The New York Times/1918/11/11/Bank for Italian Trade
BANK FOR ITALIAN TRADE.
Italian Discount and Trust Company to Open Its Doors Today.
The Italian Discount and Trust Company, incorporated under the laws of New York State with a capital of $500,000 and a surplus of $250,000, which was organized recently under the auspices of the Guaranty Trust Company and the Banca Italiana Disconto, will begin the transaction of a general banking and trust company business at 399 Broadway this morning, special attention being given to Italian export and import trade.
George P. Kennedy, formerly assistant treasurer of the Guaranty Trust Company, is President of the new bank and G. Biasutti, manager of the Florence branch of the Banca Italiana Disconto, is Vice President. Among the directors are Alexander J. Hemphill, Eugene W. Stetson, Harry Lawton, and Theodore Rousseau of teh Guaranty Trust Company; Comm. Angelo Pogliani, Managing Director of the Banca Italiana Disconto; Emanuel Gorli, Judge John J. Freachl, Mr. Kennedy, and Mr. Biasutty.
The Banca Ialiana Disconto, with which the Company is affiliated, is among the leading banks of Italy, having 70 branches in that country. Gugilelmo Marconi, inventor of wireless telegraphy, is chairman of its board of directors.