Returning to Farmers', Colt was a vice president from 1925 until 1929, when the company merged into the National City Bank (today known as Citibank).

[11] In 1954, Colt was appointed as a member of President Dwight Eisenhower's Advisory Committee on the National Highway Program.

[12] Colt served as chairman of Eurofund Inc., from 1959 to 1968 and was a longtime trustee of the Mutual Life Insurance Company of New York (today known as Axa).

[1] Colt served as national chairman of the War Fund Program in 1941 and 1942 and was a director and treasurer of its New York chapter from 1945 to 1958.

The professorship was first appointed in 1958 to Roger F. Murray, who was associate dean of the Columbia Business School and a crucial figure in the history of value investing.

[15][16] The professorship was also held by Roy Blough, who in addition to teaching at Columbia University was also an economist in the Roosevelt and Truman administrations.

[17] The professorship is currently[update] held by Lawrence Glosten, who is also the chair of the finance and economics division at Columbia Business School.

[18] From 1951 to 1961, he was treasurer of Recordings for the Blind and from 1939 to 1958, he was a governor and a member of the executive committee of the Federal Hall Memorial Association.

[19][20] Before his death in 1907, Smith had been married to Annie Armstrong (née Stewart), the mother of Princess Anita de Braganza.