Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1899-07-07
OUR NEW YORK LETTER.
Paragraphs About "Vanderbilt's
Bank" and It's President.


New York. July Special.1-It Is
an old saying, but none tbe less true
that the country brod mako MANY of tbe
b,igbtes+ rorls In o;+,. ufo IT, f.a4
-, -. -. ~ "
,"'s "i"1oiitS Vi Tue sreu'eF Successes
III 'n's Town nave Deen won by men VINO
were born outside its boundaries. The
reverse is probably true in only two Of
the more noteworthy callings, banking
and merchandising. Investigation might
show the majority of winners in these
occupations even to have been of extra
urban birth.
At any rate, the country boys who
have become New York bankers certain
ly stand very high among their fellows
and are probably better known through
out the country at large than the Others.
Certainly this may be said of both Henry
w. Cannon, president of the Chase Ma
tional bank. who was a Delphi On. W
boy, and Thomas L. James, president of
the Lincoln National, who came here
from Utica. Both held federal office of
high degree before entering the banking
business here, Mr.. Cannon as comptrol-
Ter of the currency and Mr.. James as
postmaster general.
.InmRH WINS NRNVgnnnRF Man.
NJ Cannon won't into hotl,i,,,, ,,.bor
only n lad br+ Mr. lanes chose 70 he-
oi, tho sorio,s io,,rnov Of Tfo tbrorgb
tbn Tato orrordod NV n 1o,yenanor ngice
nv so+I,a, ~ NJ Ion,os ,,,os - t,,ildor
IN TTtico Tbomos 7, Went 70 school tbera
oIone, 9Th II prontiss RoiIo, tho con ~
n Methodist preacher. Both bovs liked the
smell of printers ink. and both became
Office of the Utica Liberty Press. They
worked together for some time. in the
course of which Young James learned
that young Bailey numbered among his
closest friends one Stephen G.. Cleveland.
the son of a Presbyterian minister To-
Gated at Fayetteville, Onondaga county,
when the Rev. Mr.. Bailey was in charge
of the Methodist church in the same viii
lage. At that time nobody thought of
calling Prent Bailey's friend Steve
Cleveland, by his middle name of Grover.
Neither did any one then suppose that
Steve would ever rise to be president of
the United States Bailey Is the only one
of the three bovs who has not forsaken
his Youthful environment. Since his
'prpntice DAYS he has won his way to the
front rs the owner and editor Of one of
the snurrest evening newspaner proner-
ties in the United States. He has ALWAYS
kent in close Touch with his two friends
Though thev have never heen intimate
with ench other For some wears while
CLEVELAND was chief evecutive Of tho M
ton Mr.. Bailey WAS Westminster at Utica.
ms he is TODAY
NO No.. val W.. D,,, c.
m, -, ,.-i.,-,. - -, -.
~, =. -,
e.; n''.iN NJ IL SUI ,i'iie III 'ie
nI''os; Ho'"S " I"Lilii'v" u"ulsoil O Jun.
y, 49, "e p lIi,p0eu 'liu IoI " 'i'ns
III 49,, "eNi' ne" sp"Pol ndiileu
. hne Jul ia" I as county ng"SpaPer
t ai, sJuu. ""'iea vas pvl ne
II - 49, ~ W eo'iie " W" Ao'h'
, wmrI" ueciSion ne put INTO pracuee Ill
ioDi ,,
~ niSt lCuiu occupation mere III 'he
.el ~ lins az "H Io
~! :" nj ~ 'Iii 80 rs
nj u" my " .iie PosiliUl VI ugruly
So"ector ol Ine port VI 1New torA. men
ne M"s i.iHue Pps''ii"s,eI oi '1ils ,oMI'
I p'i9t er1 IL -. . "i,en
aI ai ,,ei,i n,''u mn .'.
a. a. ~ 'iie p e9i'
ueI'i1i ul', N"i ileii ussassllia,
.ioi tli' ~ GUY "S a ili'it'ei VI
.n 80 .ne Duiie, Vi "a sTue
"iue pl t.s n nv, iilaIh n 10 uIupt-
u. iSt 4i e .ni "eiies "oulu e'tl Hase
TI gu 'iie neiu Vi niSoe ne ouiNeI
- a.. - e:i''' ~ Pu' sri, ~ Non
W.. .,ie latin , poeeui 1nnils' nc re
a. ~ senei a. ing
' h.'4 cue u Up snIene ser sus.aIlln =
an ~. ~ eHe fsiIn Tsri,.
sne puDi.'n pa y lGi'o"ins 9pl'ielu
;o go af ..,II; III INC SCI
T. " .b 1n oi"a,ns..oo ho,.oo. h. A.
o;jn5 ~ 80. re" - .I
s,,it ,,,os +bn forn,a+;on 80 +bn 1irodI,,
Nat,"I -. To- AZ .;.a14n'.l
a.a 4oiI, Jam . Ia u.iee'oi u az y
80 tbot 90 NJ. Iou,os - M nj: 1870 az A,e,"d
Wan Snnt,no.d l,,,o1,,r, bottor - ~, ~
o,' o. 49, ,o't,' 1891 IL W CO nc,
| yoord is n star in bis o1vn cola 81 Jnd
son river TRANSFORMATION. and nv reason
of his success as n steamboat man his
friends unanimouslv call him "commo
dore." Former Mayor William r.
Grace. speciol friend Of Mr.. RIaine',
reciprocity policy. was another of the
hanks first directors. Matthew C. d
Borden was another. and so was John
w. Harper. and so was Noah Davis. ex
chief iustice of the supreme court.
Mr. Harper is one of those named
above not now in the directorate. and tn,
names of some others less known who
were In the original board have been re
nlaced bv the names of II. Walter Webb
long n leading railroad man; Fredericl
w. Vanderbilt of the famous New Yorl
| Co,+,,,l eor,;I- Tou,os n To,-r,r % 81,