Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-08-04
A YOUNG LEADER I'M FINANCE.
1888 an Errand Man, Now Vice Pres
ident of New York Bank.
Now York World

The election of Henry p. Dawson to
the position of vice president of the
great first National bank makes am
other substantial step in the financial
career OF young man whose advance
ment has been followed with keen in
terest in the banking world.
AT the age of 81 Mr.. DAWSON by his
own energy and ability, and wholly I'M
aided by wealth or influence has reach
ed position seldom attained by those
who follow a banking career until their
heads have grown gray i'll the service
No two young men in Wall street
more aptly illustrate the truth of the
saying attributed To Mr. Carnegie. that
there is always room for a young man.
especially at the top" than Charles NJ
Schwab, the young president OF the
United States steel corporation, and
Henry p. Dawson, who is three years
younger than Mr.. Schwab, and like him,
a son of Pennsylvania.
Mr.. Dawson was born in Troy. Pa,
thirty-four years ago. AT the age of IS
he taught school in that city. He soon
portuntes Were too small in his native
town, and in 1883 he set ont for Bridge
port, Conn, with barely enough money
in his pocket TO pay his railroad fare
Upon his arrival in the Connecticut cily
he canvassed all the banks and finally
succeeded in getting a job with one of
the most prominent Institutions there
as a bank runner or errand man.
In three years he worked up to the
position OF receiving teller. His abili-
ties in this office soon attracted the at
tention of one of the directors of the
Astor Place Bank OF New York, and in
1891 he was offered and accepted the
position of receiving teller in that in
stitution. Six months later he was
made paying teller and retained that
office until 1894, when the First Ma
tional Bank acquired a majority inter-
est in the Liberty Rational Bank and
offered MIR. Dawson the post of assist
amt cashier. In 1895 he was made
cashier and in 1900 Was promoted to
Henry c. Tinker retired from the posi-
ton of president last year, Mr.. Dawson
WAS elected to succeed him.
The ability which the young" presi-
dent displayed and the progress which
the Liberty National Bank made under
his management soon attracted serious
attention from George +. Baker and
the other controlling spirits of the First
National Bank, who also control the
Liberty National. They made him a
Very hatterng offer to take hold as
vice president, which he accepted.
The growth of the First National
Bank has been one of Wall streets
wonders. Within the last year the bank
has Increased its capital stock from
one half million dollars to $l0,0oo,oo0.
AT the same time it declared a dividend
to the stockholders of 1900 per cent,
the largest in the history of Wall
street
Mr.. Dawson found time while an of
ficer of the Liberty National Bank to
complete Il law course in the New
York law school. He is n student of
political economy, is we'll versed in
current literature Notwithstanding
that he has the reputation oil keeping
longer hours than amy other banker in
Wall street. He arrives at his desk
every morning at OILS and never leaves
it until 5 o'clock except on Saturdays
He finds time. however, To indulge in
his favorite recreation, which is golf.
Fe is one OF the best PLAYERS in the
Golf Club, which has links
near his residence in Englewood, N. j.
Mr. Dawson was married ten years
ago TO Miss rrubee of Bridgeport. They
have three sons He is a member of the
Lawyers. the City. the Metropolitan
and the Union League clubs. He is al
SO secretary OF the Clearing House As
Snl.i. lion.