The Farmers Loan and Trust Company of New York

Bank History, Farmers Loan and Trust Company

(From: New York Bank History. By Bob Kerstein, President of Scripophily.com)

1822 Established Farmers Fire Insurance & Loan Company
1836 Name Change To Farmers Loan and Trust Company
06/01/1929 Purchased Trust National City Bank of New York
06/01/1929 Name Change To City Bank Farmers Trust Company
12/19/1931 Acquire By Merger Bank of America Trust Company
01/30/1959 Convert Federal First National City Trust Company
01/01/1963 Merge To Federal First National City Bank
1976 Name Change To Citibank, N.A.
Bank History F / Scripophily.com

The Farmers Loan and Trust Company, 1879-1880

R.G. Rolston, President; G.F. Talman, Vice-President; R.C. Boyd, Second Vice-President; G.P. Fitch, Secretary. Executive Committee: Moses Taylor, J.J. Astor, Isaac Bell, G.F. Talman, Samuel Sloan, Edward Minturn, R.G. Rolston. (Display Ad. New York Times, Apr. 11, 1879 p. 6.) In 1880, W.D. Searls was Assistant Secretary, and Robert Lennox Kennedy replaced Minturn. (New York Times, Jan. 6, 1880 p. 7.)

Roswell G. Rolston

Roswell Graves Rolston was an officer of the Farmers Loan and Trust Company for thirty-three years, until suffering a stroke in 1897. He resigned as president, but continued as chairman and a director until shortly before his death. He had been involved in "several minor ventures" until becoming involved in organizing the Fourth National Bank. He left it to become a vice president of Farmers. He was also a director of the Western Union Telegraph Company, the Queens Insurance Company of America, the New Jersey Steamboat Company, the National City Bank, and the Commonwealth Insurance Company of New York; a member of the Board of Managers of the Delaware, Lackawanna and Western Railroad, and a trustee of the Consolidated Gas Company. (Rosewell G. Rolston Dead. New York Times, Aug. 26, 1896.) He was a director of the Northern Pacific Railroad during the 1883 visit of Eduard Lasker among a group of German investors. (The Northern Pacific Road. New York Times, Sep. 22, 1882; Accepting His Resignation. New York Times, Jan. 5, 1884.)

His son, Louis B. Rolston, was a partner of the law firm of Geller, Rolston & Horan, counsel to the Farmers Loan and Trust. (Louis Bertrand Rolston. New York Times, Jan. 29, 1933.) He was Secretary and Treasurer of the Bellevue Hospital Medical Board when it was merged with the New York University Medical College. D.O. Mills was President and Samuel Sloan, Vice President. (Two Colleges Are United. New York Times, Apr. 9, 1897.)

Samuel Sloan (1817-1907)

He was born in Lisburn, Ireland, the hometown of the Brown Brothers, before his parents immigrated to New York. He left school at age 15 when his father died, and worked at McBride & Co., Irish linen importers, and was a partner by 1845. In 1855, "At the instance of Gov. [Edwin D.] Morgan," he became a director and then the President of the Hudson River Railroad, later the New York Central. He left after Commodore Vanderbilt took control, and two years later was elected President of the Delaware, Lackawanna & Western. He was its president until 1899, and then chairman until his death. He was president of a half dozen other railroads at various times, and was a director or officer of 33 corporations at his death, including vice president and director of the National City Bank, a director of the Farmers Loan and Trust Company, and the United States Trust Company. (Samuel Sloan Dies In Nintieth Year. New York Times, Sep. 23, 1907.) He also contributed $5,000 to the building fund for Columbia University, along with Abram S. Hewitt, Seth Low, Samuel D. Babcock, Jacob H. Schiff, and R. Fulton Cutting (who gave $10,000). (Columbia's New Site. New York Times, May 11, 1892.) Bellevue Hospital Medical College was consolidated with New York University Medical College in 1897. The officers of the Bellevue Hospital College Board were D.O. Mills, President; Samuel Sloan, Vice President; and Louis B. Rolston, Secretary and Treasurer. (Two Colleges Are United. New York Times, Apr. 9, 1897.) "He was a warm friend of James Boorman, the projector" of the Hudson River road. "Its Directors were mostly men of strength in the business world, including Gov. Morgan, John D. Wolfe, Drake Mills, C.H. Russell, James Bauman, C.W. Chapin, Moses H. Grinnell, William Kelly, Charles F. Pond, and Edward Jones." (Samuel Sloan. By Earl D. Berry. New York Times, Mar. 6, 1898.) Peter Lorillard was a director in 1858, when Samuel Sloan was unanimously re-elected president. (Commercial Affairs. New York Times, Jun. 15, 1858.)

The Farmers Loan and Trust Company, 1882-1884

No. 26 Exchange Place, New York. Directors: * George F. Talman, Vice Pres.; * Moses Taylor; * Isaac Bell; William Walter Phelps; A.H. Baylis; W.W. Astor; Jno. H. Mortimer; W.H. Wisner; Charles E. Dill; A.S. Murray; Thomas Rutter; J.H. Banker; S. Clark Jervoise; * John J. Astor; * Robert Lenox Kennedy; * Samuel Sloan; Percy R. Pyne; William Remsen; James Roosevelt; Edgar S. Auchincloss; A.R. Van Nest; R.L. Cutting; Edward R. Dell; N.L. McCready; C.H. Thompson; * R.G. Rolston (President); and Denning Duer. (* Executive Committee). W.D. Searls, 2nd Vice Pres.; William H. Leupp, Secretary; Frank Munn, Asst. Sec'y. (Display Ad. New York Times, Feb. 7, 1882 p. 7.) In 1883, it moved to Nos. 20 and 22 William St. Baylis, Mortimer, Talman and Taylor left, and Frederick Billings, Robert C. Boyd, and Moses Taylor Pyne joined the board. (Display Ad. New York Times, Sep. 19, 1883 p. 7; Display Ad. New York Times, May 28, 1884 p. 7.)

Edgar S. Auchincloss

Edgar Stirling Auchincloss was a commission merchant. He graduated from New York University in 1864, and married Maria La Grange Sloan, daughter of Samuel Sloan, the president of the Delaware, Lackawanna & Western Railroad. Three of his brothers graduated from Yale (in 1871 [Frederick Lawton Auchincloss], 1873, and 1879 [Hugh D. Auchincloss, who succeeded him as a director of the Farmers Loan and Trust]) and five of his sons (in 1896, 1901, 1903 and two in 1908). (Frederick Lawton Auchincloss 1871. Obituary Record of Graduates of Yale University Deceased during the Academical Year ending in June, 1879, p 45; Edgar Stirling Auchincloss 1896. Obituary Record of Graduates of Yale University Deceased during the Academical Year ending in June 1910, pp. 119-120.)

Yale Obituary Record 1878-1879 / Yale University Library (pdf, 54 pp)
Yale Obituary Record 1909-1910 / Yale University Library (pdf, 184 pp)

His son, Samuel Sloan Auchincloss, entered the Yale class of 1894, but left to join Auchincloss Brothers before graduating. He was a member of the Stock Exchange firm of Auchincloss, Joust & Patrick until about 1924, and lived his last six years in England. (Samuel Auchincloss Dies in England at 61. New York Times, Apr. 28, 1934.)

His son, Dr. Hugh Auchincloss, Scroll & Key 1901, attended the College of Physicians and Surgeons at Columbia and was a member of its faculty from 1908 to 1947. His daughter, Maria Sloan Auchincloss, married Allen M. Look, Skull & Bones 1927. (Bulletin of Yale University. Obituary Record of Graduates of Yale University Deceased during the Year 1947-1948, pp. 60-61.) Dr. Hugh Auchincloss was to be an usher at the wedding of Dr. Raynham Townsend. Fellow ushers included Dr. George Smith [Yale 1901], Dr. Albert Lamb [S&B 1903]. (Society Home and Abroad. New York Times, May 17, 1908.) He was at the fundraiser of the American Society for the Control of Cancer in 1926. (Cancer Fund Gains $90,000 in Campaign. New York Times, Sep. 28, 1926.) His grandson, Dr. Hugh Auchincloss, Yale 1938, was an associate clinical professor of surgery at Columbia's College of Physicians and Surgeons. (Hugh Auchincloss, Surgeon, Dies at 83. New York Times, Oct. 31, 1998.) His great-grandson, Dr. Hugh Auchincloss, Jr., has been named the new principal deputy director of National Intitute of Allergy and Infectious Diseases. "Auchincloss joins NIAID from Massachusetts General Hospital, where, as professor of surgery at Harvard Medical School, he earned an international reputation in the field of organ transplantation. An immunologist, Auchincloss is the founder and director of the Juvenile Diabetes Research Foundation Center for Islet Transplantation at Harvard Medical School. He has spent much of his time in recent years as chief operating officer of NIAID’s Immune Tolerance Network. He also serves as chairman of the FDA’s subcommittee on xenotransplantation. He was elected president of the American Society of Transplantation in 2005." (NIH Record, Mar. 10, 2006.)

