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Gibson Work To Receive Honors; Bank Grows Rapidly Receives Medal of '100 Year' Club-Is TwoJob Man-Manufacturers Trust Deposits Up Harvey D. Gibson, president of the Manufacturers Trust Company, will next Tuesday evening, the gold medal of the Hundred Year Club, given the New Yorker "who has most civic and industrial the While the medal recognizes chiefly his chairman the Emergency Committee, probably implies services banker behalf of an army small depositors and head bank that has more rapidly the past than probably any other financial institution the country Whenever relief administered these parts, Mr Gibson always turned to, partly by reason of his experience, but more particularly because he combines very happily energy and drive that things done, and the genuine philanthropic spirit that the human needs existing War Head of Red Cross Back in 1917, years in the activities of the Red Cross, elected the New York County Chapter, Red Cross. Later became eral manager American Red Cross, and member of the War Council the Red Cross. was that in the current with its mands upon relief agencies, son should have head the committee, for no human emergency has arisen since the World The story of his efforts and the long hours he has given this been frequently told. In the rapid succession his activities head Manufacturers Trust Company and the progreceived attention brief recital thereof follows: Buys Manufacturers Trust Co. As head of financial he group, purchased 1931, the percent interest in the Manufacturers Trust Company previously by the Sachs Trading Corporation at figure reported be $12,000,000 block of bought gave workcontrol the trust company into every borough of the city cept statement dated Jan. 1931, showed total and of On 1929, total assets 000, and $387,012,000. On presidency the and with active control. There followed period of consolidation resources and forces. The 1931 of the pression, with drag on values securities, about begun. Numerous small banks found selves difficulties and closed. The Trust took them over for releasing for of This was bit of direct relief that has had little attention. later, the Midwood Trust Company the Brooklyn National into the the Manufacturers Trust Company. Absorbs Chatham Phenix Then step was taken Merger with Chatham Phenix National Bank Trust Co., also possessing large number branches, was agreed upon came effective early in February, 1932, the Chatham Phenix name appearing process. In the statement of condition published after this merger, tal assets, Feb. 1932, were shown and deposits $374,892,595. Thus, in were the depression, the liquidation scaling down and the general
