New York, the metropolis : its noted business and professional men. . advice and finance righted 1885 another problem involving much work and dis-crimination itself to Comptroller Cannon forsolution. The charters of 800 banks expired and beforethey could be renewed it was necessary to have a thoroughexamination of their accounts by experts and advised thatcharters be refused them unless such accounts were foundsatisfactory. In his subsequetit report to the President heoffered suggestions on the state of the bank and monetaryaffairs, generally, which were adopted and their
New York, the metropolis : its noted business and professional men. . advice and finance righted 1885 another problem involving much work and dis-crimination itself to Comptroller Cannon forsolution. The charters of 800 banks expired and beforethey could be renewed it was necessary to have a thoroughexamination of their accounts by experts and advised thatcharters be refused them unless such accounts were foundsatisfactory. In his subsequetit report to the President heoffered suggestions on the state of the bank and monetaryaffairs, generally, which were adopted and their adojjtion wasof incalculable service lo the country. Though Mr. Cannonis a Republican and was a])pointed by a Rejiublicanadministration the advent to power of President Cleveland(lid not affect him. as Comijtroller Cannon was too usefulan oftici il. Mr. Cleveland invited him to remain until theend of the six year term. As, however, the financial jiolicyhe advocated was not carried out by Secretary Manning,he resigned in 1886 and returned to active life and accepted. MoiropobBn hiilishmg aEngravinj Co J NEIV YORK, THE METROPOLIS. 19 the Vice-Presidency of the National liunls of the Rcimljiicin New York City, of which his friend and predecessor inoffice—John Jay Knox—was tlie President. Soon after heacce|)ted the Presidency of the Chase National Hank, aposition he now holds. Mayor Grant appointed him anAqueduct Commissioner, and the appointment was metwith universal approval, for Mr. Cannon is very popular inNew York. He is also a member of the Clearing HouseExecutive Committee and in January, 1891, was made byPresident Harrison a member of the Assay is member of the Union League Club, the CenturyClub, .Sons of the Revolution, the New Kngland Society,Royal Statistical Society, be-longs to the Kane MasonicLodge, and is conne ted withmany social,Benevolent,Scien-tific and Art Associations. The latest service renderedhis country by Mr. Cannon hasbeen i
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