Personnel

Last week the following were news:

P: When the U. S. entered the World War Leon Fraser, then 25 and a professor of public law at Columbia University, enlisted as a private. After landing in France he was a major and later became first assistant judge advocate in the Service of Supply with the rank of major. Out of the War with numerous decorations, Leon Fraser sprouted as an international lawyer amid Reparations and War Debts. His success as counsel to the U. S. bigwigs in the Dawes and Young Plan negotiations led to his appointment as vice president and director of the Bank for International Settlements ("The World Bank") at Basle, Switzerland in 1930. Three years later, at 43, he became president, continued his habits of cutting red tape. In 1935 Mr. Fraser retired from B. I. S. to take the vice-presidency of Manhattan's rich, conservative First National Bank ("The Baker Bank"), his first job as a commercial banker. Last week, First National's chairman, George Fisher Baker, son and namesake of the founder, announced that President Jackson Eli Reynolds, 63, would retire Jan. 1 at his own request, would be succeeded by Vice President Leon Fraser.

P: Leon Fraser's Dutch successor as president of the Bank for International Settlements, Leonardus Jacobus Anthonius Trip, 60, last week informed the World Bank's directors he would resign at the end of the fiscal year. Nominated for his job was another Dutchman, J. W. A. Beyen, vice president.

P: Home last week from a 36,466-mile round-the-world business trip by air, during which he arranged for U. S. planes to fly regularly between Manila and Hongkong, Juan Terry Trippet 36, president and general manager of Pan American Airways, was elected a director of Chrysler Corp. Not because he is a heavy stockholder, not because Chrysler is becoming interested in aviation, young Mr. Trippe was invited into the No. 3 motors directorate because Walter P. Chrysler, who often sees his neighbor and tenant at lunch in the Cloud Club atop the Chrysler Building, believes in surrounding himself with leaders in other industries.

P: Promoted from the vice presidency to presidency of New York Life Insurance Co. (assets: $2,243,587,000) was Alfred Lawrence Aiken, 66, succeeding popular Thomas Aylette Buckner, 71. A graduate of Yale (1891), Mr. Aiken worked for New York Life for five years before taking a bank job in Boston in 1899. During the War, he was governor of the Boston Federal Reserve Bank, in 1917 resumed his connection with New York Life as a director. In 1924 he left Boston and banking to become a New York Life executive.

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