As Peierls, Buhler & Co. sold out to Commercial Investment Trust Corp. last week (see p. 44), Peierls, Buhler's President Herbert P. Howell resigned. A greater opportunity, toward which he had assiduously worked, waited for him. Nonetheless he retained contact with the textile factors—as chairman . of its executive committee.
That greater opportunity was the presidency of a great new bank, the Commercial National Bank & Trust Co. of Manhattan.
Comptroller of the Treasury Joseph Wallace Mclntosh has only recently approved the creation of this bank. It has only temporary offices in Wall Street. But it actually has $14,000,000 of paid in capital...
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