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Frank Arthur Vanderlip

1911 Encyclopedia Britannica

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"FRANK ARTHUR VANDERLIP (1864-), American banker, was born at Aurora, Ill., Nov. 17 1864. After leaving the public schools he studied for a time at the university of Illinois and at the old university of Chicago. In 1889 he became a reporter on the Chicago Tribune and in 1890 was made its financial editor, but resigned in 1894 to accept the associate editorship of the Economist, a paper published weekly in Chicago. His contributions to it attracted wide attention and he was frequently called upon to deliver addresses. On March 4 1897 he became private secretary to the U.S. Secretary of the Treasury, Lyman J. Gage, and four months later was appointed by President McKinley assistant Secretary of the Treasury. On resigning in 1901 he was elected vice-president of the National City Bank, of New York City, and in 1909 president, serving in the latter capacity for ten years. Before taking up his work in 1901 he spent a year in Europe studying financial and industrial conditions. When the War Savings Committee was appointed by Secretary of the Treasury McAdoo, to promote the sale of War Savings Certificates during the World War, he was made chairman, serving from Sept. 1917 to Sept. 1918. He was chairman of the board of directors of the American Industrial Corporation and director in many organizations, including the Haskell & Barker Car Co., the Midvale Steel & Ordnance Co., and the Union Pacific R.R. Co. He was a trustee of the Carnegie Foundation for the Advancement of Teaching. He was the author of The American Commercial Invasion of Europe (1902, the result of his studies in Europe); Business and Education (1907); Modern Banking (x911) and What Happened to Europe (1919).