The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-28
NEW YORK BANKER WILL
REMOVE TO RICHMOND
S D. Scudder Vice President Of the Century Bank Re
signs to Become Vice President and Treasurer Of
Richmond Trust and Savings Company


Mr.. S. ID. scudder, vice president
| OF the Century bank. of New York,
an institution OF high standing there
with more than ten million dollars
Of assets. has just resigned that .oa3ce
| to accept the vice presidency and
| treasurership of the Richmond Trust
| and Savings company OF this city, and
! will move to Richmond 10 as ume the
| duties OF his new Office on Decsr1her
LIST
Mr.. 2cudder has had an extensive
/ experience In the banking and trust
company business during the past
twenty-five years.
His In the son of DR.. Silas D. Saud-
der who was the partner or D".
Marion Sims Of Alabama, famous fer
his skill and disc overies in surgery.
DR.. Scudder and Dr, Sims were po-
tential factors In aiding Mrs. Dore'
mus In the esta blshment OF what is
now the Womans' hospital OF New
York Mr. Scudder's grandfather. Or.
John Scudder, was widely known 80
the first American medical missionary
to India. and on his deathbed in in
dia he sent a message To Mr., Scndder g
father, then practicing medicine III
New York. to come out and carry on
the work, which MIR. Scudder's grand
father had begun there, and In onedi-
ence TO this call he gave up brilliant
career In New York and sailed fer IN
dia in 1869.
Mr. Scudder's mother was norn In
New Jersey and lis a descendant OF IN
old Dutch family, the Van deg Neers'
who came to this country in lb"5
Fifteen Years In South.
Mr.. scudder is thoroughly familiar
with the South. having spent fifteen
years OF his life in the Soutnern
states. and all OF his children we're
born in the South.
After finishing a five-year course in
Germany, he began his business ca
reer as clerk in the New York ohice
of the Bank of Montreal. On ac-
count of his health, he moved 70"
years later to Texas and accepted the
State agency for Texas of the Scttt;sh-
American Mortgage company, oI
Edin burgh, Scotland. He conducted
in Texas. In conjunction with the hChd
and mortgage business. a general ire
insurance business, representing the
Germania Fire insurance company, OF
New York, whose business he sfea ~
enlarged He was steadily promoted
and in a few years was made genciai
Southern agent OF that company. Win
headquarters in New York
Enters Banking Business.
Being attracted t. the banking busi-
ness. he accepted service in 1904 with
the North American Trust cor'nnny
which subsequently became the Trust
Company of America, and became rs
treasurer, acquiring in the years ne
spent with that company thorough
knowledge Of all branches Of ths
trust company business.
In 1909 MIR. Scudder accepted the
presidency of the Jefferson bank. OF
New York. the deposits of which. I'M
der his administration. were. In
short time. increased nearly twoiold.
or from about 100000 to about
$1,000 900. In July of this year, the
Jefferson bank was consolidated with
the Century bank. the 'consol'date m
stitution. of which Mr.. Scudder be-
came the vice present. having assets
OF over 800 100000 Mr.. Scudder has
lust resigned from the Century bank,
10 whose prosperity ne contributed
much, To accept the Office of vice pres
ident and treasurer OF the Richmond
Trust and Savings company.