The New York herald., 1921-04-17
WHAT Is LEADING MEN WERE DOING Is YEARS

matter to his will. His Investigations in
physics, chemistry ard in mathematics cover
wide range.
In addition TO his practical labors con-
sulting engineer 10 a great manufacturing
plant Mr.. Steinmetz is also well known as
teacher, for he is a member Of the faculty
OF Union College.
~ ENJAMIN STRONG a quarter of a
* century ago was a bank clerk, and
- a very good one. The son Of Ben
jamin Strong. an able publcist he was a
keen student of finance and gradually made
his way to the top. Among the first TO
recognize his talents was the late r. C. Con-
verse of the Bankers Trust Company. Mr..
Strong has occupied several responsible posi-
tions in financial Institutions and for a time
was the president of the Bankers Trust.
His connection with the realm of finance is
best known. however. as governor OF the
Federal Reserve Bank.
Mr.. Strong is a member of the Academy
Of Political Sciences and kindred organiza-
tons.
OORNELIUS VANDERBILT was grad
uated from college in 1895. the same
- year in which Herbert C. Hoover re-
ceived his diploma. Mr.. Vanderbilt got his
degree al Yale and turned his attention to
mechanics and engineering. One of the fac
tors which led him to take such an active
interest in practical affairs was the will of
his father. In il he received only s1000000
instead of the largest share, which would
have gone TO him as the eldest son, after
that unofficial law of primogenture which
some American men of wealth pursue for the
10 of ba far in
concentrated form. This situation caused
Mr.. Vanderbilt to devote himself with great
energy to the realm of invention. He made
some remarkable improvements in steam
locomotives.
Eventually there was a division of the
family wealth which gave him a larger
share, and he has since been more interested
In financial than in mechanical problems.
RANK A. VANDERBILT, who recently
r. retired from the presidency of the
National City Bank with a substan-
tial fortune was twenty-five years ago a
writer on financial subjects He began as a
reporter on the Chicago Tribune and soon
became it's financial editor. A quarter of a
century ago he was still writing for the
newspapers and was also the associate
editor of the Economist, a journal published
in the Cook county metropolis. He had the
confidence of the powers that be in the
world of banking, and when II seemed as
though the city of Chicago in most
parous financial straits he was chosen to
write statement. which every paper
printed.
Mr., Vanderlip had so impressed Lyman J.
Gage. then bank president, with his abili
ties that Mr.. Gage chose him as his private
secretary when he was appointed Secre-
tary of the Treasury. The careful study
of problems of finance which the journalist
had made caused him to be invaluable in the
Treasury Department and when he left the
Government service he soon found still
larger field of usefulness in Wall Street.
= AMUEL NJ. VAUGHAN. the president
of the Baldwin Locomotive Works Of
~ Philadelphia, was admitted in 1896
Just twenty-five years ago. into the firm OF
Burnham, Williams & Co.. then the pro-
prietors of the plant. He had been coming
up all the way under a fun head of steam
for many years before. Like w. w. After
bury he was a graduate of the Altoona re-
pair shops of the Pennsylvania Railroad.
When he was sent to supervise the building
of some locomotives for the railroad he was
liked so well 10y the firm that II insisted on
his entering its employ.
In three years he was boss of the whole
works, and by all odds he was considered
one of the ablest plant executives in the
United States. He is a whole souled, brusque
person with a Leen perception of what men
are good for He became general manager
and then vice-president and recently was
chosen for the executive head OF the com
pany.
IN AUL NJ, WARBURG but for a turn of
- destiny might have been in mercan-
tile pursuits instead OF one of the
leaders of finance in this country His early
training had been as a traveller in the in
terest of commerce throughout the world.
His father. a member OF the firm of War
burg Warburg Of Hamburg subjected him
10 the most valuable discipline OF making
good with business interests which had no
connection with the family. He was ABOUT
to join the firm of his ancestors however
when he came to this country. and romance
held him to these shores. In 1894 he mar
ried Miss Nina j. Loeb and soon thereafter
became connected with the house OF Kuhn.
Loeb & Co. of which he rs now a member.
Upon his appointment as a member of the
Federal Reserve Board by President Wilson
Mr.. Warburg resigned his directorships with
many corporations SO that nc might give
his undivided attention 10 the heavy respon-
sibilities OF his office
THOMAS IL WILSON tho bcaa 81 a