The New York herald., 1921-06-22
ONLY -FOUR AMONG
DRYDEN AIDS LACK
DEPOSITORY STOCK
All Other Directors Own
Shares in Banks Used
by Prudential Insur-
ance Company.
GET LARGE DIVIDENDS
Attack on naturalization at
Hearing Is Called Charge
of Fraud Against Ex-
Gov. Wilson.
INSULT TO N. J. COURT
Untermyer To-day Will Delve
Into Details of Re0rganiZa-
tion of Big Institution.
INSULT TO N. J. COURT

F. Dryden, president. and the other
Company of America with banks and
trust companies with which the Pru-
Dental keeps millions of dollars on de-
post, as well as the details of the
naturalization Of the company in 1913
were the subject of examination yes
terday at public hearing conducted
by Jesse S. Phillips, State Superintend-
ent of Insurance. at the departments
headquarters, 165 Broadway.
When the Prudentiars president ap-
peared before the Lockwood legislative
committee two weeks ago it was dis
closed by Samuel Untermyer, chief
counsel to the committee, that Mr.
Dryden with several of his fellow di-
rectors held blocks of stock in the
financial institutions that Mr.. Inter
myer alleges have profited by handling
the Prudential's funds. The examina-
ton yesterday showed that all except
four Of the Prudentials directors are
interested in these institutions to
more or less extent.
Mr.. Dryden. accompanied by Edward
d Duffield. vice-president and associate,
general counsel Tor the company, brought
extensive tables showing the holdings
and dividends. maximum. minimum and
average deposits in each concern with
which the directors are identified. Mr.
Dryden himself was shown to be stock
holder in the Fidelity-Union Trust Com
pany. the National Newark and Essex
Banking Company and the Trust Com
pany of New Jersey, all Of Newark, and
of the Columbia Trust Company. the
National Bank Of Commerce and tho
Chase National Bank of New York.
From his investments i'm these institu-
tions Mr.. Dryden admitted receiving
quarterly dividends In 1920 amounting
TO about S10,924. or at the rate or
$40.096 n year.
Mr.. Dryden's largest interest In these
companies was shown to be in the
Fidelity Union Trust Company. in which
OF his own account and as trustee for
his sister and for the estate OF his father.
the late John F. Dryden, founder of the
Prudential he holds about Alb shares,
with a market value of s23o each. Tne
Fidelity Union Trust Company was
formed through the consolidation of the
Union National Bank and the Fidelity
Trust Company of Newark with a total
of $4,000 shares outstanding. Mr.. Dry
denis next largest holdings were shown
10 be in the Chase National Bank, in
which he holds 400 shares. and In the
National Bank of Commerce, where he
has 800.
Directors Included I'm List.
The Prudential altogether has about
800 repositories for its funds through
out the United States. The holdings OF
other members of the board of directors
In these banks or trust companies are:
James s. Alexander. president of
the National Bank OF Commerce, 500
shares of the National Bank of Com
merce stock.
c. A. Austin. president of the Mer-
camille Trust Company, 515 shares
Mercantile Trust Company. 40 shares
Columbia Trust Company, is shares
Chase National Bank.
Howard Bayne. vice-president OF
the Columbia Trust Company. 20J
shares Columbia Trust Company. 100
shares National Bank of Commerce.
100 shares Mercantile Trust Com
pany.
F. A. Boyle. vice-president and
treasurer of the Prudential. % shares
Fidelity Union Trust Company. 10
shares Manufacturers National Bank
OF Newark, 10 shares Irvngton Ma
tional Bank, Trvington, n. j.
John A. Campbell e02 shares Tren-
ton Banking Company, Trenton.
n. j.: 10 shares Mechanics National
Bank of Trenton.
william r. Carter. 22ta shares Ma
tional Newark and Essex Banking
Company, 20 shares Merchants and
Manufacturers National Bank of
Newark.
Samuel s. Dennis. 121is shares of
National Newark and Essex Bank
ing Company.
John X. Gore. 30 shares Orange Ma
tional Bank, Orange. y. J.
Edward Grey, Is shares 1rvington
National Bank.
Edward j. III, 12J shares Fidelity
Union Trust Company, ) shares
Ocean County Trust Company.
Wilbur $. Johnson, 's19 shares
Fidelty-Unon Trust Company.
shares Essex Trust Company. East
Orange. n. j.
Edward knousc, 1l5 shares Fidc-
ity-Union Trust Company, % shares
National Newark and Essex Bank
ing Company. 26 shares Merchants
and Manufacturers National Bank Of
Newark. 10 shares Newton Trust
Company. Newton. n. j.
Bonnet Van Sickle. 2l0 shares Tren-
ton Banking Company. go shares
Mechanics National Bank. Newark
Four Directors Not Nrmec.
This following members OF the board