Melvin Alvah Traylor (1878 – 1934) was an American lawyer and banker who became president of the First Union Trust and Savings Bank in 1928, which would go on to become Chicago's largest bank during his time, and became president of the American Bankers' Association.
Melvin Alvah Traylor
Traylor's appearance on the November 21, 1932 edition of Time Magazine
He was born on October 19, 1878, in Breeding, Kentucky. He was the eldest of seven children of James Milton Traylor and Kitty Frances Traylor née Harvey.
CareerEdit
He was admitted to the bar in Hillsboro, Texas, in 1901 and entered banking in 1908 when he became vice president of the Citizens National Bank of Ballinger, the bank merged with the Ballinger First National Bank in 1909 and Traylor became its president. He went on to oversee several banks around the United States and became president of the American Bankers Association in 1926 and later the first president of the First Union Trust and Savings Bank in 1928 which would go on to become Chicago's largest bank under his leadership in 1931. He was a strong proponent of a world bank and was a part of the American delegation to the conference that set up the Bank of International Settlements.
He spoke out on the financial causes of the Great Depression and gained national attention, appearing on the cover of Time Magazine on November 21, 1932.[1] He was considered a possible Democratic candidate for president in 1932 but he did not pursue this candidacy, though he received approximately 40 votes on each of the first three ballots at the convention.
He served as president of the American Bankers' Association, president of the Shedd Aquarium Society, and trustee of the Newberry Library, Northwestern University, and of Berea College.
Personal lifeEdit
He married Dorthy Arnold Yerby 8 June 1906 and they were parents of Melvin Alvah Traylor, Jr. and Nancy Frances Traylor.
DeathEdit
He died after a long battle with pneumonia on February 14, 1934, in Chicago, Cook Co. Illinois.[2]
^"Melvin A. Traylor, Banker, Dies at 55". The New York Times. February 15, 1934. pp. 1, 19. Retrieved April 5, 2022.
SourcesEdit
TSHA Online – Texas State Historical Association – Home at www.tshaonline.org
October 20, 2023
melvin, alvah, traylor, 1878, 1934, american, lawyer, banker, became, president, first, union, trust, savings, bank, 1928, which, would, become, chicago, largest, bank, during, time, became, president, american, bankers, association, traylor, appearance, novem. Melvin Alvah Traylor 1878 1934 was an American lawyer and banker who became president of the First Union Trust and Savings Bank in 1928 which would go on to become Chicago s largest bank during his time and became president of the American Bankers Association Melvin Alvah TraylorTraylor s appearance on the November 21 1932 edition of Time MagazineBorn 1878 10 19 October 19 1878Breeding KentuckyDiedFebruary 14 1934 1934 02 14 aged 55 Chicago IllinoisNationalityAmericanKnown forPresident of the American Bankers AssociationSpouseDorthy Arnold Yerby m 1906 wbr Children2 Contents 1 Early life and education 2 Career 3 Personal life 4 Death 5 Notes 6 SourcesEarly life and education EditHe was born on October 19 1878 in Breeding Kentucky He was the eldest of seven children of James Milton Traylor and Kitty Frances Traylor nee Harvey Career EditHe was admitted to the bar in Hillsboro Texas in 1901 and entered banking in 1908 when he became vice president of the Citizens National Bank of Ballinger the bank merged with the Ballinger First National Bank in 1909 and Traylor became its president He went on to oversee several banks around the United States and became president of the American Bankers Association in 1926 and later the first president of the First Union Trust and Savings Bank in 1928 which would go on to become Chicago s largest bank under his leadership in 1931 He was a strong proponent of a world bank and was a part of the American delegation to the conference that set up the Bank of International Settlements He spoke out on the financial causes of the Great Depression and gained national attention appearing on the cover of Time Magazine on November 21 1932 1 He was considered a possible Democratic candidate for president in 1932 but he did not pursue this candidacy though he received approximately 40 votes on each of the first three ballots at the convention He served as president of the American Bankers Association president of the Shedd Aquarium Society and trustee of the Newberry Library Northwestern University and of Berea College Personal life EditHe married Dorthy Arnold Yerby 8 June 1906 and they were parents of Melvin Alvah Traylor Jr and Nancy Frances Traylor Death EditHe died after a long battle with pneumonia on February 14 1934 in Chicago Cook Co Illinois 2 Traylor died February 14 1934 in Chicago Illinois Notes Edit Time magazine Melvin A Traylor Banker Dies at 55 The New York Times February 15 1934 pp 1 19 Retrieved April 5 2022 Sources EditTSHA Online Texas State Historical Association Home at www tshaonline org Retrieved from https en wikipedia org w index php title Melvin Alvah Traylor amp oldid 1159226070, wikipedia, wiki, book, books, library,
