The unwritten law of succession in the American Bankers Association is that at each annual election the second vice president shall accede to the first vice presidency and the first vice president shall accede to the presidency. U. S. Banking thus picks its official spokesman two years in advance. Many things have happened in the last two years—particularly to Rudolf S. Hecht, chairman of New Orleans' Hibernia National Bank, who was elected second vice president of the ABA in the dark autumn of 1932.
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