Business & Finance: Investors Union

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.

In January 1931 he made headlines with the assertion that the 1,100 bank failures of 1930 were caused by a lack of "adult education for bankers." that the Depression was a "strange and stupid spectacle."

In February 1931, he had his picture taken with a rare species of crane in his private aviary in the Palos Verdes hills near Los Angeles.

In February 1931 (on the day that Auburn stock...

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