Yale Obituary Record 1947-48 / Yale University Library (pdf, 254 pp)
Dr. Hugh Auchincloss, 1998 / New York Times
NIH Record, Mar. 10, 2006 / National Institutes of Health

His son, James Coats Auchincloss (1885-1976), Yale 1908, briefly worked as a $4 per week clerk at the Farmers Loan and Trust before purchasing a seat on the New York Stock Exchange for $92,000, "the highest price paid up to that time." He gave up his seat in 1935 to run for office in Rumson, N.J. He was elected to the U.S. House of Representatives in 1942, after redistricting made his district Republican, and served eleven terms before retiring in 1965. He had two sons, Douglas and Gordon Auchincloss [2d]. (James C. Auchincloss Dies At 91; 11-Term Jersey Representative. By Thomas W. Ennis. New York Times, Oct. 3, 1976.) Before World War II, Gordon Auchincloss II worked for the Lord & Thomas advertising agency on the American Tobacco Company account. During World War II, he worked for the O.S.S. in propaganda.

His son, Gordon Auchincloss, Scroll and Key 1908, was the lawyer and secretary for his father-in-law, Col. Edward M. House. He was a director of the Chase National Bank, International Paper and Power Company, Crosse & Blackwell Company, Société Financière de Transports et d'Enterprises Industrielles of Belgium, Solvay American Corporation and Compania Hispano Americana de Electricidad of Spain. He was a trustee in the reorganization of the Porto Rican American Tobacco Company in 1940 and President of the reorganized company, the Rican Corporation, until 1943. (Auchincloss Dies; Aide to Col. House. New York Times, Apr. 17, 1943; Bulletin of Yale University, Obituary Record of Graduates of Yale University Deceased during the Year 1942-1943, pp. 98-99.) In World War I, he was the assistant to Assistant Secretary of State Frank Polk [Scroll & Key 1894], who "laid the groundwork for the central intelligence organization U-1." (The CIA and American Democracy. By Rhodri Jeffreys-Jones. Yale University Press, 2003.)

Yale Obituary Record 1942-1943 / Yale University Library (pdf, 312 pp)

His son, Reginald L. Auchincloss, was a member of Scroll & Key 1913. (Yale 'Taps' in Rain Amid Great Tension. New York Times, May 17, 1912.) He married Ruth Hunter Cutting, the daughter of Robert Fulton Cutting. Ushers at his wedding were T. Lawrason Riggs, F. Bayard Rives, S. Sloan Colt [his cousin, at whose wedding Auchincloss was an usher], Charles H. Marshall, H. Humphrey Parsons, C. Suydam Cutting, Edwin D. Morgan Jr., and Joseph Walker 3d. His brother, Samuel Sloan Auchincloss, was best man. (Washington Post, Apr. 3, 1916; R. La G. Auchincloss Weds Ruth Cutting. New York Times, May 3, 1916.) "This work has been made possible through the generosity of the Royal Baking Powder Company, Mr. and Mrs. Reginald Auchincloss, and the Cancer Rescarch Fund of the Graduate School of Medicine of the University of Pennsylvania. The writers are indebted, also, to Mr. R. G. Crosen for his aid in the development of the method." (The Tar in Cigarette Smoke and Its Possible Effects. William D. McNally, M.D. of Rush Medical College. Am J Cancer 1932 Nov;16(6):1502-1514.) R. Fulton Cutting, a grandson of director Robert L. Cutting, was a major benefactor of the American Society for the Control of Cancer. In 1948, McNally testified on behalf of the Federal Trade Commission against the P. Lorillard Tobacco Company, along with Albert D. Lasker's crony Anton J. Carlson.

McNally, 1932 / tobacco document

Edgar S. Auchincloss's brother, John Winthrop Auchincloss, Ph.B. 1873, was an agent of J&P Coats, Ltd., from 1873 to 1890; a partner of Auchincloss Brothers 1877-1923; a director of several corporations, and a trustee of the Mutual Life Insurance Company from 1885-1907 and a director of it from 1903 to 1914, as well as a member of its "investigating committee" in 1905. His daughter, Elizabeth, married Percy H. Jennings, S&B 1904. (J.W. Auchincloss, 84, Former Executive. New York Times, Jan. 25, 1938; Bulletin of Yale University. Obituary Record of Graduates of Yale University Deceased during the Year 1937-1938, pp. 153-154.) His son, Joseph Howland Auchincloss, Scroll & Key 1908, received his law degree from Harvard in 1911, then joined Stetson, Jennings and Russell, where his uncle, Charles Howland Russell, was a partner. He continued with the firm when it became Davis, Polk & Wardwell in 1921. (J. Howland Auchincloss Dies; Specialist in Corporate Law, 82. New York Times, Sep. 1, 1968.) Dr. J. Howland Auchincloss Jr. was a co-author of " The acute effects of smoking on the mechanics of respiration in chronic obstructive pulmonary emphysema" (Am Rev Tuberc. 1957;Jul;76(1):22-32. No abstract available), which was cited in the 1964 Surgeon General Report. At a luncheon meeting sponsored by the American Lung Association and the World Health Organization, he claimed that "Lung-related diseases can be traced back to man-made air pollution, which is largely tobacco smoke." (Lung Association Talks Detail Anti-Smoking Fight. By Richard Palmer. Syracuse, N.Y., Herald-Journal, Apr. 8, 1980.)

Yale Obituary Record 1937-1938 / Yale University Library (pdf, 305 pp)
Syracuse Herald-Journal, 1980 / tobacco document

Frederick Billings

Frederick Billings (1823-1890) was Henry Villard's predecessor as president of the Northern Pacific Railroad. He was an executor of the will of surgeon dentist Dr. Eleazar Parmly, his father-in-law. Parmly left an estate of about $1.5 million, of which his wife, Julia, would get a quarter. (The Will of Dr. Parmly. New York Times, Jan. 20, 1875.) His son, Parmley Billings, died of "congestion of the kidneys" at age 25. (Parmley Billings Dead. New York Times, May 9, 1888.) He attended the annual meeting of the Presbyterian Hospital that year. (Presbyterian Hospital Meeting. New York Times, Dec. 23, 1888.) He was born in Royalton, Vt. in 1823, graduated from the University of Vermont in 1844 and read law with O.P. Chandler in Woodstock. In 1849, he moved to San Francisco, where his brother-in-law, Capt. Simmons, had purchased an estate, and became the first lawyer in that city. In 1865, he disposed of most of his property and returned to Woodstock. Billings purchased an original twelfth interest in the Northern Pacific Railroad, and was elected president in 1879. He resigned in 1881 out of disagreement with Villard's blind-pool financiering. He continued as a director and large stockholder until the year of his death. He was also a director of the Farmers' Loan and Trust Company, the American Exchange Bank, the Manhattan Life Insurance Company and other companies, and a trustee of the Presbyterian Hospital and the Hospital for the Ruptured and Crippled. (Frederick Billings Dead. New York Times, Oct. 1, 1890.) The Farmers' Loan and Trust Company put the Northern Pacific Railroad into the hands of receives. (Northern Pacific Again. New York Times, Aug. 16, 1893.) Mary Montagu Billings married John French, the son of Warren C. French. Her brother, Freerick Billings, escorted her. Mr. and Mrs. K.D. Cheney Jr. [S&B 1892] were among the guests. (Many June Brides Wed Yesterday. New York Times, June 2, 1907.) Laura Billings married Dr. Frederic S. Lee, a physiologist at Columbia University. She was a member of the council of the Charity Organization Society from 1902 until her death, and trustee of the Russell Sage Foundation. (Mrs. Frederic S. Lee. New York Times, Nov. 8, 1938; Dr. Frederic S. Lee, Physiologist, Dies. New York Times, Dec. 16, 1939.) His grandson, John French Jr., married Rhoda Walker, daughter of the late Roberts Walker of the law firm White & Case. Nelson Aldrich Rockefeller was best man, and ushers included John D. Rockefeller 3d and Edwin Olaf Holter Jr. (Other Weddings. New York Times, June 25, 1931.) His granddaughter, Mary Billings French, married Laurance S. Rockefeller. (Miss French's Bridal to Take Place Aug. 15. New York Times, Jul. 19, 1934.) His great-granddaughter, Lucy Aldrich Rockefeller, married Charles Hamlin, Skull & Bones 1961. They were both students at Dartmouth Medical School. (Lucy Aldrich Rockefeller Is Married. New York Times, Jun. 14, 1964.)

Beginning in 1916, the Billings family as well as the Rockefellers supported the establishment of a medical school at the University of Chicago. "Albert Billings' son, C.K.G. Billings, was the family's principal donor, but his cousin, Dr. Frank Billings (the Dean of Rush Medical College), brother-in-law Charles H. Ruddock, and nephew Albert M.B. Ruddock also participated in the plan. In all, members of the Billings family gave more than $1 million to found the University of Chicago Medical School and erect the Albert M. Billings Hospital." C.K.G. Billings was the retired president of Peoples Gas, Light, and Coke Co. of Chicago, and the founder of Union Carbide.

