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...idea was good; the trust company was formed with the liveliest and most aggressive young men of New York's financial district on its board of directors. Mr. Davison's banking sagacity and charm had brought them together. He acted as their chairman; Edmund C. Converse of the Liberty National Bank, where ten years before Davison had himself got his first important Manhattan banking job, went to the Bankers Trust as president. Thomas W. Lament was secretary & treasurer...

Author: /time Magazine | Title: Business: Davison's Bank | 4/9/1928 | See Source »

...Bankers Trust was to become, after it added commercial banking to its activities, the sixth largest bank in the U. S. Meanwhile, Mr. Davison was to become a Morgan partner in 1909, after he had further distinguished himself during the panic...

Author: /time Magazine | Title: Business: Davison's Bank | 4/9/1928 | See Source »

When Henry Pomeroy Davison became a Morgan partner he was 42 years old; 30 years younger than the late John Pierpont Morgan (1837-1913); three months older than the present John Pierpont Morgan...

Author: /time Magazine | Title: Business: Davison's Bank | 4/9/1928 | See Source »

...Davison's shrewd evaluation of the lively mentality and personality of Thomas William Lamont was influential in making him a Morgan partner in 1911. Thomas Lamont was 41 then. Mr. Davison also noted the persuasive powers of Lawyer Dwight Whitney Morrow, and greeted him as partner after the elder Morgan's death. Dwight Morrow was 41 then...

Author: /time Magazine | Title: Business: Davison's Bank | 4/9/1928 | See Source »

Before the War, the Morrows, the Laments, the Davisons and the Thomas Cochrans (Morgan partner since 1917) all lived in Englewood, N. J., across the Hudson River from Manhattan. Since the War Mr. Lamont has become (next to John Pierpont Morgan) the best known Morgan partner and U. S. international financier. Mr. Morrow is currently the outstanding U. S. diplomat-Ambassador to Mexico. Mr. Cochran became the Morgan partner on the board of General Motors, and, like Mr. Davison before him, chairman of the executive committee of the Bankers Trust Co. For Henry Pomeroy Davison died in 1922, aged...

Author: /time Magazine | Title: Business: Davison's Bank | 4/9/1928 | See Source »

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