New-York tribune., 1919-01-15
r. T.. Jones Will
Be Youngest Bank
Head i'm New York
To Succeed Burton as Prcsi-
dent of Merchants Ma
tiOnai as Latter Becomes
Chairman; Bank Elections

Raymond +. Jones, first vicc-presi-
dent of the Merchants National Bank,
will DC elected president of that insti-
tuition tomorrow, according to present
plans Of the directors. Mr.. Jones will
succeed the Hon. Theodore r. Burton,
who is expected to be made chairman
of the board, an Office which will en-
able him to carry out personal plans
for lecturing on economic and political
Subjects
Mr.. Jones, who is thirty-four years
old, will rank as the youngest bank
president in the financial district. This
distinction was formerly held by Har-
vcy d. Gibson as president of the Lib
crty National Bank. Mr.. Jones came
to the Merchants National two years
ago, when the bank was reorganizcd as
the result of change of control. Be
tore that time he was head of the New
York agency of the Royal Bank of
Canada. He is q native New Yorker
and has made a specially Of American
banking methods, particularly in their
relations to foreign business
During 1918 the banks deposits in
creased more than $7,oOO,O0O to $50
fSO,603. Most of the increase has been
in mercantile accounts. At the annual
meeting of stockholders yesterday the
retiring board of directors was re-
elected. The meeting scheduled for
tomorrow is the regular annual organ
ization meeting of the board
At the organization meeting of the
Irving National Bank yesterday. fol-
lowing the annual meeting, Harry +.
Ward, formerly first ce-president.
was elected president to succeed Rollin
P. Grant, who was made vice chairman
Of the board. John II. Love, of Graup
ner, Love & Lamprecht, was elected a
director.
The First National Bank announced
that Francis D. Barlow, who formerly
held the position of vice-president and
cashier, is now vice president, and
Samuel A. Weldon was elected cashier.
Mr. Weldon was formerly a major in
the field artillery. U. S. A.. and was
konorably discharged on December 20.
Changes in the directorate of ma
tlonal banks at their annual meetings
yesterday were few as compared with
previous years The more important
were:
National City Bank-Robert s. Lo-
vett. president of the Union Pacific
IL r., \ h.
Mechanics and Metals National
Bank-The vacancy on the board Gre
ated by the sudden death of George r.
sheldon. 1t was announced, has not
been filled. Other directors were re-
elected
Citizens National Bank-John A.
Carver, of the law firm of Sherman &.
Sterling, was elected director to sue
ceed F. M. Bacon, ir.
:, Coal and Iron National Bank-Ar-
thur Hamilton, of the Central Railroad
to succeed George D. Harris.
Chatham and Phoenix National
Bank-Wiliam il. Strong was added to
the board.
Atlantic National Bank-Rufus W.
Scot and William B. Davis were added
to the board
New York County National Bank
NlcholaS blddle was elected director
to succeed George R. Walker.
Garfield National Bank-Charles S.
Wills and Arthur W. Snow were elected
directors 60 succeed Frederick r. Fleit
mann ard Angler B. Duke.
Bronx National Bank-Harry Kobe
retired as director.
Gotham National Bank-F. M. Dunn
baugh, Victor NJ. Tyler and J. c. Scat
tergood were added to the board. The
stockholders voted to increase the capt.
tai from 100000 to 100000 and the
surplus from $20O,000 to S425,O0
Hartman National Bank-Captain
W. NJ. Talbot, treasurer Of the Cieco
de Avila Sugar Company. of Havana.
Cuba, and. Alvan Miller, Of H. G. Crair
d Co., were elected directors.
National banks that reelected the re-
tlr'ng directors included the Hanover
National Bank, the Liberty Nat;onal
Bank. the National Park Bank. thn
Second National Bank. the Sherman
National Bank, the Lincoln Nationai
Bank, the Chase National Bank. the
National Bank of Commerce. the First
National Bank. American EXCHANGE
National Bank, Importers and Traders,
National Bank, the Bank of America
the Chemical National Bank. the Pub,
lie National Bank. the New York Prod
uce Exchange Bank, the Union Ex-
change National Bank, and the Bank of
New York, N. 3. A.