New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-10
THE OLD PARK BANK.
p>oRD OF A FAMOUS NEW YORK IN
sTITUTION-MR- DELAFIELD IT'S
NEW PRESIDENT.
NEW PRESIDENT.

THE National Park Bank of New-York which
a, -.cognized as one of the leading financial in
-s,trt,ons Of the country came into particular
--,n,nence last week because Of the elevation to
-. nresifency Of Vice-President Richard Della
.h whose connection with the bank is of long
.t.ndIng and who by his we'll known efficiency
AZ a business man and financier adds strength
20 an institution which is already remarkable
EY ITS solidity.
The list Of presidents of the bank includes the
names Of Reuben w. Howes. William h
Kitchen William H Fogg. James l. Worth,
George H Potts V Mumford Moore E. Kellogg
Wright and Edward f. Poor. Mr.. Poor's resig-
nation on account of continued III health was
accepted about two weeks ago The bank re-
osA,vad its charter in 1876 and the doors were
oDened for business on March 81 of that year
in q building at Beekman-st and Theatre Alley,
0bere Temple Court now stands.
A number Of merchants who were doing bust
ness In that part of the city the necessity
IN, q new bank and the fact that business was
GOOD from the opening day showed that their
efforts were timely. Reuben w. Howes, who
WIS engaged in the leather business in Chat
harn-st AT the time, was one of the prime movers
in the Undertaking and was chosen president,
with Charles A. Macy cashier.
The original capital was S2.0o,0Oo, to which
g large surplus has been added. In 1860 1t be
came a National bank, and the name was
changed TO the National Park Bank. under
which title its business continued to grow stead
uv. i was centrally located. and its methods
inspired confidence. so that its quarters soon
became too small and a more roomy place of
business had to be selected. year after 1T
became j National bank the property Nos. PA
and PIC Broadway purchased and the
bufding which the bank now occupies was
erected This marble freproof building, with
its dignifed ornamentation and lofty banking
room was considered the finest business edifice
In New-York when it opened for business,
and although higher and larger buildings have
been erected in the neighborhood since that
time the National Park Bank building is still
looked upon as of the finest samples of
architecture in that part Of the city. depositor
in the bank in speaking Of it. said: The bank
building is like the bank-no spread eagle, no
fuss and feathers no grand display, but honest.
downright sodty and stability"
The modest list Of depositors has grown stead
ny until it numbers now about five thousand.
and the bank is the second in the United States
in volume Of deposits The amount of business
done by the bank may be judged from
the fact that it has on deposit S70@0,0O0.
Its conservative methods have made the
bank popular with banks throughout the coun-
try, and this is shown by its great number Of
respondents-probably more than those of
any other bank in the United States. These out
side connections give the bank great collective
facilities and this branch of the business has in
creased steadily and has attained magnificent
proportions.
MI Delafeld brings to the office to which
the Board of Directors has elected him the
qualities which made his predecessors success
full and the National Park Bank will undoubt
eddy make further strides and become more
powerful under his administration.
The other officers Of the bank are: Stuyvesant
Fish and Albert H. Wiggin, vice-presdents;
George 5 Hickok cashier; Edward ]. Bald
win, assistant cashier and the following Board
of Directors: Joseph T. Moore Stuyvesant Fish
George 5. Hart, Charles Sternbach. Charles
Scribner. Edward c. Hoyt, Edward Z. Poor,
". Rockhiu Potts, August Belmont, Richard
Deafield. Francis r. Appleton, John Jacob AS
tor George 5. Hickok. George Frederick Victor
and Hermann Oelrichs