6 JANUARY 1939, Page 40

AMERICAN BANKING CENTENARY Congratulations are due to the Guaranty Trust

Company of New York, the leading American banking house, which celebrated its hundredth birthday on January 1st. The Articles of the Bank of Commerce, which was later merged into the Guaranty Trust Company, were signed on January zst, 1839, and the bank opened to receive deposits in April of that year. The bank has played a leading part in fostering oversea trade ; it opened its first London office in 1897 and was a handsome subscriber to the Liberty Loans issued during the War.

Capital funds now amount to $272,000,000. J. D. M.