New-York tribune., 1901-02-27
TRUST COMP4yTEs TAKEN OVER.
THE NORTH AMERICAN GETS THE HoL-
LAND AND THE CENTURY.

In q statement issued on Monday Charlton T
Lewis and II. Il. Hollins. directors Of the North
American Trust Company Of New-York. said that
the only combination made or in contemplation by
their company the one with the Trust Com
pany OF New-York. the Of which stated
correctly in the papers Of Friday February q; and
that the assertion that the North American Trust
Company owned a controlling interest IN any ma
tional bank was without foundation. adding: In
view Of the absence from this city OF President
Oakleigh Thorne. these directors feel themselves
called upon 10 make this statement
James b. Dill. also a director of the North Ameri-
Trust Company of New-York when asked on
Monday afternoon regarding a statement purport-
ing TO have been given out by President Thorne
last Saturday and announcing the taking of
control Of certain corporation trust companies by
the North American Trust Company OF New-Jersey
which is closely affiliated with the North American
Trust Company OF New-York, said that that state
ment had. at the request of Mr.. Thorne. been
duced writing and by his direction given out TO
the members of the press Mr. Thorne sailed for
Cuba Saturday
Mir. Lewis yesterday said that the statement is
sued by Mr.. Dill Saturday regarding the North
American Trust Company of New-Jersey securing
control OF the principal corporation registration
companies OF the country was exactly correct It
the fact. Mr.. Lewis said. that the North Amer
lean Trust Company did not q corporation
a majority Of the stock OF any national bank al
though he added certain stockholders OF the trust
company had also large holdings of the stock OF
port that there any friction among
the members of the North American Trust
Company Board were absurd and that when he and
Mr.. Hollins issued their statement they not
aware that President Thorne had authorized the
publication Of the statement referred by Mr..
Dill as having been issued by him in accordance
with President Thorne's instructions. Mr.. Lewis
said further that while il fact that the
North American Trust Company of New-York had
in contemplation further consolida ton with any
other trust companies. II might be found advan-
tageous for 1t 10 take in liquidation certain
additional trust companies: but he declined to
whether not negotiations with such end in view
were in progress with any companies at present.
Later in the afternoon 1t reported that the
Holland Trust Company and the Century Trust
Company had been acquired by the North American
Trust Company of New-York. An officer Of the
latter corporation confirmed the report as 10 the
Holland Trust Company, which he said would be
taken in liquidation.
Mr. Hollins who Joined with Mr. Lewis IN the
statement printed yesterday morning, said yester-
day That the statement made by Mr.. Dill 10 the
effect that the statement purportng TO have been
given out by President Thorne was authorized and
was given out under his directions, was correct
The Holland Trust Company, the Offices OF
which are No. 80 Cedar-st-, was chartered in
1883. Its president is J. D Nermeule and its sec
to a late report, are John D. Vermeule. George
N Van Hoesen Robert B Roosevelt. Joseph :.
Stout Joha Swinburne H B. Silliman James
Clark, William Jay Ives. John ". Nroonan, John
F. Roosevelt. J. II. Washburn a. q. Bogert. b. F.
Eosburgh, John w. Murray. Charles 2, whiting
Toorhis. It's capital is s5ooo0 ana its surplus
a bout SS5 .Geo.