. Scannell's New Jersey first citizens : biographies and portraits of the notable living men and women of New Jersey with informing glimpses into the state's history and affairs. er McCarter, who hadpracticed in Newton, moved toNewark in 1865, when Mr. McCarter was four or five yearsold, and opened an ofiice McCarters earlier educa-tion was acquired in the PingrySchool and at the Newark Acad-emy ; and he graduated fromPrinceton, of the class of after graduation he en-tered the New York bankmghouse of Kidder Peabody »& Co.,one of the most important finan-cial firms of the da
. Scannell's New Jersey first citizens : biographies and portraits of the notable living men and women of New Jersey with informing glimpses into the state's history and affairs. er McCarter, who hadpracticed in Newton, moved toNewark in 1865, when Mr. McCarter was four or five yearsold, and opened an ofiice McCarters earlier educa-tion was acquired in the PingrySchool and at the Newark Acad-emy ; and he graduated fromPrinceton, of the class of after graduation he en-tered the New York bankmghouse of Kidder Peabody »& Co.,one of the most important finan-cial firms of the day in thecountry; and continued in thatconnection for five years. In 1887 he went with the Lombard InvestmentCo., a New York corporation particularly interested in Western farm mort-gages. In 1889 he formed, with the Fidelity Trust Company, the connectionthat has contributed so largely to its rise to first place among the financialinstitutions of the state. He had not been there long before he was madeits Executive Manager, and he advanced through the offices of Secretaryand of Treasurer till he became its Trust Officer. He was elected Presidentof the company in McCoy 355 The Fidelity Trust Company lias financed many of the larger industrialand commercial and business enterprises of the state for the past twentyyears. One of its notable energies was to assist in the establishment ofthe Public Service Corporation, which controls the gas and electric light andpower plants, and the trolley service, all over the state. Since Mr. MeCarters election as President the resources of the Trust company havemounted to $31,000,000. The sale of its Prudential stock at the time of themutualization of that company contributed $7,500,000 to its resources. Amid his labors m the Fidelity Presidency, Mr. McCarter has foundtime for active participation in the life of the community. He was adominating force in the Newark City Committee of 100 that arranged theCitys recent celebration of its 2o
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