Word: trust
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Dates: during 1920-1929
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...Irving Trust Co. has announced that the company will continue to operate so that the Metropolitan will still be Knabe equipped, the Chickering will go to many a home and artists will continue to use Mason & Hamlin. And stockholders were somewhat cheered by the assurance in the receivership petition that although the company at present was "unable to meet its matured debts by reason of lack of working capital and is unable to establish adequate means to borrow money." American Piano is "still solvent...
...Fourth largest of New York banks is Equitable Trust Co. with resources of $953,000,000. Last fortnight its president. Chellis A. Austin died (TIME, Dec. 23). Last week Lawyer Winthrop Williams Aldrich was elected to succeed him. A yacht-goer, Lawyer Aldrich is 44, also a director of Bankers Trust Co. While he has been legal advisor to Equitable for ten years, most famed of his legal activities was to handle John Davison Rockefeller Jr.'s ousting of Oilman Robert Wright Stewart from Standard Oil of Indiana. After his election, Mr. Aldrich frankly conceded he came to Equitable...
...When Guaranty Trust Co. merged with National Bank of Commerce (TIME, March 11) chairman of the combined organization and responsible for the details of consolidation was James Strange Alexander, for 44 years with the Bank of Commerce. Last week Banker Alexander, 64, announced that, in business 50 years, he would retire...
Merger. There is many a venerable bank which only after years of business considers a merger. But last week directors of Underwriters Trust Co. of New York, three weeks old, admitted they were already discussing a merger with the two-year-old Sixth Avenue Bank...
Elected. Philip R. Clarke, of Chicago; to be president of Central Trust Co. of Illinois. Joseph Edward Otis, retiring president, will become board chairman. Retiring Board Chairman Charles Gates Dawes will be Honorary Chairman...