Word: vanderlip
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Died. Frank Arthur Vanderlip, 72, one-time (1897-1901) Assistant Secretary of the Treasury, onetime (1909-19) President of New York's National City Bank; after an operation; in Manhattan. Born of poor parents in Aurora, Ill., Banker Vanderlip was first a newspaperman in Aurora and Chicago. While associate editor of the Chicago Economist he was called upon to advise financiers in the panic of 1896. His handling of the panic won him his Treasury Department job. From 1919 to 1924 Banker Vanderlip made repeated trips abroad studying international finance. He predicted a world financial catastrophe unless all countries...
Fortnight ago a new Manhattan group including Frank Arthur Vanderlip Jr., 30, son of the onetime president of Manhattan's big National City Bank, sent a letter to stockholders soliciting proxies to use at the annual Reo meeting this week for the purpose of "revitalizing" the board. Wrote young Mr. Vanderlip: "[We have made] an exhaustive and careful investigation of a new plan for automobile and truck production and sales. ... We propose to have the company go ahead with this plan." Automotive Daily News said that the plan provided for production of 40,000 vehicles per year,* which obviously...
Recalling the activities of the 1934 stockholders' committee last week, Reo's President Donald E. Bates answered back: "That group three years ago was definitely discredited. Today 'the Independent Stockholders' Committee' reappears in the press-renewing its attack. . . . Recently Mr. Vanderlip notified the Reo management that he and his associates held substantial blocks of Reo stock and requested representation on the board. . . . That evidence has not yet been furnished." Next day however, the story was different after President Bates met with the Vanderlip group in Detroit. Satisfied that Mr. Vanderlip & friends were not bluffing, President...
Since that was what Mr. Vanderlip wanted, the proxy fight ended there & then. A Harvard graduate (class of 1930), lively young Frank Vanderlip maintains offices at No. 52 Wall Street with his father, now 72. United in financial affairs, Vanderlip Jr. and Sr. parted on the subject of Prohibition. WThen old Frank became chairman of the national advisory board of the Crusaders (Wets) in 1933, young Frank joined the Citizens' Legion (Drys) within 24 hours. No family row developed, however, and young Frank never signed an abstinence pledge...
...last board meeting, which was described by Vanderlip, "as a sort of confessional for the college presidents," showed that many of the university heads feel that the athletic situation "is more reprehensible than eve before...