New-York tribune., 1912-08-30
TRUST COMPANY MERGER
Guaranty May Take Over
Standard and D7uble Stock.

The Guaranty Trust Company. II is un-
derstood, will probably within the next
few months absorb the Standard Trust
Company, although no formal steps in
the negotiations have yet been taken.
The merger would materially increase the
Guaranty's lead over the Bankers Trust
Company. which is its close but friendly
rival for the honor OF being the largest
trust company IN the United States and
with the taking over Of the Standard
the Guaranty is expected 10 Increase its
capital stock from S5.OCO0lO TO SlO,O00.OO0,
equalling the stock Of the Bankers Trust
Company.
The report that the Guaranty would
take over the Standard first gained cur
rency last March, when James NJ Pratt
retired as a vice-president OF the former
company to take q similar Office with
the Standard and Charles II. Sabin. VICE
president of the Guaranty. and Albert H.
Wiggin, president OF the Chase National
Bank, who is a Guaranty Trust director,
were with Mr.. Pratt elected directors OF
the Standard Trust Company.
Mr.. Sabin, when asked yesterday about
the merger rumor, said:
There has absolutely been no PROPOSE
ton made y the Guaranty Trust Company
10 the Standard Trust Company along
lines OF merger or purchase up TO
this date. Whether there VIII be one uiadc
IN the future ] am not IN any position to
say. The matter has never been brought
before our board OF directors in any
shape, form or fashion.
He added in response to a further ques-
ton, that he did not care to discuss the
report that the Guarauty's stock would
be Increased TO 100000. as that would
be a matter which the board of directors
would have 10 decide.
The Guaranty Trust COMPANY which
for several years has been housed IN tho
Mutual Life Building, Is before the end
OF this year 10 move into handsome
new home Of its own. now being COM
plotcd, at Broadway and Liberty street
and II IS assumed by Wall Street that the
merger with the Standard will be con
summated before the new structure is
occupied.
Guaranty Trust stockis quoted At .l,ol5 bid
and N.03o asked. these figures being about
500 higher than the quotation at the be-
ginning of the year The stock paws 81
per cent regular dividends yearly and 5
per cent extra. the total OF % per cent
comparing with 10 per cent paid By tho
Standard. Il Is understood that the rate
which viii probably be paid on the 80
'0o,oO stock OF the Guaranty after the
merger will be "a per cent The merger
will BE- effected. IL Is reported. by an ex-
change OF stock on the basis OF about
two shares OF Standard Trust Tor one
share Of the Guaranty. The capital stock
OF the Standard Is $1,000
The surplus ana undivided profits of the
Guaranty and Standard companies aggre-
gate ctO5j,GJp. against 3l5672g'O for the
Bankers Trust Their total loans were
reported in the iast weekly bank state
ment as Si15,SJS0Uv, against the Bankers
Trusts SlJ5. ~ 1p. and their deposits a.
Sl52.3ss.""0 against Al@ssSJoo for the
Bankers.
4 year or two ago there were ncgota-
tions for merger OF the Standard with
the Columbia Trust Company. but they
fell through. owing 20 inability OF the two
institutions 10 agree on the price TO be
placed on their shares. Subsequently ia.
Columbia abSorbed tho Nnlckerbocker
Trust Company and is now known as
the Columbia a-Knickerbocker Trust Com
pany.