Business: Mr. Baker's Bank

The First National Bank of New York City was founded in 1863 with capital stock of a par value of $200,000. This capital has been gradually increased to 100,000 shares of $100 par value, or $10,000,000 altogether.

But those figures do not begin to tell the remarkable story of the bank's progress and growth under Mr. George F. Baker's long and skilful guidance. The First National is one of the largest financial institutions in the country, and also one of the most thoroughly undercapitalized. Its dividends have long climbed nearer and nearer to par value of its shares. Now, by declaring a...

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