Monday, May. 01, 1933
Personnel
Frank A. McKowne, president of Hotels Statler Co. Inc., Bernard Feurthmann Gimbel of Gimbel Bros. Inc., and William Francis Carey, president of Madison Square Garden Corp., were three of eight new directors of Manhattan's Fifth Avenue Coach Co. (buses) elected at the company's initiative to represent not the stockholders but "the public."
Newcomb Carlton, 64, president of Western Union Telegraph Co. was last week reported about to retire to the chairmanship, to be succeeded as president by Roy Barton White, president of Central Railroad of New Jersey.
Harrison P. Shedd (nephew of John Graves Shedd who in 1906 succeeded Marshall Field as president of Chicago's great Marshall Field & Co. store) last week after 37 years with Field's, became general manager of its wholesale department. At the same time Marshall Field issued its first quarterly report in history, showing a quarterly loss of $2,000,000, a smaller loss than in the same quarter last year when sales were 20% bigger.
Charles Francis Adams and Ogden Livingston Mills got seats on the directorates of General Electric and Mergenthaler Linotype, respectively.
George Willets Davison, chairman of Manhattan's Central Hanover Bank & Trust Co., last week was named to fill the place of Albert Henry Wiggin. retired chairman of Chase National Bank, on the board of Federal Reserve Bank of New York. Thomas John Watson, president of International Business Machines Corp., was named to fill the place of William Hartman Woodin.
Sidney Alexander Mitchell, son of Sidney Zollicoffer Mitchell, who lately resigned as chairman of Electric Bond & Share Co., was advanced from executive vice president to president of Bonbright & Co. Manhattan bond house.
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