New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
CITY BANKS CENTENNIAL
Employees Will Celebrate Ami
versary To-day.
AT Mr.. VANDERLIP'S HOME
There Will Be a Circus and an
Open Air Performance of
"She Stops to Conquer.

The National City Bank will be one hum
dred years old tomorrow, and in celebra-
ton OF the centennial anniversary the City
Bank Club will hold its annual outing this
afternoon and evening at the horne OF
President Vanderlip, Beechwood, at Scar
borough. where programme of entertain
ment more extensive than in former years
will be provided for the 40 employees OF the
bank and their wives and sweethearts, who
will Journey TO and from SCARBOROUGH In
special train.
At o'clock this afternoon. the weather
permitting. the first feature will be pre-
scented, In the form OF circus performance
of an hour and a half to be given In big
tent on the grounds by the John DAlma
circus. Some OF the performers VIII be
the Orloff brothers. with Sensational
Feats on the Triple Horizontal Bars; John
D'Alma's troupe of trained dogs pony and
monkey a "Joyously jolly Comedy Num-
ber." introducing all the clowns; Miss
Dolly Julian, In feats OF equestrianism, and
Mile Ouika Meers. the Dashing Equestrl-
enne. Assisted by Danny Ryan, the Fa-
nous Clown supper will be served On
the lawn, and at 1880 o'clock George Ober
and his Sylvan Players will give an open
air performance of she Stops to con-
quer" with Mr.. Ober as Tony Lumpkin.
II had been rumored that at to-day 4
celebration there would be a public an
nouncement of the pension plan on which
committee OF officers Of the bank has been
at work for more than year. but IL Is
understood that the plan has not Yet been
perfected and approved by the directors.
1t was proposed some time ago TO marx the
centennial by the publication OF book
which should give a complete and detailed
history OF the institution. but the idea was
abandoned few months ago. after good
deal of the material had been prepared
History Of the Bank.
The National City Bank, now the largest
banking institution in the United states
received a state charter as the city Bank
OF New York on June l6, lsl2, two days
before war was declared between this coun-
try and Great Britain. 1t was one OF nine
teen banks which had obtained New YORK
State charters prior to the outbreak OF
the war seven OF which became national
banks under the act OF 1858. The City Bank
purchased and occupied the building owned
by the New York branch OF the United
States Bank. and one OF its first corporate
acts was the purchase OF government bonds
TO aid in financing the War OF 49, The
banks original paid-in capital was sSoooO'
AT the call Of the Controller OF the Cur
rency as OF April IS, 1912, the capital. sur
plus and undivided profits aggregated
s53, 800 534.
The first home OF the bank was on the
site of the present No. SO Wall street In
which building II had It's offices for many
years prior TO the close Of 1905, when the
removal was made 10 the present nome
across the street, which from 1863 up 10
1899, when il was acquired by the National
city Bank, had been the New York Custom
House. This building was remodelled ana
enlarged, although little alteration was
made in It's outer appearance It's equip
ment and convenences are surpassed by no
banking house In the country.
The National City Bank has had eleven
presidents, beginning with Samuel Osgood
and including Moses Taylor. Percy H.
Pvne and James Stillman. the latter re-
firing In 1893 TO become chairman OF the
hoard and being succeeded by Frank a.
Vanderlip. The twenty-four directors, prac'
ticaIly all of whom are business men or
bankers, represent the most important mer-
camille and financial interests OF the United
States.