“ Abraham Pierson, their minister, who having in early life preached in Newark, England, gave that name to the new town. Their object seems to have been to establish a Puritan community, to be administered under the laws of God, by members of the church, on strictly democratic principles. The settlers laid out the town plat of Newark, with its spacious streets and parks as they now exist. During the revolution the town was successively occupied by the American and British troops, and was subject to incursions from New York. ”

“ Besides the churches, the most noteworthy buildings are the custom house, city hall, and several of the banks and insurance buildings. Newark has ample means of communication with New York, Philadelphia, and the surrounding country, railroad trains running to New York every few minutes through the day. The lines are the New Jersey, Newark and New York, Morris and Essex, Newark and Elizabeth, Paterson and Newark, Newark and Bloomfield, Newark and Hudson, Newark and Clinton, and Montclair railroads. ”

“ The business of banking was started in Newark in 1805. There are now 11 banks, with an aggregate capital of $5,783,500; 5 savings banks and 3 trust companies, with assets amounting to $21,572,629 35; 3 life insurance companies, with $30,141,486 54 assets; and 16 fire insurance companies, with $5,681,426 71 assets. The mutual benefit life insurance company, one of the most prosperous in the country, has upward of $28,500,000 assets. The total capital and assets of the financial institutions amount to $63,179,042 60. ”