New-York tribune., 1911-01-19
NASH OUT OF PRESIDENCY
,,,or % Years Takes Corn Ex-
'' chance Bank Craftsmanship.
nay OF ANNUAL MEETINGS
v.rcantile Trust, Without a
Head Since 1907, Elects
william G. Poillon,

-, ,-sstiaCs Of the stockholders Of a
- financial institutions were held
n-i',5,v and the directors OF some OF them
yes'-,.-.ry organized by electing officers
NO.SS- ..s sDs..irz year. The principal changes
f -. election of Walter Z. Frew as
rs ,..-+ ~ the Corn Exchange Bank, 70
go william A. Nash, who declined a
-.,,.-,o- and was made chairman OF the
- directors. and the election OF Will
po.von as president Of the Mercan-
81 -. COMPANY. which has been with
t.7 hesd since rhe resignation Of II. G.,
T.rlng n 1871
--.,.7,s~,rr himself Of the details Of the
~ 4 bank presidents work TO be-
~. .sirr1ar of the board Of directors Mr..
en- ,.,o has been head Of the Corn Ex-
N1s P.r, for tvenry-etght years. nas
raaIs the example set b the heads Of
rD., o.nsr large banks within the last
S-s Another change made in the
TO s,s4s az the Corn Exchange Bank
ol-'-. lection o. William r Nichols or
'Ss ,.,.~sr Chemical Company. as vice
t's -, m succeed 0Ir. Frew. The other
P--.-- 81 GERS were reelected.
T'..1'5 80 was formerly president Of the
M r,r--v Bank. Of Long Island City,
0-'5-s nat institution was merged with
-. rorn Exchange Sank IN lsss ne "ss
- yl.e-p-@s.len- Of the latter.
Frsws Banking Activities.
-. vas chairman Of the American bank
-. ~ rsdirE committee which con-
81 e. re successful negotiations for q
d-..'- d.,'-,.~, of -1s bill Of lading controversy
7.-,. f-~sfz- bankers last fall. and he
VIZ 80 The Corn Exchange Bank at
s'9---I.rs70s e. the house Of Paul D. era
4 " .,a r.zl- 5t January $, when steps
'A'- -, nv +. p. Morgan and other Lead
Ne. -,,,-s ~ relieve the situation Of the
- ~~rst Company and the Twelfth
"a - yt7s.ser-a Ward banks which were
Az ..,.s sv the failure OF the carnegie
4 r-1s. Compz-v. 49,.
v5rism C PoU'n. the new president OF
'us--a-.r- Trust Company. has been
60 with the company since 1889
=. entered It's service as I clerk. and
-.,.-,1 Years has been one OF It's VICE
"-,s.,-s r5s was born In this city on
,..-.-,ss- =. L-2, and after being educated
4 .~.l,, and private schools entered the
-. - the city OF New York as stu
q -. In Juv. 1925, be was promoted 10 be
II ..,.,,, treasurer Of the Mercantile Trust
4 ---,.,r and In March, 1901, was made
....--sr. on January %, 1904, he wes
1 ..,,as yics-prssident. and held that place
I .,,r ysst.rday. All the other retiring on
cars n -5s company were reelected
-5s DELAY ia eIectiDg a successor to Nlr.
rs-rt,r AZ head Of the Mercantile Trust
r,n,arv vas due, IL is understood. TO the
4 ,,,, .sst the ownership Of the institution
~, IN doubt until J. ?. Morgan bought
,,-,rol Of the Equitable Life Assurance So
,.-- witch controls the Mercantile.
Il No Longer Need for Delay.
Il r.s the possibility that the company
III -e., se sold 70 outside interests should 1T
u = ,scsssa~v for the Equitable 20 dispose
q g, stockholders under the Armstrong
szAst held the appointment OF prssi-
tr-h stevarce. but az that possibility no
-s- existed since the Morgan interests
e-n control of the Equitable. and there
~ fhs Mercantile there was no longer
II lr5 reason Cor delaying the election OF
ssisrt Of the latter institution.
he annual meeting Of ths stocEhoid-
oate Columbia Trust Company Harold
czrs Of White. Weld s, Co, was add
do the soa-9 and the outgoing directors
vEs 7s-elec-ed.
he stockholders Of the Fulton Trust
,z=2ary elected James :. Alexander a
-gstts IN place Of the late Joel T, Free
-11 and reelected the other trustees,
Tie directors Of the Metropolitan and
j-utaa Trust companies and the Trust
Nnrsry o. America we're re-elec-sd. The
1ar5 OF directors of the Trust Company
egan.ze5 5v re-elsc-ug President Oakleiah
Il n9rre and mos. rf lie other officers. Will
ln T. Lsa7p retired as vice-Dreside1r,
a. William g. Low, r.. was chosen as
As successor. Edugrd L. JIdson, former
assistant treasurer. was elected secre-
az 20 succeed Frank L. Hilton. who re-
-es 20 enter private business. Carleton
sncs, who has been an assistant secre-
aT was appointed .y the board as man
as" o. the Colonial branch Office, with
e'orge Y. Drew as assistant mana ger.