New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-11
JAMES I. WOODWARD DEAD
President of Hanover National
SuCcumbS to Apoplexy.

! James = woodward. for thtrty-three
Years president OF the Hanover National
Bank. died yesterday morning at his home
/ No East 56th street. following a stroke
/ OF apopIexy on Wednesday
Nj Woodward who was a bachelor
was born IN Anne Arundel COUNTY, Nd.
I seventy years ago. a descendant OF EnsIisn
| colonists who settled IN Maryland In the
early days Of that colony. Immediately
/ sfier the Civil War he came TO New YORK
and established his first business connection
! here with the importing house OF Ross
| Campbell & co. He demonstrated unusual
business ability and sound commercial judg-
ment and in a few years became partner
! in the firm.
The habit ne acquired in business Of OBJ
| serving closely the condition OF trade no.
only in his own special line but throughout
the general field stood him in good stead
as a banker In the early '10s he became
a director in the Hanover National Bank.
and applied to that post the time and at
tention that theoretically all directors 0f
corporations are supposed to devote TO their
duties In 1877 the large interest Of the
well known bankers. J. & J. Stewart, in the
Hanover National was purchased by Mr.
Woodward and his late brother. William
Woodward. ir. From that year until his
death Mr. Woodward was the banks presi-
dent
The Hanover National Bank to-day 10
among the largest i've banks in the city.
Nothing could better attest the wisdom of
Mr.. WOodWard's administration than the
fact that when ne assumed the presidency
the banks deposits totalled about $1,000
600 while at present they amount 20 abou:
500. 600. 900. II Is a sign. too OF the con-
fdence OF the community in Mr. Wood
wards policy not 20 enter the management
Of corporations in which he aid not have a
substantial interest.
The following list Of directorships IN
corporations Is small one in these days
for d man Of Mr.. WoOdward's financial
prominence Director OF the Greenwich
Bank. trustee OF the Union Trust Com
Dany, director Of the Madison Square Gar
den Company. director OF the First Ma
tionaI Bank and the Mercantile Trust end
Deposit Company. both OF Baltimore. d.
rector Of the Birmingham 6AIaD Trust
and Savings Company. director Of the
Newport Or. l. Trust Company and d.
rector OF the Southern Railway Company.
But Mr. Woodward was sverse 10 being a
dummy" In any capacity and in any
sense Of the word.
His enninence as a banker was recOg-
niZed on October g. 1898, when he was
elected president OF the Clearing House
Association. Before this his advice had
been sought by President Cleveland in the
financial difficulties which beset the lat
ter's administration. In the panic OF 1907
Mr.. Woodward was chairman OF the Clear
ing House committee which had the whole
situation in charge. He worked day and
night at the time. and to his ssgacity md
industry is due in no small degree the
comparative ease with which the country
weathered the storm
Aside from business Mr.. Woodward led
an active and useful life as a trustee OF
the New York Hospital, Of ST Johns Col
Iege. Annapolis. and vestryman Of St
Thomas's Church. Here again the concen-
tration Of his social service was shown.
He always maintained a lively interest IN
his native state, where he had a pIanta-
ton. which he often visited in search Of
outdoor recreation. He was a member Of
the Southern and Maryland societies OF
this city. He was also member Of the
Society Of Colonial Wars.
The clubs he belonged 10 include the
following: Metropolitan, Union. Knicksr-
booker. Riding. Suburban Riding and Driv-
ing and Midday. OF this city, and the
Maryland. Of Baltimore He was lifelong
Democrat The only near relative sur
viving him Is William Woodward. his
nephew. who IS a vice-president Of the
Hanover National Bank
The funeral viii be held in St Thomas's
Church on Tuesday afternoon at $50
o'clock The burial viii be in the Wood
ward plot IN Voodlawn.