Developing the Medical Center / University of Chicago

Dr. Frank Billings (1854-1932) was Albert Merritt Billings's nephew. In addition to being Dean of Rush Medical College for 20 years, he was variously treasurer, president, trustee, secretary of the board of the American Medical Association between 1902 and 1924; president of the John McCormick Institute for Infectious Diseases from 1902 to 1932; president of the board of trustees of the Otho S.A. Sprague Memorial Institute from 1909 to 1932; president of the Association of American Physicians in 1906; and president of the National Tuberculosis Association in 1907. He was also Chairman of the American Red Cross Commission to Russia in World War I.

http://marklogic.lib.uchicago.edu:8002/view.xqy?id=ICU.SPCL.BILLINGS&c=b

Robert Livingston Cutting

Robert Livingston Cutting (1812-1887) "was conspicuous in local affairs when a young man and was one of the most active and aggressive members of the Committee of Seventy, appointed to overthrow the Tweed Ring." He was a member of the stock brokerage firm Lee, Livingston & Co., 17 William Street, at his death. He was supposedly bankrupt, owing $150,000 to the estate of his father, $17,000 to his brother, William Cutting, and $5,000 to his wife. He was survived by his brother and two sons, Robert L. Cutting Jr. (whom he disinherited in 1892 for marrying Minnie Seligman), and James De Wolf Cutting, a partner of Taylor, Cutting & Co., 7 Wall Street. (R.L. Cutting In Debt $170,000 At His Death. New York Times, Mar. 9, 1904; Ahnentafel, Generation No. 1. In: Frederick Philipse Family Tree. An Aristocratic Family from Bohemia, Czech Republic.)

Frederick Philipse Family Tree / Ancestry.com

Robert Livingston Cutting Jr. was an incorporator of The Electric Light Company in 1878, capital $300,000. Fellow incorporators included Tracy R. Edson, James H. Barker, Norvin Green, Grosvenor P. Lowery, Robert M. Galloway, Egesto B. Fabbray, George R. Kent, George W. Soren, Charles F. Stone, William G. Miller, Thomas A. Edison and George S. Hamlin. (Latest News. Chester, Pa., Daily Times, Oct. 18, 1878; White Dental Manufacturing Company Records. The Edison Papers.) "Tracy R. Edson Co-founder of the American Banknote Company and previous to that a co-founder of Rawdon, Wright, Hatch & Edson, printers of the first United states postage stamps. During the Civil War, Edson was president of the American Bank Note Company and was famously involved in printing Confederate banknotes and bonds for Gazaway Bugg Lamar, the chief Confederate agent in New York, while still executing his prewar contract to print U.S. treasury notes for the Federal government. In later years he was Vice President of Western Union and was the man who introduced Thomas Edison to that company." (New York Submarine Company - Subscription to Capital Document with signatures - New York 1864. Scripophily.net)

New York Submarine Company / Scripophily
Edison Papers / Rutgers University

He was also a partner of tobacco financier Thomas Fortune Ryan: "This is to certify that the undersigned have formed a limited partnership, pursuant to the provisions of the Revised Statutes of the State of New-York; that the name or firm under which such partnership is to be conducted is LEE & RYAN; that the general nature of the business to be transacted is the buying and selling, on commission, of bonds, stocks and securities, and such other business as my be properly incident thereto; that the names of all the general and special partners interested therein, with their respective places of residence, are as follows: John Bowers Lee, who resides in the City, County, and State of New-York, and Thomas Fortune Ryan, who resides in the City, County, and State of New-York, who are the general partners, and Robert L. Cutting Jr., such a special partner, has contributed the sum of one hundred thousand dollars as capital to the common stock; that the said partnership is to commence on the 6th day of March, A.D. 1882, and is to terminate on the 6th day of March, A.D. 1884; that the principal place of business of the said partnership is in the City and County of New-York. - Dated March 3, 1882." Lee swore to A.W. Andrews, notary public, that the said sum had been paid in cash. (Copartnership Notices. New-York Times, Apr. 4, 1882 p. 7.) A brother of Robert L. Cutting Jr., Fulton Cutting (1816-1875), was the father of Robert Fulton Cutting (1852-1934), a major benefactor of the American Society for the Control of Cancer; his daughter married Reginald L. Auchincloss.

William Walter Phelps, Skull & Bones 1860

William Walter Phelps (1839-1894) was a New Jersey Congressman 1872-1874, and minister to Germany in 1889-93. In addition to the Farmers Loan and Trust, he was a director of the National City Bank, the Second National Bank of New York, the United States Trust Co., and nine railroads. He married Ellen Sheffield, the daughter of Joseph E. Sheffield, the founder of Yale's Sheffield Scientific School, and fathered Sheffield Phelps, S&B 1886, who died of typhoid fever in 1902; and John Jay Phelps, Scroll & Key 1883, d. 1948, who was with the Farmers Loan and Trust from 1883-85. (William Walter Phelps bio, Phelps Family History in America; Obituary Record of Graduates of Yale University Deceased during the Academical Year ending in June 1894, pp. 35-36; Obituary Record of Graduates of Yale University Deceased during the Academical Year ending in June 1903, pp. 53-54.) The sons were cousins of Mabel T. Boardman of the American Red Cross. (Bulletin of Yale University, Obituary Record of Graduates of Yale University deceased during the Year 1948-1949, pp. 6-7.)

William Walter Phelps bio / Phelps Family History in America
Yale Obituary Record 1893-94 / Yale University Library (pdf, 69 pp)
Yale Obituary Record 1902-03 / Yale University Library (pdf, 81 pp)
Yale Obituary Record 1948-49 / Yale University Library (pdf, 186 pp)

Samuel Sloan Jr.

Samuel Sloan Jr. was the son of Samuel Sloan. Samuel Sloan Jr. was first employed by the Farmers Loan and Trust in 1887. He became assistant secretary in 1889, secretary in 1897, and vice president in 1897. He continued his fathers' seat on the board of the National City Bank as well. He retired as a senior vice president in 1930, but continued as a director. "His desk at the offices of the City Bank Farmers Trust Company is to be kept intact for him at the direction of James H. Perkins, president of the bank, it is announced, and his old associates at the bank expect to continue to see him at it frequently." (Samuel Sloan Out of Active Banking. New York Times, Apr. 30, 1930.) He graduated from Columbia University in 1887. In 1888, he married Katherine S. Colt, who survived him, along with his brother, Benson B. Sloan, and sisters, Mrs. Richard C. Colt [the mother of S. Sloan Colt] and Mrs. Joseph Walker. (Samuel Sloan, 75, A Retired Banker. New York Times, Nov. 27, 1939.) He was Treasurer of the International Medical Missionary Society. (Missionaries Made Doctors. New York Times, Jun. 18, 1894.)

Samuel Sloan's nephew, Samuel Sloan Walker, was a member of Scroll & Key 1917, who traveled to Palm Beach to tap the 1918 members a month early, because six of the 15 secret society members (including [Reginald G.] Coombe, Lawrence, Farwell and Read) were already in the Yale aviation corps. ("Tap Day" At Yale. New York Times, May 19, 1916; Yale Seniors Tapped. New York Times, Apr. 20, 1917.) His brother, Joseph Walker Jr., was best man, and Knight Woolley, S&B 1917, and Stanley Burke, Henry E. Coe, Samuel Meek, and Kenneth E. O'Brien, all of Scroll & Key, and Henry Hutton Landon of Wolf's Head were ushers at his wedding. (Miss Audrey Riker Weds S.S. Walker. New York Times, Apr. 7, 1920.) He joined Joseph Walker & Sons, a New York Stock Exchange Firm that was founded in 1855 by his grandfather, Joseph, with his brother as Francis T. Walker & Brother. Joseph Walker was an agent for the U.S. government in selling gold for the account of the Treasury Department. His sons, Joseph Walker Jr. and E. Robbins Walker, were also members of the firm. Joseph Walker Sr. died in 1918. (75th Anniversary For Walker & Sons. New York Times, Feb. 20, 1930.) Samuel Sloan Walker retired as senior partner of the firm and died in 1978. (Samuel Sloan Walker. New York Times, Jun. 10, 1978.)

Samuel Sloan's grandnephew, Samuel Sloan Walker Jr., was Skull & Bones 1948. [Thomas William] Ludlow Ashley and Howard S. Weaver, S&B 1948, and William F. Buckley Jr., S&B 1950, were ushers at his marriage to Alexandra de Bottari of Mexico City. Her sister was Mrs. Richard Colt. (Miss A. de Bottari Married in Chapel. New York Times, Jun. 27, 1948.) He was president of Walker & Co., book publishers, when he remarried to Evelyn Bready. (Evelyn E. Bready Is Married To Samuel Sloan Walker Jr. New York Times, Oct. 29, 1961.) "Other legitimate publishers that received C.I.A. subsidies according to former and current agency officials, were Franklin Books, a New York based house that specializes in translations of academic works, and Walker & Co., jointly owned by Samuel Sloan Walker Jr., a one-time vice president of the Free Europe Committee, and Samuel W. Meek, a retired executive of the J. Walter Thompson advertising agency and a man with close ties to the C.I.A." Frank G. Wisner Sr. was the first head of the covert action staff. "The C.I.A.'s propaganda operation was first headed by Tom Braden, who is now a syndicated columnist, and was run for many years by Cord Meyer Jr., a popular campus leader at Yale before he joined the C.I.A." (Worldwide Propaganda Network Built By the C.I.A. By John M. Crewdson and Joseph B. Treaster. New York Times, Dec. 26, 1977.) Samuel Sloan Walker 3d also graduated from Yale. His mother was vice president of Walker & Company. He worked in the enforcement division of the Securities and Exchange Commission. He married Elliott Ward Sparkman, a segment producer for the "Today" Show on NBC. Her father, Dr. Thorne Sparkman, was professor of medicine at the University of Pennsylvania. (Elliott W. Sparkman, Sloan Walker. New York Times, Apr. 28, 1996.)

