OCR Text |
Show MERGEROFMILLIQNS THREE GREAT FINANCIAL POWERS POW-ERS FORM COMblNATION WITH CAPITAL OF $150,000,000. Morgan, Ryan and Morton Will Unite Three Great Trust Companies, Making Largest Merger of Its Kind In Country. New York. J. P. Morgan, Thomas Ryan and Levi P. Morton, linked hando In New York on Monday In a trust company merger which unites resources of $150,000,000. It is a trlplo combination, bringing tho Guaranty Trust company, tho Morton Mor-ton Trust company, and the Fifth Avenue Trust company, all of this city, under one head with tho title of the Guaranty Trust company. Tho merger Is perhaps tho largest of its kind In tho United States. Directors of all three companies met on Monday Mon-day and Informally npproved the terms of tho merger. Levi P. Morton, president of the Morton Trust company and of tho Fifth Avenue Trust company both known as Morton-Ryan concerns has consented to act as chairman of tho board of tho merger companies. |