The Washington herald., 1907-06-16

The United States Trust Company has
sent out a formal notice that It viii be
ready for business. at Gil Fourteenth
street. tomorrow. at the usual banking
hour. and thereafter every business day.
This company has been in process Of or
ganization for several months. Il had
its inception in the minds Of a number Of
real estate men and capitalists Of this
city. who believed that there was room
for a trust company which should have
for one Of It's objects the financing OF
real estate operations, and for another a
general trust business in which prominent
capitalists Of Washington and the South
should participate.
The foundations Of the company were
slowly and carefully laid. and last Jan
uary Richard E. Claughton q well-known
banker Of Washington. was elected treas
urer. and commissioned to secure the
stock subscriptions TO the company,
which were limited to S1.O0O0o0. Mr..
Claughton had associated with him at
that time most Of the men who had taken
part in the formative stages Of the com
'pany.
Company Receives Charter.
Encouraged by the support given TO the
institution. a board Of directors was
formed and the company chartered under
the laws Of the District OF Columbia
March IS. Prior 10 that time Daniel n.
Morgan. Of New York. was elected tenn
.porary president of the company During
the intervening months new directors
were found. and the company much solid
fled by the addition of substantial capt
talists in Washington and elsewhere.
On June u II. Bradley Davidson was
elected permanent president Of the com
pany. and will have charge Of It's affairs.
Mr. Davidson Is q Maryiander by birth.
being q native Of Montgomery County and
a member Of d well-known and distin-
guished family His education was re-
ceived in the public schools and in Prince
ton University. where he was graduated
in 1880, at the age Of twenty. His law
course was taken in Columbia University
law school. and he was admitted to the
bar in the District of Columbia in 1883.
Served Several Banks.
Mr. Davidson's business In Washington
has been largely confined to real estate
and finance. He has been q member Of
the firm Of Davidson & Davidson since
1855. He became a director Of the Lincoln
National Bank at the time Of its organi-
cation fin 1890. and for several years was
its vice president. He was a director in
the Citizens National Bank and In the
West End National Bank from May, 1883.
20 October. 190L
Nj Davidson had prominent part in
the organization of the Commercial Ma
ti5nal Bank i'm 1904. and has been a direc-
tor I'm this institution Up % the present
time His election 10 the presidency Of
the United States Trust Company was
unanimous, and was In recognition Of his
abilities as a fin8ncier.
Mr. Davidson is a member of the Chevy
Chase Club, a member Of the board Of
governors Of the University Club, and
director Of the Young Mems Christian As
ISOLATION.
Omcers and Directors.
The officers and directors Of the com
v7ny are
oiEccrs-H. Bradley Davidson, president; II. \.
Winter William 7. Oliver and Kigaa'd vs.. Beall.
vice presidents. Charles 4. Douglas. general counsel
Richard T. ClaVgb-or, treasurer; James TrimbIs,
secretary. and Daniel y. Morgan, auditor.
Dirrctgrz-James NJ Baker. assistant librarian of
l. s. Senate and director United States Savings
Bank; r. ". HeaI. vice president Citizens Savings
Bank Joseph j. Birch. f., grocer; ". q. Garter,
vice president g Golden & Co.. wholesale commits
sion merchants. r. A. Chester, vice president Of the
Commercial National Bank, ". ". ChisWeil, vice
president n Peoples Mutual Insurance Company;
I1a--H-H-r treasurer III. Bradley Davidson
director Commercial National Bank and Davidson g.
Davidson. real estate, charles Hall Davis president
Aup maf-cv Trust Company. Petersburg, Na., Charles
A. Douglas Douglas & Douglas. attorneys, AMI
president United STATES Savings Bank. b. J.. Du-
lfusv capitalist, Creed ". Fulton. Leckle, Fulton &.
Cox. attorneys. T. a. kite salesman W. H. Mar
tin Dglin a Martin Co.; %. #. Martin. att1ruey-at-
law Roanoke We: p. r. Mdyette. presiden: of the
j. E. Iidyefre Company. Richmond Va, Prank p.
Mlb1n. i. L. lillsrn & Co., architects. architects
for Southern EaiI@ay Company; Daniel r. Morgan.
auditor and former United states Treasurer GeTs0n
N0rdlirrsr. 81. Philiusbou & Co.; William J. oil
YER railroad contractor and president ot the WI
liam J. Oliver Manufacturing Company Knoxville.
Tenn and director Mechanics National Bank
Knoxville, Tenn; a. II. Plant. comptroller Of the
Southern Railway COMPANY William /. Penfeld
attorney and former Solicitor for Department Of
state. T. Su-izEs Poole agent Fidelity and Deposit
Company rf Baltimore. Nd, Oliver 7. Sands presi-
dent American National Bank n Richmond and
Of Bank of Commerce and Trusts. Richmond. Va.
and former national hank examiner for Washington
J. c.; T. Flankliu Schneider architect and director
National City Bank. Charles vs. Semmes president
a. semmns-keliy Company. Wholesale gr0ceTs. Fred
erics g.. Stevens. president ot Commercial National
Bank; VI. A. Winter president ~ 4. Winter Com
TanJ and rice president q the United states sav-
ings Bank South Trmble, former Member Of Con
Fress Of Seventh district Of Kentucky and c. T.
Wood. president Of Wood. Harmon x Co., and di-
rector ot Washington Exchange Bank.