Vanderlip
FRANK ARTHUR, an American banker and financier, born in Aurora, Ill., on November 17, 1864. He was reared on a farm and attended a country school only until fifteen, though later he studied at the University of Chicago. As a lad he worked in a machine shop, then became a newspaper reporter and, in 1890, financial editor of the Chicago "Tribune." In 1894, he became associate editor of the Chicago "Economist." Three years later Lyman Gage, then Secretary of the United States Treasury, made him his private secretary; but so conspicuous was his ability that President McKinley appointed him Assistant Treasurer of the United States. From this position he resigned in 1901 to become vice-president of the National City Bank of New York, of which institution he was president 1909-1919. He was a director in many corporation and a trustee of the Carnegie Foundation, New York University, Massachusetts Institute of Technology, etc. During the participation of the United States in the World War he in in the World War he was chairman of the War Savings' Commission and personally conducted the sale of the War Savings' Certificates . He traveled extensively in Europe and the Far East since the war and was considered one of the greatest experts on world finance. He was the author of "The American Commercial Invasion of Europe" (1907) ; "Business and Education" (1907) ; and "Business and Politics" (1915) "Political Problems of Europe" pe" (1920), besides many articles in financial and economic publications.