BANKING: The Generous Lender

Banker William Rose of Ellenville, N.Y., third-generation president of Ellenville's Home National Bank (capital: $807,000), seemed the very model of a progressive small-town banker. A frugal, prosperous bachelor of 50 who daily carried his lunch —a cold fried-egg sandwich and a Thermos of iced tea—to the bank in a wicker bas ket, he was a tireless dabbler in civil affairs. He led the movement for the summertime Empire State Music Festival that attracted thousands of culture seekers and dollars to Ellenville, was a district president in 1953 of the State Bankers Association, head usher of the Methodist Church. In...

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