The Birmingham age-herald., 1915-06-24

as are some of his partners. Henry P Davison, who trod alone, unassisted ex- cepting by his own merits the path when has led to success, is sti under 50 years of age and before he was 45 he had gained high reputation as one of the leading coti- stfuctive financial forces of the United States. Another partner, Thomas w. Lamont, was less than 20 years ago a newspaper man In his forty-fourth year he had mastered the problem of extraordi- nary delicacy and difficulty whose solu- ton was necessary before the New York Central railroad corporation could under. take the largest piece of single financing ever undertaken by any railroad
 Benjamin Strong. Jr., now the governor Of the federal reserve bank for the dis trict of which New York city Is the een- ter is under 90 years of age and he was we'll below the half century mark when he was chosen president of one of the largest trust institutions in the United States
 No one man in official authority did more to aid in the restoration of order in our financial life last fall and winter than did W. P. G. Harding of the federal re- serve board at Washington His counsel was sought and was accepted. especially at the time when the eo-operet tiun of the national banks of the In ted States in underwriting gold pool of siO0, ,O00.000 wa s asked for. Mir. Harding spoke both from experience and as q financial philosopher whose mind went to the roots of great financial principles, when he earnestly recommended cooperation of this kind He, too. was just turning 50 years of age when he did these things.
 What is true of New York is also re- ported to be true of Boston, of St Louis of Minneapolis. The president of the greatest trust institution in the world Charles D. Sabin, was under 20 when he vas in the present fiscal year. chosen president of this institution. and he began life upon his fathers farm. Recently when speaking of a very great movement of gold from Europe to the United States in the last year of McI<ifleys first ad- ininistration. MT. Sabin said that that was before his time In this remark he illustrated the fact that the new genera ton has entered upon the fullness of its career within the past l5 years.
 What is true of banking life Is also true 10 great extent of railroad and in dustrial life Lewis F. Pierson. who is understood to receive the largest sala ry pad to the president of any mercantile house in the world, Is five years under 50 now and he was president of the Amer ican Bankers association when he hac just turned 70. Charles E. Warren, pres ident of the Lincoln National bank ol New York. was four years under 30 wher a year ago he was chosen for that office Earl D. Babst who is presumably to be the new president of the American Sugar Refining rompahy. is five years under 5O and he had already established great reputation as a merchant, although earlier trained as lawyer, before he was 4t years of age. Therefore, it Is now sat that ono of the finest revelations of the many wonderful ones made in the present 1 fiscal year is the demonstration of tho capacity of the new generation of Amer l jeans to take up and continue the worl l of the generation which preceded it.