Business & Finance: City Trust

Stephen Girard, Philadelphia's late great 19th-Century shipping merchant, financier and philanthropist, bequeathed so much valuable property to the city he loved that a special board was created to administer it. Set up in 1869, Board of City Trusts went about its business so quietly most Philadelphians hardly knew it existed until rambunctious Mayor Samuel Davis Wilson, who likes to poke his nose into odd places, started talking about it when he took office early last year. By last week the affairs of the ancient & honorable board were making a resounding racket in...

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