FRANK VANDERLIP TO BE SPEAKER AT UNION

Tonight at 8 o'clock Mr. Frank A. Vanderlip will speak in the Living Room of the Union, on the subject "America's Financial Obligations." Professor T. N. Carver, of the Department of Economics, will introduce Mr. Vanderlip. After an address this afternoon, at 2:30 o'clock, before the Business School Club in the Union, he will be the guest of honor at a dinner given by the Staplers, another Business School Club, in the Trophy Room of the Union, at 6.30 o'clock. Professors Taussig and Carver, and members of the Faculty of the Business School will be present. It is expected that 130 men will attend the dinner.

Mr. Vanderlip, when it became necessary for him to make his own way in life, started in by working in a machine shop; later joining the staff of the Chicago Tribune, first as a reporter, and later, as financial editor. "The Economist", a weekly financial paper, was the next step in his career; he was part owner and associate editor. Politics then drew his attention, and he entered this absorbing game modestly, taking the po- sition of private secretary to the Secretary of the Treasury, Lyman Judson Gage; three months later, however, he became an assistant secretary of the treasury.

In 1901 Mr. Vanderlip was elected to the vice-presidency of the National City Bank of New York, which position he held until 1909, when he became president. This office he held until the summer of 1919. After his election to the presidency he became director of a number of companies, among them the Union Pacific and the Oregon Shore Line Railroads.

Mr. Vanderlip went to Europe in 1918 to study financial and industrial conditions which had resulted from the war. He was a delegate to the International Conference of Commerce and Industry which was held at Ostend, Belgium; Mr. Vanderlip was also present at the peace conference.

Mr. Vanderlip is the author of "Chicago Street Railways," "The American Commercial Invasion of Europe," Business and Education," "Problems of Europe," and several other important financial and economic articles. In the summer of 1919, after his return from Europe, he wrote "What happened to Europe" which has been the cause of great discussion in New York financial circles