C.T. Williams Jr., investment banker

January 10, 1994|By Jackie Powder | Jackie Powder,Staff Writer

Charles Turner "C.T." Williams Jr., who for many years managed the Baltimore investment banking firm of C.T. Williams and Co. Inc., died of pneumonia Friday at Roland Park Place in Baltimore. He was 97.

Mr. Williams joined C.T. Williams and Co. in 1929 and managed the firm until 1979, when the company's brokerage business was sold to Legg Mason Wood Walker.

After the sale of C.T. Williams, which was founded by Mr. Williams' father in 1923, he joined Legg Mason and served on its board of directors.

Mr. Williams lived in the Towson area for 40 years and moved to Roland Park Place in 1986.

Born in Richmond, Va., Mr. Williams grew up in Baltimore, where he attended the Calvert School and graduated from the Gilman School. He was a 1928 graduate of Princeton University.

During World War II, he served in the Navy as a lieutenant commander.

In 1942, he co-founded the Southwestern Virginia Gas Co., a natural gas utility company in Martinsville, Va. Although living in Baltimore, he actively managed the Virginia gas utility and several related companies in the propane gas business in Martinsville and surrounding counties until his retirement.

Mr. Williams was also actively involved in other businesses. From 1932 to 1972, he was a member of the board of directors of Colonial Stores Inc., an Atlanta-based supermarket chain.

In 1960 he was elected to District Committee No. 10 of the National Association of Securities Dealers, responsible for monitoring the activities of member firms in the District of Columbia, Maryland, Virginia and North Carolina.

An avid sailor, Mr. Williams participated in several races to Bermuda, as well as an Atlantic crossing to sail in the English Fastnet Race.

He enjoyed waterfowl hunting and was a member of the Cedar Point Club and the Wading Place Club.

He was also a member of the Bachelors Cotillon, the Elkridge Club and the Maryland Club.

Services were held yesterday at Trinity Episcopal Church in Towson, where he had been a member for 48 years, a member of the vestry and chairman of the investment committee.

Mr. Williams is survived by his wife of more than half a century, the former Virginia P. McIntosh; two sons, Charles T. Williams III -- and David Williams, both of Baltimore; a daughter, Charlotte McClain of Martinsville, Va.; a sister, Ann Baldwin of Baltimore; and six grandchildren.

The family suggested donations to Trinity Church, the Gilman School or any charity.

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