Personnel

Last week the following were news:

P: Elected to the board of the New York Central R. R. at its annual meeting in Albany, N. Y. was Thomas Jefferson Coolidge, new chairman of Boston's Old Colony Trust Co. and a member of that exclusive group of successful young men who served the New Deal only to part with it over fiscal policy. Others: James Paul Warburg, Dean Acheson, Lewis Douglas.

P: Son of a German-born Boston milk-dealer, Archibald Robertson Graustein whisked through Harvard Law School by the age of 21; at 25 was partner in the Boston law firm of Ropes, Gray, Boyden & Perkins, at 39 was president of International Paper Co., world's largest paper maker. Last year Mr. Graustein and International Paper parted company (TIME, Feb. 17, 1936), and Mr. Graustein began 'practicing corporate law in Manhattan. Last week, at 51, he was appointed special counsel in charge of corporate reorganization for the U. S. Maritime Commission, now busy in Washington on the vast job of subsidizing and coordinating the doddering U. S. merchant marine (TIME, March 22).

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