Elliott W. Sparkman, Sloan Walker, 1996 / New York Times

Samuel Sloan 3d was the son of Samuel Sloan Jr.'s brother Benson Bennett Sloan. He married Maralen Winnifred Reed of Little Rock, Ark., while he was a flying instructor at Perrin Field in Texas. (Sloan-Reed. New York Times, Dec. 25, 1943.) He later married Marion Baker Titus. (Mrs. Titus Married To Samuel Sloan 3d. New York Times, Apr. 21, 1956.) In 1966, he was a vice president of Hayden, Stone, Inc. (Frank and Levy Are Nominated To Head Big Board's Governors. By Vartanig G. Vartan. New York Times, Apr. 12, 1966.) His brother, Benson B. Sloan Jr., graduated from Princeton in 1937. He served as a navigator in the Army Air Forces in the South Pacific in World War II, then joined Harris, Upham & Company as a stockbroker and retired as a partner in 1965. Two brothers, William and Samuel, survived him, as well as his son and daughter. (Benson B. Sloan Jr.; Stockbroker, 75. New York Times, Oct. 31, 1990.) "Ben started as an investment analyst with City Bank Farmers before almost five years in the Army, starting as a private and ending up a captain." He was with the 435th Bomb Squadron in New Guinea, Papua, and the Solomon Islands. (Benson B. Sloan Jr., '37. Princeton Alumni Weekly, Jan. 23, 1991.)

Benson B. Sloan Jr., 1990 / New York Times
Benson B. Sloan Jr., '37 Princeton Alumni Weekly

William H. Wisner

William H. Wisner was born in New York City in 1806. "When very young he was sent to Goshen, N.Y., where the family resided, and there he received his education. He subsequently engaged in the grocery business in this city, and was for many years one of the most prominent and best-known men in the tea-importing trade." He retired from business about 1886. "Mr. Wisner was the great-grandson of Henry Wisner, who was a member of the Continental Congress and took an active part in the Revolution. He was also the grandson of Gabriel Wisner, who was killed at the battle of Minisink." He was to be buried in the family plot at Goshen. Seven children survived him. (Obituary Record. New York Times, Jan. 28, 1895.) William H. Wisner was one of the Eastern stockholders and directors of the St. Louis Ore and Steel Company, who included several directors connected with the Delaware and Hudson Canal Company. (A Solid Syndicate. St. Louis Globe-Democrat, February 26, 1882.)

Wisner / Van Der Veer Genealogy

Alexander Masterson

Alexander Masterson, a seventy-two year old director of the Farmers Loan and Trust, was shot to death by a retired merchant who accused him, in a sixty-three page statement, of alienating his family from him and wasting their money. David McClure and Rosewell G. Rolston were named as Masterson's accomplices. (Alex. Masterson Shot. New York Times, May 4, 1899.)

The Farmers Loan and Trust Company, 1900-1901

Nos. 16, 18, 20 & 22 William Street, New York: Edwin S. Marston, President; Thomas J. Barnett, 2d Vice President; Samuel Sloan Jr., Secretary; Augustus V. Heely, Asst. Secy. Directors: Samuel Sloan; William Waldorf Astor; James Roosevelt; D.O. Mills; Robert E. Ballantine; Franklin D. Locke; George F. Baker; Charles A. Peabody Jr.; Hugh D. Auchincloss; James Stillman; Edward R. Bell; Henry A.C. Taylor; D.H. King Jr.; Henry Hentz; Robert C. Boyd; E.R. Holden; William Rowland; Edwin S. Marston; Moses Taylor Pyne; S.S. Palmer; Edward R. Bacon; H. Van Rensselaer Kennedy; Cleveland H. Dodge; John L. Riker; Daniel S. Lamont; A.G. Agnew; Archibald D. Russell. (Display Ad 13. New York Times, Jan. 8, 1900 p. WF8.) William B. Cardozo and Cornelius R. Agnew became Assistant Secretaries. (Display Ad 16. New York Times, Mar. 5, 1900 p. WF8.) In 1901, Roosevelt and Bell left the directorate, and P.A. Valentine joined. (Display Ad 15. New York Times, Jan. 21, 1901 p. WF8.) W.S. Bogert was elected in June. (Farmers Loan and Trust. New York Times, Jun. 12, 1901.)

Hugh D. Auchincloss

Hugh Dudley Auchincloss (1858-1913) was a brother of Farmers Loan and Trust director Edgar S. Auchincloss. He graduated from Yale in 1879. He was a partner with his brother, John Winthrop Auchincloss, Yale 1873, in Auchincloss Brothers, founded by his grandfather, Hugh Auchincloss of Paisley, Scotland. He retired from this business in 1891 to manage private companies and go into banking. He was a director of the Bank of Manhattan Co., a trustee of the Bowery Savings Bank, the Consolidated Gas Co., and the Farmers Loan and Trust. He married Emma Brewster, the daughter of Oliver Burr Jennings, in 1891. Walter Jennings, S&B 1880, was his brother-in-law. His classmate, Dr. Walter B. James, S&B 1879, married his wife's sister. (Hugh D. Auchincloss Dies. New York Times, Apr. 22, 1913; Bulletin of Yale University. Obituary Record of Yale Graduates 1912-1913, pp. 118-119.)

Yale Obituary Record 1912-13 / Yale University Library (pdf, 196 pp)

As of Dec. 31, 1911, the American Tobacco Company had $4,349,521.51 at the Farmers Loan & Trust Co. (Fiscal Statements, The American Tobacco Co., Dec. 31, 1911.)

ATC Fiscal Statements, Dec. 31, 1911 / tobacco document

William B. Cardozo

William Benjamin Cardozo was a senior vice president and a director of the City Bank Farmers Trust Company. He was born in New York in 1865, the son of Abraham Hart Cardozo of Petersburg, Virginia, and Sarah Peixotto Cardozo of New York. Roswell G. Rolston, the president of the Farmers Loan and Trust Company, was a friend of his father, who gave Cardozo his first job as an office boy in 1881. He was elected a director of the firm in 1931. He was a first cousin of Judge Benjamin N. Cardozo. He was married to Jennie Housman. (William Cardozo, Veteran Banker. New York Times, June 4, 1940.) Judge Cardozo, his cousin, was the son of Judge Albert J. Cardozo of the Tweed Ring. Michael Hart Cardozo Sr. (1851-1906), the great grandfather of New York City Mayor Michael Bloomberg's Corporation Counsel Michael A. Cardozo, was a brother of William B. Cardozo. (Cardozo, Stern Genealogy. American Jewish Archives.) William B. Cardozo was best man for Edward Lester Bamberger at his marriage to Lillian Grace Housman, the sister of Arthur A. Housman. Mr. and Mrs. B.M. Baruch were among the guests. (Bamberger-Housman. New York Times, Apr. 30, 1902.) "The firm of A.A. Housman & Co., which succeeded Burrell & Housman in 1890, consisted of Mr. Housman, the senior partner; his two brothers, Clarence J. and Fred Housman, and Saling W. Baruch. Mr. Baruch, who is the second board member, is a younger brother of Bernard Baruch, a former partner in the firm." (A.A. Housman Dead; Ill Only Three Days. New York Times, Aug. 22, 1907.) In 1899, A.A. Housman & Co. attached the trustees of the will of John E. Liggett for commissions on procuring a purchaser for 550½ shares of stock of the Liggett & Myers Tobacco Company. The purchaser was George P. Butler. (The Liggitt [sic] and Myers Sale. New York Times, Apr.22, 1899.)

Cardozo, Stern Genealogy / American Jewish Archives (pdf, 1 p)

His daughter, Mildred Rosalie Cardozo, was married to Arnold Furst, a lawyer with Kaye, MacDavitt & Scholer. Judge Benjamin N. Cardozo performed the ceremony. Arnold's uncle, Michael Furst, Yale 1876, was best man. (Furst-Cardozo. New York Times, June 26, 1930.) Arnold Furst graduated from Yale in 1903, and was his uncle's partner in Furst & Furst from 1907 to 1918. Michael Furst was a founder of the Montauk Bank of Brooklyn, and chairman of the board of directors of the National Title Guarantee Company since 1930; a trustee of the Greater New York Savings Bank, and a director of the Mechanics Bank of Brooklyn and National Exchange Bank and Trust. He was a founder of the Young Men's Hebrew Association and its president from 1906 to 1910, and a trustee of the Denver Home for Consumptives. (Michael Furst, B.A. 1876. Bulletin of Yale University, Obituary Record of Graduates of Yale University Deceased during the Year 1933-1934, p. 30.)

