Word: vanderlips
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...event which made news last week was the opening of a cancer clinic attached to the Infirmary. Dr. James Ewing, dean of cancer specialists, was there. Mrs Frank Arthur Vanderlip attended in black & red as Infirmary president. The memory of the late Chauncey Mitchell Depew, oratorical plutocrat, hovered over the simple ceremonies. Donors of the clinic were his sister's daughters-May Strang and Dr. Elise Strang L'Esperance. Dr. L'Esperance is pathologist at the Infirmary for Women & Children...
Frank Arthur Vanderlip was once (1909-19) president of Manhattan's National City Bank and like the two presidents who succeeded him (James Alexander Stillman and Charles Edwin Mitchell), he is no stranger to headline writers...
Last week Mr. Vanderlip made headlines by announcing preparations for two new investment trusts which he said might some day "have assets...
Nimbly versatile though Mr. Vanderlip is, this announcement was no surprise, for last January in the Saturday Evening Post he criticized existing investment trusts for the losses they have caused to investors, declared that the investing public needed the protection of trusts run like mutual savings banks...
...Manhattan, Banker Frank Arthur Vanderlip, onetime Assistant Secretary of the Treasury, announced a national financial plan held secret since Feb. 26. The plan proposed: 1) embargo on gold; 2) limited Federal guarantee of bank deposits; 3) legislation for complete separation of investment and commercial banking; 4) "devaluation" of the dollar by reducing its gold content in accordance with commodity indices. The Vanderlip proposals were signed by: President James Henry Rand Jr. of Remington-Rand Co., Chairman John Henry Hammond of Bangor & Aroostook R. R. Co., President Robert E. Wood and Chairman Lessing Julius Rosenwald of Sears. Roebuck & Co., Vincent Bendix...