New York Trust Company

[1] On April 3, 1889, the New York Security and Trust Company received its certificate of authorization and was formed with Charles S. Fairchild as the first president and "original capital" of $1,000,000.

[2] Fairchild, a former attorney general of New York under Governors Samuel J. Tilden and Lucius Robinson, was serving as the 38th United States Secretary of the Treasury under President Grover Cleveland immediately before the company's formation.

[11] Liberty, which had recently absorbed the Scandinavian Trust Company,[12] and was based out of the Equitable Building, had been formed in 1891.

Past presidents of Liberty included such prominent bankers as Henry P. Davison, Thomas Cochran, and Seward Prosser.

Justice Oliver Wendell Holmes Jr. delivered the opinion of the court on May 16, 1921, where the judgment was affirmed with costs.

"[25] After the deal ended, Stewart resigned and shortly afterward and became a general partner of the investment bank Lazard Frères & Company.

New York Trust's president, Hulbert S. Aldrich,[27] became vice chairman of the board along with Gilbert H. Perkins, who held the post at Chemical Corn.