New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-06
PARK BANKS PRESIDENT
RICHARD DELAFIELD CHOSEN TO sue
CEED EDWARD E. POOR-HIS
SPLENDID RECORD.

The directors OF the National Park Bank ycster-
-sv unanimously elected Vice-President Richard
T4eaaeld 70 the presidency OF the institution
successor TO Edward E Poor. whose resignation.
due 70 his continued I'll health. had been offered
and accepted days previously. The presi-
dent Yesterday received congra tulatory calls and
messages from many friends.
In promoting Mr.. Deaield TO the presidency OF
-na National Park Bank the directors have m
7,t--ed mat important position competent man.
- the prime OF his powers, who is thoroughly
,7,sfn-ed with business conditions IN this city,
who Is an excellent representative not only OF the
.oune and progressive business element in this
metropolis. but OF OF those old mercantile
families who have made the city.
He was born September 6. 1853. within the dis
rrfct now embraced under the charter Of New
york City, al brighton, Staten Issand. His
father was Rufus King Delaheld, leading mer-
chant II his day From boyhood he has shown
himself the vigorous scion OF a family prominent
IN THIS mart OF the country since Colonial DAYS and
Il IS Circumstance not without interest that hts
forbears were prominent under the name OF DE
"a Field" in France nearly ten centuries Mr..
DelaaeId IS thoroughly American and proud
OF his ancestry; and while practical and level
headed a man 10 spend any appreciable amount OF
tine upon the societies founded on descent from
soldiers and public 81 Colonial days, he is
entitled 70 membership n many OF them and there
flows II his veins the blood OF General Joseph
Hallett. OF Hauett's Cove Long Island; Will
fam Bard, son of Washingtons physician. and
various other leading Of the early times. Alex
ander Hamilton the godfather OF Rufus King
DelafeId
\ long and thorough training IN practical affairs
and a varied service IN financial institutions have
preceded Nj Delafeld's election the presidency
os The old Park Bank. After his education at the
Anthem Grammar School IN this city Mr.. Delaield
in 1873 entered Z mercantile house here as a clerk
and mastered the principles Of the commission
business with little delay When II became ap-
parent that Il could safely be done the business
int-usted 70 his management and in 1880 seven
years after his start IN life ne embarked IN
mission business with California at his risk
Some embarrassment was experienced in the early
years Of this effort owing the failure Of the house
Of William T. Coleman, of San Francisco but Mr..
DeIaheId ex-ricated himself IN a creditable man
from this, and The firm Of Delafeld, Morgan,
Atssei d CO. was finally succeeded by Delahe4d.
McGovern * Co. which now ranks first IN this
line q business. bears fine name and deals ex-
tenSively in the products Of the Pacific Coast which
are consigned 70 the house a commission basis.
The firm has some Investments in Pacific Coast
enterprises which are tributary 10 IT'S trade, and
Is regarded among the safe, conservative and sue
cessful merchants Of the city.
M DelafeId has made constderate use Of some OF
the opportunities which have fallen him
InerciaI life, and with a taste for finance has d.
rected his activities mainly direction Of banks
and insurance companies. Good management OF his
affairs. 4 factor Of much Importance 70 those
upon whom devolves the selection OF officers for
city, excellent judgment Of and practical
knowledge OF actual conditions led his selection
10 the directorate of the National Park Bank on
December g. 1890 This institution has always had
& remarkable board OF officers and directors and
has enjoyed IN q wonderful degree the confidence
OF the merchants Of New City; and while its
deposits yet the largest town. they stand
second IN the list and in the number OF depositors
Il is certainly among the first Mr.. Deafel6's good
Judgment. ability and ea-nestness IN the acars Of
the bank attracted the attention OF the Board and
stockholders within q few years, and al the cleo
ton June ! 1896 he was made vice-president Of
the institution. and has since become a strong
working force IN its affairs. CnfaiIing cour-
resy 10 every having business with the bank he
has nevertheless shown himself firm and cautious
IN al matters. and far his influence has ex-
tended the bank has pronted by his connection
with T. As its president his field OF usefulness
has wider scope. and. considering the difficulty
with which important banks find men who come
Up 70 the fun stature Of what president should be-
AIr. De!aheld's election is a high tribute 70 his
abilities and fidelity.
Mr.. DeIafeId has q good record IN other enter
prtses. and ne is now vtce-president OF the Colo
NAL Trust Company and director Of the National
Surety Company. the Mount Morris Pank the
Plaza Bank, the Frankfort American Insurance
Company. the Thuringta American Fire Insurance
Company and the ScarsdaIe estate IN all Of which
his advice and services highly valued
4 number Of the benevolent institutions OF the
city have made him member Of their boards OF
officers. and Mr.. DelaAeId is also member Of the
Union League. Merchants Church, Racquet Tux
edo and New-York Athletic clubs and the Sons Of
the Revolution He is also a vestrynan OF Trinity
Church.