CAMDEN, NEW JERSEY
FIRST CAMDEN NATIONAL BANK & TRUST
This bank traces is roots back to June 16, 1812 when Camden's first bank was incorporated. It was known as The State Bank at Camden, and retained that name until June 2, 1865, at which time it became a National Bank and its title was made The National State Bank of Camden. This bank did business until the late 1920s at the corner of North 2nd and Market Streets. The National State Bank of Camden merged with the First National Bank under the name First National State Bank on July 1, 1922.
1927 was a significant year in the history of the bank. On July 1, 1927 another merger took place, this time with the Camden National Bank, the new and large institution now being known as First Camden National Bank& Trust Company. The President of the new institution was F. Morse Archer. A contract was awarded December 1927 for the construction of the new bank building for the First Camden National Bank& Trust Company, to be erected at Broadway and Cooper Street, at a cost of approximately $825,000.
By nature of the bank's presence in the community, the bank's President was an important person in Camden's affairs. The following is a list of the bank's President through 1950.
When the bank celebrated its 130th anniversary in 1942, directors included David Baird Jr. and Congressman Charles A. Wolverton. Another long-time director was Edward Roberts, who served for 35 years, prior to his passing in 1928.
Bank Directory - March-December 1916
Bank Directory - March-December 1916
|Philadelphia Inquirer - October 27, 1918|
Morse Archer - National
State Bank - William
T. Boyle - William
Walter J. Staats - E.A. Stoll - David S. Rush Jr. - E.G.C. Bleakly - James H. Long
William L. Hurley - Francis B. Wallen - Wilbert Pike - Volney Bennett
banknote was issued shortly after the July 1, merger
Click on the image to enlarge
BANK TELLER IS HELD FOR SHORTAGE OF $2000
Alleged to have embezzled approximately $2000 from the South Camden branch of the First Camden National Bank and Trust Company, a former teller was held in $3000 bail by U. S. Commissioner Wynn Armstrong yesterday on a Federal warrant.
The accused man is Nelson Lamar, 36, of 445 Kaighn Avenue, an employee of the bank for 17 years. He waived a hearing and was committed to the county jail in default of bail, pending action by the federal grand jury.
Camden Courier-Post- June 15, 1933
VOCATIONAL SCHOOL TO REMAIN
By approving issuance of a $20,000 emergency note, the Camden County Board of Freeholders yesterday afternoon assured continuance of the Camden County Vocational Training School and maintenance of the Agricultural Demonstration Bureau and Home Economic Extension Service until December 31.
To bring this about, the board voted to take advantage of a, new state law permitting them to either refund present bond issues due or declare a moratorium on paying-off maturing bonds for three years.
Being relieved of the obligation of paying off maturing bonds, the board decided to continue the work of the school and two bureaus. The board voted to allot $16,500 to the school, $1700 to the agricultural bureau and $1500 to Home Economics. The school was scheduled to close this month. The two bureaus were closed February 1 despite protests from thousands of citizens.
"This will assure continuation of the school at least until the end of the year," said Githens. "We have always been of the opinion that these three functions of the county government are essential and should be continued without an increase in the tax rate.
"When, however, the county budget for 1933-34 was being considered, it was honestly determined that the money would not be available. At that time our legislative delegation suggested the possible relief through legislative action. These matters were therefore held in abeyance.
"Now we are happy to be in a better position. The legislature adopted or assured the adoption of bills sponsored by our Camden legislators which will make available to our comity sufficient money to provide continuance of the three agencies without increasing county taxes."
Refunding to Be Sought
Resolutions set forth that $330,000 worth of bonds mature this year and $2,352,000 in 1934 and that the board cannot see its way clear to meet these obligations. Therefore the bondholders will be requested to agree to refunding these bonds, the first installment to be made in five years and the balance not later than 10 years. C.C. Collings and Company were named agents for the bonds and the First Camden National and Trust Company depository.
If the bondholders refuse to agree to this arrangement, the board will declare a "holiday" and defer payments for three years.
When the board passed its resolutions regarding the school and two bureaus, Mrs. Marion R. Gilpin, president of the Camden County Council of Parents and Teachers, thanked the members. She had led a fight several months against ending the activities of these branches of the county institutions.
Petitions signed by 10,406 residents of Camden and 13,689 living in the county were withheld when the board announced it intended to reopen the two bureaus and keep the school in operation for the balance of the year. Fifty-three civic groups, clubs and Parent-Teacher Associations were included in the protest.
Mrs. Verga Appointed
Mrs. Elizabeth C. Verga, vice chairman of the state Republican committee, was named to the board of supervisors for old age relief for a five year term over the objections of Minority Leader George Brunner, of the Fourteenth ward.
Brunner said that because of her political position Mrs. Verga could not be expected to give impartial relief into which politics might be injected.
Alexander P. Schuenemann, Republican, jumped to his feet to defend Mrs. Verga, saying Brunner's remarks were in the nature of charges against her.
Brunner replied that he would make the same objection if a prominent Democrat were being considered and for the same reasons.
County Engineer Beal M. Shucker was authorized to ask the State Highway Commission to match $25,000 appropriated by Camden County for the purchase of rights of way for relocation of the Haddonfield-Berlin road to skirt Gibbsboro.
Bids were rejected for the Church Road bridge, Colestown, because one was in error. The road and bridge committees were authorized to re-advertise for new bids.
A communication from the Camden County Medical Society asked the board to transfer the Department of Labor from the hall at Fifth Street and Taylor Avenue to more adequate quarters in the new court house annex. The society said the Workmen's Compensation Bureau is housed in unfit quarters which are far too small. The letter was referred to the property committee.
The Had-Col Construction Company was awarded a contract for the reconstruction of River Road from Springfield Avenue to the northeast end in Pennsauken township on a bid of $14,633.
After passing a resolution of sympathy on the death of Edward Holloway, former custodian of the court house and city hall, the board elected Thomas Dickinson, Jr., acting custodian, at no increase in salary over what he received as assistant.
Brunner protested. He said the office of assistant custodian should be abolished as an economy measure.
Dr. Leslie H. Ewing, director of the board, replied the county was saving money by naming Dickinson as acting custodian without drawing the salary given to Holloway.
Hospital Bids Asked
The Lakeland central plant and asylum committee was authorized to advertise for bids for furnishing the the new hospital for mental diseases. They will be received at the hospital board room on June 28.
In a communication to the board Wayland P. Cramer, county director of emergency relief, that the board for the quarters provided in the court house annex and for the cooperation of the board. He thanked the leaders of both political parties "for not permitting any phase of human suffering to become ensnarled with political expediency during the present crisis."
Back in the day, local banks could print money! This five dollar bill was issued by the First Camden National Bank and Trust Company in 1929.
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