New-York tribune., 1911-01-11

elected The stockholders OF the Coel
and Iron National Bank confirmed the re-
cent election of w. j. Harahan as a dl-
rector and also elected II. l.. Joyce mem
Der Of the board to fill vacancy and re-
elected the old directors. Lorenzo Bene-
dict was added TO the board OF the Mer-
chants Exchange National Bank. and Gil
bert H. johnson. one of the directors. was
elected vice-president, all the other d.
rectors of the bank being reelected. Ed
ward c. Wallace, OF w. II. Wallace & Co.
was elected a director Of the National Park
Bank
In the Plaza Bank W. F. p. Hoffman and
T. II. Victor were elected directors one TO
succeed II. A. c. Taylor, resigned, and the
other TO fill a vacancy. John NJ. Haffen
was elected q director OF the Twenty-third
Ward Bank to flll vacancy, and Charles
T. Bogart was added to the board, which
was thus increased by one member. the
other directors being reelected. The stock
holders OF the Bank OF the Metropolis
elected II. Elmer Glib. president Of Mills
G. Glib, director TO succeed the late John
s. Huyler and reelected the other direc-
tors. Martin ]. Quinn. of f. c. Benedict
& Co, was elected a director Of the Ger
man. American Bank to fill vacancy. The
stockholders of the State Bank elected John
Knelsel, assistant cashier. director TO
succeed Jacob G. Simon. 7. j. II. Whit
taker was added to the board Of the
Chelsea Exchange Bank; the other directors
were reelected.
Warner Van Norden, formerly one of the
controlling interests in the Van Norden
Trust Company (now the Madison Trust
Company and the Twelfth and Nineteenth
Ward banks, resigned as director Of the
Mercantile National Bank. His place on
the board was not filled. but the other re-
firing directors were reelected.
Hungarian American Increases Capital
The stockholders OF the Hungarian
American Bank reelected the retiring di-
rectors and also elected Hungarian ad-
visory committee OF fifteen members, made
up Of representatives OF the foreign inter-
ests which now control the bank The
stockholders voted unanimously in favor
Of having the officers and directors take the
necessary steps to increase the capital and
surplus OF the bank from $4,000 TO $1,000
600, which increase is TO be taken up by
the European interests. The action of the
directors in arranging 10 move the bank
from No. So Broadway to No. lH Fifth ave-
nue. was also approved. The board subse-
quently organized by electing P. Robert G
Sjostrom, president; Eugen Boross. vice
president. and A. Howard Watson, cashier.
The directors Of the following banks were
reelected yesterday:
National Banks--F1rst. National City.
Irving National Exchange, Importers and
Traders. Fifth. Market and Fulton, Chase.
Gallatin, Chemical, National Reserve.
Merchants, Bank OF New York, Seaboard
New York County. Hanover, Sherman.
East River. National Butchers and Drov-
ers' and Second.
State Banks-Bryant Park. Columbia,
Germania, West Side, Bowery, Metropoli-
tan. Peoples, New York Produce Exchange
Nassau and Bank OF Coney Island
At the annual meeting OF the Fifth Ave
nue. Safe Deposit Company the retiring
trustees were reelected.
Kenneth X. McLaren, formerly treasurer,
was elected president of the Corporation
Trust Company TO succeed Howard X.
Wood, who resigned as head of the com
pany I'm order TO devote his time 10 his
mercantile interests in Philadelphia.