Big Business Behind New Fous-teen Million Dollar Company New York, Sept. 4.
The formation is announced of a new financial organization to engage! in general banking. It is "entitled the Commercial National Bank and Trust. Company. The capital is $14,000,009 and the President is Mr. Herbert Howell, a well-known] banker who has been for many years with the National Bank of Commerce.
No public offering of stock will be made.
It is understood that the entire capital has been subscribed by. the directors, who include Mr. Robert Lehman and other bankers; Walter Cifrysler, the _motor-ear manufacturer, Mr. David Schulte, the tobacco magnate; Mr. Sydney Kent, the General Manager of the Famous Piayers-Lasky Corporation, and William Wrigley, the chewing-s ing.—-Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.