Personnel

Last week the following were news: Owen D. Young, chairman of General Electric (recently ordered by court decree to rid itself of its Radio Corp. stock), was denied by Attorney General Cummings the right to continue on the Radio Corp. board--unless he resigned from General Electric. Beneficent utilitarian though Owen D. Young may be, not even he is permitted to be an interlocking director.

Charles Edwin Mitchell, former chairman of National City Bank, Manhattan, now under indictment for tax evasion, and Clarence Dillon of Dillon, Read & Co. (a director of Chase National Bank) both resigned last week from the board of American & Foreign Power, great and unprofitable subsidiary of Electric Bond & Share, of which Sidney Zollicoffer Mitchell (no kin) was chairman till two weeks ago.

Walter P. Chrysler, Alfred Pritchard Sloan Jr., Frank Couzens (son of the Senator) are three of the 13 directors of the new National Bank of Detroit which two weeks ago succeeded the closed Guardian and First National Banks. Others: Donaldson Brown, vice president of General Motors; Henry Edward Bodman, Detroit lawyer; John Battice Ford Jr. (no kin of Henry), vice president of Michigan Alkali Co.; James Inglis, chairman of American Blower Corp.; Tracy W. McGregor, Detroit philanthropist; James Thayer McMillan, president of Detroit & Cleveland Navigation Co., vice president of the Detroit Free Press; Peter J. Monaghan, Detroit lawyer; James Stansbury Holden, president of the Detroit Real Estate Board; Stanley Reed, Washington lawyer; Robert Perry Shorts of Saginaw, Mich. Not counting Messrs. Chrysler, Sloan and Brown (who have offices in Manhattan) there are no New Yorkers on the board. Henry Ford, while not a director, helped the new bank by making a deposit of $1,000,000.

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