Monday, Jun. 13, 1932
Personnel
Last week the following were news:
Robert Stanley Dollar, son of the late Capt. Robert Dollar, was elected president of United States Lines Co, of Nevada, successor company to Paul Wadsworth Chapman's United States Lines, Inc. (TIME, Aug. 17, et seq.). The new U. S. Lines was backed by the Dollar-Dawson-Roosevelt-International Mercantile Marine interests. Although Mr. Dollar will be president of the company as originally intended (business matters made him delay his election, William F. Humphrey, attorney for Herbert Fleishhacker temporarily took the post) the active management will be in the hands of Roosevelt Line officers: Philip Albright, Small Franklin, Kermit Roosevelt, John Merryman Franklin, Basil Harris, P. V. C. Mitchell, Andrew Curtein Fetterolf. From the I. M. M. board last week resigned John Pierpont Morgan and his partner Charles Steele, leaving the company without a Morgan representative for the first time since it was formed in 1893.
Allan Anderson Aitken, 42, younger brother of Lord Beaverbrook (William Maxwell Aitken, 53) was elected president of Price Brothers & Co. Ltd., 115-year-old Canadian newsprint and pulp firm, succeeding Lieut.-Colonel John Herbert Price, grandson of Founder William Price. Mr. Price was made operating vice president. He resigned from, the directorate, making way for Lord Beaverbrook. These and other changes were thought to mark assumption of the firm's management if not stock-control by Lord Beaverbrook. Significant were Lord Beaverbrook's statements that no mergers or combines were in the offing, that "Price Brothers will be the outstanding name in the newsprint industry of this country in the years to come."
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