New-York tribune., 1909-01-13
BANKS HOLD ELECTIONS
GEO. T. BAKER RESIGNS
F. Il. Hine First NatiOnd! President
-Hr. StiIlmGR RetireS.

George 2 Baker resigned yesterday from the
presidency Of the First National Bank and Francis
L. Hine the senior vice-presdert. was elected his
successor an3 James StfElnan retired as president
Of the National City Bank. Frank A. Nanderlp
being chosen in his place. The change in the Ma
tioaal City Bank had been generally lo"kea l"''
bat the retirement Of II. Bake came as sof-
prise 20 the financial district
The annual meetings Of stockholders Of all OF the
national banks and most OF the state banks IN the
CITY we're held yesterday. and the usual number oi
changes IN direcr0rates occurred, few. however
being Of striking significance
The 2e.v board Of TIE Second National Bank VIII
meet on Tuesday for organization. when a sue
cessor 10 aIr- StiTnan. no also retires presi-
dent OF This bank. viii probably be chosen. The
meeting Of the Consolidated National Bank was ad-
journed for a few days. and IL is understood that
important charges IN the b ard VIII be made
ar. Baker. who has for many years been 81 the
head ,ot the First National Bank, which is one OF
the largest and strongest institutions in the coun-
Try with capital f Slo |9Gf5 and surplus and
undivided profits in excess OF 100000 had planned
10 lay down che burden Of the presidency year
ago, and would have carried out his intention at
taat time had not the panic occurred
II The panic period he and Mr.. Stillman were,
with Mr- Morgan PROBABLY he most conspicuous
individual factors in working out measures OF relief
from the threatening disaster. Both he and Mr-
stiman, in taking their present step, Will retain
q connection with their respective banks, in which
the Office Of chairman Of the board has been created
to= each. post which has up 10 this time existed
:n only rational bank Of this city. the Chase.
Nr. Baker is director officer in many railroad.
banking and industrial corporations. ana Will con-
tinue in that relation 10 them. while Mr.. S-ilman
IN the last year has retired from the boards n
many important corporations.
: Francis L Hi1e. the new president Of the FlTs,
s National Bank IS about fifty years old. and vas
/: born al New Milford. Conn He came TO New y orh
as boy ana entered the employ Of the Nasha-
vannuck Manufacturing Company. of which he Is
now president In 1871 ne organized the Astor
Place Bank. becoming its president This bank is
] now branch of the Corn Exchange Bank In De
Z oember, 1896 Nj Hine went to the First National
Bank as cashier, and years later was made
3 vice president.
4 NT. Hine is 4 director of the Liberty National
Bsnz. the Brooklyn Trust Company. the Rock Isl
8 and Company. thu chicago. Rock Island d Pacific
Railway Company. she Kansas Ci,y. Fort Scott &
s5ezuphisN Railway Company. the ST Louis & San
4 Francisco Railroad Company, the Chicago Fast
ke-n Illinois Railroad Company. the National Biscuit
4 4Corpany. the American Cotton oil Company. the
United States Rubber COMPANY the Home life In
surance COMPANY the Fidelity Fire Insurance Com
spany, the Niagara Fire Insurance Company, the
1Securities Company. the Jersey CITY Water supply
fCcynrauv. William Cra1lp & sons Snip and Engine
Buildirg Company. the United Rank Note Corpora
Stforl and The East Jersey Mater Company. He is
,sso .ice-nrosidenr and director of the Review Of
sResiews COMPANY and director Of the Union
Theological Seminar. His hoT2e Is ~ No q West
,s-Sd street this city
A r Hepburn. president Of the Chase National
sBank of which Afr Hinc vas elected a direct ar
Avesterday and Thomas y. I-l.on-. who on J1nI-
la-v became - zice-president II tre First Ma
5ional added u IKE board of directors Of the
Batter institution.
Frank a H-andefli2. vja becomes The head Of
sthe National City Bank fhe largest bank in the
scosntry has had remarkable career. Born on
November i. 1864 and therefore less tnan forty-
give years old. he attended the public schools Of his
snative tovvr. III and t1en sron- ear A.
.the University Of Illinois. where he worked his