New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-21

JAMES MACNAUGHTON.
National Bank Of Commerce. in New-York. has
taken new Offices in the Syndicate building at
the southwest corner Of Nassau and Liberty SITS
1t removed to this place from the northwest
corner Of Nassau and Cedar SITS.
The new building IS Of the c!ty's "sky-
scrapers." being seventeen stories high. while Its
construction Of granite. light brick and steel
makes it an interesting type OF the new Office
buildings OF the city.
The Bank Of Commerce was founded In lN'o
with capital OF SlO0Do0Oo, which was after
warl reduced 10 the present amount of S1.ooo'-
0OO Its frs; president was Samuel Ward. while
among the original directors were Robert T.
Minturn. james Brown. Jonathan Sturges ana
Stephen whitney.
SUCCESSIVE REMOVALS
The bank first occupied the site now used by
the United States Assay ONCE In Wall-s,.. This
property was sold - the Government IN lS'"'
Tie bank thefcupon took temporary quarters at
Broad-st. and Exchange Place. II moved to the
northwest corner OF Nassau AMI Cedar SITS. In
1851. whore IT remained until It's recent removal
The Bank OF Commerce was originally a STATE
ban,s.I IL be~arsr "A National 'ss,i,ution In 'ei'.
Richard King was It's president from - -
1891. when. upon his death. W. W sherman The
present executive officer 81 the bank. wac ch's
his successor. J. Pcrpont Morgan Is vic'-pr'r'-
dent ~ the bank. Among the directors are
Frederick Sturgca Charles Lanier. Charles II.
Russell Alexander T.. orr JOAN > Kennedy
Woodbury. I.amgdon and John C!ailin. The pres
ent quarters are only temporary. The old huii'-
ing occupied ~ the Bank Il Commerce. at Mas
sau and Cedar SITS. has been torn down ne"
"sky-scrap.r" Will bc erected On It's Site and on
It's completion the National Bank OF Commerce
viii returr..o It's old place II business The new
building will be known "A the Bank OF Commerce
Hmlling. !, VIII be seventeen-s;ory structure
Of handsome design I'm white granite. ana
brick Will be used with steel frame.
The Bank OF Commerce became prominent III
the Civil War because Of It's firm stand for the
Government at Washington and the general
patriotic attitude Of its management.
IL \ TEMPORARY HOME.
The Central National Bank has taken head
quarters for year at the northwest corner oi
Rcsdc-st. and broadway. in the building former
" occupied by the Tradesmen's National Bank.
which institution Is now housed Il: the Wool
Exchange Building. at Beach-st and West
Broadway
The Central National Bank was organized IN
1SG2 and then occupied temporarily the building
al the southeas, corner Of Broadway and Pearl
ST As soon as the white marble building d.
rectlv Opposite was constructed the bank took
I'D its headquarters therein. The site was in the
heart OF the drygoods district. and there the IT.
stitution remained until a few months ago Il
is TO return there when q structure snail Do
erected upon It's site. William a. WheelocK was
president OF the bank until lSs2 when. upon MS
resignation William NJ. Bliss became it, execu-
tive head in 1883 he succeeded by william
L. Strong. who held the place until his instalia-
ton as Mayor. Edwin Langdon was chosen MI
Strong's successor. He had been In the service
OF the bank since 1860 and had risen through all
grades 10 that Of vice-preedent. Mr.. Langdon
is a Connecticut man.
The old Central National Bank Building has
been RACED to the ground. and the erection OF the
new structure is being rapidly pushed The new
building will be fifteen stories high and VIII be
known as the Central Bank Building. The main
floor OF the new building Will be occupied by the
bank The other floors Will be utilized Tor once
and business purposes. The new building VIII be
Of granite limestone brick and terra Gotta. with
a steel frame.
FOUNDED OVER SEVENTY YEARS AGO.
The Tradesmen's National Bank. which has
recently moved from its od-time headquarters
at the northwest corner Of Broadway and Reade-
st. to the Wool Excrange Building at West
broadway and Beach-st.. has history extend
ing over long period. 1t was organized as a
State Bank in 1893. 1t is the eighth in age of
the present banks in the city.
The banks first home was just off Chatham
Square. In East Broadway. Among the interest
ing phases OF its history is the fact that one OF
its early presidents was Preserved Fish. one or
the best known bankers and merchants OF his
day The institution was organized as a Ma
tional bank in 1860. 1t has become the New
York correspondent for many banks in the West
and South.
The bank has had among its presidents men
noted in their day. The list of these and the
dates OF their election are as follows 1s23 kldad
Holmes: 1896 stephen Allen; 1929, Preserved
Fish; 1916, William II. Falls: 1861. Richard
Berry: 1888 Nathaniel Niles; 1889. j. w. Mason
1890 James f. Grannss and 1890. James Mac
naughtan.
The banks new headquarters are In the centre
OF large and important business interests They
are extremely attractive In appearance. and
well arranged for business purposes. In the
same building are the Merchants Safe Deposit
Company. the Wool Club and the Wool Ware
house Company.
THE CORN EXCHANGE NATIONAL BANK.
Although the Corn Exchange Bank has been
I'm its new quarters for more than two years, the