Every evening, Wilmington daily commercial., 1921-08-25
HENRY p. SCOTT
MADE PRESIDENT
OF Will. TRUST CO.
Continued from page 1

| IA tbt tIcHSuIyHuipt tauHeu bs III
resignation of Mr.. Aspril. II was de
cided that The honor should 70 to Mr.
Craig. who has been connected Will
the trust company for sixteen years
and who has made "A remarkable rec
crdN for efficiency and loyalty.
II In regarded as being rather re
markahle circumstance that. notwith
etanding the Importance of the changes
made today. they did not necessitat.
any change In the personal OF th,
board OF directops.
Congratulate New President.
immediately after the board meet.
ing today. Mr.. Scott. the new presi-
ldent. and those who were the recipient.
OF the other honors bestowed wer.
congratulated heartily by those of theil
friends who had learned of the changes
Mr.. Scott, is known In all sections
OF the United States and In many
places abroad. as banker. a broker
a philanthropist public-spirites
lcitizen of great constructive power an.
also as man who places n high valus
upon American citizenship. and who
has striyen sedulousiy TO live up Il
his ideals of what an American cit.
izen ought to be. for the honor of him.
| self and for the glory OF his country
For many years there has not been 8
large. forward-iooking religious, so
eiai, political, civic. patriotic, humane
or economic movement in Wilmington
land Delaware. that has not felt tn,
tcenefit OF his breadth of vision, con
| structiveness OF mind, earnestness o
purpose and bigness OF heart.
During the world war Mr.. Scot
made n remarkable record for efectiv.
land practical work. not only In th'
matter Of raising funds 20 support th'
war. but Also i'm the matter Of raisinl
funds 10 mitigate the horrors of tha
war. His energies were directed n
30 many diverse channels during tina
titanic struggle, that IL is useless Z
lcnumerate them here. And since tn
war he has done much in support o
reconstruction and rehabilitation work
In addition, he has found time Z
give ardent support 20 State budget
national budget and legislative meas
ures aiming TO make government NOR
efficient and less burdensorne to III
people.
Fine Record as Finanrier.
| In the financial field, Nr Scott ha:
/ made n ftf1BfkbNtt III t2i7
the firm Of Merrick. Johnson ant
Company. bankers and brokers, wal
established. with John Merrick ans
Harry II. Johnson as partners. Theii
place OF business was at the south
east corner of Sixth and Marke
streets. In short time John nerriei
retired from the firm and William s
Craige succeeded him. The name o
the firm was changed to Craige. John
son and Company. Mr.. Craige re
tired in 1875 and Alfred $. Elliott an,
Henry Y. Scott became partners O
Mr.. Johnson under the rrm name O
Elliott. johnson an6 Company. Tn
death OF Mr.. Johnson In 1889. and th
retirement Of Mr.. Elliott a few year
later, left the business in the contro
Of Mr.. Scott.
Subsequently he took his brother
Harlan @. Scott. in as partner, th
: name of the firm being changed {
Scott and Company That firm me
with remarkable success. Within
short time Henry y. Scott hnd wo
high standing in banking circles. no
only in Delaware. but in most of th
financial centers in this country an
abroad With all his business care
and responsibilities however, he neve
has been too busy to perform his civi
duties or to discharge any of the ohli
cations which are the inevitable nc
compartments Of good citizenship an
good fellowship.
Mr.. winchester. Excellent Judge @
Credit.
As judge Of commercial paper an
OF credit, and as forecaster OF com
mercial, industrial and financial con
ditions. James +. Winchester. who re
tires from the Wilmington Trust presi
dency 10 become chairman Of tn
board. has few equals in banking
| circles.
He is known as one OF the safes
md soundest bankers in the countr,
and his opinion on commercial credit
Is accepted everywhere as final an,
conclusive and his Judgment on funda
mental finance has had great weigh
in shaping financial policies in man,
sections of the United States. an.
he is regarded everywhere as a tow.s
| Of strength.
Many persons who have consuIte.
him have said afterwards, that hi
power to foresee financial and eco
nomic developments is almost 1n
canny in its scope and accuracy.
Mr.. Winchester. when quite a youn,
man. came to Wilmington from Balti
more. where he already had displaye,
marked aptitude for banking
His first business connection her
was with the First national bank
. which was in the Clayton house build
ing at the northeast corner of FiftI
and Market streets. The Mechanics
. bank. which did business at the south
east corner OF Fourth and Marke
. streets for a few years, was discon
: ,inued in 1864, and in its stead wa
organized. under the national bankin
!, law OF 1864, the First national bank.
: Mahlon Belts was elected its firs
president and Samuel BiddIe its firs
D cashier. The bank opened for bus
$ ness on July 4, 1864. Mahlon Bett
? only served as president for abou
: ten days. He was succeeded by. hi
son, Edward Belts. who served unit
E 1882. Meanwhile, James p. Win
{ chester had distinguished himself I
. such a degree that when Mr. Belts re
: tired from the presidency in 1892, h
5 was elected to succeed him.
$ Mr.. Winchester still was serving /
that capacity when the Wilmingto
: Trust Company, of which Senator 7
! Coleman du Pont was the first pres
] dent, absorbed the First national. Fol
lowing that absorption, Mr.. Win
chester became president of the Wi
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