New-York tribune., 1903-01-14
ELECTIONS IN THE BANKS.

ELECTIONS IN THE BANKS.
All the national banks in this city. except one or
two which have special charters. held their an
nusl meetings yesterday. The shareholders OF '"D
Western National Bank adopted RESOLUTIONS ~
carry into effect the proposed consolidation OF Ihe
National Rank ,f the United States with the West
ern National Bank of the City of Ncw-York- Near
Iy all the shareholders of the bank were rept'-
sented a the meeting. and the actioh was ui'''"
nous The new bank will be known as the w es'e'h
National Bank of the United States in New-York
Its offices will he the present location OF She
Western National Bank The names OF the ne"
officers and directors will he announced as soon as
the consolidation is consummated IN its de'd'is-
Many changes made in the composition o.
the board of the Mercantile National Bank, WHICH,
according present plans VIII soon a'S"ip t"e
National Broadway and Seventh Natlouai pauNS-
The stockholders approved a proposition Of the
directors for an increase of capital stock from III"
preseut figure 81 ooOG00 to not more than S3Vp9'''
increased the size of the hoard from h!'een ~
nineteen and elected Tie following ooa'" " VI
rectors: Charles T Barney, Robert t. Cio"ry'
William Nelson Cromwell. Edwin Goud "Iidih
Haven yer Edward T. Ieffery Emanue' erll''@,
Seth NJ MfIjken Charles W Morse Mlies VI
OBrien Augustus G. Paine, George ~. % =,
FREDERICK B. Sche1ck. William skinner Nl''id'n ~
TavIor Edward r. Thomas. Robert NJ iho'i'pS0''
Warner Van Norden and Isaac Naldt''
The directors rs-elected are MessrS- 'ehsh'A.
Skinner Paine. Sargent. Lehman "a'ia..
Milliken OF the members OF the DodI' w.
C'IovFr
understood the Seventh National Bank interNs'S'
Mesers Morse O'Brien and Havemeyer. the morse
interests and Messrs- Cromwell. Thomas ana 70"
Norden represent individual interests. Is u
6erstood that the capital of the Merraht'le
tional Rank Kill be increased to about $295ovS me
- stocl In no issued at 100. for the purpose OF
taking over the stocks OF the Seventh ana >dlio"'
Broadway. 1t is intended to operate 'ne eiia
Mercantile National ii commercial DallK- u l.
learned and not as a Wall Street institution
in inc
artb National Bank the election OF w -
Curtis of Sullivan Cromwell IN place Oh 'n
late Samuel Thomas Adolph Fuseh anu
I<eboe were el .cted additional directors OF the VA
tional Broadway Bank
-. ,ar, mon entered the Board of Directors
of the Liberty National Bank Rogers MdN
we'll president of the Atlas Portland Cenlent I'm
panv: D. G. Reid chairman of the ooaro u u
rectors of the Chicago. Rock Island anu TaOii'
Ioi1-oa5 r-on,nanv and member Of the executive
committee of the United States Steel corpora
ton; Douglas Alexander. vice-preslaent u
Singer Manufacturing Company and Chdrles II
stout Mr. Stout, who resigned as VICE
nro.idert of the First National Bank to ac-
cont the vice-presidency of the Liberty goes
there it is understood. to represent tne Fl'Sl
National Bank and the new interests OF NeSsl =
7 p Morgan & Co. In November the oanK IN
creased it's capital which. together WIN i'7 SUI
rIus and profits stands at SzS""o
The official staff elected yesterday was: b. Z
Converse president: Charles Stout and Henry =
ink ViCe-preSidentS,
ier; Frederick P. McGIynn. assistant cashier ana
Henry p Dawson. chairman of the executive COM
rnittee
MFR Converse the president, was formerly preSl-
dent of the National Tube Company. ana IS now
member of the executive committee OF the United
States Steel Corporation He moves his ofhce 10
the new building OF the bank at No l39 broadway
which was opened on Monday 3
Mr. Dawson was elected yesterday director
Of the First National Bank. to which institution
no v,ent Last summer as vice-president. resisntnS
for that purpose the presidency of the Liberty
National Bank.
In the National City Bank P. A. Valentine OF
Armour & Co Chicago. elected director to
succeed Robert Facou. resigned Mr. Bacon a
week or two ago retired from the firm of j. T.
Morgan & Co Cyrus f. Mccormick president
of the Mccormick Harvesting Machine company
of Chicago. it was announced. had been elected to
the board a few weeks ago. s F. Aloeck was
elected an assistant cashier.
Edwin Hawley. president of the Iowa Central
and Minneapolis and ST. Louis roads. succeeds the
late Samuel d. Babcock in the directory OF the
American Exchange National Bank.
General Thomas Fl. Hubbard, Francis H. Leg
gett George H. Macy and Bayard Dominick are
among the new directors of the National Shoe
and Leather Bank
r L. Cutter succeeds Frank j. Gould as a d1-
rector of the Central National Bank.
Samuel Adams and Alfred j. Cammeyer have
been added the board of the Garfield National
Bank.
the board of the National Bank of North America.
John H. Carr is director of the Market and
Fulton National Bank.
John E. Borne president of the Colonial Trust
Company. was elected director of the National
Park Bank.
The Board OF Directors of the New-York National
Exchange Bank was increased from thirteen to
fifteen lnembers. and William j. Rogers president
of Borden Condensed Milk Company. and Frank
w Woolworth OF F. W. Wooworth & Co.
members
In the Seaboard National Bank E V. Loew
tired and ]. F. Thompson. cashier, elected di-
rector in his place.
In the Leather Manufacturers National Bank "
Everit Macy elected in the place Of W. H.
Macy.
In the Mechanics and Traders Bank I. L. Elm
stein was elected a director In the place of w r.
Ryan.
In the Merchants Exchange National Bank
Charles H Dale and Edwin +. Jackson, jr..
elected additional directors.
In the Peoples National Bank j. Hegeman Fos-
ter was added the Board of Directors
In the Consolidated National Bank George p.
Butler and ]. Fl. Sweetzer elected additional
directors.
In the Equitable National Bank Charles L. Tay-
lor and Phelps Smith elected directors
TRUST COMPANIES AND STATE BANKS.
The North American Trust Company held it's an