The Birmingham age-herald., 1921-05-04
ST|LLMAN RESIGNS AS PRESIDENT OF
 THE NATIONAL CITY
Resignation Is Accepted and Charles Edward Mitchell Is Named by Directors to
 Succeed Him
By Associated Presa

hs AbsOclHteu FreSS
 New York, May 3.-One the eve of resuming the court battle for divorce, James A. Stillman today resigned the presidency of the National City bank, the largest institution of it's kind in the United States. Rumors that he would relinquish this position, which his father held before him, had cir culated frequently since the banker and his wife openly accused each oth- CT of infidelity.
 MT. Stillman unsuccessfully sought to resign several weeks ago after his wife had charged him with being the father of the son of a former Broadway chorus girl. At that time the directors unani- mously refused the resignation. Today, when MT. Stillman again sought to step down from the office, his resignation was accepted, and Charles Edwin Mitchell president of the National City company, was elected to succeed him. MT. stillman also gave up his title as chairman of the board, this position going to E. P. Swen- son.
 The retiring financier was born 45 years ago. His family counted its wealth in millions. When death removed his father, Jame StilIman, from the presidency of the National City bank, in March, 1918, a $fo,o00000 fortune was left for division among five children--James A. Charles Chauncey and Ernest G. Stillman, Mrs. William G. Rockefeller and Mrs. Percy R. Rockefeller
 SUCCEEDED VANDERBILT
 On June 8, 1919, James A. Stillman was elevated to the presidency of the bank, succeeding Frank A. Vanderlip, who re- signed that day.
 MT. Stillman is a director of several other powerful corporations, including railways, banks and insurance companies, and is a member of some of the wealth. fest and most fashionable clubs in and around New York
 In succeeding him as president of the National City bank, Mir. Mitchell will continue to hold his position as the head of the National City company, corpora tion capitalized at $10,0OO,0 ,000 five years ago to make and handle corporate in vestments for the bank.
 Within six months after Mir Mitchell
 
 pany in the spring of 1916, 1t took over the bond distributing organization of the Ma tional City bank purchased the business of one of the largest investment security houses in the country and entered the field of corporate finance.
 STARTED WITH
 GENERAL ELECTRIC
 MT Mitchell born in Chelsea Mass, in ft.A .I-.. Electric company in Chicago in 1892 i'm mediately after finishing his college course. He was shifted to the organiza- tion's office here, but later returned to Chicago to serve as assistant to the pres ident, shortly afterward becoming an as sistant manager in charge of the pur- chasing and sales department.
 In 1906 he came to New York to be- come assistant to the president of the Trust Company of America Five years later he established the investment bank ing firm of c. F. Mitchell & Co. He is a director in several corporations and a member of the Metropolitan, Bankers and Country clubs.
 Mir swenson is the senior member of the banking firm of s. M. Swenson x Sons. and has been director of both the National City bank and the National City company since 1912.
 BEGINS FIGHT TODAY
 Tomorrow morning MT. Stillman will actively take up his fight for divorce at the second of a series of hearings before Referee Daniel J. Gleason. Evidence to be presented against Mir. Stilman through testimony at this hearing will require at least three days. the bank CTS attorneys announced Some of it will include testimony intended to support MT Stillmans contention that his wife is the mother of an infant boy by their for mer Indian servant and guide. Fred Beauvais It was learned that additional charges of alleged misconduct will be lodged against Mrs. Stillinan at the new hearings which will be secret.
 Among the witnesses gathered here to- day for the hearing were several French Canadians from Three Rivers, Quebec site of the Stilman summer camp at which Besuvais was employed. Mrs Stillman's counsel. following her counter charges agairst the banker, will not be heard until later hearing.