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FEDERAL RESERVE BANK OF NEW YORK s f Circular No. 88 S ~1 L November 12, 1928 J Nominations for Directors To the Member Banks in District No. 2: In accordance with the provisions of Section 4 of the Federal Reserve Act and my Circular No. 880 dated October 18, 1928, in regard to election of directors of this bank to succeed JACKSON E. REYNOLDS, Class A director, and WILLIAM H. WOODIN, Class B director, whose terms expire December 31, 1928, there are given on the following pages the names of the candidates nominated for such directors, indicating by whom nominated. There is sent herewith to each bank in Group 1 a preferential ballot for use in voting on the candidates for Class A director and Class B director. There is also enclosed an envelope bearing on its face the certificate in regard to the vote; also a red colored envelope marked "Ballot", in which the ballot is to be sealed. The ballot and certificate on the envelope must be executed by the officer who has been authorized to cast the vote. A list of the designated officers was attached to my circular above mentioned. In order that the ballot may be secret, the name of the bank and of the voting officer should not be written on the ballot, but only on the certificate envelope. (1) After the preferential ballot has been marked, (2) It should be placed in the colored envelope marked "Ballot" and the envelope sealed. (3) Then after the certificate on the certificate envelope is executed the colored sealed envelope should be placed within and the certificate envelope sealed. (4) Then this certificate envelope containing the sealed ballot envelope should be returned to me in the enclosed self-addressed envelope. Under the law, the ballot must be returned so as to reach me within 15 days after its receipt. The polls will open on November 15 and close at noon on December 1, 1928. At that time the ballot box will be opened in the Board Room of this bank, the sealed envelopes containing the ballots will be opened, the votes counted and results of the election announced. Any of the candidates is invited to be present or represented on this occasion. While the banks in Groups 2 and 3 will not vote in this election, this circular is sent to them without forms for their information. Respectfully, GATES W. MCGARRAH, Chairman of the Board. Nominee for Class A Director CHARLES E. MITCHELL, OF NEW YORK, N. Y. President, The National City Bank of New York CHARLES E. MITCHELL was born in Chelsea, Massachusetts, in 1877 and was graduated from Amherst College in 1899. He began his business career in Chicago with the Western Electric Company, and rose in that company to the position of assistant to the president. From 1906 to 1911 he was assistant to the president of the Trust Company of America in New York. He resigned from that post to study foreign finance in Europe, and upon his return organized C. E. Mitchell & Company, an investment banking corporation of his own, of which he was the head until 1916. Since then he has been president of the National City Company and since 1921 president and director of the National City Bank of New York and its affiliated corporations. MR. MITCHELL is also a director of the American & Foreign Power Company, Corporation Trust Company, Corporation Trust Company of New Jersey, Discount Corporation of New York, International Telephone & Telegraph Corporation, Remington Arms Company, Inc., and the United States Realty & Improvement Company. Nominated by the following member banks in Group 1 CONNECTICUT Place Bridgeport Bank or Trust Company City National Bank & Trust Company of Bridgeport NEW JERSEY Jersey City Newark Passaic Commercial Trust Company of New Jersey Merchants and Newark Trust Company of Newark, N. J. National Newark & Essex Banking Company of Newark Passaic National Bank & Trust Company NEW YORK Albany Brooklyn Buffalo New York Rochester Syracuse National Commercial Bank & Trust Company of Albany New York State National Bank of Albany First National Bank of Brooklyn Mechanics Bank Manufacturers & Traders Peoples Trust Company American Exchange Irving Trust Company American Trust Company Bank of United States Bankers Trust Company Central National Bank of the City of New York Chase National Bank of the City of New York Chemical National Bank of New York Corn Exchange Bank Equitable Trust Company of New York Fifth Avenue Bank of New York Garfield National Bank of the City of New York Grace National Bank of New York Guaranty Trust Company of New York