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Wilmington Trust Company Records 2118

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Wilmington Trust Company Records 2118 Wilmington Trust Company records 2118 This finding aid was produced using ArchivesSpace on September 14, 2021. Description is written in: English. Describing Archives: A Content Standard Manuscripts and Archives PO Box 3630 Wilmington, Delaware 19807 [email protected] URL: http://www.hagley.org/library Wilmington Trust Company records 2118 Table of Contents Summary Information .................................................................................................................................... 3 Historical note ................................................................................................................................................ 3 Scope and Contents ........................................................................................................................................ 4 Administrative Information ............................................................................................................................ 5 Controlled Access Headings .......................................................................................................................... 5 Collection Inventory ....................................................................................................................................... 5 - Page 2 - Wilmington Trust Company records 2118 Summary Information Repository: Manuscripts and Archives Creator: Wilmington Trust Company Title: Wilmington Trust Company records ID: 2118 Date [inclusive]: 1909-1958 Date [bulk]: 1931-1954 Physical Description: 46 Linear Feet Language of the English . Material: Abstract: The Wilmington Trust Company is a financial institution that was started as a banking, trust, and safe deposit company for the du Pont family and other Delaware wealthy families. It is now a subsidiary of M & T Bank. The records contain some information on the workings of the Trust Department, but are more useful for the information they contain on the individual companies in which the department invested. It includes account reviews, responsibility reviews, and security reviews, but is largely investment analysis files, by company. ^ Return to Table of Contents Historical note The Wilmington Trust Company is a financial institution that was started as a banking, trust, and safe deposit company for the du Pont family and other Delaware wealthy families. The Wilmington Trust Company was incorporated on March 2, 1901, as the Delaware Guarantee & Trust Company. It assumed its current name upon formal organization on March 6, 1903, and opened for business in the first unit of the Du Pont Building on July 8, 1903. The company was organized in the interest of T. Coleman and Pierre S. du Pont, who were the first president and vice preident respectively. One of the primary functions of the company was to manage trusts for those branches of the du Pont family, as well as for the Bancrofts and other Wilmington industrialists. After 1946, the company absorbed a number of local banks (including the National Bank of Wilmington and Brandywine and the First National Bank), giving it a state-wide network of branches, and it became a full-service commercial bank. - Page 3- Wilmington Trust Company records 2118 In 1971, it became one of the founding members of NASDAQ. In 1999, it moved its listing to the New York Stock Exchange, which was de-listed in 2011. Due to falsified bank records and other woes, the company was forced into a fire sale to M & T Bank in 2010. ^ Return to Table of Contents Scope and Contents The records contain some information on the workings of the Trust Department, but are more useful for the information they contain on the individual companies in which the department invested. It includes account reviews, responsibility reviews, and security reviews, but is largely investment analysis files, by company. The bulk of the records consist of investment analysis files maintained by trust officers J. Sellers Bancroft (1904-1972) and his successor Joseph Y. Jeanes. The files are arranged alphabetically for each company or government body whose securities were held by the individual trusts managed by the department. The files are primarily composed of broker's reports from organizations such as Moody's Investment Service or Brown Brothers, Harriman & Co., analyzing corporate performance and relative investment risk, with periodic assessments from the Trust Department as to whether the security should be held or sold. The files also contain runs of corporate annual reports, meeting notices, prospectuses, and other literature typically sent to stockholders. In addition to individual company files, there are also files on specific industries as a whole, such