New-York tribune., 1910-01-18
TO DIRECT A BANK
MRS. H4RRIM4N TO
HAVE VOICE.
Increases Night and Day
Holdings to Acquire
Control.

The holdings of the Hartman estate
and of Joseph ". and J. Borden Harri-
man in the Night and Day Bank. have
been increased recently, it was learned
yesterday, to an extent that gives them
control of the institution. The Lew
lsohns it is said, have also added to
their holdings of the banks stock and
will work In harmony with the Harri-
man interests in the management.
Mrs Mary ". Hartman. widow of
Z. H. Hartman. ii was said in well in
formed quarters. would hereafter take
an active part in the management of the
institution. She will be the first wom-
an to have an important voice in the af-
fairs of a bank in this city Even Mrs.
Hetty Green, who is regarded as one of
the shrewdest business women in the
country, and who for years made her
headquarters at the Chemical National
Bank had no voice in it's management.
Since the bank moved into it's new build
ing she has made her headquarters at
the National Park Bank
The fact that Mrs. Hartman has IN
creased her holdings in the stock of the
Night and Day Bank and will become
active in its affairs sets at rest the re-
port circulated at the time she sold the
Hartman estate holdings in the Guar
anty Trust Company, that shei would
dispose of all the stock holdings of her
husband. with the exception of the rail-
road shares.
From what source the Hartman and
Lewisohn interests obtained their addi-
tional stock is not known, but it is be-
lieved that some of it came from the es-
tate of Charles T. Barney, which has
recently been Iiquidating its holdings
of the stock of certain corporations.
Only yesterday it was announced that
this estate had sold 1000 shares of
Of New York to Edgar j. Levey. the
president of the company.
The new controlling interests in the
Night and Day Bank intend to pursue
an aggressive policy in the management
of the already rapidly growing institu-
ton, according to reports, and there
was an uncon1rmed rumor that a
the Hudson Terminal Building.
At the annual meeting of the stock
holders of the bank, held last Thursday,
two new directors, representing the Har-
riman and Lewisohu interests. were
elected to vacancies in the board They
were Charles G. Tegethoff, private
secretary of the late E H. Hartman,
and Martin Vogel. a lawyer, of No. Is
Broad street. Mr. Tegethoff, it is un-
derstood, took Mr.. Harriman's place
on the board, while Mr.. vogel succeeded
Albert D. Bennett. formerly president Of
the institution, who resigned some time
ago William H Chesebrough. another di-
rector has also resigned. but no one
was elected 10 his place The other re-
tiring directors were re- elected and the
board subsequently organized by re-
electing the officers for the ensuing
year
The Night and Day Bank was organ
ized by Oakieigh Thorne. president Of
the Trust Company of America, and mis-
associates, and was opened for business
on May 4, 1905. The deposits in the
first five minutes amounted TO 100000,
and the bank was success from the
start. Mr.. Thorne was the first presi-
dent He retired later in favor of AL
bert D. Bennett who remained at the
head of the institution until January 16,
1908, when he resigned and was sue
ceeded by the present incumbent, Sam
uel s. Campbell. At the same time Mr.
Thorne and his associate directors. who
had disposed of their holdings in the
stock Of the bank. retired from the di-
rectorate.