Henry W. Cannon
Encyclopedia
Henry W. Cannon was a United States Comptroller of the Currency from 1884 to 1886.

Cannon, a Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...

 banker, was named Comptroller by President Chester A. Arthur
Chester A. Arthur
Chester Alan Arthur was the 21st President of the United States . Becoming President after the assassination of President James A. Garfield, Arthur struggled to overcome suspicions of his beginnings as a politician from the New York City Republican machine, succeeding at that task by embracing...

. After only a few months in office, he was confronted by the financial panic of 1884.

A nationwide crisis was averted because the New York Clearing House Association quickly extended credit to threatened banks. After Grover Cleveland
Grover Cleveland
Stephen Grover Cleveland was the 22nd and 24th president of the United States. Cleveland is the only president to serve two non-consecutive terms and therefore is the only individual to be counted twice in the numbering of the presidents...

 was elected president, Cannon resigned and joined the national bank where former Comptroller John Jay Knox
John Jay Knox
John Jay Knox was an American financier, born in Knoxboro, New York. He graduated from Hamilton College in 1849 and entered the banking business.He was a vigorous supporter of the national banking plan of Treasury Secretary Salmon P. Chase...

 served as president. Cannon was later elected president of the Chase National Bank of New York. He became chairman of the board in 1904, and was succeeded as president by A. Barton Hepburn
A. Barton Hepburn
Alonzo Barton Hepburn was a United States Comptroller of the Currency from 1892 to 1893....

, another former Comptroller of the Currency.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK