U.S. Trust Company1927
UST
Bronze

This paperweight's obverse bears image of eagle on branch with wings spread. Around, * UNITED STATES TRUST COMPANY * / OF NEWARK, NEW JERSEY.

The reverse bears inscription: COMMEMORATING / THE OPENING OF / UNITED STATES / TRUST COMPANY / TUESDAY FEBRUARY FIRST / NINETEEN TWENTY SEVEN.

U.S. Trust was founded in 1853 and chartered by the State of New York. It is the first and oldest trust company in the United States. The venture was backed by a group of wealthy men who invested $1 million in the company, at the time named United States Trust Company of New York. The inaugural board of trustees included thirty prominent New Yorkers. Among the founding investors were Joseph Lawrence of the Bank of the State of New York and then Mayor of New York who was appointed president, and John Aikman Stewart of the United States Life Insurance Company of New York who assumed the role of Secretary. Other founders included inventor, philanthropist and industrialist Peter Cooper, department store founder Marshall Field, Shepherd Knapp, President of Mechanics National Bank of the City of New York, and railroad developer and iron and steel manufacturer Erastus Corning.

This paperweight commemorates the opening of the U.S. Trust Company's New Jersey offices in 1927.

The paperweight measures 76mm in diameter and was produced by the Whitehead & Hoag Company of Newark, New Jersey.

All that being said, the paperweight commonly trades on eBay in the $20 to $45 price range.