Father & Son

In 1799 a shrewd financier who wore a mulberry waistcoat bought on issue some shares in the Bank of The Manhattan Company, then being organized. Almost a hundred years later, in 1893, the mustachioed directors made his grandson, Stephen Baker, president of the Bank of The Manhattan Company. In the same year a son, John Stewart Baker, was born to Stephen Baker. Last week, the directors of the Bank of The Manhattan Company met again. This time they elected John Stewart Baker president to succeed his father. For Stephen Baker they created the office of chairman of their board.