Business & Finance: Banks

In. Fourth largest of New York banks is Equitable Trust Co. with resources of $953,000,000. Last fortnight its president. Chellis A. Austin died (TIME, Dec. 23). Last week Lawyer Winthrop Williams Aldrich was elected to succeed him. A yacht-goer, Lawyer Aldrich is 44, also a director of Bankers Trust Co. While he has been legal advisor to Equitable for ten years, most famed of his legal activities was to handle John Davison Rockefeller Jr.'s ousting of Oilman Robert Wright Stewart from Standard Oil of Indiana. After his election, Mr. Aldrich frankly conceded he came to Equitable representing Rockefeller interests, confirming the...

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