There are Opportunities To realize the utmost profit from your Canadian investments, you should be guided by an experienced Canadian trust company. The service afforded by The Northern Trusts Co. includes the supervision of a Directorate whose members are among the foremost and most successful business men in Canada. Write us regarding your Canadian interests. The Northern Trusts Co. WINNIPEG, CANADA 59 VICE-PRESIDENT OF HIBERNIA SECURITIES CO. R. S. Hecht, president of the Hibernia Securities Company, Incorporated, of New Orleans, announces that the vacancy caused by the death of Vice-President P. H. Wilkinson has been filled by the promotion of Mr. Alvin P. Howard, heretofore treasurer of the company, to the first vice-presidency. Mr. Howard joined the staff of the Hibernia Bank & Trust Company when the New Orleans National Bank was consolidated with it about three years ago, and has since that time served as vice-president and as a member of its executive committee. When the Hibernia Securities Company was organized he also became treasurer of that company. Mr. Howard will devote most of his time to the management of the Hibernia Securities Company, but he will continue to serve as one of the vice-presidents and member of the exécutive committee of the Hibernia Bank & Trust Company. Mr. Joseph J. Farrell, who has been connected with the Hibernia Securities Company since its organization, and before that was connected with the bond department of the Hibernia Bank for many years, was elected treasurer of the Hibernia Securities Company to succeed Mr. Howard. Mr. George H. Nusloch, heretofore sales manager, and Mr. J. Albert Baudean, until recently assistant sales manager of the Securities Company, were promoted to the assistant treasurership and assistant secretaryship, respectively. Mr. Willis G. Wilmot was also elected an assistant secretary, and will have charge of the commercial paper department. The Lincoln Trust Company of Spokane, Wash., has evolved a plan to place all forms of old line life insurance policies relieving the assured from all payments after ten years at a great saving. "Your Wife and Your Insurance" is the title of a booklet issued by the Union Trust Company of Spokane, Wash., in which is described the advantage of having life insurance made payable to a trust company as trustee for specific purposes. Plans are in progress to bring about the absorption of the American Exchange Bank by the First Wisconsin National Bank of Milwaukee. The American Exchange has three branches, and deposits of $8,500,000, which will increase the deposits of the First Wisconsin National to over $81,000,000. PRESIDENT OF NEW YORK TRUST COM- Charles J. Lamb, treasurer of the Utica Trust and Deposit Company of Utica, N. Y., who was recently elected president of the Trust Company Section of the New York State Bankers' Association, began his association with the Utica Trust and Deposit Company in 1900. He was made assistant treasurer in 1910, and treasurer in 1916. In 1915 he was made secretary of Group IV of the New York State Bankers' Association and in 1916 was honored with the chairmanship of the group. Mr. Lamb was chosen secretary to the Trust Company Section in 1920 and vice-president in 1921. For 20 years Mr. Lamb commanded Company M of the National Guard, serving for 19 months during the World War. He was promoted to the rank of major and commanded the force guarding the water supply of New York City. Joseph W. Goodin has accepted appointment as secretary and treasurer of the Central Bank & Trust Co. of Parkersburg, W. Va. Trust Officer Joseph T. Maltz, of the Security Storage & Trust Company of Baltimore is distributing replicas of the last will and testament of Mary Washington. Established 1888 MINNEAPOLIS TRUST COMPANY Over thirty-three years of reliable fiduciary service have given 115 South Fifth Street, Minneapolis, Minn. 110TH ANNIVERSARY OF NATIONAL CITY BANK OF NEW YORK June 16th was a memorable day at the hig National City Bank of New York. It marked the 110th anniversary of the founding of the bank which is today the largest banking institution in the United States. On the evening of that day the officers and employees of the bank and its affiliated organizations, 2,700 strong, assembled at the Commodore Hotel to celebrate the occasion in a democratic way. The fact that it was an event of national importance also was indicated by the reading of a letter of congratulation from President Harding, the Governor of New York and the presence of Comptroller of the Currency D. R. Crissinger as the speaker of the evening. President Harding in his letter of felicitation