19th century business tycoon
Edward Faitoute Condict Young was Jersey City's wealthiest resident in the later part of the 19th century. He became a New Jersey business tycoon, the most influential political power in Jersey City and has been called the, "father of Jersey City business." At an early age, he began his career as a bank teller and quickly advanced in the banking industry, eventually becoming president of the First National Bank of New Jersey. During this time, he married Harriett Strober. They had two children, Edward Jr. and Hattie. Young built a financial empire by becoming involved in numerous banking, manufacturing, railroad and insurance institutions throughout Hudson County. He used local Democratic political boss, Robert "Little Bob" Davis to ensure his business ventures would get local governmental assistance. With his financial backing, he became the real political power broker in Hudson County. Politically, Young was elected City Treasurer of Jersey City in 1865 and then alderman in 1872. He continued in other political positions and in 1892, he sought the Democratic nomination for governor. However, he lost the nomination to George T. Werts, who won the election. Young, through "Boss" Davis, continued to be a powerful force in local politics. He is credited with helping to advance the political career of future governor, Edward I. Edwards. In addition, Young has many philanthropist deeds to his merit. Young's estate in Jersey City is on the present site of St. Peter's College.
Edward Faitoute Condict Young was Jersey City's wealthiest resident in the later part of the 19th century. He became a New Jersey business tycoon, the most influential political power in Jersey City and has been called the, "father of Jersey City business." At an early age, he began his career as a bank teller and quickly advanced in the banking industry, eventually becoming president of the First National Bank of New Jersey. During this time, he married Harriett Strober. They had two children, Edward Jr. and Hattie. Young built a financial empire by becoming involved in numerous banking, manufacturing, railroad and insurance institutions throughout Hudson County. He used local Democratic political boss, Robert "Little Bob" Davis to ensure his business ventures would get local governmental assistance. With his financial backing, he became the real political power broker in Hudson County. Politically, Young was elected City Treasurer of Jersey City in 1865 and then alderman in 1872. He continued in other political positions and in 1892, he sought the Democratic nomination for governor. However, he lost the nomination to George T. Werts, who won the election. Young, through "Boss" Davis, continued to be a powerful force in local politics. He is credited with helping to advance the political career of future governor, Edward I. Edwards. In addition, Young has many philanthropist deeds to his merit. Young's estate in Jersey City is on the present site of St. Peter's College.
19th century business tycoon
Edward Faitoute Condict Young was Jersey City's wealthiest resident in the later part of the 19th century. He became a New Jersey business tycoon, the most influential political power in Jersey City and has been called the, "father of Jersey City business." At an early age, he began his career as a bank teller and quickly advanced in the banking industry, eventually becoming president of the First National Bank of New Jersey. During this time, he married Harriett Strober. They had two children, Edward Jr. and Hattie. Young built a financial empire by becoming involved in numerous banking, manufacturing, railroad and insurance institutions throughout Hudson County. He used local Democratic political boss, Robert "Little Bob" Davis to ensure his business ventures would get local governmental assistance. With his financial backing, he became the real political power broker in Hudson County. Politically, Young was elected City Treasurer of Jersey City in 1865 and then alderman in 1872. He continued in other political positions and in 1892, he sought the Democratic nomination for governor. However, he lost the nomination to George T. Werts, who won the election. Young, through "Boss" Davis, continued to be a powerful force in local politics. He is credited with helping to advance the political career of future governor, Edward I. Edwards. In addition, Young has many philanthropist deeds to his merit. Young's estate in Jersey City is on the present site of St. Peter's College.
Edward Faitoute Condict Young was Jersey City's wealthiest resident in the later part of the 19th century. He became a New Jersey business tycoon, the most influential political power in Jersey City and has been called the, "father of Jersey City business." At an early age, he began his career as a bank teller and quickly advanced in the banking industry, eventually becoming president of the First National Bank of New Jersey. During this time, he married Harriett Strober. They had two children, Edward Jr. and Hattie. Young built a financial empire by becoming involved in numerous banking, manufacturing, railroad and insurance institutions throughout Hudson County. He used local Democratic political boss, Robert "Little Bob" Davis to ensure his business ventures would get local governmental assistance. With his financial backing, he became the real political power broker in Hudson County. Politically, Young was elected City Treasurer of Jersey City in 1865 and then alderman in 1872. He continued in other political positions and in 1892, he sought the Democratic nomination for governor. However, he lost the nomination to George T. Werts, who won the election. Young, through "Boss" Davis, continued to be a powerful force in local politics. He is credited with helping to advance the political career of future governor, Edward I. Edwards. In addition, Young has many philanthropist deeds to his merit. Young's estate in Jersey City is on the present site of St. Peter's College.
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