Personnel

Last week two educators were business news:

President James Rowland Angell of Yale accepted the vacant chair of Calvin Coolidge on the board of New York Life Insurance Co. (where he will be a colleague of President Nicholas Murray Butler of Columbia). Dr. Angell's feelings: "Life insurance ... is one of the great triumphs of modern civilization."

Dean Harry Augustus Bigelow of the University of Chicago Law School was appointed trustee of bankrupt Insull Utility Investments, Inc., after Calvin Fentress and William W. Wheelock had been disqualified by Judge Wilkerson because they were elected by the debenture holder's protective committee, supposedly partial to the Insulls. Dean Bigelow's feelings: "Begin at the bottom and work my way up."

Other changes:

George Alfred Ranney, vice president of International Harvester, author of some of its clear, frank financial statements, director of Chicago's First National Bank, and great, golf-playing friend of Melvin Traylor, accepted an offer to become vice chairman and financial head of Commonwealth Edison, Peoples Gas Light & Coke, Public Service of Northern Illinois--posts recently held by Samuel Insull Jr.

Chicago's Stanley Field, under indictment for his Insull connections, resigned as chairman of Continental Illinois National Bank & Trust Co. and his directorships in Public Service and Commonwealth Edison (onetime Insull companies).

Winthrop Williams Aldrich, Cornelius Vanderbilt III, Matthew Chauncey Brush and Charles E. Richardson resigned as directors of Fox Film Corp. to make way for Senator Daniel O. Hastings of Delaware (receiver for General Theatres Equipment, Inc., which controls Fox) and several Fox officials. No change of control was signified, but gentlemen had a natural desire to retire from a directorate on which the limelight of Senatorial investigation may soon be playing.

Ogden Livingston Mills, ex-Secretary of the Treasury, large holder of National Biscuit stock inherited from his father, became a National Biscuit director.

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