Evening journal., 1917-02-12
COLONEL NIELDs AND HIS SUCCESSOR

Company,
John Rosseil has been elected to succeed him IN an
office which the colonel has filled 50 long and so
worthiy,
While the public regrets the retirement Of the colonel
Il satisfaction IN the thought that he has been
ceeded by man so efficient so popular and public
spirited is Mr. Rosseil The succession means that
tho publcbe pleased policy that been such
portant factor in the remarkable upbuildng OF the
Security Trust will be continued, with attendant
growth and communal benefit
Colonel Nieds who continues TO be associated with
the trust company in important capacities although
because Of advanced years, he has relinqushed the
presidency had served continuously as president since
1887 period OF almost thirty years. He was not
however, the first president OF the institution The
Security Trust chartered by the Legislature in
1885, II the pioneer trust company in city
November 30 OF that year business commenced.
Tho capital stock was only $4,000. Since them it
has been increased largely From 1856 to 1856 John
II. Adams was president lie was succeeded by Sam
McClay who served from 1856 to 1887. Then Col
one Nields became president lie served continuously
until his retirement several days ago James B. Clark
the first treasurer. In 1904 he was elected
vce-president, and L. Scott Townsend. now promi-
nent member OF the investment banking house OF
Laird and Company, succeeded him as treasurer When
MI Townsend retired, he succeeded as treasurer
by L. l. Maoney John S. RESELL the new president
succeeded j. Austin Ellison trust officer in
ary 1882 and after long, honorable and distinguished
service which included the once Of secretary, he
elected yoe-president From the time OF its organza-
ton the trust company enjoyed practically unn-
terrupted progress and prosperity.
IL has been part Of its policy TO take Country boys"
into its employ develop their banking ability and pro-
mote them whenever opportunity afforded Colonel
Nields himself country boy. He was born in
East Marlborough Township Chester county, Pa,
July 12 1881. Mr. Rossel hailed from near Elkon Md
Scott Townsend came from Odessa. L. l.. Malouey was
reared and educated in Townsend oAnd it went,
those country boys" growing with the institution and
assisting by splendid teamwork and loyalty in max
ing II OF the strongest and most representative
financial institutions on the Delaware Peninsula
And wouldn't It be well this time to say something
definite and nice Colonel Nieds, who has figured
so Ions. so oonspicuously and benehcally in the
affairs OF our city and state? Born Chester county,
no TO Wilmington when young man and
read law with John c. Patterson OF this city In 1859
he was admitted to the Delaware bar at Georgetown.
As he did not begin practicng immediately the civil
War broke out before he had settled himself in his
chosen profession Being strongly patriotic, he
sponded the call for volunteers and. IN 1851,
listed for three months Following that he assisted in
organizing one Of the early companies and served
a first lieutenant In 1852 he organized company OF
artillery which served the Union well throughout the
war. It was known Nieds Battery. He its
captain. lie and his much active service, and
Captain Nelds was made Northumberland as a
ward for his Eoldiery skill and bravery.
When the drawing TO a close Colonel Nields
made chief OF artillery and ordnance the stan
OF General Reynolds. He acted with other officers in
May 1866 in receiving the surrender OF the Confeder-
troops west OF the Mississippi In June OF that
year he mustered out receiving his honorable dis
charge The colonel enjoys the distinction Of being
| tho only member OF the Delaware bar who enlisted
in tho three years service.
shortly after his discharge he opened law ONCE
in Wilmington and has practced here since His
career at the bar has been a distinguished one. Few
Delaware lawyers have had such large and lucrative
practice has enjoyed, Az all times he has stood
high with the bench, the bar and tho laity
His personal relations With his feliow-men have been
unusually fine Being possessed Of sunny disposition
a nature strongly human and an iuexhaustihe fund Of
apt entertaining anecdote he for years has spread
sunshine in the social professional and financial paths
pursued by him toward the goal of decent and digni
ned retirement after life spent whoesomey and
benehcisuy in community,
Mr.. Rossell, who has succeeded him president Of
the SECURITY Trust. is regarded OF the sbles'
bankers and most philosophical citizens Of State
The fact that has been selected 10 MI the executive
chair vacated by Colonel Neids Is in itself ample
dence OF the high regard in which he is held by The
stockholders and directors OF the company. Expires
sions Of opinion heard since his elevation show how
/ popular he is with IFS friends and customers MT RIOS
sell has fought his way no IN the world with in
telgence honesty, earnest application tireless in
dusry and courtesy as his chief instruments, The!
have carried him high and will enable him 10 wear h'
| new honors worthily