William L. Trenholm

William L. Trenholm was a United States Comptroller of the Currency from 1886 to 1889.[1] In 1898, Trenholm (then president of the American Surety Company) was elected president of the North American Trust Company.[2]

William L. Trenholm
6th Comptroller of the Currency
In office
April 20, 1886 - April 30, 1889
PresidentGrover Cleveland
Benjamin Harrison
Preceded byHenry W. Cannon
Succeeded byEdward S. Lacey
Personal details
NationalityAmerican
Political partyDemocratic
OccupationFinancier, business executive

Biography

Trenholm attended South Carolina College, where he was a member of the Delta Kappa Epsilon fraternity, graduating in 1855.

Comptroller of the Currency from 1886 to 1889,[1] Trenholm, a Confederate Army veteran, was the first Democrat and first Southerner to be appointed Comptroller. Appointed to office by President Grover Cleveland, he was known for the large number of changes he recommended in the banking laws. Some, such as the provision that banks could change name and location without an act of Congress, were adopted. Other recommendations influenced later legislation, including the Federal Reserve Act of 1913. Trenholm resigned to become president of a large insurance company and later served as president of a trust company.

On January 19, 1898, Trenholm (then president of the American Surety Company) was elected president of the North American Trust Company.[2] In 1899, Trenholm desired to be "free of business cares" and retire, and an election was held for a new president at 100 Broadway. On May 26, 1899, Alvah Trowbridge was elected as the new president of the company, succeeding Trenholm.[3]

See also

References
  1. William L. Trenholm biography. Office of the Comptroller of the Currency.
  2. "A Place for Colonel Trenholm; Head of North American Trust Company -- W.S. Johnston Succeeds Him in American Surety". The New York Times. New York City, United States. January 20, 1898. Retrieved July 16, 2017.
  3. "Trust Company Election; The North American Chooses Alvah Trowbridge as Its Leader. He Succeeds Col. Trenholdm - The New Head Brings to the Corporation Important Financial Interests -- No Friction". The New York Times. New York City, United States. May 27, 1899. p. 3. Retrieved July 16, 2017.

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