EQUITABLE TRUST COMPANY OF NEW YORK, THE, founded on April 19, 1871, as the Traders Deposit CornThe, founded on April 19, 1871, as the Traders Deposit Corn- pany, began business with an authorized capital of $50,000. In 19o2 the name was changed to The Equitable Trust Company of New York and its activities extended to include every banking and trust function. On April 2, 1902, the paid-in capital stock was increased to $1,000,000 and in 1903 to $3,000,000. Subsequent growth in capitalization was as follows : $6,000,000; (1919) $12,000,000; (1922) $20,000,000; (1923) $23,000,000; (1926) $30,000,000. The Equitable Trust Company developed into a bank of world-wide connections with capital, surplus and undivided profits of over $5o,000,000 and total resources of over $500,000,000. In 1930 it was merged with the Chase National Bank; at the same time, however, a new Equitable Trust Com pany was formed to protect the name, with capital of $3,000,000 all owned, however, by the Chase Bank. Later under the new banking laws of the United States, the Chase Bank was compelled to dispose of its interest in that company, since which time, the Equitable Trust Company of New York with increased capital has operated independently.