The Washington herald., 1919-05-09
BANKER PLANS
PUBLIC CAREER
William A. CASTOR to Run
! For Governor. Says
/: Holland.

=
day or two ago information from
Bpston that william Alexander Gas
ION Is willing to permit his friends to
bring him forward as the nominee of
the Democratic party Of Massachu-
salts as a candidate for governor at
the election next November.
So also there came from Boston au-
thoritative information that the man
akers of the new Franco-American
banking corporation had been chosen
add among these managers or direc-
tors Is the name of Daniel G. Wing.
Aa. CASTOR and Mr.. Wing are presi-
dents of the two largest national
BANKS in Boston: under their manage
ment these two banks have been en-
abled to he listed among the hundred
million dollar banks of the United
States.
Mr. CASTOR Is by profession law
yer. He inherited a great legal abii-
ity and experience from his father.
the late William CASTOR. who was
elected governor of Massachusetts In
the early SOS and who gained the
prestige Of having been the FIRST DEM
ocTat to be chosen to that office Tor
many years.
Mr. Wing is a son of Iowa and his
early experience and training fitted
him for the important banking respon-
sibilities which were placed upon him
in the way of gradual promotion until
at last he became president OF the
First National Bank of Boston.
Mr.. CASTOR went from active pro-
fessional practice almost directly to
the presidency of the Shawmut Ma
tional Bank although he had served
as director in several banking in
stitutions. Probably his director
ship was associated with profess
sional service.
He early in his professional career
revealed not only a liking but also
a capacity for political life. He may
have inherited that from his associa-
ton with his father. who, however.
much preferred his professional career
TO political activity.
In fact. 1t was due largely to his
professional ability and his high rank
at the suffolk bar that Mr.. CASTOR
was selected as the Democratic can
didate for governor. and the high
respect which he had gained, the ad-
miration for his brilliant mental quail
tiles and his personal character made
it possible for him to secure sufn-
cient number OF votes to enable him
to take the oath of office as governor
of Massachusetts.
The son, William Alexander CASTOR.
began his more prominent political
service as a member of the stan of
the much-loved governor Of Massa-
chusetts. the late William A. Russell.
There followed speedy recognition
of him as one of the leaders of the
Democratic party of Massachusetts.
He was nominated twice for gov
eTnor. once in 1902 and then again in
1903 He was a delegate to the Demo-
cratic national convention of 1901.
and was named by his party as its
candidate for the United States Sem
ate in 1915
AAIe Politician.
When Mr. CASTOR became pFesi-
dent of the Shawmut Bank that in
stitution stood at the head. at least
in popular estimation. of the banks
Of Boston. He. however. decided
tnat il should be still further ad-
vanced. He adopted modern meth
ods of banking. and he was at
last privileg ged to see his institution
numbered among the hundred-mill-
ion-dollsr banks.
ON the other hand. Mr.. Wing was
clizen in political affairs. His was
the experience which has been the
gbbd fortune of many of the pres
est-dsy young leaders in the bank
ing life of the country.
HE was at first a messenger in
ore of the banks OF Lincoln. Neb.
Hs promotions were rapid. He
possessed a native gift for finance
abd banking. The government rec
osnized his ability and appointed
him national bank examiner.
at was as a national bank exam
iver that President Harrison nomi-
mated A. Barton Hepburn as comp
trOller of the currency, and after his
ssrvice there was ended he was
chosen president of the Third Ma
tibnaI Bank of New York. and after
wards to the presidency of the
Chese National Bank.
So. also. MIR. Wing. after having
stnved as bank examiner. was made
receiver of the old Globe National
Bank of Boston, and having sue
ce-ssfully wound up the affairs of
that bank he was chosen president
of the Massachusetts, National Bank
Thereupon he began a movement
towards consolidation which result
ed lin the taking over of the Mas
saohusetts bank by the First Ma
tienal. When that was reOrganized
hs became president OF it.
Then began strenuous, earnest
ard yet honorable competition for su-
plesnacy in the banking world OF Bos-
top, Mr.. Wing at last reached the
position where he was able favorably
TO. compare the First National with
tho ShawmuG He abstained from
nffaf cd
upon his responsibilities as a banker.
Al last these two. William A. Gas
toh. and Daniel c. Wing. were recog-
mixed as possibly the leaders, GER
taioly among the leaders of the Bos-
ton banking life.
Now one of them is willing to ac-
cept the Democratic nomination for
governor. whereas Mr.. Wing, on the
very day that announcement was
made that MIR. CASTOR would re-enter
political life. was named as one of
the directors of the new Franco
American Bank.
IT is in association with the Ma
tional Bank of Commerce Of New
York and with two or three indus
trial leaders that the American inter-
ests in this Franco-American banking
corporation will be represented. The
French interests are identified by as
ISOLATION with the great Compton
National Banking Association of Paris
and also the Banque de Indo- China
of Paris.
This organization of a great inter-
national banking corporation is fully
in line with other organizations now
contemplated and partly perfected
which will undertake to facilitate in
ternatiOnal trade and interna fiona I