Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-02-19
VIRGINIA ORGANIZES
[OAN|N|G CORPORATION
.sM 'SAS$&A1 OO.sA O1sAs 49,
roWers in o city alone amo,irted 10
SIS 900 in a single year. ,y Wy

- 100
SIS 900 in q single, year. NY i
The fundamental principles Of tn, Nor.
ris plan have not only stood the test Of
experience III this country, but he cX.
perience Of European countries is fur.
their confirmation of its value. According
to the statement given out today il is an
adaption Of the principles Of the Schultz
Delitzsch industrial banks chat revolu.
;tionized che financial and sociological
conditions in Germany and Austria over
fifty years ago, and of the Luaatti modi-
flcation Of this plan that mas been in sue
cessful operation in Italy for half a cen
fury. Tho adoption has been fitted to
American conditions and laws, based ap'
on the principles to be found in the ex-
perience Of American banking.
J The organization committee Of the In
dustrial Finance C%oropation is composed
Of Dr.. F.. r. l.. GOULD. New York: chair
man; Fergus Reid ana Arthur Morris; Of
Norfolk, Va. W. r. Craig. Samuel l..
Fuller and Charles Fl. Sabin Of New
York. Amonk those in New York; city who
have cOOperatcd with the organization
committee. are DR.. Nicholas Murray But.
Ter. W. D. Sloane, Eugene II. Outer
bridge, Andrew Carnegie, Mrs. T.. IT.
Hartman, Vincent Astor. Avcrcll Harri-
man, Joseph S. Auerbach, Theodore p.
Shonts, NeWcOmb Carlton, S. \. Lewis
john. Willard Saroaight,. Edwin S. Mars
ton, Frank c. Littleton.> George c.
Ward, Arthur Curt!ss James, James Nc.
Lean, Seth Low, W. S. Hawk, Oscar
s. Strauss, Herbert L. Satterlee, Henry
r. :Towne, Francis Lynde Stetson, and
Messrs, Mollett. Roe and Regain. wba
have acted as the bankers in perfecting
this enterprise.
When the plan was presented in Chi.
cago julius R~osenwald, the presidcn: Of
Sears. Roebuck & Co.. promptly gave it
his approval and support and became a
direct proof of the corporation in order to
take an active interest in its affairs.
The board, Of directors Of the Industrial
Finance Corporation is national in its
representation and includes leading cit.
ICES OF many important cities. As com
pleted today the members of THO board
are:
New York City: DR. Nicholas Murray
Butler, d.. . r. l.. Gould. w. il Craig,
W! d. Sloan, Joseph S. Auerbac'l n.
Outerbridge, $. l.. Fuller. Raymond Du
iPuy, Newconb Carlton, s. a. Lcwisoln,
Theodore +. Shonts, Charles r. Sabin.
Willard StrniGl1. Vincent Aston. Stephen
NJ. M,llet, Edwin 5. Marst,m. Oscar >
Straus. John = Macarthur. DR.. j., w.
jerks. :. ,. Z.
Chicago. Ill: Julius Rosenwald.
st. Louis, Mo-: A.. l.. Shapleigh, George
d. Markham. 49,. g
Birmingham. Ala.: Robert Jamison.
Baltimore, Nd: Henry +. Baker, Red.
mond c. Stewart, G.. I. T. Gould, +
Springfield, Mass: Joseph Shattuck,
Ralph p. Alden. z
Richmond, Va: Oliver !. Sands. .
Washington, u. c.: Hon. Nothan e..
Scott, Frank S. Bright.
Denvol, COL: +. s .Kessler. I'VE
Atlanta. Ca: Frederick ]. Paxton, Hols
Inns N. Randolph, w. Wods White.
Noralk. Va. Arthur J. Morris. Fergus
Reid, IT. T. Campbell. r. S. Garnctt. Jr.,
Preston S. Gotten, {. Fl. Farrell. the first
president of the first Morris Plan com
pany.
Philadelphia: J. Il. McAllister, Charl-
ton Yarnall, Louis X. Kelb.t 'ls
One of the principal offices of the In.
dlstrial Finance Corporation is in New
York. After the company is we'll under
way it will have offices in Chicago.
southern office in either Norfolk, Va, Or
Atlanta. Ga. and at a, later date an OF.
flee on the Pacific Coast.
The board of directors will hold their
first meeting within a week, in New