The news-democrat. (Providence, R.I.) 1906-1909, 1906-05-14

ern National Bank, New York and Mr..
Metcalf, the new president
AT a later meeting OF the board addi-
tional members are TO come in, indicating
that under its new auspices the business
of the bank is to be greatly extended.
Among the additional members to be
elected are: r. A. Smith, for many years
president of the City National Bank and
treasurer OF the Mechanics Savings Bank;
Charles II. Newell. formerly treasurer OF
Slater Trust Co, Pawtucket; +. s. Je-
rome. president OF the First National
Bank and Thames Loan & Trust Co. OF
Norwich, and treasurer OF the United
states Finishing Co: Henry Dimse. presi-
dent of the Northern National Bank of
New York. r. R.G. Sjorstrom OF Einstein.
Wolff & Co., New York. importers OF
laces and embroideries and other well
known business men Of Providence
The directors OF the bank who are to
reuain are the following well known
local business men: James 8. Kenyon OF
Burrows & Kenyon, John NJ Dean OF
John NJ Dean Co. Frederick w. Hart
well, secretary and director Of the Gener-
al Fire Extinguisher Co. Orrin T.. Jones'
Henry Fletcher OF Fletcher, Burrows "a
Co, manufacturing jewelers.. and a PROM
inent member OF the city council and
Henry w. Harvey OF the Harvey and
Otis Co.
The new president OF the bank, r. p.
Metcalf. has become prominent in Prsvi-
dence business circles as president OF the
Ola National Bank
Mr.. Metcalf is native OF this city,
born in 1859. He was educated in the pub
lie schools and at Worcester Academy. At
twenty he went into business and at
twenty-four was appointed assistant
treasurer OF the Carolina Mills Co.
l.
Rhode Island Hospital Trust CO., and ac-
auired through this connection a thor
ough experience In practical banking In
1893 he accented the SUPPLEMENTARY OF
the Rhode Island agents for the Mutual
Life Insurance Co. In 1898 the comptroller
OF the currency ogered him the post OF
bank examiner for Rhode Island and Con,
necticut. This position he held until 1892.
when the directors of the Old National
Rank Of this city elected him TO the pres
idency OF the bank
The effect OF his personality and expert
ence was az once noticed in the expan-
sion OF the banks deposits. Beginning in
1902 with 1905 by the end OF last year
the deposits had risen TO s3.42o29 500.
IL In felt that no better choice for the
presidency OF the Atlantic National Bank
under the new auspices could have been
made. Mr.. Metcalf has both the person
ality and the experience necessary TO
achieve the ends proposed by the new
control He Is highly regarded in business
circles. being a man OF sound enterprise
and business Judgment.
The new cashier OF thu Atlantic Ma
tional bank. r. w. Peabody. was until ac-
cepting his new post paying teller In the
United National Bank OF this city. Mr.
Pea,etr-crtr-rrf trItJ ttrr vmproy OF the
National Exchange Bank about 30 years
ago as clerk Five years afterward he
was appointed bookkeeper of the Com
merciai National Bank. and soon after
became paying teller.
In 1902 he accepted tho post Of paying
teller AZ the United National Bank In
such high esteem was he held that many
customers transferred their accounts 10
the bank with which he became identified
Mr.. Peabody is major Of the First LiGht