Only in Manhattan can the presidents of two multi-million dollar banks maintain practical anonymity. The two men in point are President Stephen Baker of the Bank of the Manhattan Co. (deposits: $281,483,902), and President Chellis A. Austin of the Seaboard National Bank (deposits: $175,056,084). The two men have been discussing the possible merger of their institutions, but so cautiously that some of their vice presidents and directors did not know what was going on.
As it was, in order to correct wild rumors, President Baker last week said: "While it is true that discussions...
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