"Man Without a Company"

Ever since Frank A. Vanderlip, former President of the National City Bank, Manhattan, made his startling speech anent official corruption in Washington, he has been resigning his many directorships one by one. His first retirement from the board of a prominent corporation followed a letter sent to him by J. Horace Harding, requesting his resignation from the Continental Can Co. Mr. Vanderlip went to the board meeting of the Company declaring that he would not resign, yet he did so when he discovered that his fellow-directors unanimously seconded Mr. Harding's request.

The precedent having been set, other corporations followed suit. Mr. Vanderlip has successfully resigned from the boards of the Union Pacific Railroad, the U. S. Rubber Co., Freeport Texas Co., and recently from the International Mercantile Marine Co. The Wall Street Journal suggested that Mr. Vanderlip is in a fair way to become "a man without a company."