118

married Lord Airlie, the present head of J. Henry Schroder Banking 

Corporation in London and New York.

Another director of National Bank of Commerce in 1914, A.D. Juillard, 

was president of A.D. Juillard Company, a trustee of New York Life, and 

Guaranty Trust, all of which were controlled by J.P. Morgan. Juillard 

also had a British connection, being a director of the North British and 

Mercantile Insurance Company. Juillard owned 2000 shares of 

National Bank of Commerce stock, and was also a director of 

Chemical Bank.

In The Robber Barons, by Matthew Josephson, Josephson tells us that 

Morgan dominated New York Life, Equitable Life and Mutual Life by 

1900, which had one billion dollars in assets, and which had fifty million 

dollars a year to invest. He says,

"In this campaign of secret alliances he (Morgan) acquired direct 

control of the National Bank of 

 

 

 

Commerce; then a part ownership in 

the First National Bank, allying himself to the very strong and 

conservative financier, George F. Baker, who headed it; then by 

means of stock ownership and interlocking directorates he linked to 

the first named banks other leading banks, the Hanover, the Liberty, 

and Chase."60

Mary W. Harriman, widow of E.H. Harriman, also owned 5,000 shares of 

National Bank of Commerce in 1914. E.H. Harriman’s railroad empire 

had been entirely financed by Jacob Schiff of Kuhn, Loeb Company. 

Levi P. Morton also owned 1500 shares of National Bank of Commerce 

stock in 1914. He had been the twenty-second vice-president of the 

United States, was an ex-Minister from the U.S. to France, and president 

of L.P. Morton Company, New York, Morton-Rose and Company and