Henry White Cannon (September 27, 1850 – April 27, 1934) was a United States Comptroller of the Currency from 1884 to 1886.
Early life
Cannon was born in Delhi, New York, on September 27, 1850. He was the son of George Bliss Cannon (d. 1890),[1] the postmaster of Delhi during the Grant administration who was a close personal friend of Horace Greeley,[2][3] and Ann Eliza (née White) Cannon.[4] His brother was James Graham Cannon (b. 1858), also a prominent banker in New York,[3] was married to Charlotte Baldwin Bradley.[5]
Cannon studied at the Delaware Literary Institute, then became a clerk and teller in the First National Bank in Delhi.[3] In 1870, he moved to St. Paul, Minnesota, where he became a teller in the Second National Bank. A year later, the 21 year old Cannon organized the Lumberman's National Bank at Stillwater and served as president for thirteen years.[2]
Government service
In 1884, Cannon was appointed Comptroller by President Chester A. Arthur to succeed John Jay Knox.[a] After only a few months in office, he was confronted by the financial panic of 1884.[3] Due to Cannon's efforts, the crisis was averted because the New York Clearing House Association quickly extended credit to threatened banks. After Grover Cleveland was elected president, Cleveland requested he stay in his role,[3] however, Cannon resigned and William L. Trenholm was appointed to succeed him.
After resigning from the government, Cannon moved to New York City and joined the National Bank of the Republic as vice-president where his predecessor Comptroller, John Jay Knox, served as president.[3]
Cannon was associated with James J. Hill, who bought control of Chase National Bank of New York in 1886. Cannon was later elected as the second president of the Bank, succeeding John Thompson, who founded the bank in 1877.[2] In February 1904, he became chairman of the board, and was succeeded as president by A. Barton Hepburn, another former Comptroller of the Currency. Cannon remained chairman of the board until February 1911, retaining his directorship around 1933.[2]
In 1892, Cannon and his wife were included in Ward McAllister's "Four Hundred", purported to be an index of New York's best families, published in The New York Times.[9] Conveniently, 400 was the number of people that could fit into Mrs. Astor's ballroom.[10]
His wife, known for her forceful and talented speaking skills, was a prominent suffragist who advocated for the right to vote for women,[15] and in 1915 was the Delaware County Suffrage Leader,[16] providing the club with its headquarters.[17] Jennie later served as the vice-president of the National American Woman Suffrage Association.[17]
In September 1930, Cannon, then an eighty-year-old widower, married Myrta L. Jones of Cleveland.[18]
Cannon died on April 27, 1934, in Daytona Beach, Florida.[2] He was buried in Delhi, New York.[19] His estate was left to his widow and sons in one-third shares after specific bequests.[20]