Personnel

Last week the following were news: Lloyd Waddell Smith, 61, resigned as board chairman of Chase Harris Forbes Corp. to the surprise of Wall Street. Admitted to the bar after graduation from Harvard Law School he never practiced but entered the old Chicago firm of N. W. Harris & Co. in 1899. He stayed on after the company became Harris, Forbes & Co. in 1911. He was made board chairman in 1923, held the same position after Harris, Forbes was consolidated with Chase Securities Corp. last year. Many a farmer boy has become a Manhattan banker. Banker Smith will reverse the process, go back to farming on his estate of several thousand acres near Madison, N. J. where he was born. He is a serious collector of Americana, owns hundreds of George Washington's letters, also many rare books, manuscripts and documents of the period. He has a big collection of Indian relics, more than 30,000 stone implements, all collected in New Jersey. Recently he paid $250,000 for a Revolutionary camp site near Morristown which he is going to give to the U. S. for a National Park. Another of his philanthropies: $100.000 to Princeton University for an accurate, exhaustive history of New Jersey. William B. Cardozo, 66. was elected a director of City Bank Farmers Trust Co. after 50 years of service with the company and its predecessor. Farmers Loan & Trust Co. Banker Cardozo is a cousin of Judge Benjamin Nathan Cardozo of the New York State Court of Appeals, has been a vice president of the trust company since 190.9.

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