Personnel

Last week the following were news:

George Bruce Cortelyou Jr., whose father is chairman of Consolidated Gas Co. of New York and was Secretary of the Treasury in Roosevelt's cabinet, resigned as president of Distributors Group, Inc., sponsors of North American Trust Shares.

Hurlbut William Smith, one of the founders, was elected chairman of the executive committee and of a management committee of L. C. Smith & Corona Typewriters, Inc. Elwyn Lawrence Smith, his nephew, was made assistant to the president. The changes marked the reacquisition of the company's management by Syracuse's Smiths.

George Keenan Morrow resigned as chairman of Ward Baking Corp. and his brother Frederick Keenan Morrow resigned as president. The Morrows and their associates acquired control of the company from the Ralph Sherlock Kent group in 1931 after a protracted proxy battle (TIME, Feb. 16, 1931). The resignations were made in order that the Morrows can devote more time to "other interests," probably the tangled affairs of United Cigar Stores Co. of America now in bankruptcy. They suggested that Banker Charles Hayden (Hayden, Stone & Co.) be named chairman of Ward, offered to remain on the executive committee.

Lee E. Olwell resigned as vice president of Manhattan's National City Bank to become vice president & publisher of the New York Evening Journal (Hearst). He succeeds Edward Marshall Swasey, now representing Hearst's American Weekly on the Pacific Coast.

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