New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-10
T. E. BURTON IS
CHOSEN BY THE
MERCHANTSNAT'L
Ohio Statesman Repre-
sents New Interests in
Control of Bank

Bank yesterday, TO succeed Robert m
Galloway. Owen Psynter, formerly
assistant cashier, was elected cashier
to succeed Joseph Byrne. These
changes in the management of the
bank were brought about by interests
represented by-George Cofing Warner
Who started out several months ago TO
solicit proxies enough to control the
annual meeting Of stockholders
In addition TO the election OF new
board Of directors representing widely
diversified business activities, the In
tere.ts In control Of the meeting intro
dueed n new feature in the admins
tration Of large metropolitan bank
By the appointment Of an advisory
council, the members Of which are
George c. Van Tuyl, IT,, president OF
the Metropolitan Trust Company, New
York. chairman; Joseph ". Hartman;
Dean Sage. Of Zabriske, Murray, Sage
& Kerr; Anthony R. Kuser, Of New
ark: Frank G. Crowell, of the Hall
Baker Grain Company, Kansas City
Mo. and Waldo Newcomer, president
Of the National Exchange Bank OF
Baltimore.
Directors we're elected as follows:
Theodore Z. Burton. Walter S. Eddy
C. X. Eddy & Sons, Saginaw, Mich;
Eberhard Faber, manufacturer; Ray
mond 2. Jones, New York, agent Royal
Bank Of Canada; Arthur O. Meyer. Ar
thur G. Meyer & Co., drygoods com
mission; William F. Neu, treasurer
Steel Rail Supply Company; Charles
z. Potts, president and treasurer j. B.
Locke & Potts, linens; ". Ross Proc
tor. New York; Robert Hamilton Ruck-
or. New York; Carl F. Sturhahn, United
States agent Rossia Insurance Com
pany; William F. Wall, president Wall
Rope Works; F. S. Written, Laird &
Co, Wilmington, Del.
Frank L. Hilton, George s. Talbot
and Irving s. Gregory were elected as
sistant cashiers.
Bank Founded in 1903
The Merchants National Bank was
founded in 1903, and is the third Oldest
bank In New York. It's articles OF in
corporation we're drawn up by Alexan-
der Hamilton. It has a capital OF 81
900, 900 and a surplus OF 100000. De-
posts as OF December 81, 1916, were
s23,379275.
Mr.. Burton, the new president. served
in Congress twenty-five years and held
membership in many important COM
mittees and commissions, including the
Interparliamentsry Union, the National
Monetary Commission and the Com
mittee on Foreign Relations. He is a
graduate OF Oberlin College, member
OF the Ohio bar and an authority on
economic questions OF both public and
corporate interest. He has been a
close student Of finance and is the
author Of a number OF works, including
Financial Crises and Periods Of In
dustrial and Commercial Depression"
Corporations and the State" and "The
Life Of John Sherman" Following the
designations Of Mr.. Galloway and Mr..
Byrne, the Hanover National Bank an
nounced that they will be connected
with the institution, the former as a
director and the latter as a vice-presi-
dent and director.
Other Bank Changes
At other national bank elections yes
terday new directors were elected in
numerous instances 10 fill vacancies
created by the operation Of the Clay
ton law prohibiting interlocking direc-
torates. The act became effective on
October Is, 1916.
Shareholders OF the Hartman Ma
tonal Bank voted TO increase the cap
ital stock from 100000 to 81 900, 900
which they are entitled to subscribe 70
at par in proportion to their holdings
The election Of directors resulted in
the addition of the following TO the
board: Francis G.. Lloyd, president OF
Brooks Brothers; William Bayre, jr.
Of William Bayne & Co., coffee mer.
chants, and Charles Thorley.
Other changes in the directorates
and among officials of local national
banks were:
Chase National Bank-Henry B. En-.
dicott, Of Boston, Of Endicott, johnson
& Co., and Edward T. Nichols, OF New
York. vice-president OF the Great
Northern Railway Company, were add
ed TO the board; Gerhard NJ. Dahl, for
merly vice-president OF the Electric
Bond and Share Company, was elected
vice-president, and S. Fred Telleen
Robert |. Barr and Sewall S. Shaw
were appointed assistant cashiers.
Liberty National Bsnk-R. II. Dun
ham and Charles .. Hilles were elected
directors Of the Liberty National Bank
TO fill vacancies caused by the resig
nation Of Thomas Cochran and New
comb Carlton.
Mechanics and Metals National Banl
William Z. s. Griswold was elected
a director.
National Bank Of Commerce
+. Dunlap, of the Berwind-White Goa
Mining Company, was elected a di
rector.
Lincoln National Bsnk-H Henry C
Phipps retired Two new directors, Ed
ward W. Brown and William S. Hawk
were elected.
Union Exchange National Bank
Louis J. Robertson was elected a d.
rector, to succeed Albert Fl. Wiggin, re-
signed.
New York County National Bank
Frank r. Leland was elected director
TO succeed Timothy NJ. Cheeseman, re
signed, and George L. Shearer was
elected to FIJI vacancy.
Sherman National Bank-James NJ
Dixon, of the Tobacco Prsducts Cor
poration. was added 20 the board 10 fl
a vacancy; ". Eitingon was elected 1
vice president.
Second National Bsnk-Thomas A
Howell and F. Colt Johnson were elect
ed directors. to succeed Frank A. Nun
sey and J. j. Sinclair.
First National Bank Of Brooklyn