Yale Obituary Record 1933-1934 / Yale University Library (pdf, 285 pp)

Darius O. Mills

Darius Ogden Mills (1825-1910) founded the bank of D.O. Mills & Co. in Sacramento, Calif., and was President and/or Treasurer of the Bank of California from 1864 to 1880. He was appointed a Regent of the University of California from 1875 to 1883. (Regents of the University of California. Biographies.) However, in 1880, he moved to New York, and Isaias W. Hellman was appointed to serve out his term. (Biographies. Regents of the University of California. Univ. of Calif. - Berkeley.) In 1862, he was a Commissioner of the Union Pacific Railroad when it got its big subsidy from the US Congress, along with Thomas W. Olcott [the father of Central Trust trustee Frederick P. Olcott], John S. Kennedy of the Central Trust, Noah L. Wilson, C.P. Huntington and William Butler Ogden. (Public Notices. New York Times, July 14, 1862.) In 1884, he was one of the invited guests at the funeral of Prussian legislator Eduard Lasker. (The Funeral of Dr. Lasker. President White, Mr. Schurz, and Others Pay Tribute to His Memory. New York Times, Jan. 11, 1884.) In 1899, he was a trustee of the Morton Trust Company. (Display Ad 15. New York Times, Oct. 2, 1899 p. 8.) In 1903, he was a trustee of the Metropolitan Trust Company, along with Morris K. Jesup, John E. Parsons, and Norman B. Ream. (Display Ad 19. New York Times, Jan. 5, 1903 p. 11.) Mrs. D.O. Mills gave $5,000 to the Woman's Hospital, predecessor of Memorial Sloan Kettering Cancer Center in New York City. (New Woman's Hospital Is Ready For Patients. New York Times, Dec. 6, 1906.)

Biographies, Regents of the University of California / Univ. of Calif. - Berkeley

Charles A. Peabody

Charles A. Peabody (1849-1931) was a director of the Farmers Loan and Trust from at least 1900 to at least 1929. He was President of the Mutual Life Insurance Company from 1906 until retiring in 1927. After graduating from Columbia University and Columbia Law School, he joined his father's law firm, Peabody, Baker and Peabody. Partner Fisher Ames Baker was counsel to the First National Bank and the uncle of its President, George Fisher Baker. "It was said at the time Mr. Peabody left law for insurance, that the change was, at least in part, due to the influence of the elder Baker in the councils of the Mutual." Peabody was trustee of the estate of the first John Jacob Astor since 1893, and was associated with William Waldorf Astor and represented him in this country. At his death, he was on the boards of directors of City Bank Farmers Trust Company, Mutual Life Insurance Company, Oregon Short Line Railroad, Central of Georgia Railway, Illinois Central Railroad and Union Pacific Railroad, and was a trustee of the Church Pension Fund and member of the board of managers of Delaware & Hudson Company. (C.A. Peabody Dies; Insurance Figure. New York Times, Apr. 27, 1931.) He was also a director of the Guaranty Trust Company from 1911-26, and his granddaughter, Anita Peabody Hadden, married Arthur W. Page Jr, whose brother Walter H. Page became chairman of the Morgan Guaranty Trust.

The Farmers Loan and Trust Company, 1906-1907

Edwin S. Marston, President; Thomas J. Barnett, 2d Vice Pres.; Samuel Sloan, Jr., Secretary; Augustus V. Heely, William B. Cardozo, Cornelius R. Agnew, Asst. Secretaries. Directors: Samuel Sloan, William Waldorf Astor, D.O. Mills, Franklin D. Locke, James F. Horan, George F. Baker, A.G. Agnew, Charles A. Peabody, Hugh D. Auchincloss, James Stillman, Henry A.C. Taylor, D.H. King, Jr., E.R. Holden, William Rowland, Edward R. Bacon, Henry H. Rogers, Archibald D. Russell, Edwin S. Marston, Moses Taylor Pyne, Stephen S. Palmer, Cleveland H. Dodge, Frederick Geller, John L. Riker, Robert C. Boyd, Henry Hentz, H.V.R. Kennedy, P.A. Valentine. (Display Ad 19. New York Times, Dec. 29, 1906 p. 10; Display Ad 55. New York Times, Jan. 6, 1907.)

The Farmers Loan and Trust Company, 1913

Edwin S. Marston, President; Cornelius R. Agnew, William B. Cardozo, and J. Herbert Case, Vice Presidents; Augustus V. Heely, Secretary; Directors: William A. [sic] Astor, Franklin D. Locke, George F. Baker, Percy Chubb, Charles A. Peabody, Thomas Thacher, Hugh D. Auchincloss, James A. Stillman, Edgar Palmer, Henry A.C. Taylor, D.H. King Jr., Edward R. Bacon, Archibald D. Russell, Edwin S. Marston, Moses Taylor Pyne, Cleveland H. Dodge, Henry Hentz, Ogden Mills, John J. Riker, Samuel Sloan, J. William Clark, Percy A. Rockefeller, John W. Sterling, H.R. Taylor, Frank A. Vanderlip, and Augustus V. Heely. In 1913 a clerk, James E. Foye, was arrested for stealing stocks and bonds of the Union Pacific Railroad and the General Electric Company, and selling them in Philadelphia. (Seize Clerk for $500,000 Theft. New York Times, Nov. 26, 1913.)

The Farmers Loan and Trust and George F. Canfield were trustees of the trust estate of $1,831,000 left by Mrs. Margaret T. Schley, wife of Dr. James Montfort Shley. (Fight Schley Accounting. New York Times, Jun. 17, 1915.)

Percy A. Rockefeller, Skull & Bones 1900

Percy Avery Rockefeller (1878-1934) was the son of William Rockefeller, President of Standard Oil Company of New York. He was associated with father in business from 1900 to 1922. (Bulletin of Yale University. Obituary Record of Graduates of Yale University Deceased during the Year 1934-1935, pp. 106-107.)

Yale Obituary Record 1934-1935 / Yale University Library (pdf, 260 pp)

The Farmers Loan and Trust Company, 1916

Directors: Henry A.C. Taylor, Charles A. Peabody, William Waldorf Astor, Ogden Mills, Franklin D. Locke, George F. Baker, Francis M. Bacon Jr., Samuel Sloan (Vice President), John A. Riker, Percy A. Rockefeller, Thomas Thacher, Anton A. Raven, Beekman Winthrop, Henry R. Taylor, Thomas F. Vietor, John W. Sterling, Edwin S. Marston (President), Moses Taylor Pyne, J. William Clark, Cleveland H. Dodge, Henry Hentz, Frank A. Vanderlip, James A. Stillman, Edgar Palmer, Archibald D. Russell. Vice President and Secretary, Augustus V. Heely; Horace F. Howland, William A. Duncan, Robert E. Boyd, and Edwin Gibbs, Assistant Secretaries; Cornelius R. Agnew, William B. Cardozo, and J. Herbert Case, Vice Presidents. (Display Ad. New York Times, Jan. 18, 1916 p. 16.)

James H. Perkins

James H. Perkins was born in Milton, Mass., and graduated from Harvard in 1898. He became an executive of the Walter Baker & Co. chocolate company of Milton, Mass. In 1908 he joined the American Trust Company of Boston. He succeeded Charles H. Sabin as President of the National Commercial Bank of Albany, after Sabin left to join the Guaranty Trust. In 1914, Perkins became a Vice President of the National City Bank. "With America's entance into the World War Mr. Perkins went to France, assuming complete control of this country's European Red Cross organizations. In September, 1918, he became a colonel in the A.E.F. and was assigned to general headquarters at Chaumont as assistant chief of staff of the Second Army, later of the Third Army, or Army of Occupation at Coblenz." (Perkins New Head of National City. New York Times, Feb. 28, 1933.) According to the memoirs of Frank A. Vanderlip, the original idea for the American International Corporation grew out of discussions between Stone & Webster, who were "were convinced there was not much more railroad building to be done in the United States," and Perkins and Vanderlip. Sabin and Perkins' cousin's husband Robert F. Herrick were directors in 1917. (Chapter VIII, 120 Broadway, New York City. Wall Street and the Bolshevik Revolution, by Antony Sutton.)

Ch. VIII, Wall Street and the Bolshevik Revolution / Reformed-Theology

In 1919, he resigned from the National City to become a full partner in Montgomery & Company as Lieut. Col. Theodore Roosevelt withdrew. (Financial Notes. New York Times, Sep. 3, 1919.) Montgomery & Co. financed the Union Oil Co. of Delaware, of which he became a director (To Buy Union Oil Stock. New York Times, Sep. 10, 1919), and the Loew movie interests in Famous Players-Lasky (Players-Lasky to Expand. New York Times, Oct. 16, 1919.) His fellow partners of Montgomery & Co. included J. Taylor Foster, S&B 1908, who later became a director of Benson & Hedges prior to its merger with Philip Morris (Display Ad 215. New York Times, Jan. 2, 1921; Display Ad 124. New York Times, Jun. 1, 1921.)

