The Providence news. (Providence [R.I.]) 1891-1906, 1901-11-26
NEWPORT
TRUST co.
ORGANIZED
Formal Action Takenby Stock
holders al Meeting in Indus
trial Trust Banking Rooms

Tho Newport Trust company. which
was incorporated at tho present session
of the general assembly, was organized
at the banking rooms OF the Industrial
Trust company at Newport this after
noon.
This company Is the outgrowth Of
movement on the part OF the Industrial
Trust company 20 increase the scope OF
its business at Newport by allying it.
self with new and important interests.
The means adopted for the accomplish
ment OF this object has led 10 the In
corporation aud organization Of the
"Ncwport Trust Company in which the
Industrial Trust company is the largest
stakeholder.
Tho Newport branch or the Industrial
Trust company, which was formed about
two years ago by the absorption of the
old National Bank OF Rhode Island OF
Newport" Will be merged into the New
port Trust Company"
The directors and stockholders are men
well known throughout the country, and
represent large wealth and Influence.
IL is proposed TO erect a commodious
modern fireproof banking building, with
safety deposit vaults, upon the site of
the present building owned by the Indus
trial Trust company, on Thames street,
corner of Commercial wharf.
The capital stock was fixed at 100000
and It was all subscribed for at $40 per
share.
The stockholders are The Industrial
Trust company; James Stillman, presi-
dent of the National City bank, New
York; James r. Woodward, president
OF the Hanover National bank. New York;
II. Mckay Twombley. director New YORK
Central and Hudson River Railroad; f;
Thomas +. Ryan, vice president Morton
Trust company; @. G.. Haven, of finance
committee OF Mutual Life Insurance COM
pany; r.. Rollins Morse, banker OF Bos-
ton: VIM. g. Rocker, director Union Rail-
road company; George Dewitt New
| York; Edward j. Bernnd, president or
| Bcrnind- White Coal company, Elbridge T..
| Gerry Lewis Cass Ledyard Hon. Levi
j. Morton Harry Payne Whitney of New
! York; Nathaniel Thayer. of Boston; sam
uel =. Colt, Hezikiah Conant, Richard n.
\ Robertson. James NJ Scott William "a.
| Perry Arthur J.. Kelly, Hon. Joshua Nj.
/ Alderman, Frederick Tomldns Angus Nc
| Ieod. Hon. jeremiah w. Horton, Hon.
| George Peabody Wetmore, G. L. f. Rob-
| inson John w. Ellis, Thomas +. Peck
| ham, Hamilton u. Tompkins. Henry F.
| Eldridgo of Newport. Cyrus i. Brown,
| Geo. F. Baker. Richard A. McCurdy,
| Joseph &. Hendrix, Augustus ID. Juilllard.
| George q. Haven, Jr,, Samuel Freeman,
| James X Corbere of New York. Hon.
| Samuel j. Hovey, Hon. Nelson w. AL
| drich, and Arthur I. Kemp, Martin Eiche,
| j. w. Haven, Hon. Frederick j.. Garrett
| son and Seth b. French OF Newport
| The company was organized as follows:
| President Frederick Tompkins, former
| president of the National Bank OF Rhode
! Island of Newport and chairman OF lhe
4 Newport branch Of the Industrial TRUST
| company: vice president. Angus Mcleod
| treasurer and secretary. Thomas Il. Peck
! ham former cashier OF the National Bank
| of Rhode Island Of Newport and man
| ager OF the Newport branch OF The IN
| dustrial Trust company. directors, George
| r. Baker. Edward j. Berwind. Samuel T.
| Colt George @. Dewitt, Henry u. FL
! bridge. Elbridge T. Gerry. G.. q. Haven
| jeremiah w. Horton, Thomas a Lawtoi
| Lewis Cass I.edyard. Angus Mcleod, r.
! Rollins Morse. Levi +. Morton, c.. l.. r.
| Robinson. William c. Rocker. Thomas n
! RYAN. Jacob II. Schiff, James Stiilman
/ Henry A. C. Taylor. Nathaniel Thayer
I Frederick Tompkins. IL. Mckay Twomb'
! Iv George Peabody WetmOre, Harry
| PAYNE whitney James Il. WOODWARD
| committee on organization. q. @. Haven
| Henry A. C. Taylor Frederick Tompklns
! committee on building, Edward ) Yer
| wind. Samuel r. Colt. Henry Il. Eldfdse
| O. l.. T.. Robinson. Henry a. g. Taylor
| execntive committee. Thomas a. Lawton
| Angus Mcleod g. l.. r. Robinson. ttenrN
| 4 q TavIor. Frederick Tompkins; III
| ,estmeut committee. George Il. Baker
| samuel p Colt, George c. Haven
| Thomas +. Ryan. James Stillman.