Page 1 |
Previous | 1 of 8 | Next |
|
This page
All
Subset
|
The future is now in New Jersey. The Newark office of Haskins & Sells, together with its suboffices in Bergen County and Morris County is situated in one of the most dynamic growth areas in the United States. Yet, paradoxical as it may seem to those who associate dy-namism with newness, much of the "Garden State" was settled very early and the state is dotted with fine old houses, towns rich in history and tradition, and business establishments founded in Colonial times. This is not new country by any means, but much within it is the newest and most progressive that America offers. Any way one looks at it, New Jersey spells challenge and oppor-tunity. One of New Jersey's great blessings is its location, which the first enterprising Dutch settlers saw from the start. In the three centuries since their time, this ad-vantage remains. Today the stare, and more precisely the city of Newark, is at the midpoint of the eastern megalopolis —the heavily populated belt of cities stretching five hundred miles from Wash-ington, D,C. to Boston. Most of New Jersey lies between two great navigable rivers, the Hudson and the Delaware, with their two major port cities, New York and Philadelphia. From the begin-ning, this region has attracted the enter-prising— builders, inventors, entre-preneurs of all kinds—and the combina-tion of proximity to markets, an extensive transportation network and talented, skilled people remains a great asset today. This is not a new story to Ralph Bartlett, partner in charge in Newark, who was bom and raised in New Jersey, and who entered the Newark office after graduat-ing from Lehigh University in 1947. He is enthusiastic about the practice of the office, which has become known through move than fifty years as one of the best training offices in the Firm. Newark has been a nurturing ground for an unusually large number of Haskins & Sells partners, many of whom have gone on to assume positions of high responsibility in the Firm. Among them, to name just a few, have been: Former H&LS managing partner John Queenan; Weldon Powell, the first chair-man of the Accounting Principles Board of the AICPA; and Oscar Gellein, now a member of the Financial Accounting Standards Board—all three of whom have been awarded the gold medal of the AICPA for distinguished service to the profession; Casper B. Apple, who headed the Newark office for more than twenty years before transferring to Executive Office; Ralph S. Johns, who later was partner in charge in Chicago; Philip J. Sandmaier, Jr., EO partner who now co-ordinates the domestic practice of the Firm, and Russell D. Tipton, former Newark PIC and now head of the New York office. Mien the Newark office was opened in 1922, that city was the main popula-tion center as well as the financial and historic focal point of the northern half of the state. But the growth of popula-tion all around the city since that time, and the many forms of business activity that spread out from railways and high-ways have created a regional practice area which encompasses the entire northern and central part of the state. Cities and towns have grown so as to cover most of the open space that used to separate them, and the entire built-up region keeps developing outward into exurbia along a network of excellent high-ways and rail lines. The practice area of the nine New Jersey counties clustered around Newark and its suboffices is home to some 5.2 million people—all within an hour's drive of each other. And those five million-plus people are involved in almost every eco-nomic activity imaginable in this part of the country. A representative list of our Newark office clients illustrates the diversity of its practice. Schering-Plough Corporation, a major pharmaceuticals manufacturer, has its corporate headquarters in Kenilworth, its research plant in BIoomfield, and a manufacturing plant in Union. Beneficial Corporation, a leading consumer finance company, is in Morris-town, the seat of Morris County where we opened a suboffice in 1974- Union Camp Corporation, with headquarters in Wayne, has plants throughout the Eastern Seaboard and the Midwest and vast timberlands in the South. BASF, a subsidiary of a German industrial chemicals corporation, is in Parsippany; Federal Paper Board Com-pany and Benjamin Moore & O r are in Mont vale; Breeze Corporations, Inc., is in Union; Ragen Precision Industries is in North Arlington; Automatic Switch Company is in Florham Park; Imasco Foods Corporation is in Jersey City; Lea & Perrins, Inc. is in Fairlawn; and Reit-man Industries is in West Caldwell. The Newark office also has a con-centration of public utility clients, includ-ing Public Service Electric & Gas Co., the largest utility in New Jersey, providing View from the top (Opposite .page) From the roof of 550 Broad Street, which houses the Newark office, modern downtown office buildings loom over the white spire of Trinity Church, land-mark dating back to the eighteenth century, In May J 775, General George Washington passed through Military Park on his way to take command of the Continental Army besieging Boston Insert photo: In Jersey City, Mayor Paxil T. Jordan (r) and Director of Finance Jerome Lazarus (l) talk things over with H&S manager John Collins (second I.) and staff accountant Bob Rooney, Jersey City recently became an audit client of the Firm