Perkins was elected President of the Farmers' Loan and Trust in 1921. (James H. Perkins Trust Co. Head. New York Times, Apr. 22, 1921.) In December of that year, he headed a committee of bondholders of the Havana Tobacco Company, which was announced to have defaulted on the interest on its 3% 20-year gold bonds, with the Guaranty Trust as depository. (Protective Committee Formed. New York Times, Dec. 2, 1921); Root, Clark, Buckner & Howland were Counsel. (Display Ad 31. New York Times, Nov. 19, 1923 p. 26.) It was reorganized as the Cuban Tobacco Company, Inc., with Frederick J. Fuller, A.L. Sylvester, and James H. Perkins as Voting Trustees (Display Ad 29. New York Times, Jun. 11, 1927 p. 31.) In 1925, Farmers' Loan and Trust and the Central Union Trust jointly formed the Central Farmers' Trust Company in Palm Beach, Florida, with Perkins as a director and Franklin L. Babcock as President. (To Open Bank In Florida. New York Times, Sep. 4, 1925). In 1920, the Farmers' Loan & Trust was trustee for major stockholders of the American Tobacco Company, Annie A. Arents and G. Arents. During the 1920s, Farmers became a major stockholder in the American Tobacco Company, and James H. Perkins was on American's board of directors between 1926 and 1929. In 1929, Perkins was a member of the advisory committee of Yale's Institute of Human Relations, along with Henry W. Taft (S&B 1880), whose father, Alphonso, was a founder of Skull & Bones and a Cincinnati crony of Perkins' grandfather, James H. Perkins. In 1929, Farmers merged with the National City Bank, of which fellow IHR advisory board member George E. Roberts was a Vice President.

The Perkins Family

In 1917, Perkins was Assistant Commissioner of the American Red Cross for France and Belgium. (The American Relief Clearing House, by Percy Mitchell. Herbert Clark, Paris, 1922.) "During the World War, Mr. Perkins served in France and was given complete charge of this country's European Red Cross organizations. In September of that year he was made a colonel in the A.E.F. and was assigned to general headquarters at Chaumont as assistant chief of staff of the Second Army, later of the Third Army, or the Army of Occupation, at Coblenz."(James H. Perkins, Banker, Is Dead. New York Times, Jul. 13, 1940.)

The American Relief Clearing House / Richard Hacken, Brigham Young University

Perkins was on the board of directors of Lillian Wald's Henry Street Settlement. Fellow IHR advisory committee member William Darrach was also a director, and Charles Evans Hughes and Edwin R.A. Seligman were longtime correspondents of Wald.

Lillian Wald Papers, 1895-1936 / Microformguides.com (pdf, 73pp)

James H. Perkins died of a heart attack after a dinner with Arthur M. Anderson, a partner of J.P. Morgan & Co. At his death, Perkins was chairman of the board of the National City Bank and president of Farmers Loan and Trust. He was also Chairman of the International Banking Corporation, a director of the American and Foreign Insurance Company, Consolidated Gas Company, New York Edison Company, Oregon Short Line Railroad Company, Globe Indemnity Company, Federal Union Insurance Company, Newark Fire Insurance Company, Royal Insurance Company Ltd., Sperry Realty Company, and Star Insurance Company, a member of the executive committee of the Union Pacific Railroad, and a trustee of the Mutual Life Insurance Company of New York, and of Smith College and Sarah Lawrence College. At one time, he was an overseer of Harvard College. (James H. Perkins, Banker, Is Dead. New York Times, Jul. 13, 1940.) James Handasyd Perkins was the son of Edward Cranch Perkins and Jane Sedgwick Watson. His first wife was Alice Mandell Stone. (James Handasyd Perkins - Alice Mandell Stone. Sedgwick.org.) His brother, Thomas Nelson Perkins, was a Fellow of the Harvard Corporation from 1905 to 1924, except for a break to serve on the Reparations Committee in Europe; and a member of the Harvard Corporation again in 1936. His brother, John Forbes Perkins, married Mary Coolidge, daughter of John Templeton Coolidge Jr., while he later married her sister, Katrine Parkman Coolidge. (Society at Home and Abroad. New York Times, Oct. 28, 1906.)

James Handasyd PERKINS / Katharine Parkman COOLIDGE / Sedgwick.org

His son, Richard S. Perkins, and son-in-law, Albert L. Nickerson [Jr.], were also on the board of directors of the Farmers Loan and Trust, and his daughter, Mrs. Franklin E. Parker Jr., was on the advisory committee of the Women's Banking and Trust department.

The Farmers Loan and Trust Company, 1922

Directors in 1922: James H. Perkins, Edwin S. Marston, Charles A. Peabody, Franklin D. Locke, Lewis Iselin, John G. Agar, Percy R. Pyne, Samuel Sloan, John J. Riker, Henry R. Taylor, Francis M. Bacon Jr., Robert L. Gerry, Parker D. Handy, Augustus V. Heely, Ogden Mills, Beekman Winthrop, Eustis Paine, Frederick Osborn. (A Century of Banking in New York, 1822-1922. By Henry Wysham Lanier. The Gilliss Press, 1922.) Joseph P. Cotton and Lewis L. Delafield were elected members of the board; S. Sloan Colt was elected a vice president. (Union National Dividend. New York Times, Dec. 22, 1922.) The Farmers' Loan and Trust Company was trustee for the William Waldorf Astor Estate, and sold the W.W. Astor property on the southwest corner of Eighth Avenue and Forty Fifth Street. "An interesting feature of the sale of this property was contained in the Title Company report showing that the last transfer was on Oct. 31, 1828, when John Jacob Astor secured the property from his father, who had held it for many years before." ($1,000,000 Building for Lexington Avenue. New York Times, Mar. 16, 1922.)

The Farmers Loan and Trust Company, 1925

The Farmers Loan and Trust Company established a Women's Banking and Trust department, with Anne H. Houghton as manager. "For many years Miss Houghton was associated with W.B.H. Dowse of Boston, President of Reed & Barton, silversmiths, and a widely known lawyer in New England. She also held a responsible position with the United States Fastener Company of Boston, besides opening, organizing and developing the compound interest department of the National American Bank at 8 West Fortieth Street. Her training likewise included a course in banking at Columbia University." Members of her advisory committee were Mrs. Samuel Sloan, Chairman; Mrs. Cornelius Agnew, Mrs. Franklin E. Parker Jr., Mrs. Robert W. Carle, Mrs. Otto H. Kahn, Mrs. Frederick P. Delafield, Mrs. E.C. Wagner, Mrs. Roland Redmond, Mrs. Cornelius Tiers and Mrs. C.M. Woolley. (Woman Executive Named By A Bank. New York Times, Sep. 16, 1925.)

The Farmers Loan and Trust Company, 1929

Board of Directors: John G. Agar, Francis M. Bacon, Gilbert G. Browne, Joseph P. Cotton, Edward P. Currier, Lewis L. Delafield, Charles D. Dickey, Donald Durant, Robert L. Gerry, Parker D. Handy, E. Roland N. Harriman [S&B 1917], Augustus V. Heely, David F. Houston, Irving H. Meehan, Ogden Mills, Frederick Osborn, Charles A. Peabody, James H. Perkins, Percy R. Pyne 2d, Samuel Sloan, and Paul M. Warburg. (Display Ad 172. New York Times, Jan. 3, 1929 p. 48.)

City Bank Farmers Trust Company, 1930

City Bank Farmers Trust Company formed the City Farmers Fund, "C," Inc. "Under the present plan estates have to be administered as separate entities after death, the trust reverting to the estate. Under the extended plan it is said that the mingling of funds for investment will [be] permissible after death while thereby continuing the same type of supervision that is possible under the uniform trust." Officers were James H. Perkins, president, Lindsay Bradford, vice president; and George S. Moore, secretary and treasurer. Directors were James H. Perkins, Samuel Sloan, William B. Cardozo, Lindsay Bradford, Donald Durant, Gilbert Brown, Donald Byrnes, and Walter Reid Wolf. (City Bank Trust Widens Its Service. New York Times, Mar. 13, 1930.) Nicholas Frederic Brady (1878-1930), son the financier of the American Tobacco Company, was a director of the City Bank Farmers Trust at his death in May 1930.

In 1931, Reginald B. Taylor and Charles D. Lanier were elected to the board. (Many Banks Change Directing Boards. New York Times, Jan. 14, 1931.)

City Bank Farmers Trust Company, 1945

Directors: Gordon S. Rentschler, Chairman of the Board; Lindsay Bradford, President. Directors: Gilbert G. Browne, 22 William Street; W. Randolph Burgess, Vice-Chairman, National City Bank of New York; J. Herbert Case, 22 William Street; Edward C. Delafield, Delafield & Delafield; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee [Skull & Bones 1917], Spence, Hotchkiss, Parker & Duryee; A.P. Giannini, Chairman of the Board, Bank of America National Trust and Savings Association; Douglas Gibbons, Douglas Gibbons & Co., Inc.; Robert L. Hoguet, Chairman of the Board, Emigrant Industrial Savings Bank; Charles D. Lanier, 22 William Street; George W. Perkins, Vice President, Merck & Co., Inc.; Henry C. Taylor, Taylor, Clapp & Beall; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, American Water Works and Electric Company, Inc.; Walter Reid Wolf, Senior Vice President; Boykin C. Wright, Wright, Gordon, Zachry, Parlin & Cahill. (Display Ad 104. New York Times, Jan. 3, 1945 p. 23.)

