Evening journal., 1921-08-25
CHANGES in
OFFICERS OF
vii. TRUST co.
contInued Prom Flrst Page.

Continued From First Page.
known In all sections of the United
States and IN many places abroad, as
a banker, broker, philanthropist.
a public-spirited citizen OF great
obstructive power and also as man
who places a high value upon Amer
ican citizenship and who has striven
sedulously to live up to his ideals OF
what an American citizen ought to
be, for the honor of himself and for
the glory OF his country. For many
years there has not been a large
forward -looking religious, social. po-
litical. civic, patriotic. humane or
economic movement in our city and
state that has not felt the benefit OF
his breadth OF vision, constructive
ness Of mind, earnestness OF pur-
pose and bigness OF heart. During
the World War. Mr.. Scott made a re-
markable record for effective and
practical work, not only in the mat
ter OF raising funds to support the
war but also in the matter of rails
ing funds to mitigate the horrors OF
that war His energies were direct
ed in so many and such diverse
channels during that titanic struggle
thai Il is useless to enumerate them
here. And since the war he has
done much in support Of reconstruc-
tion and rehabilitation work.
In addition. ne has found time to
give ardent support TO State budget,
and legislative measures aiming to
make government more efficient and
less burd densome to the people.
In the financial field, Mr.. Scott has
made a remarkable record. In 1874
the firm OF Merrick, Johnson and
Company. bankers and brokers. was
established. with John Merriok and
Harry II. johnson as partners. Their
place of business was at the south
east corner OF Sixth and Market
streets. In a short time John Mer-
rick retired from the firm and Will
liam S. Craig succeeded him. The
name OF the first was changed to
Craig, johnson and Company. Mr..
Craige retired in 1875 and Alfred S.
Elliott and Henry p. Scott became
partners OF Mr.. Johnson under the
firm name OF Elliott, Johnson and
Company. The death OF Mr.. John
son in 1889. and the retirement OF
Mr.. Elliott a few years later. left the
business In the control OF Mr.. Scott.
Subsequently he took his brother
Harlan G. Scott. In as partner. the
name OF the firm being changed to
Scott and Company. That firm met
with remarkable success. Within a
short time Henry p. Scott had won
high standing In banking circles
not only in Delaware but also in
most OF the financial centers in this
country and abroad. With all his
business cares and responsibilities
however. he never has been too busy
to perform his civic duties or to dis
charge any of the obligations which
are the inevitable accompaniment
OF good citizenship and good fellow
ship.
lss~As a judge Of commercial papei
and OF credit. and as a forecaster o
commercial. industrial and financia
conditions, James =. Winchester
who retires from the Wilmington
Trust presidency to become chair
man Of the board, has few equals il
banking circles.
He is known everywhere as one o
the safest and soundest bankers Il
the country, and his opinion on com
mercial credits is accepted every
where as fnal and conclusive. an
his Judgment on fundamental financ
has had great weight in shapin
financial policies in many sections q
the United States. and he is regard
ed everywhere as a tower OF strength
Many persons who have consulte
him have said afterward that IA
power TO foresee financial and ecc
nomic developments is almost ur
canny in it's scope and accuracy.
Mr. Winchester. when quite
young man, came to Wilmingto
, from Baltimore. where he alread
, had displayed marked aptitude fS
banking. His first business conne'
/ ton here was with the First Nations
Bank. which was in the Clayto
! House building at the northeast CO.
ner OF Fifth and Market streets. II
. Mechanics Bank. which did busine
! at the southeast corner OF Fouri
b and Market streets for a few year
{ was discontinued in 1884. and in
2 stead was organized. under the M
!. tional banking law OF 1864. the Fir
e National Bank. Mahlon Belts vi
elected its first president, and Samu
A Biddle it's first cashier.
1 The bank opened for business {
r July 4, 1864. Mahlon Belts on
u served as president for about q
!. days. He was succeeded by h
r son. Edward Belts. who served un
l1S92. Meanwhile. James p. Wi
chester had distinguished himself
s such a degree that when Mr.. Bet
e retired from the presidency in 1S9
e he was elected TO succeed him. M
= winchester still was serving in tn
s. capacity when the Wilmington Tru
.e Company, Of which Senator T. Col
man dupont vas the nrst presideI