New-York tribune., 1910-06-12
ISiIAGDBANKS TO MERGE
!, Institution To Be LARGEST IN
t's ~ ,,'i, country, Except One.
..orr,l is s2o.ooo,ooo
.+ol and Commercial
'.,. o.nts and Trust Companies
rxpected to Unite

hen virtually competed II
rsns ha'' com Chicago. for bank me-
Innol.,.t .sst city which VIII Fesu" ,,..,,t,,- :.
o ne - the largest financial ins-o@ -.
sFrns'loa 1-nited states. with 'he s-ls-e -s".
sr % u me National city Bank OF '>e" ',.
rsEiion Q .,.,,ons between which aI1o me
"a. t1s r1''..- -. sre expected 20 nc inu-
-sis hanks which figure IN 'ne
Tss Chioas. !, negotiation are the
s.o, s'rsnse-.e- national Bank. the Anne'ioau 2.
o5rins,..s' ssr,ngs Bank, controlled DS ~
rrsi sl1 . - National Bank and 'ns
y CoH'ill7'7,. -,,,st and savings Bank Their
'.-1-1sIe'1- - ss NJ March / showed oe-
si5rnee -. - 80 oss loans and discounts OF
- : and cash holdings e o. 60, 80 60
3. sS... -',-s,tal National Bank nss
2. ..nitsl stock and on NsTcn I.,,.- =, ~,F ne
s@ les+ report 10 the Con,ro'Le. -. -
fis o. " ,,s deposits we're SS'S,-'e.s'so
Af Cul'sl-l, ard undivided profits Ns'SIs-
rl its SUI IIl--.-,-.,sl National Bank me
= Ihe -, IS S7.eoaoao, had on the
s1l -. - So ss6ags deposits ano Ss,o'S.sr' -.
srE = s,s undivided proris. - 80,
r-G.ss S--- ,7-i,b the S25ooo.G9 cap''a'
rs CO... az M deposits ana so oSs'.5g sur
seak tl'.1..+ -e.s n The National city BslN-
lgi sl- ,,,g.i-,7+ion. which viii proOaolE
Ihs hs .bs i-ortirentel-CoraTnerciai
So sank will, it is expected, ha'e
80, y, !, sa0eO ~ ard Viil outrsnA - ~
fPlal y -,-.,tars1 Bank Of chicago. F'hioh.
lis N, :. a. ~, ,spitsl stock, surplus ana
r-h Is go -, r,s- slncso. 90 snd depcsits
roli' = -. s,n a. has been up 90 th's
soS-- ,a-vsst national bank outsAoe q
as - 7, is said in Chicago that Georse ',.
o.rno,ss. president Of ne Coh'lleil.ai ..n...
:. III iii be president Of the institu-
's'i'-.-.. ~ merger and George Z hon-
to- 2-ls- = ne Commercial National,
-, q the board.
: Tr5gs Z. H. cary. Nho Is Z oIec,ol -.
=. commercial National, and Frankilh
r,.rh Secretary Of the TreesurS' arc
fI...s.s -, :, have been taking q leading
- negotiations for merging the
-, The First National Bank. II Is
- v++h which The Norgan-Ffrst Ma
is-.l interests in this city sre e+lleo' re
= ,ssred 10 increase its capital ano
=, - .hs Commercial National, but the
= ~ss declined in favor Of the allaanos
=, .5s Continental Nsttcnsl.
o-ss, Armour IS among the most i'm
-. ts,,ers il TIE board Of the Con-
s,.-,.l Nstionsl Samuel McRooerts. for
= -rsssu-er Of Armour & Co, who last
$50 nAcs-1e e president Of the
c.-.,,.l civ Bank. o1 which Mr. Armour
=. hs.--s 5i-er-or fer g year or 50. Is z
1-,,~ r. the Continental National
- : TsIber.. who vas elected 8 Woe
-.-5sr. Of -be National City Bank in Oc-
.sr o. last year. came 70 that place from
A. -9ss presidency II +he Commercial
vrtl1nsI Bank ~ Chicago
,--ns ne directors o. The Two banks
ar. 70 be merged. IN addition TO MesSrs.
L s-r,r- and Car. are 2. Z Iyeye-hauser,
). 7v-bs- king; Michael CUdshy, like
r. Armour Z representative Of the great
rs.gi-r INDUSTRY. f. r Ripley president
he Atohisor. Topeka 6 santa re. and
isssrt T Lincoln. president Of the Pull
ru C1npsnv.
Il Much speculation has been heard in Wall
srsst as 10 The recent apparent inactivity
.hs National CITY Bank interests, in
- q tfs aggressive policy Of the Nor
1-.Flrst National party, ss seen in the
s,-1Kilcn n M Morgan n the control Of
7quiisble Life Assurance Society, with
dominant interest I'm the National Bank
4 # Commerce and The Mercantile and
5gi2blc Trust Companies, snd in the
'E.Hsse n control or the Guaranty Trust
7uFRny. and the merging With il OF the
s'rf1n and Fifth Avenue Trust Companies
;am Ihs largest trust company in the
r1ry. II was sUrrniscd IN the Street
'is-dsy that fhe arrangement now being
astscrsd in Chicago might have as q con
In motive tire purpose Of the National
sank - exert an important influence
E-as national banking deid ~ the West
E1Th close relation with the greatest
E,orsl hank in that tezTitory, as il itself
~ hrges- institution IN the national
-lsi'E ned OF The East.
- relations between tho two great
tl1as groups in tins city are those of
s'' eut not OF hostility. and in the
a. '9sr Or TWO the good feeling has been
"a tines displayed iF The association
2 Morgan & Co, The National
aank and the First National Bank in
operations = similar mutual attitude,
-'s De expected. viii be taken by the
Nslonal Bank ri Chicago, in the
- N which are two directors Of the
.-N >siionsl Bank of New York. and the
i-lornmercial National Bank OF
ss9
'elsn Arnour ana James 4. Patten
7e largest holders Of miscellaneous
ago bank stocks. owning. respectively.
e s1d 32q srs-es .,-.-5z..,.- "a,