Edward C. Delafield

Edward C. Delafield was the Treasurer and/or a trustee of Memorial Hospital for the Treatment of Cancer and Allied Diseases or the Sloan-Kettering Institute from at least 1946 to 1968. (Letter from C.P. Rhoads, M.D., to Mr. A. Grant Clark, Director, Medical Relations Division, Camel Cigarettes, May 15, 1946.) Mrs. Edward C. Delafield was chairman of the women's division of the Memorial Cancer Center Fund. (First Poster Out for Cancer Drive. New York Times, Dec. 2, 1945; $4,000,000 Cancer Center Drive Opens Here at Dinner for 1,000. New York Times, Dec. 5, 1945.) Clelia Benjamin Delafield was the founding president of the Society of Memorial Sloan-Kettering Cancer Center. She became a member of the center's board in 1946 and remained a member of the Board of Overseers Emeriti at her death. Edward C. Delafield, her husband of 49 years, died in 1976. (Clelia B. Delafield, Philanthropist, 92. New York Times, Oct. 19, 1995.)

Rhoads to Clarke, May 15, 1946 / tobacco document
Clelia B. Delafield, Oct. 19, 1995 / New York Times

Samuel Sloan Duryee, Skull & Bones 1917

Samuel Sloan Duryee was counsel to the law firm of Parker, Duryee, Zunino, Malone & Carter since founding its predecessor in 1926. He was a trustee of the Hospital for the Ruptured and Crippled, and a governor of the New York Hospital. He served in the 302nd Artillery during World War I, and in World War II was special assistant to Under Secretary of War Robert P. Patterson. (Samuel S. Duryee, 86, a Lawyer; Active in New York Philanthropy. New York Times, Apr. 28, 1979.) He was an usher at the wedding of Morris Hadley, S&B 1916, who was a major in his artillery unit. Other ushers were Seth Low and Alan Campbell (S&B 1919) of New York, William Gammell Jr., T. Jefferson Coolidge, Harcourt Amory Jr., Ralph Bradley, Lincoln Baylies, Philip H. English, John W. Blodgett Jr., Kinley J. Tener (S&B 1916), Farwell Knapp (S&B 1916), Louis C. Zahner, and Bennett Sanderson. Mrs. Samuel Sloan Colt was matron of honor. (Miss Blodgett Wed to Morris Hadley. New York Times, Jul. 13, 1919.) His daughter, Nina Duryee, was with the Navy Intelligence Service during World War II. She married Dr. Harrison Frederick Wood, an assistant physician at the Hospital of the Rockefeller Institute for Medical Research, formerly with the U.S. Public Health Service. (Nina Duryee Married to Dr. Harrison Wood. New York Times, Aug. 3, 1952.)

George W. Perkins (Jr.)

George W. Perkins was the son of J.P. Morgan partner George W. Perkins. He graduated from Princeton in 1917. His first wife, Katharine, was the daughter of Princeton professor August Trowbridge. Her bridal attendants included President Cleveland's daughter, Marion, and Dorothy Dulles. He was a member of the International Committee of the Y.M.C.A. (Geo. W. Perkins, Jr., Takes Jersey Bride. New York Times, Jun. 20, 1917.) She died in 1918, and he married Linn Merck, the daughter of George Merck. (George W. Perkins Jr. Weds Miss Merck. New York Times, Dec. 18, 1921.)

His brother-in-law, George Wilhelm Merck, was the chairman of Merck Sharp & Dohme, Inc. He was a member of the executive committee of the American Cancer Society and a director of the Colgate-Palmolive Company. The Merck chemical dynasty was founded in Darmstadt, Germany in 1668 by Friedrich Jacob Merck. (George W. Mercke Dies At Age of 63. New York Times, Nov. 10, 1957.)

His daughter, Anne Perkins, married Francis Higginson Cabot Jr. of Virginia, Harvard '49, a grandson of Francis H. Cabot of New York. (Anne Perkins Wed to F.H. Cabot Jr. New York Times, Jun. 26, 1949.) "Francis Higginson Cabot, Jr. (13 February 1895, Staten Island - 4 February 1956) was the son of Francis Higginson Cabot of Massachusetts's famous Cabot family. He was educated at Gorton School and graduated from Harvard in 1917 with an AB. When he left Harvard, he entered the Officers' Material School in Cambridge, Massachusetts. He was promoted Chief Quartermaster in July 1917; commissioned ensign in September, and sent to the U.S.S. Connecticut. He became a temporary lieutenant in the United States Navy, and resigned on 13 December 1918. On his return to America, Cabot became a clerk and assistant secretary with the American International Corporation. In 1923, he became one of the Vice Presidents at Stone & Webster, Inc. He continued with Stone & Webster until 1935. The previous year he became President of the General Public Service Corporation. He was the corporation's Chairman of the Board, from 1935 to 1942; and Director General, in 1943. Cabot began supporting the war industries in January 1941, when he joined the Office of Production Management and the Office of War Production. He continued in this capacity, until September 1943. Earlier that year, he became director of the Commodities Bureau. He briefly served as assistant deputy director general for the Industry Division." (Wikipedia, accessed 06-10-07.)

His grandson, Francis Colin Cabot, married Marie House Kohler, a niece of former Wisconsin Governer Walter Jodok Kohler, Jr., who escorted her down the aisle. (Marie House Kohler Is Bride in Wisconsin. New York Times, Jun. 30, 1974.) Kohler was the Chairman of the American Cancer Society in the 1950s.

City Bank Farmers Trust Company, 1947-50

Directors: Gordon S. Rentschler, Chairman of the Board; Lindsay Bradford, President. Directors: Gilbert G. Browne, 22 William Street; W. Randolph Burgess, Vice-Chairman, National City Bank of New York; J. Herbert Case, 22 William Street; Edward C. Delafield, Delafield & Delafield; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee [Skull & Bones 1917], Spence, Hotchkiss, Parker & Duryee; A.P. Giannini, Founder-Chairman, Bank of America National Trust and Savings Association; Douglas Gibbons, Douglas Gibbons & Co., Inc.; Robert L. Hoguet, Amend & Amend; Charles C. Parlin, Shearman, Sterling & Wright; George W. Perkins, Vice President, Merck & Co., Inc.; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, American Water Works and Electric Company, Inc.; Robert Winthrop, Robert Winthrop & Co.; Walter Reid Wolf, Senior Vice President; Boykin C. Wright, Shearman, Sterling & Wright. (Display Ad 39. New York Times, Apr. 3, 1947 p. 39.) In 1948, Rentschler left and Burgess became Chairman, and William Gage Brady Jr., Chairman of the Board of the National City Bank, and Richard S. Perkins of Harris, Upham & Co. became directors. (Display Ad 29. New York Times, Apr. 5, 1948 p. 31.) In 1949, Gibbons and G.W. Perkins left. Display Ad 49. New York Times, Oct. 5, 1949 p. 47.) In 1950, L.M. Giannini, President Bank of America National Trust and Savings Association replaced A.P. Giannini. (Display Ad 280. New York Times, Jan. 4, 1950 p. 84.)

Richard S. Perkins

Richard Sturgis Perkins was the son of James Handasyd Perkins. He was born in Milton, Mass. in 1910. (Perkins, Richard S. New York Times, Apr. 13, 2003.) He was a trustee of the Carnegie Institution of Washington from 1959 to 2000. (The President's Report 2004-2005. Carnegie Institution of Washington, p. 4.) He was with Thompson Fenn & Co., Hartford, 1929-32; with Wood, Struthers & Co., N.Y.C., 1932-34; with Smith, Barney, Harris, Upham & Co., 1934-36; and a partner, Smith, Barney, Harris, Upham & Co., 1936-51. (Richard Sturgis Perkins. Marquis Who's Who, 2006.) His first wife was Adaline Havemeyer, the daughter of Horace Havemeyer. (Miss Adaline Havemeyer Becomes Bride of R.S. Perkins in Heavenly Rest Church. New York Times, May 8, 1935.) In 1950, he was elected to the board of trustees of Roosevelt Hospital. He was also a director of the Columbia Insurance Company of New York, Imperial Assurance Company of New York, Phoenix Indemnity Company, and the Ritz-Carlton Hotel. (Joins Board of Trustees of the Roosevelt Hospital. New York Times, May 3, 1950.) In 1951, he was elected a trustee of the New York Life Insurance Company. (Trust Company Executive Named to N.Y. Life Board. New York Times, Oct. 18, 1951.) In 1952, he was elected to the boards of the Royal Insurance Company Ltd., the British and Foreign Marine Insurance Company, Ltd., the Thames and Mersey Marine Insurance Company, Ltd., the Royal Indemnity Company, Globe Indemnity Company, Queen Insurance Company of America, Newark Insurance Company, Star Insurance Company of America, American and Foreign Insurance Company and Virginia Fire and Marine Insurance Company, all members of the Royal-Liverpool Insurance Group. His father had been a director of them from 1922 to 1940. (Joins Insurance Boards of Royal-Liverpool Group. New York Times, Oct. 21, 1952.) He replaced W. Randolph Burgess as a director of International Telephone and Telegraph, who resigned to become a special deputy of the Secretary of the Treasury. Perkins was also a director of the Hotel Astor, Inc., the Carlton House, Prudential Insurance Company of Great Britain, and Hudson Insurance Company. (City Bank Farmers Head Added to I.T. & T. Board. New York Times, Jan. 21, 1953.) In 1956, he was elected a director of the Phelps-Dodge Corporation. (Banker Made Director of Phelps-Dodge Corp. New York Times, Sep. 6, 1956.) In 1958, he was elected a director of Allied Chemical Corporation. (Allied Chemical Elects Banker as a Director. New York Times, Jul. 30, 1958.) After the City Bank Farmers Trust was absorbed, he became vice chairman of the National City Bank, as well as president, chairman, and chief executive officer of the First National City Trust Co., and was an honorary director of Hospital Corporation of America (HCA). (Richard Sturgis Perkins. Marquis Who's Who, 2006.)

