New-York tribune., 1920-01-14
Samuel McROberts
Resigns From the
National City Bank
Many Changes Made by
Leading Financial Institu-
tions at Their Annual
Meetings Held Yesterday

Among the important changes that
took place at the annual meetings of
national banks in this city yesterday
was the retirement of Samuel Nc Rob-
erts as an executive manager of the
National City Bank. General McRob-
erts's resignation, it was announced
was at his own volition. He has been
left the position of treasurer of
Armour & Co., in Chicago, to become a
president. He began his business
career in he legal department of the
packing firm.
During the war General McRoberts
served as chief of the procurement di-
vision of the Ordnance Department
from December, 1917, until August &C.,
1918, when he was named brigadier gen
eral and transferred to the A. e. F..
From then until his discharge from
the army he was actively engaged
either with providing supplies for the
plies purchased. 1t is understood that
he will devote more of his future time
to his personal business affairs.
Other changes at the City Bank in
cuded the election of B. A. Duis, man
ager of the foreign exchange depart
ment, and Ernest E. Ling, in charge of
the banks business in southeastern
Europe and the Near East, as vice
presidents. Robert Forgan and James
B. Pike, assistant cashiers, were made
assistant presidents, and William
F. c. Merkcl and w. G. Speer were ap-
pointed assistant cashiers.
At the First National it was an
nounced that Ebert II. Gary, chairman
of the board of directors Of the
United States Steel Corporation, and
Lewis Cass Ledyard had been added
to the directorate. Additional bank
changes announced yesterday follow:
p. A. Rowley and V. W. Smith we're
elected presidents of the Bank Of
Manhattan Company. and G. S. Down
ing, E. S. Macdonald, O: G: Alex
ander, H. M. Bucklin and w. A. Rush
were made assistant cashiers.
Avery d. Andrews, American repre-
sentative of the Royal Dutch Petro-
leum Company and the Shell Trans
port and Trading Company of London;
Orion H. Cheney, president of the Pa
chc Bank, and Brison HOWE, of the
law irm of Cardozo & Nathan, were
added to the board of the American
Exchange National Bank.
Frank I. Worrall was elected Ci-
rector of the Importers and Traders
National Bauk, to succeed William
Hamlin Chlds.
Joseph c. Widner, of the Liggett e.
Myers Tobacco Company. was elected
a director Of the Union Exchange Ma
tional Bank.
Luke d. Doyle and John P. G. Moran
were appointed assistant cashiers Of
the American Exchange National Bank.
j. Spencer Morgan, son Of J. P. Nor
gan, retired from the board of
the Liberty National Bank. owing to
his recent entrance into the Morgan
firm.
Charles H. Baldwin, cashier Of the
Public National Bank, was made a
director.
Albert H. Biebold treasurer of the
Sterling Products Company, was
National Bank to succeed Arthur
Bert l.. Horkins, vice president and
cashier, and Norman +. Dudley, vice
president, were adde to the board of
the Chatham and Phenix National
Bank. 0. D. Fessenden retired.
James Timpson was elected a di-
rector of the National Bank of Com
me1ce. He is a vice-p president Of the
Mutual Life Insurance Company.
William B. Thompson was added to
Joseph Andrews and r. Z. Miller
were elected vicc-p presidents Of the
Bank of New York
Banks which reelected the retiring
directors included the Second National
Bank, the Nassau National Bank Of
Brooklyn, the International Bank, the
Mechanics and Metals National Bank,
the Atlantic National Bank, the New
York County National Bank, the Sea-
board National Bank, the Battery Park
National Pank, the Hanover National
Bank the Lincoln National Bank. the
Fifth Avenue National Bank, the New
York Produce Exchange National Bank.
he Citizens National Bank the Irving
National Bank. the Bank Of the Amer
cas, the Chemical National Bank the
Equitable Trust Company and the Ma
tional Surety Company. Percy A.
Rockefeller was elected member Of
the finance commtte of the latter insti~
tuition. u. S. Lingluf and R. A. Algire
were elected vice presidents.
Stockholders of the Bank Of the
United States approved an increase in
the capital stock from S1,OO0,OOO to
s1,5Oo,ooo 1t will be offered to share
holders at par On the basis of one
new share for every two shares now
held. Directors elected at the meet
ing were Max Friedman. I. Gilman,
J. L. Hoffman, Henry Loeb, j. S. Mar
Gus. T. l.. Phillios. r. Sadowsky, Saul
Singer, Stephen Stcphano, George L.
Storm, George C. Van Tuyl jr. and Max
Weinstein.