Word: ansbacher
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Dates: during 1933-1933
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...fought branchbanking as "financial feudalism" and ''economic vassalage." Last autumn when he was elected second vice president of the American Bankers Association, thus assuring him of the presidency in 1935, he ate his words and said: "We cannot stem the tide of economic events." A Bavarian from Ansbach, he learned banking in Chicago, went to the Hibernia 26 years ago. At 33 he was president. John J. Gannon, whom he displaced, spent the brief balance of his life cursing Rudolf Hecht in all public places as a double-crosser...