A GREAT BANKER.

Taranaki Daily News, 8 November 1919, Page 8

A GREAT BANKER.

"Sir Edward Holden, St., chairman and managing director of the London Joint City and Midland Bank, died in Scotland, aged 71. : "With his death the world of finance has lost a personality who can ill be spared in the critical times through which we are passing. He possessed extraordinary energy, which, coupled with a complete practical and theoretical knowledge of banking, enabled him to make his institution the biggest bank in the world, the ieposits .now amounting to over £371,<X)0,000." savs the City Editor of the Daily' Telegraph. "Born in IS4S, the son of the late MiHenry Holden, of Tottington, near Manchester, he entered the service of the Manchester and County Bank as junior clerk, at the Bolton branch, in lfSflfi, thus starting on the bottom rung of the ladder. During the time he was with.that bank he educated himself at Owens College. Manchester, paying particular attention to political econonw, logic, and law. His first connection with what is now the London Joint City and Midland Bank bejan in 1 SSI. when he became accountant of the Birmingham and Midland Bank. Subsequently he made rapid progress.in its service, until in 1S!)8 he was appomted managinl director. 'lie lived for his work, and expected those under him to do the same. As an employer he was quick to recognise ability wherever it was displayed, and in the matter of onerous treatment gave an example, that others follow with advantage: Like all great leaders of men. he combined the power to take broad views with a consuming passion for detail."