New-York tribune., 1900-01-31
TRUST COMPANIES UNION.
OTHERS MAY BE INTERESTED IN THE
CONSOLIDATION OF THE FEDERAL
AND INTERNATIONAL.

Negotiations for the consolidation of the Century
Trust Company and the International Banking and
Trust Company were practically completed yester-
day afternoon at n meeting of representatives Ol
the two corporations 1t is learned that the con-
solidated company will be operated under the char-
ter of the International Banking and Trust Com
pany which contains privileges which are regarded
as making 1t exceedingly valuable. 1t Is understoOu
that the initiative in the consolidation oVertures
was taken by the Century Trust Company. which
was organized in October. 1Ss9 with capital OF
81 OOO 900 and surplus of 81 0OO and which mas
leased offices In the new building at wall ana new
sts but has never occupied them. The trustees Oh
the Century Trust Company are General Avery D.
Andrews Amz L. Barber, John r. Hegeman, Ed
win Gould A. NJ Young Silas B. butcher r h.
Flynn John c. Mcguire, Millard f. smith, D. II.
Knapp Joseph B. White, John ]. Edison, Charles
Cooper William Berri William II. Ziesler' Dr.
Iucien e Warner, Frank s. Smith and j. ). sui
livan.
The International Banking and Trust Company
was organized early last summer. with capital OF
81 OOOOO and surplus of 100000, and little Iater
opened it's present offices in the Singer Buholhs'
broadway and Liberty-st It's principal object was
stated at the time to be "the transaction OF the
foreign and domestic business Of life insurance
companies" and its charter. 1t is said' empowers
1t to do general banking business in CUBA anu the
new insuIar possessions of the United States. 1ts
president is Stewart Browne, who was Formerly
connected with the New-York Life Insurance Com
pany Joseph T. Low and w. H. Chesebrough are
the vice-presidents and Joseph B. Duer and l. H.
Froehlich secretaries.
The directors of the company are Frank Hocke-
Teller George Crocker. Robert A. Cheseorough'
H B. HoIlins Charles r. Flint, Stewart Browne
Edward E. Mccall f. F. C. Young, Joseph L. Low
Frederic r. Coudert, Benjamin F. Tracy John r.
Cowen, j. G. Jenkins, Sidney F. Tyler Clarence
B DAWSON John D. Wing, Theodore n. Price
OakIeigh Thorne Turner A Beall, Alfred NJ. Hoyt'
w H. Leyellyn, Edward w. Scott, Maxwell Wooo-
hull John McAnerney. Andrew Hamilton H. Lam
caster Williams. r. L. Edwards +. H. Couoer =
IT, w Howard Glider. ]. w. Middendorf' John
Hone E. c. Potter, Ernst Thalmann. William ID
Chesebrough Marshall 8. briggs. George w. Ell
kins E. A De Lima, Bernard Baruch, Leonard
Lewisohn, H. W. Mcvickar. Edward D. Easton'
Francisco Garcia and John c. Tomnson
An officer of the International company is au-
thority for the statement that the Century trust
Company has agreed sink its title in that of the
International company. and that the stockholders
of the Century company will probably subscribe an
equal amount to the capital and surplus OF the IN
ternational company. The stock, this same ot1cial
added will be apportoned at $50 or 200. probably
the latter figure. 49,,
century gs TPust Compsny said Yesterday that the
consolidation would in all probability be enected
that it too early yet for any one TO be able TO
Consolidated institution would be- report that
the Produce Exchange Trust Company and the
consolidation scheme received some credenee in
Wall Street from the crcumstaqee that E9win r1II9
Company is interested in the Federal Trust Com
pany, which organized few months ago by
his youngest brother, Frank Jay Gould, and Is
also trustee of the Century Trust Company. The
rumor, however officially denied by General
Samuel Thomas. vice-president Of the Produce Elk,
vce-president Of the same institution, who is re-
garded in some measure a personal represen-
tative of Mr.. Gould; and General Thomas also de-
MED that any combination of the Produce Exchange
and Federal Trust companies was in contemplation.
Another rumor current yesterday was that the
International Banking and Trust Company and the
might be consolidated with the North American
Trust Company. 1t Is said that overtures to this
end were made some time ago to the North Amert-
can Trust Company, but were not favorably re-
ceived 1t is understood that such arrangement
is likely in the immediate future. but, as mem
ber of the board Of OF the companies which
is to be consolidated remarked significantly yes
terday, this is time OF big consultations" and
1t appears to be not improbable that the consOli-
dated Century and International companies may by
and by absorb of the many other trust
companies recently organized, may in turn be
taken over by one of the older companies. like the
North American Trust.