International Acceptance Trust Company National Bank of Commerce in New York National City Bank of New York National Park Bank of New York New York Trust Company Seaboard National Bank of the City of New York Times Square Trust Company United States Mortgage & Trust Company Lincoln-Alliance Bank First Trust & Deposit Company Nominee for Glass B Director WILLIAM H. WOODIN, OF NEW YORK, N. Y. " President, American Car & Foundry Company, New York WILLIAM H. WOODIN was born in Berwick, Pennsylvania, in 1868. He attended Columbia University, School of Mines, and entered into business with the Jackson & Woodin Manufacturing Company. Since 1899 he has been associated with American Car & Foundry Company, of which he is now president. MR. WOODIN is chairman of the board of American Locomotive Company, and is a member of the board of directors of American Car & Foundry Company, American Car & Foundry Export Company, American Car & Foundry Motors Company, American Car & Foundry Securities Company, American Locomotive Company, American Ship & Commerce Corporation, Atlantic Mail Corporation, The Brill Corporation, Compania Cubana, Consolidated Railroads of Cuba, Cuba Railroad Company, J. G. Brill Company, Montreal Locomotive Works, Remington Arms Company, American Surety Company, Superheater Company, and the Richmond Locomotive Works. Director of the Federal Reserve Bank of New York since April 1, 1927. Nominated by the following member banks in Group 1 CONNECTICUT Place Bridgeport Bank or Trust Company City National Bank & Trust Company of Bridgeport NEW JEESEY Jersey City Newark Passaic Commercial Trust Company of New Jersey Merchants and Newark Trust Company of Newark, N. J. National Newark & Essex Banking Company of Newark Passaic National Bank & Trust Company NEW YORK Albany Brooklyn Buffalo New York Rochester Syracuse National Commercial Bank & Trust Company of Albany New York State National Bank of Albany First National Bank of Brooklyn Mechanics Bank Manufacturers & Traders Peoples Trust Company American Exchange Irving Trust Company American Trust Company Bank of United States Bankers Trust Company Central National Bank of the City of New York Chase National Bank of the City of New York Chemical National Bank of New York Corn Exchange Bank Equitable Trust Company of New York Fifth Avenue Bank of New York Garfleld National Bank of the City of New York Grace National Bank of New York Guaranty Trust Company of New York International Acceptance Trust Company National Bank of Commerce in New York National City Bank of New York National Park Bank of New York New York Trust Company Seaboard National Bank of the City of New York Times Square Trust Company United States Mortgage & Trust Company Lincoln-Alliance Bank First Trust & Deposit Company FEDERAL RESERVE BANK OF NEW YORK Preferential Ballot November 12, 1928. Group No. 1 This ballot and the certificate on the envelope must be executed by the officer who has been authorized to cast the vote and whose appointment and signature have been certified to me. This ballot must be returned so as to reach me within fifteen days after its receipt. The polls will open on November 15 and close at noon on December 1, 1928. Failure to observe instructions will invalidate this ballot. GATES W. MCGARRAH, Chairman of the Board. VOTE FOR CLASS A DIRECTOR (Indicate choice by X below) CANDIDATE CHARLES E. MITCHELL, New York, N. Y. President of The National City Bank of New York. VOTE FOR CLASS B DIRECTOR (Indicate choice by X below) CANDIDATE WILLIAM H. WOODIN, New York, N. Y. President, American Car & Foundry Company, New York. Note—After execution, please place this ballot in colored envelope, then seal and place the sealed colored envelope in envelope bearing certificate, seal same and return it in self-addressed envelope. MR. GATES W. MCGARRAH, Chairman, Board of Directors, Federal Reserve Bank of New York New York, N. Y. BALLOT DIRECTOR'S ELECTION This Envelope Should Contain Only Ballot in Sealed Colored Envelope It Will Not Be Opened Until Polls Close November , 1928. Croup No. 1 To MR. GATES W. MCGARRAH, Chairman of the Board, Federal Reserve Bank of New York. In accordance with Section 4 of the Federal Reserve Act, I hereby certify that my choices for a Class A director and a Class B director of the Federal Reserve Bank of New York are as indicated thus (X) in the columns of the ballot sealed herein. For (Name of Bank) (Location of Bank) Signature of officer designated to vote Title of Voting Officer
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