New-York tribune., 1910-12-10

Mir. lamont's Qualifications.
One Of the most active and well known of
TIE graduates OF Harvard n the last twenty
-ears, Mr.. Lamont has been aided in his
repid advance by having very wide circle
Of aeouaintanees and friends throughout
the country. who have sent and brought
him much valuable business. At the Bank
ers' Trust Company he demonstrated his
possession OF exceptional capacity ana OF
sn initiative which enabled him 10 de-
relop the company new and highly
profitable lines
He IS said 70 have met his cofege eS-
penses In Iarr~ part by writing. and he has
always been 9 collector of books: but with
these tastes he has Joined a remarkable
Bptitude for large business ana for the
handling Of men Mr. Lamont has repu-
fation as a neEotiator, and has been quiet
factor in the achievement Of many impor-
tsnt matters: and II IS expected that in
his new work he will become one Of the
active partners. He has for years been one
of the closest friends of his predecessor in
the First National Bank. Mr.. Dawson,
and the latter is credited with having been
largely instrumental in bringing Ny La
mont into the Morgan firm
William Henry Porter was born at
Nid6lsturv. Vt. on January 5, 1861. and was
educated at Middlebury Academy and fhe
Saratoga High School. His first bank
ing employment was as a Junior clerk IN
the Fifth Avenue Bank, OF this city, tie
training school Of bankers He remained
with the Fifth Avenue Bank for eight
years. leaving If in 1856 to become cashier
OF the Chase National Bank. lie had been
~ice-president OF The Chase for seven years
when sn December. 1898, he was elected
<ioe-presadent Of the Chemical National
Bank. OF which he became president in
HAY, 1sas. upon the death Of George @.
Williams.
Mr. Porter has been a directer of the
Bankers Trust Company since IFS orsaniIa-
ecn "a -sts. In company with Mr. Dawson
md with George ". Perkins OF J. P. Nor
$40 & Co The three with Mr Lamont, were
isiEo axnong the inoorporaters IN lsss Of the
New Netherlands Trust Company, now the
Astor Trust Company.
ecrfer's Financial Connections.
Meksrs. Porter and Lamont also went into
.<he hoard OF the enlarged Guaranty Trust
Cunoany last January. after the merger
WITH that institution through the efforts
Of Mr.. Deviscn. Of :he Norten and FIFTH
tkuenue Trust companies, and Nr Porter
YVES made one Of the voting trustees, his
fa.scctstes being Mr. Dawson and George
-. Baker. chairman OF the board of the
Etsst National Bank.
Among his other corporate connections
Mr.. Porter - g director of the Fifth Ave
hrue Sank, s trustee OF the Franklin say
s2nes Bank and the Title Gl,afas+ee and
Trust Company, viee-pTesideBt and d.
frecter Of the United States Life Insurance
company, director of the Union Typewriter
Ccnpeuy, the Trow Directory, Printing and
Bookhsndins Company and n. Appleton &
c. and q trussee OF Hsfrnenfann Hospital.
. In October Mr.. Porter completed two
years Of service a. president Of the New
York Clearing House Association. q post
fot high honor IN the local banking world,
lsnd at The last annual meeting OF the
Chamber Of Commerce he was re-elect ed
as treasurer ard as member Of the
executive committee OF that body. He
was a member OF tho bankers COMMITTEES
which few weeks ago conducted irnpor-
rsnt negotiations with the English bank
saTs in the matter OF the cotton bills of
jaaing controversy, ard at various times
he has acted as representative Of the
! banking interests. Ee is q member Of
many clubs and OF the New England So
oiety and the American Geographical So
cfetr- His home Is at No SIS East 9th
sTeet, his wife. WHO was Miss Esther
Jackson. and q son constituting his family
honlas William Lamont WAS born at
tlaTcrack, N Y. on September 81 1sfs
The son OF the Rev. Thomas and Caroline
i-ayne lamont He was prepared at Phil
lirs Exeter Academy for Harvard Uniyer-
SitT. from which he was graduated in 1859
with honors- For several years Mr La
mont served in the editorial department Of
The Tribune He left newspaper work TO
go into business one Of the managers of
an importing and exporting house.
Rapid Advance Since 1909.
His StrceSs there in building up and re-
oTEanizing she business against adverse
conditions attracted the attention OF Mr.
Dawson an6 the other organizers Of the
Bankers Trust Company. and when that
institution was launched in 1858 he WAS in
S1ted 10 become its secretary and treas
rrer He was advanced rapidly with the
growth Of the company. soon becoming
E5oe-president and director. In January
$40, when lir. Dawson entered the Nor
gan firm. Mr. Lamont was elected to sue
ceed him as vice-presidenr OF the First
National Bank
ar. Lamont is director Of the First
National Bank and Of the First Security
Company. lie IS also on the boards of the
T7enkers. Guaranty and Astor Trust conf
panies. and In Ell three companies IS an
active member OF the executive commit
,ee. Ne IS q director OF several industrial
corporations, among them the Westinx-
house Electric and Manufacturing Com
psnv- Like Mr.. Dawson, Nr Lamont made
reputation for himself in The panic Pc
ricd. when bo-h were brought under the
srsn3e6iste -~rTe.ien IF hr Morgan
In me folio1iuE gear he .aade an er-
tensi-e trip among foreign ranking
centres for the purpose of establishing
saroa5 the ner travellers check and
r11c0e- order business Of the American
Bankers Association Mr. LAMONT has
beer ar OCCASIONAL contributor on financial
series 10 various periodicals In fesa he
married Ntss Florence Haskell Coraies
and hrs home IS 81 Engiewood. X. J lie
IS : member Of g number of New York
clubs
The present members Of the firm Of !
p Morgan K CO. are y Pierpont Morgan
y Fierpcnt Morgan, tr- Edward 7. Stores-
bury. Charles Steele. George y. Perkins.
Henry r Dawson, Temple Bowdoin.
Arthur z. Newboid. r5rard T. Whitney
and William Fferson Hamilton Only two
men hawe been admitted partners With
ir the last ten gears. George " Perkins