The Washington herald., 1908-03-23
KEEP TO HEAD BANK
One Time Chief of Commits
sion Fills New Place.
WITH KNICKERBOCKER TRUST
Former Washington Man Takes the
Place as President Of New York
Financial COncern-FinaI Plans
Made for ReOpening Of Its Doors.
New Directors Are Selected.

New York. March 22-At a meeting Of
the board Of directors Of the Knicker-
booker Trust Company held late Satur-
day night the final plans for the open
ing Of the trust company were completed
and the new board of directors Ar 10 q
new president named. fail-
/ 4. Foster Higgins. who has 7 -neu lie
titular head of the company since the
death Of Charles T. Barney, resigned. and
Charles Hallam Keep was selected by
the voting trustees appointed by the
stockholders, TO succeed Mr.. Higgins
/ The meeting was held at the Fifth
avenue Offices of the trust company
/ Henry c. Friek. Myron T. Herrick
Lewis Cass Ledyard. who compose the
voting trustees. and Herbert l.. Satter-
lee. counsel for the depositors. and sew
eral members Of the old board OF directors
who are to have a part in the new or
ganlzation OF the company, were pres
ent
a corps Of sixty special accountants
has been working day and night IN two
shifts on the books. and It was decided
on Saturday that things were FAR enough
advanced to make it possible to open at
noon on Thursday.
Announce Keeps Change.
The voting trustees then made known
their selection Of Mr.. Keep. who will
/ leave Albany tomorrow and at once take
Up his work with the Knickerbocker.
Mr.. Keep had already been selected by
the voting trustees as one Of the new
directors when selected 10 head the COM
pany.
! He is a graduate OF Harvard Univer-
sity. class OF 50. and Of the Harvard Law
School. After being admitted to the bar
OF New York State, in Erie County, he
practiced law in Buffalo In 1893 he was
appointed Assistant Secretary OF the
Treasury. where he remained until Janu-
airy, 1907. when he was appointed super
intendent Of the banking department OF
the State of New York by Gov. Hughes.
In June of last year he was transferred
by Gov. Hughes to the public service
commission for the Second district Of
New York. of which he is now a member.
While Assistant Secretary OF the Treas
ury. Mr.. Keep was appointed by Presi-
dent Roosevelt as chairman Of the So
called Keep Commission. to inspect the
business methods OF the executive de-
partments. which revised to a large ex-
tent the methods OF doing business in the
various government departments at
Washington.
New Directors Named.
The voting trustees also made known
the names of the new directors to-day.
with the exception Of three men. whose
/ acceptances in writing had not vet been
received: Frederick 6. Bourne. capitalist.
I ex-president of the Singer Manufacturing
Company; G. Louis Boissevain banker.
OF the firm OF Kean, Want CortIandt &
Co. Franklin Q. Brown. banker. of the
firm of II. S. Redmond & Co: Dumont
Clarke. president Of the American Ex-
change National Bank; z. II. Clark. man
ager OF the Hearst estate; J. Horace
Harding. banker. of the firm Of c. T.
Barney & Co.; Charles F Hoffman, real
estate and investment; Charles r. Keep:
Hindstill Parson. vice president and gen
eral counsel Of the General Electric Com
pa ~: Herbert L. Satterlee. lawyer. Of
the firm of Ward. Hayden & Satterlee.
and president Of the HabirsHaw Wire
Company; William A. Tucker, banker. Of
ths firm of Tucker. Anthony & Co: Pavne
Whitney. capitalist. director Of the Union
Pacific Railway Company
None Of the gentlemen named would saw
anything tonight concerning the new ad-
ministration or its policies. except that
they had already been pretty well made
known.