Perkins, Richard S. / New York Times
The President's Report 2004-2005 / Carnegie Institution of Washington (pdf, 14 pp)

Richard S. Perkins Jr. graduated from Yale in 1958. (Mildred Baxter, R.S. Perkins Will Be Married. New York Times, Jun. 26, 1961.) He founded and operated two publishing companies from 1972 to 1984; then, he was a Vice President of Drexel, Burnham and Lambert and L.F. Rothschild until 1988. He founded SalTec International and has been a director of it since 1996. (About Us. SalTec International.)

About Us / SalTec International

City Bank Farmers Trust Company, 1951-52

Directors: W. Randolph Burgess, Chairman of the Board; Lindsay Bradford, President. William Gage Brady Jr., Chairman of the Board of the National City Bank; Gilbert G. Browne, 22 William Street; J. Herbert Case, 22 William Street; William Rogers Coe, Vice-President and Treasurer, The Virginia Railway Company; Edward C. Delafield, Delafield & Delafield; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Spence, Hotchkiss, Parker & Duryee; L.M. Giannini, President Bank of America National Trust and Savings Association; Robert L. Hoguet, Amend & Amend; Charles C. Parlin, Shearman, Sterling & Wright; Richard S. Perkins, Harris, Upham & Co.; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, The West Penn Electric Company; Robert Winthrop, Robert Winthrop & Co.; Walter Reid Wolf, Senior Vice President. (Display Ad 330. New York Times, Jan. 3, 1951 p. 89.) In 1952, Perkins became President of the Board of Directors. (Display Ad 39. New York Times, Jul. 3, 1952 p. 33.)

City Bank Farmers Trust Company, 1953

Directors: Howard C. Sheperd, Chairman of the Board; Lindsay Bradford, Vice Chairman; Richard S. Perkins, President. Gilbert G. Browne, 22 William Street; William Rogers Coe, Vice-President and Treasurer, The Virginia Railway Company; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Spence, Hotchkiss, Parker & Duryee; Albert L. Nickerson, Vice-President, Socony-Vacuum Oil Company, Inc.; Charles C. Parlin, Shearman, Sterling & Wright; James S. Rockefeller, President, The National City Bank of New York; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, The West Penn Electric Company; Robert Winthrop, Robert Winthrop & Co.; Walter Reid Wolf, Senior Vice President. (Display Ad 36. New York Times, Jan. 6, 1953 p. 35.)

Albert L. Nickerson [Jr.]

Albert L. Nickerson Jr. was the son-in-law of James H. Perkins; he married Perkins' daughter Elizabeth. He was with the Standard Oil Company of New York. (Elizabeth Perkins, Sarah Lawrence Senior, Betrothed to Albert Lindsay Nickerson. New York Times, Nov. 1, 1935; Elizabeth Perkins Married At Home. New York Times, Jun. 14, 1936.) Nickerson was elected to the board of the Metropolitan Life Insurance Company in 1965. Departing directors included Jeremiah Milbank of Milbank & Co., a director since 1927, Harry C. Hagerty, and Robert W. Woodruff, chairman of Coca-Cola. (Five Directors Are Named to the Board of Metropolitan Life Insurance. New York Times, Apr. 16, 1965.)

City Bank Farmers Trust Company, 1954

Directors: Howard C. Sheperd, Chairman of the Board; Lindsay Bradford, Vice Chairman; Richard S. Perkins, President. Gilbert G. Browne, 22 William Street; William Rogers Coe, Vice-President and Treasurer, The Virginia Railway Company; Freeman J. Daniels, Perkins, Daniels & Perkins; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Parker, Duryee, Benjamin, Zunino & Malone; Albert L. Nickerson, Vice-President, Socony-Vacuum Oil Company, Inc.; Charles C. Parlin, Shearman, Sterling & Wright; James S. Rockefeller, President, The National City Bank of New York; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, The West Penn Electric Company; Robert Winthrop, Robert Winthrop & Co.; Walter Reid Wolf, Senior Vice President. (Display Ad 38. New York Times, Jan. 5, 1954 p. 35.

City Bank Farmers Trust Company, 1955-58

Directors: Howard C. Sheperd, Chairman of the Board; Lindsay Bradford, Vice Chairman; Richard S. Perkins, President. Gilbert G. Browne, 22 William Street; William Rogers Coe, Vice-President and Treasurer, The Virginia Railway Company; Freeman J. Daniels, Perkins, Daniels & Perkins; Hunt T. Dickinson, 405 Lexington Avenue; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Parker, Duryee, Benjamin, Zunino & Malone; Frederick M. Eaton, Shearman & Sterling & Wright; Albert L. Nickerson, Vice-President, Socony-Vacuum Oil Company, Inc.; James S. Rockefeller, President, The National City Bank of New York; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, President, The West Penn Electric Company; Robert Winthrop, Robert Winthrop & Co. (Display Ad 33. New York Times, Jan. 4, 1955 p. 31.) In 1956, George F. Baker Jr., Trustee George F. Baker Trust, joined the board. (Display Ad 136. New York Times, Jan. 4, 1956 p. 33.) In 1957, Eben W. Pyne, Executive Vice President, joined the board. Joseph E. Morris and Alexander W. McGhee were also executive vice presidents, and Bascom N. Torrance was Vice President and Chairman, Trust Investment Committee. (Display Ad 212. New York Times, Jan. 3, 1957 p. 82.) In 1958, William F. Oliver, President, The American Sugar Refining Company, joined the board. (Display Ad 36. New York Times, Jan. 3, 1958 p. 33.) In 1959, J. Ed. Warren, Chairman of the Executive Committee, Cities Service Company, joined the board. (Display Ad 48. New York Times, Jan. 6, 1959 p. 45.)

First National City Trust Company, 1960

Directors: George F. Baker Jr., Trustee George F. Baker Trust; Gilbert G. Browne, 22 William Street; William Rogers Coe, Trustee, The Coe Foundation; Freeman J. Daniels, Perkins, Daniels, McCormack & Collins; Hunt T. Dickinson, 405 Lexington Avenue; Cleveland E. Dodge, Vice-President, Phelps-Dodge Corporation; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Parker, Duryee, Benjamin, Zunino & Malone; Frederick M. Eaton, Shearman & Sterling & Wright; George S. Moore, President The First National City Bank of New York; Albert L. Nickerson, President, Socony-Vacuum Oil Company, Inc.; William F. Oliver, President, The American Sugar Refining Company; Richard S. Perkins, Chairman of the Board; Eben W. Pyne, President; James S. Rockefeller, Chairman of the Board, The National City Bank of New York; Henry C. Taylor, Taylor, Pinkham & Co., Inc.; Reginald B. Taylor, Williamsville, N.Y.; Earle S. Thompson, Chairman of the Board, The West Penn Electric Company; J. Ed. Warren, President, Cities Service Company; Robert Winthrop, Robert Winthrop & Co. (Display Ad 41. New York Times, Jan. 5, 1960 p. 41.) In 1961, they became the Trust Advisory Board of The First National City Bank.

Trust Advisory Board of the First National City Bank, 1961

George F. Baker Jr., Trustee George F. Baker Trust; William Rogers Coe, Trustee, The Coe Foundation; Freeman J. Daniels, Perkins, Daniels, McCormack & Collins; Hunt T. Dickinson, 405 Lexington Avenue; Robert W. Dowling, President, City Investment Company; Samuel Sloan Duryee, Parker, Duryee, Benjamin, Zunino & Malone; Frederick M. Eaton, Shearman & Sterling & Wright; George S. Moore, President; Albert L. Nickerson, President, Socony Mobil Oil Company, Inc.; William F. Oliver, President, The American Sugar Refining Company; Richard S. Perkins, Chairman of the Executive Committee; Eben W. Pyne, Senior Vice President; James S. Rockefeller, Chairman. (Display Ad 40. New York Times, Jan. 5, 1961 p. 41.)

The National City Bank

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cast 05-03-08