Personnel

Last week the following were news: William McCormick Blair, first cousin of Publisher Robert R. McCormick of the Chicago Tribune, graduated from Yale in 1907. That year a bright young Chicagoan named Francis Augustus Bonner graduated from Harvard. Yaleman Blair worked in Chicago's Northern Trust Co., famed training ground for brokers and bankers, then joined Lee, Higginson & Co. Harvardman Bonner became financial editor of the defunct Chicago Evening Post, a railroad statistician, then also joined Lee, Higginson. Last week Mr. Blair, 50, and Mr. Bonner, 49, teamed together to form the underwriting and general securities house of Blair, Bonner & Co.

Seventh president of the Pennsylvania Railroad (1899-1906) was Alexander Johnston Cassatt, "the brains of the Pennsylvania," who launched the campaign that drove the Pennsy under the Hudson River into Manhattan. His son Robert Kelso Cassatt went into the family banking and brokerage firm of Cassatt & Co. Last week Cassatt & Co. announced it would discontinue its brokerage business to become a general investment company. Senior Partner Cassatt and Partner Joseph Walker Wear, Philadelphia socialite, will become partners in the brokerage house of E. A. Pierce & Co., largest wire firm on the New York Stock Exchange.

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