The Montgomery advertiser., 1904-03-14

he returned to private life in 4.ss position was awaiting him and he im- mediateiy became the president Of the Third National Bank of New York and has since been known as man of wide influence In political and financial cir cIes. representing conservative forces in banking, His name is known from the Atlantic to the Pacific and is a synonym for firm. sound. conservative and prop erly progressive methods of banking.
 Mr. Wiggin, the vice president of the Chase National Bank, as the first active vice president of the National Park Bank. was responsible oficer to an institu- ton with sso.00o.0Oo of deposits and strong Vanderbilt affiliations, Cornelius Vanderbilt being on the board of direc- tors and other prominent family inter- ests being represented by Stuyvesant Fish and August Belmont.
 The services of MT. Eckels as comp troller is SO recent that 1t is still fresh in the minds of the reading public. Dur Ing his service for the government In 1s9s-7 he made a national reputation. Mir. Eckels when he entered the govern nent employ was a man less than forty years of age. He had been trained for the bar being graduate of the Albany, N F., Law School In the class of 1880. but he found that his incllnations led to the world of finance rather than to courts of law. Nevertheless. his early experience as q lawyer has doubtless been of assistance to him and has con tributed to his subsequent success. He is now the head of one of the three largest banks of Chicago with wide spheres of influence extending through out the whole Northwest. He Is di- rector of many other banking institu- A~~ rAA fsw~. -a An.< Chicago traction roads, being therefore a potent influence in all the local trans portation interests of tho metropolis of the middle West.
 These men at different times in the Treasury Department have since their graduation from the training school of the government been brought into active relations with one another. Three of the four are among the directors of the financial institution which may De said to have attracted more attention during the past year than any other of the younger banking concerns in New York. It is significant in these days when so many trust companies are subJecting themselves to criticism because of their attempts to do q banking business in a. manner not contemplated by the origi- nal companies that three ax-comptrol. lers of the currency should be on tho board of directors of company which has declared that 1t will scrupulously re- frain from bidding accounts away from commercial banks and will not invade the proper provinces of savings institu- tions. This is the Bankers Trust Com pany, formed. as the name implies. by banking interests which have found that the trust companies to which they were forced to turn business were becoming active competitors in the straight bank ing field. A company composed entirely of bankers may be said to be composed of experts. These men believe that many trust companies of today havc wandered from the original intention of their promoters. and the suiding spirits of the new enterprise are of the opin- ion that the solution of the present diff faculties lies in a return to what were originally considered the essential pur- poses of such an organization. The ex- pertinent has been watched with inter. est and the rapid growth of the coni- pany has given evidence that the policy which 1t has adopted is the wise one