Johnstown High School - Spectator Yearbook (Johnstown, PA)

Page 32 text:

THE SPECTATOR . ■ ..■--■3 DEVELOPMENT IN BUSINESS AND FINANCE In the following pictures we have tried to show the contrast between old and new Johnstown, comparing the business houses, the finances, and the recent im- provements. S. Hull Smith and company were the first bankers in Johnstown. Mr. S. Hull Smith, the head of the concern, lived until about twenty years ago, when he died in Latrobe, Pennsylvania, aged more than ninety years. Smith and Company discon- tinued business when the First National Bank was organized in 1863. It was the fifty-first institution to be chartered under the National Banking Act passed by Con- gress in 1862. In the late 50’s M. W. Kcim conducted a private bank on Main street, near where Zang’s Shoe is now located. In the year 1872 the private banking house of John Dibert and Company was organized and continued in business until the Flood of 1889. About 1890 the Citi- zens National Bank was organized, and about 1897 Speedy, Brown and Barry began business as bankers and later nationalized their business by organizing the Cambria National Bank. The Dibert Bank The niti» of this bulldlnir Is now occupied by the First National Hank [28]

Page 31 text:

THE. SPECTATOR The Central High School Present enrollment. 1025 The first building accommodated six hundred pupils; later the number of pupils grew so large that in 1927, the new Garfield Building was completed at the cost of $900,000; and the old building was converted into the Chandler School for grade work. The second junior high in Johnstown was the Cochran Junior High School, which was opened November, 1924, to take care of the students in the upper Johnstown district. The third junior high school is housed in the old high school building and is named after Johnstown’s founder. Simultaneously with the development of the high school and the junior high schools is that of the grade schools. They have gradually increased in size and number until today we have twenty-seven grade school buildings housing a total number of ten thousand, six hundred and thirteen pupils. Nor should we forget another branch of our puplic school system, which is the school for crippled children established in the Orthopedic Ward of the Me- morial Hospital. Here because we can not hasten the cycle of time, and the end of our romance lies in the future, our tale must be broken. No one knows what the future holds in store for the star of public enlightenment in Johnstown, but this we do know: Whatever our city does for the betterment and advancement of our public school system will be for the cultural betterment and advancement of Johnstown itself. [27]

Page 33 text:

 : s $i K' THE SPECTATOR; Then followed the organiza- tion of the following: Johnstown Trust Company, United States National Bank, Cambria Trust Company, Title Trust and Guar- antee Company, United State; Trust Company, Morrellville De- posit Bank, Johnstown State De- posit Bank, Moxham National Bank, Farmers Trust and Mort- gage Company, National Bank of Johnstown, Pennsylvania Trust Company, Johnstown Saving: Bank, Dale National Bank. The Cambria National Bank Citizens National Bank and the Union National Bank were ab- sorbed into the First Natioal Bank. The Farmers Trust and Mortgage Company, Peoples State Bank and Cambria Trust Company were absorbed into the United States Trust Company oi Johnstown. The National Bank of Johnstown was absorbed b the United States National Bank The institutions now in active business in Johnstown are the following: First National Bank, United States National Bank, Johnstown Trust Company, Title- Trust and Guarantee Company, United States Trust Company, Morrellville Deposit Ban k, Johnstown State Bank, Moxham National Bank, Johnstown Sav- ings Bank, Dale National Bank. In 1889 prior to the Johns- town Flood, the total resources The United States National Bank The United States Trust Company The First National Bank Johnstown Trust Co. Title Trust and Guarantee Co. [29]