New-York tribune., 1922-01-11
REYNOLDS Heads
First National:
Succeeds Hine
Latter Becomes Chairman of
Executive Committee. Bu.
ker Remaining Chairman
of Board of Directors
Surprise TO Wall Street
Other Changes in Officers
of Banks; Imporlan, Adj
ditions to Several Boards

Wall Street yesterday welcomed
new leader TO the ranks Of bank prcsi-
dents. when Jackson L. Reynolds was
selected to assume the chief executive
position Of the First National Bank
following the retirement Of Francis l..
llinc. who had served since 1909.
George r. Baker continues as chair
man of tho board of tho bank. George
r. Baker ir.. being made vice chairman
and Mr.. TInc chairman of tho cXccu-
tive committee. a new Office.
The Encouragement Of the personnel
will involve no change in the policy
Of an institution which has come to be
known in the financial district as among
the most conservative in action as we'll
as tradition. 1t means the placement OF
younger man as the active executive.
at the same time retaining in service
the men who over long years have built
up strong banking business.
Jackson Z. Reynolds is man Of
varied experience. teacher. lawyer,
railroad expert and finally banker.
In the latter capacity he has gained
his training with the First National
Bank. to which Mr.. Baker called him
as vice pre- sidcnt five years ago. His
new promotion was accomplished in a
manner typical of the institution which
he serves. Such changes arc generally
heraldcd in advance in the gossip Of
the district. Wall Street was caught
unaware by the announcement, but
( this did not lessen its satisfac ton.
Educated on Pacific Coast
Forty eight years DID, Mr. Reynolds
went to the Pacific Coast from Illinois
as a boy. In 1896 lie was graduated
Io1, L..
where he attained fame as a football
player, and three years later from Co.
lumba Law School. IIc was a profcs-
sor of law at Columbia University from
1908 to 1913, meanwhile becoming
identified with the Central Railroad Of
New Jersey as its general attorney
His reputation as railroad lawyer
was largely enhanced by his handling
of the Reading antitrust case. which
gucd before the United States Supreme
Court. In 1917 Mr.. Baker persuaded
him to become a vice pres idcnt Of the
First National.
The directors of the bank took occa-
sion to express their appreciation Of
''thc rare skill and Jealous Devotion"
( charactcrizing the service Of Mr.. Hnc.
tho retiring PRESIDENT for more than
twenty-five Years.
Der l6 1896. lie later became vice
president and since January, 1909. has
been president" said a minute adoptcd
+ by the board.
During that period tho deposits
have increased almost tcntold. and no
small part Of that increase is directly
attributable to Mr.. ilinc. His ability
and character have so inspired the
confidence of the business community
of its most desirable customers and
been an eNacting executive. his every
act has been so characterized by JUS
'icc and sympathetic understanding as
to win the loyal and enthusiastic CO.
/ operation Of His subordinates. His
! Judgment and his instinct for the right
course in pcrplexing situations have
been Of inestim&blc value TO his fcl-
! low officers and to this board"
Other Elections
Other results Of annual elections
/ held yesterday by national banks here
/ showed some important additions to
boards of directors. but few other
changes. John G. Shedd, preside of
Marshall Field & Co.. was elected a
mcrcc. Henry Fletcher. chairman Of
Swan & Finch Company. and Adam X,
I Luke, treasurer of the West Virginia
Pulp and Paper Company. were added
/ to the board Of the Irving National
Bank. John J. Rker, Elmer T.. Whit
taker and William Z. Cable jr were
elected directors Of the Hanover Ma
/ tlona Bank. 5. l.. Rossman. succeed
ing ". Fischman. resigned. and Fred
onkauer were elected directors OF the
I Fifth National Bank. Henry W. May
nard jr. succeeding Edwin s. Peck. and
j. ). Bcitch jr.. succeeding W. J. Hara-
han. resigned. became directors OF the
Coal and Iron National Bank
All old directors except Thomas L.
Lecming and William Milne were re-
elected by the Chatham and Phenix Ma
tioMal Bank, which also announced ap-
ploval Of the increase in capitaliza-
ton from $1,000 600 to S10.5OO 600
Directors were rc-clcctcd by the fol-
lowing institutions: National CITY.
Chase Hartman, American Eychangc.
Chemical. Mechanics and Metals, Sea-
board, National Butchers and Drovers,
Public. Atlantic, Nassau. Garfield, Bat
terry Park. Bronx National. First Ma
tional of Brooklyn, National Parl. and
Bank OF New York, \. b. A.
At the stockholders meeting Of the
Bank Of America designations were ac-
ceptcd from two directors. Cornelius
\. Bliss jr. and Henry Root Stern.
Charles N. butcher. president of the
greenwich Savings Bank of New York.
and HenIy }. Fuller were elected
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