paid this tribute to The National City Bank: "The National City Bank and its affiliated interests have been potent factors in efforts for extension of American financial and commercial influence throughout the world. They have been inspired, I am convinced, quite as much by patriotic consideration as by motives of enterprise and profit. There are multiplying and gratifying evidences that we are entering upon a new era in our own commercial affairs and in our relations with the rest of the world, in which very proper rewards will come to those who have thus devoted themselves to the national interest." Precisely as the financial growth of the National City Bank has kept pace with the banking and economic development of the country, so is the career of the institution related to the history of the country. It may be properly stated that the bank was the direct offspring of Alexander Hamilton's First Bank of the United States. Soon after the closing of the New York branch of the First Bank the City Bank came into exist ence, the directors arranging that holders of stock of the Bank of the United States might exchange their stock upon equitable terms for stock in the City Bank. The City Bank was chartered two days before war with Great Britain was declared, the bank rendering valuable financial assistance to the conduct of this war as it did in the Civil War and again recently in the World War. The roster of presidents and executive officers included some of the most brilliant banking talent in American financial history, including Samuel Osgood, William Few, Isaac H. Wright, Moses Taylor, Percy R Pyne and James Stillman, under whose administration the bank attained its premier position among American banks. The monumental building on Wall street which the HOME OF THE NATIONAL CITY BANK OF NEW YORK New Business for the Trust Department The Bankers Service Corporation announces a specialized service for the development of trust relations through— Customer Cultivation This department is under the supervision of G. Prather Knapp, author of "Public Relations of the Trust Department" and former member of the Publicity Committee Trust Company Division, A. B. A. In addition to this new service for Trust Departments, the Bankers Service Corpora tion offers developmental facilities for The Bankers Service Corporation bank today occupies was formerly the Custom House building, and was completely remodeled. The National City Bank has been foremost in extending foreign banking facilities, having more than 70 branches in 22 foreign countries. The National City Company, which took over the bond department in 1916, has more than 50 offices in leading cities in this and other countries. Today the capital of the National City Bank is $40,000,000; surplus and undivided profits, $61,082,000; deposits, $648,000,000, and total resources, $$21,000,000. Under the administration of C. E. Mitchell, who was elected president May 3, 1921, the bank and its affiliated organization has steadily increased its prestige as America's leading banking organization. Frank A. Hagarty, former mayor of Hartford, Conn., has been elected vice-president and general counsel of the City Bank & Trust Company, Hartford. W. J. Bailey has been elected governor of the Kansas C y Federal Reserve Bank, to succeed J. Z. Miller, Jr., resigned. Mr. Bailey formerly was Governor of Kansas. The National Trust Company of Toronto, Canada, has been appointed trustee under a bond issue of $500,000 for Mercury Mills, Ltd. GAINS BY BANKERS TRUST COMPANY During the brief period from March 10th to June 30th of the present year the aggregate resources of the Bankers Trust Company of New York have increased from $328,165,000 to $391,882,000 and deposits increased from $273,049,000 to $314,353,000. These gains are among the largest recorded by any bank or trust company in New York City during this period. Among the resources of the Bankers Trust Company are cash on hand and in banks, $50,477,000; exchanges, $30,706,000; demand loans, $70,726,000; time loans and bills discounted, $103,971,000; U. S. Government securities, $72,863,000; New York State and municipal bonds, $10,913,000; other bonds, $28,086,000; acceptances. $7,176,000. The capital is $20,000,000; surplus, $15,000,000, and undivided profits, $9,083,000. Augustus S. Cobb has been elected a vicepresident of the Bankers Trust Company. Mr. Cobb was born in Brookline, Mass., and was graduated from Harvard in the class of 1907 and came to the Bankers Trust Company in 1919. George W. Carrington, of the Fifty-seventh Street office of the Bankers Trust Company, was appointed assistant secretary. |