Word: bankes
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Dates: during 1920-1929
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Rumors. Most frequently repeated stories were: That the Guaranty Trust Co. and National Bank of Commerce combine would be extended to include the Corn Exchange Bank; that First National would merge with Bankers' Trust; that National City would merge with Equitable Trust Co.; that Chase National would unite with Brooklyn Trust Co. Then there was a truly robust rumor that linked Guaranty Trust Co., National Bank of Commerce, Bankers' Trust and First National in a Morgan-group merger that would be the super bank of all the world. The rumors were all denied and seemed to consist...
Guaranty-Commerce. Merger of Guaranty Trust and National Bank of Commerce, however, was officially established with announcement of officers of the combined institution. No name has been given to the combination, though it was reported that the new bank might be known simply as Guaranty Trust Co., a procedure which would cause Bank of Commerce to pass out of existence in the goth year of its age. As far as merger officers are concerned, Commerce gets the board chairmanship, Guaranty Trust the presidency, as James Strange Alexander, chairman of the board of National Bank of Commerce, and William C. Potter...
...Iberian village was Tarrytown, N. Y., where his parents had settled after their arrival from Scotland. And had Banker Alexander remained in Tarrytown he would undoubtedly have become its first banker, as even at the age of 20 he was well along the road to advancement in a Tarrytown bank. But to become a Tarrytown bank president seemed to him a meagre goal for the long years of waiting it required, so to Manhattan's National Bank of Commerce he wrote, and in 1885 he became a Commerce employe. His job was copying letters; his salary $520 per annum...
...spite of day and night study, however, he advanced slowly. After 23 years he was only assistant cashier. Then, however, came a brief absence, a marked advancement. Mr. Alexander left Bank of Commerce, spent nine months as American Express treasurer, was called back as vice president (1908). In 1911 he was made president, in 1923 became board chairman...
...said that Mr. Alexander considers that his greatest responsibilities lie not in the management of the banking business but in the guidance of the bank's employes. With proper help, the souls and minds of his hundreds of workers would be stimulated, developed, perfected. But thoughtless, untactful employers resulted in employes with ambitions thwarted and stunted. Mr. Alexander's first concern lay not with the fortunes of the bank but with its souls...