn Made Novelties' H-OS-I-ErRYj FOR AFTERNOON DRESS AIarm 8,75 MM mi Clock FOR BOOMERANG DAYS ONLY ACE 4-Cjllndar and CJeialand Lightweight Motorojoli We also shave a complete stock' of Children's Velocipedes! Kiddie Cars, Automobiles, Etc tf0 REDUCTI0N on air. goods A big: value at $5.00. One of the widely favored, trimly tailored Oxford styles featured at Lester's. Tan Calf, Brown and Black Kid. $50 READY FOR DELIVERY i i purcnasea rrom may utn a 0 to 29th Boomerang Days.

lAisaoBt eotmxteta and Btrooc Hit FREE slile hosiery all ahadna and designis tocoatch youc Siiatsc luotwaax. From 98c up ESTABLISHED 1860 Telephone, Jefferson 9489 For Thia Month Only A scooter as illustrated, with every Black Beauty Bicycle (New or Used), or with any purchase of $10 or more. A small deposit will hold goods until ready. i nr D-R-E-S-S-E-S Ctnton Grep DEfisattb lailcrod and beilpd; all ahaAfw From $14.75 up Lester's Shoe Shop 1671 BROADWAY near Decatur Street for Educator and Pollyanna Watches Jewelry: Diamonds OUR AIM 31a BosTneia Small Proflta Coma and be Convince HAVERFORD CYCLE CO. 916 BROADWAY, Near Myrtle Ave.

1179'BROADWAY Near Lafayette Ave. BROOKLYN, N. Y. Haf-QoantctSon WHh Any Othswt'ire on uroaoway.