Mitchell, Charles E

▪ American banker
born Oct. 6, 1877, Chelsea, Mass., U.S.
died Dec. 14, 1955, New York, N.Y.

      American banker and chairman of the National City organization.

      Mitchell took his first job with the Western Electric Company in Chicago and became the president's assistant in 1903. Three years later he left the firm and became assistant to the president at The Trust Company of America in New York City, a position he held for five years. Mitchell formed his own investment house, C.E. Mitchell & Co., in 1911. Five years later he took part in the reorganization of the National City Company, which oversaw investments for the National City Bank, and he soon became its president. The company was capitalized at $55,000,000 and had 50 offices throughout the world. Mitchell also became president of the National City Bank of New York and maintained both positions until 1929. He resigned them to head the National City organization, the parent company for several banks and financial institutions.

      After the collapse of the stock market in 1929, Mitchell became a major target for government investigations. He left his posts at National City when it was disclosed that he had made illegal stock transactions, speculated in his own bank's securities, and engaged in income tax evasion. The passage of the Securities Act of 1933 and the Banking Acts of 1933 and 1935 was largely in response to Mitchellʾs example of financial chicanery.

      After resigning from the National City organization, Mitchell founded his own financial consulting firm, C.E. Mitchell, Inc. At the same time, he assumed the position of chairman of the board for the investment banking firm of Blyth & Co.

* * *

Universalium. 2010.

Look at other dictionaries:

  • Mitchell, Charles — SUBJECT AREA: Ports and shipping [br] b. 20 May 1820 Aberdeen, Scotland d. 22 August 1895 Jesmond, Newcastle upon Tyne, England [br] Scottish industrialist whose Tyneside shipyard was an early constituent of what became the Vickers Shipbuilding… …   Biographical history of technology

  • Charles Richmond Mitchell — Alberta Minister of Health In office April 29, 1920 – August 13, 1921 Preceded by Alexander Grant MacKa …   Wikipedia

  • Charles S. Mitchell — Mitchell cropped from the 1879 Michigan football team portrait Born November 13, 1856(1856 11 13) Wilkinsburg, Pennsylvania D …   Wikipedia

  • Charles Jacques Fox — Charles James Fox Pour les articles homonymes, voir Fox. Charles James Fox …   Wikipédia en Français

  • Charles Le Moyne Mitchell — (* 6. August 1844 in New Haven, Connecticut; † 1. März 1890 in New York City) war ein US amerikanischer Politiker. Zwischen 1883 und 1887 vertrat er den zweiten Wahlbezirk …   Deutsch Wikipedia

  • Charles E. Mitchell — Charles Edwin Mitchell Born October 6, 1877(1877 10 06) Chelsea, Massachusetts, U.S. Died December 14, 1955(1955 12 14) (aged 78) New York City, New York, U.S. Occupation Banker …   Wikipedia

  • Charles Le Moyne Mitchell — (August 6, 1844 March 1, 1890) was a U.S. Representative from Connecticut. Born in New Haven, Connecticut, Mitchell was graduated from Cheshire Academy in 1863. Traveled in Europe, Asia, and Africa. He returned to New Haven, Connecticut, and… …   Wikipedia

  • Charles Mitchell (professor) — Charles Mitchell MA (Oxon) is a Professor of Law at University College London. He is one of the leading common law experts on unjust enrichment and the law of trusts, and author of two leading textbooks and one practitioner s book. Career… …   Wikipedia

  • Charles Mitchell (songwriter) — Charles Mitchell is a songwriter, best known as a collaborator with Jimmie Davis. Davis s best known composition, You Are My Sunshine , was co written by Mitchell.[1] References ^ Daniel, Wayne W. (2001). Pickin on Peachtree: A History of Country …   Wikipedia

  • Charles Basing — (b. Australia in 1865; d. Morocco in 1933) was an American artist active in New York City and Provincetown, Massachusetts, in the early 20th century. [1] In 1900 1903 he studied at the Academie Julien in Paris with William Adolph Bouguereau, [2]… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.