Notes |
- Frank A. Vanderlip, born on an Illinois farm, had a career that spanned the distance between his first job as a machinist apprentice, at $4.43 a week, and the presidency of the First National Bank. The protege of James Stillman, first president of the bank, Vanderlip was serving as a deputy Secretary of the Treasury during the McKinley administration when he was recruited by Stillman. Moving easily between the worlds of government and finance, Vanderlip was influential in the passage of the Federal Reserve Law and instrumental in formulating the policies on which current banking practices continue to be based.
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