Evening journal., 1915-04-30
L. scnTT r0MNsENp.s mpENpING CHANGE.


WI lDEsPREAD interest has been aroused in hnan-
wv cia, commercial and industrial lcirces IN this
city and State by the announcement that l.. Scott
Townsend for twenty-six years connected with the
Security Trust and Sale Deposit Company and at the
present time its vcepresdent and treasurer. will re-
linquish his office treasurer Of that company on
June next and become yice-president Of Laird and
Company bankers and dealers in investment securi-
ties He will continue, for the time being least,
president and member Of the directorate of the
Security Trust
We think the public will agree with us when we say
that Laird and Company. which already is recognized
of the leading houses of its kind the Del.
marvia Peninsula is exceedingly fortunate in having
been able TO obtain such competent and popular
man as Mr. Townsend for of its executive officers
and active members Nor do think that anyone will
question the accuracy of the statement that Mr. Town
send is exceedingly in having been able to
obtain substantial interest in and TO become Of
the leading officials Of such representative banking
and brokerage house Laird and Company has become
in the comparatively short time that has intervoned
since It was founded by William windor Laird
No doubt those who interested i'm the fortunes OF
the Security Trust and Safe Deposit Company regret
exceedingly that Mr.. Townsend has decided to
active business relations that have subssted long
and pleasantly between them and him. That also is
true, doubt of the thousands OF men and women who
have had business dealings with the Security Trust
through MIR Townsend since he has been connected
with IT, While Il is true that he will continue as a
director and vicepresident OF the company the real
activity which he exercised long potently
in behalf the Security Trust will be shifted from it
TO Laird and Company
Mr. Townsend has grown up with the Security
Trust and Il has grown up with him. Il has assisted
largely in making him what he is today in the hnan-
cial world and he has contributed much toward maxi
ing it one of the argea and most popular financial
institutions in city and State We 90 not know
who will succeed him treasurer and take up the
tive work that he will relinquish June but do
know that the company will be able TO obtain any
man who fvill 10 and It's interests greater loyalty
and more efficient devotion. AT all times and under
all circumstances he has given TO it the very best there
in him to give. 10 that fact may be attributed
the further fact that notwithstanding he entered its
employ tweny-six years ago with special advantages
and with the understanding that he must stand fall
by his merits he has far and high in the in
tervening time and figured largely conspicuousy
and constructively in the social and business life of
community The value of his constructive work
has been in many directions because. although in
the first instance banker. he has found time to de-
vote many civic movements and experienced pleasure
| in giving TO them the ability and energy that have
featured his work in the financial 0eld IT, Patrick
Henry says there is way of Judging OF the future
but by the past the change that Mr. Townsend has in
contemplation should be highly beneficial both to him
and TO Laird and Company. We wish him the fullest
measure of in mis- undertaking.