Word: aba
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Dates: during 1930-1939
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...days later a potent delegation of bankers accompanied by Francis M. Law, retiring ABA president, went to the White House to thank the President for his kind words. Banker Law. arriving by taxi, found that he had no money in his pocket. A correspondent of the Wall Street Journal lent him 25? and impishly put an account of the transaction on the Dow-Jones news ticker. Before the delegation was ushered into the Presidential office Mr. Roosevelt had got the news from his ticker. He met Banker Law grinning. The New York Herald Tribune solemnly quoted the President...
Next day a short resolution was steamrollered through the ABA machine, promising cooperation, requesting in very meek terms a balanced budget. But a majority of the delegates were as boisterously antagonistic as ever. They howled applause as Pundit David Lawrence delivered a sizzling attack on the New Deal. In their lobby talk they agreed with the New York Herald Tribune that the President had thoroughly ''buttered'' them...
...first vice president shall accede to the presidency. U. S. Banking thus picks its official spokesman two years in advance. Many things have happened in the last two years?particularly to Rudolf S. Hecht, chairman of New Orleans' Hibernia National Bank, who was elected second vice president of the ABA in the dark autumn...
Nevertheless, a number of ABA members feel that Banker Hecht has yet to live down his hectic years?at least in the public's eye. Last year a move was made to block his accession to the first vice presidency. New York members in session last June passed a pointed resolution calling on the ABA to nominate for high executive positions men "able to command the confidence not only of bankers but of the public at large." Last week with the annual ABA convention but a month away, the Hecht opposition again broke into the open. Manhattan bankers...
Bankers big & little know perfectly well that their titular leader at this time should be above reproach, unjustified though the reproach may be. But many feel Banker Hecht's long devotion to ABA affairs should be duly rewarded. No one denies that the swart little Bavarian from Ansbach with the slick black hair and the cropped mustache is a banker born. After a short training in Chicago he went to New Orleans, was a bank president at 33. But whether the ABA will break tradition to pass by Mr. Hecht at 49 is likely to be a hot question when...