Personnel

Last week the following were news:

Martin John Instill, 62, brother of Samuel Ins nil, 72, resigned as president of Middle West Utilities, notified the receivers that he would be subject to their call for assistance at any time. Charles Alexander McCulloch, co-receiver, resigned as chairman of John R. Thompson Co. (chain cafeterias) to devote more time to Middle West.

Arthur Reynolds, 64, resigned as chairman & director of Chicago's Continental Illinois Bank & Trust Co. ("biggest bank under one roof), also as chairman of the bank's securities affiliate and of Continental Chicago Corp., investment trust. As bank chairman he was succeeded by his elder brother George McClelland Reynolds, 67, who lately retired into the position of chairman of the executive committee. La Salle Street recalled old rumors that Arthur Reynolds had quarreled with the directors but he insisted: "There is nothing to be read between the lines about my resignation. ... I resigned in spite of the fact that the directors urged me to stay. ... I am leaving the bank because of impaired hearing. . . . The dampness of the climate here affects my ears."

Still La Salle Street said to itself: "Might as well say Martin Insull resigned because of dandruff."

Arthur Reynolds followed the footsteps of his large brother George in banking for many years. He became president of Des Moines National Bank in 1897 after his brother left that position to enter Chicago's Continental National. When George Reynolds left Continental's presidency in 1920 to become chairman, Arthur succeeded him. Chicagoans now waited to see how long it would be before aging Brother George followed Brother Arthur's footsteps, leaving Continental Illinois Reynoldsless.

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