as chemicals, rails, utilities, tobacco, chain stores, television, etc. While most large American and some foreign companies are represented, coverage is not uniform. Investments were usually conservative, meaning in the period before 1945 a preponderance of railroad bonds and utilities. The files trace various shifts of investment to petroleum, consumer goods, retailing, and entertainment after 1945 and contain useful analysis of the collapse of older industries like textiles, and particularly rails, during the same period. They also cover the bankruptcy and liquidation of investments in 1920s office buildings during the Depression. Because of its clientele, many of the trusts' holdings are local Delaware companies, ranging from DuPont and Hercules through the Bancroft textile firms to small businesses and downstate banks and manufacturing firms, clubs, and vacation communities. The Sharples family had large investments in apartments, including "negro housing," in Wilmington and Greater Philadelphia. The corporate annual reports contain information and images from a wide range of businesses during World War II, postwar reconversion, and the beginnings of 1950s prosperity. Those from consumer goods, retailing and entertainment companies are particularly interesting for their images of women in corporate publicity. - Page 4- Wilmington Trust Company records 2118 ^ Return to Table of Contents Administrative Information Publication Statement Manuscripts and Archives PO Box 3630 Wilmington, Delaware 19807 [email protected] URL: http://www.hagley.org/library Revision Description Ashley Williams 2020 Access Restrictions This collection is open for research use. Litigators may not view the collection without approval. Provenance On Deposit. ^ Return to Table of Contents Controlled Access Headings • Banks and banking • Investments Collection Inventory Title/Description Instances Abbott Laboratories, 1941-1953 box 1 Adams Express Company, 1951-1956 box 1 - Page 5- Wilmington Trust Company records 2118 Adams (J.D.) Manufacturing Company, Inc., 1932-1945 box 1 Adams-Millis Corporation, 1937-1946 box 1 Addressograph-Multigraph Corporation, 1950-1953 box 1 Aetna Life Insurance Company, 1952-1954 box 1 Agricultural equipment industry, 1945-1954 box 1 Air Reduction Company, 1940-1951 box 1 Akron, Canton & Youngstown Railroad Company, 1944 box 1 Alabama Power Company, 1933-1951 box 1 Alan Wood Steel Company, 1944 box 1 Albany (New York), 1942-1951 box 1 All American Aviation, Inc., 1943-1945 box 1 Alleghany Corporation, 1932-1944 box 1 Allegheny County (Pennsylvania), 1954-1957 box 1 Allen Industries, Inc., 1944 box 1 Allerton Corporation, 1947-1949 box 1 Allerton 55th Street Corporation, 1943-1944 box 1 Allerton Properties Corporation, 1944-1946 box 1 Allied Chemical and Dye Corporation, 1943-1955 box 1 Allied Mills, Inc., 1943-1956 box 1 Allied Stores Corporation, 1946-1956 box 1 Allis-Chalmers Manufacturing Company, 1937-1955 box 1 Aluminum Limited, 1944-1953 box 1 Aluminum Company of America, 1939-1954 box 1 Amerex Holding Corporation, 1945-1949 box 1 American Airlines, Inc., 1945-1954 box 1 American and Foreign Power Company, Inc., 1943-1953 box 1 American Automobile Insurance Company, 1950-1955 box 1 American Bakeries Company, 1952-1954 box 1 American Box Board Company, 1939-1944 box 1 American Brake Shoe Company, 1945-1954 box 1 American Business Shares, 1946 box 1 American Broadcasting-Paramount Theatres, Inc., 1949-1954 box 2 - Page 6- Wilmington Trust Company records 2118 American Can Company, 1939-1953 box 2 American Car and Foundry Company, 1932-1949 box 2 American Chain & Cable Company, Inc., 1946-1955 box 2 American Cyanamid Company, 1943-1953 box 2 American Fuel & Power Company, 1949 box 2 American Furniture Mart Building Corporation, 1932-1942 box 2 American General Corporation, 1946 box 2 American Gas and Electric Company, 1933-1954 box 2 American Hardware Corporation, 1950-1954 box 2 American International Corporation, 1944-1955 box 2 American Light & Traction Company, 1943-1946 box 2 American Locomotive Company, 1932-1954 box 2 American Manganese Bronze Company, 1938-1940 box 2 American Marietta Company, 1948 box 2 American Meter Company, 1947-1949 box 2 American Natural Gas Company, 1947-1955 box 2 American Paper Exports, Inc., 1942-1951 box 2 American Piano Corporation, 1948-1950 box 2 American Power & Light Company, 1932-1954 box 2 American Radiator & Standard Sanitary Corporation, 1938-1953 box 2 American Reinsurance Group, 1949-1950 box 2 American Smelting and Refining Company, 1932-1955 box 3 American Snuff Company, 1945-1953 box 3 American Steel Foundries, 1945-1955 box 3 American Stores Company, 1936-1955 box 3 American Sugar Refining Company, 1932-1954 box 3 American Surety Company of New York, 1950 box 3 American Telephone and Telegraph Company, 1935-1955 box
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