The Washington herald., 1907-01-18
BUYS Home ABROAD
President StiIlman in Paris
and May Not Return.
WANTED BY COMMERCE BODY
Member of Rockefeller Group Of FL
nanciers, Who Sailed Secretly, Tells
Friends OF HIS Pians-Arranges to
withdraw from Active PartIeIpa-
tiOn I'm National City Bank.

New York. Jan. IA report which
reached this city to-day that James
Stillman has bought house on the Pare
Monceau, in Paris, was partially confirm
ed at the National City Bank Mr.. Still
man told his friends that Il was his in
tention when he sailed from this country
on January to buy a house IN Paris.
and although nothing definite had been
heard from him in regard 20 the matter
It was presumed that the report was
true
The news Of Mr.. stillman's purchase
Led TO revival Of the story, which was
circulated after he had sailed on the
kaiser Wilhelm II. that he intended 10
make his home IN France, and probably
would not return to this country. Frank
A Fanderlip, the City Banks vice presi-
dent' who will be in charge while 8ir.
StiHman is away. said to-day:
Mr.. Stiliman is not going 20 remain
abroad permanently. II he has bought a
I house It was a very natural thing for
him to DO. as he has been spending some
Time Ia Paris In recent years. and pur-
poses TO make visits In the future. Ma
turally, he would prefer a house Of his
own TO a hotel"
From some Of Mr. StHlman's friends It
was learned that he is planning grad
I ually 70 withdraw from active particips-
ton in many Of the enterprises in which
he has been connected. Il was said that
ne has withdrawn from a few directorates
already, and has gradually been deIegat-
ing 10 other persons supervision over the
details OF the National City Banks az
fairs, which for years have been man
aged by him personally Mr stllman's
friends denied, however. that he con
templated Withdrawing from the presi-
dency Of the institution
His Return Is Uncertain.
Re was merely desirous Of being re-
lieved Of many Of the details. AT the
City Bank II was said that it was in
definite when Mr. Stiliman would return
from his trip abroad but he would prob
ably be gone two or three months. The
statement was reiterated that Mr.. Still
man would cut short his stay if II was
found that the Interstate Commerce Com
mission needed him as a witness.
After Mr.. Stillman had sailed, without
having his name put or the passenger
list of the Kaiser Wilhelm. the National
City Bank officials said that he had not
been in good health for more than a year.
For TWO weeks before sailing he had been
III Of the grip and had been confined
10 his bed most Of the time His ply
sicians II was said. recommended sea
voyage
Mr.. Stillman was in France four or FIVE
months last year, sailing about the same
time that he did this year. one OF his
friends gave II as his opinion yesterday
that the president Of the City Bank prob
ably would hereafter spend that amount
Of time in France every year.
Mr.. Stillmau." said this man. is a
great lover Of fine arr he delights III
collecting paintings and other works Of
art He has a house fun OF valuable art
pieces in this city. and il is undoubtedly
hts intention 10 make a collection In a
Paris house, just as J. Pierpoint Morgan
has made his famous collection in a Lon
don house"
VIII BE Wanted to Testify.
It is the general belief Of those who
have followed the Hartman investigation
before the Interstate Commerce C0mIis-
sion that Mr. Stillman will be wanted.
He might, it has been suggested, be able
to give a detailed explanation Of the
transfer Of 100000 Southern Pacific
stock to William Rockefeller and 60 make
it clear whether OF not any Of the direc-
tors Of the Union Pacific had anything 70
60 with the p1ol which broke James r.
Keene's attempted corner, sent the stoc,,
tumbling downward and then brought Il
up again. Mr. Suilman IS a director o.
the Union Pacific Railroad and of several
other Of the HarrimaG corporations
MT. StllmEn has been president of the
City Bank for a good many years, and Is
one Of the most powerful Of the Rocke-
feuer group of financiers The City Bank
is one of the largest # not the largest,
institutions Of its kind in the country. II
is the bank which has been used by the
Standard oil group magnates IN financing
the most Of their deals. IL has a capital
stock paid In Of S25.H4,e0. and its total
gross deposits amount TO S26.NA4l5.