New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-11-17
BINS PLAZA BANK STOCK
,,oion Trust Obtains Control of
Uptown Institution.
Dark BANK IS THE SELLER
Man Allied with Latter Said to
Nave Sold Because of Federal
ADMINISTRATIONS Attitude.

.,a,,ons have lust been completed, II
ooupced Yesterday as result OF
va interests identified with the Union
VIZ" Company acquire a large majority
IL" stock of the Plaza Bank and stock
4" Of the latter institution become
hO,o, of stock of the Union Trust Com
psny r., C,or,no,,., which already
-" branch at Fifth avenue and SSth
i~s has for some time been planning 10
's,shlish another uptown branch not far
the Plaza Bank; and 1t is expected
-, the alliance now arranged viii ulu-
~ ,.iv lead 10 the combination of the bust
n the Plaza Bank and the Union
r-rust Company
,u..rssts associated with the National
- rank bought largely into the Plaza
- in 1895. and at the annual meeting or
-. latter bank, on November IL of that
eight Park Bank directors entered
hoard. The National Park Bank in
.s,s now have four representatives on
=. plaza Bank board. President Richard
so,5 John Jacob Aston and Charles
$500 who have been directors since
~ nd Thomas f. Victor. other uptown
hanks with which the National Park
80, is similarly identified are the Mount
90 IN which Park Bank interests be
stockholders early in February. 1899;
~ Mutual Bank in which STOCK was
s.,,,bt in March. 1902, and OF which three
~o,,onal Park Bank men are directors; ana
-. yorkyille Bank, I'm which an interest
..,,,ce6 10 be less than control was pur-
eh.sed early in 1902.
Tho National city Company recently let
i. 10 known that it purposed selling its
1o,dnes Of stocks Of various banks, when
"a hsen transferred 10 IL by capitalists
.@us,ed with the National City Bank.
.h,cb had bought these stocks and held
.Aer, for several years in the interest of
,A., institution. and it was reported that
.h1 purchasers were TO be the City Bank
,,,srests which had turned over these
,,ocks 10 the National City Company
II was announced a day or two ago, how
aver that the National City Company had
.,.oosed Of its large block of stock OF the
Rank OF the Metropolis to the Bank of the
Manhattan Company, instead OF transfer
ing IL back TO the individual National city
rank interests, and il was said In some
marters yesterday that the controlling
..ock in the Plaza Bank, which has been
so5 10 the Union Trust Company. included
,bs holdings of the National Park Bank
,n,.rests. which were inclined to take the
visw that the attitude of the federal adj
nipistration would make it advisable for
them 10 arrange TO terminate even the
Indirect control OF other banks which Is
represented in the holding of stocks In
these institutions by individuals in the ap-
parent interest of the National Park Bank.
The Plaza Bank, organized in 1891 has
had q successful history and has LOT
,veutv years been located at 5Sth street
and Fifth avenue. It's business having
grown far beyond the capacity OF the ola
hsnking. rooms, however a lease was OBJ
tanned of the quarters at Goth street and
Fifth avenue. occupied since last January
bv the Equitable Trust Company for its
Madison branch. The Plaza Bank took
possession OF its new quarters on Noyem-
Der IS.
The last published statement Of the Plaza
Bank shows capital $4,000, surplus s475.-
,C and deposits Of slightly over $o.OOooOO'
". McMaster Mills has been president Of
he Plaza Bank since January, 1896, and It's
directors. in addition TO the four already
named. are 3. Beinecke, John f. Harris,
Frederic dep Foster, c. w. Parson, Fred
sterry and Alfred G. Vanderbilt.
The Union Trust Company, on its state
rent of September o. showed capital
n 10000, surplus S,9iO0OO, and deposits
II more than $54OOOO0o. Edwin G. Merrill
S president. and the committee are II.
Van Rensselaer, Kennedy w. Emlen Roose-
'elt. y. Parker Shortrdge, Charles II.
Tweed. James Speyer. William Woodward,
Walter y Rlfss and Frederic dep. Foster.