Personnel

Last week the following were news: William G. Mather, Cleveland tycoon, president of Cleveland-Cliffs Iron Co. (miner of iron ore in Minnesota and Michigan, operator of a fleet of 20 Great Lakes freighters, manufacturer of charcoal and wood chemicals), last week retired from active management of the company which was given him in 1891 by his father, the founder. Elected to the newly created post of chairman, he was succeeded as president by Edward B. Greene, chair-man of the executive committee of Cleveland Trust Co.

Fortune Peter Ryan, 23, son of Allan A. Ryan who in 1920 cornered Stutz Motors stock, and grandson of the late famed Thomas Fortune Ryan, financier, bought a seat on the New York Curb Exchange.

Alfred E. Smith accepted chairmanship of a board of directors which included Clendenin J. Ryan Jr. & Allan A, Ryan Jr. (cousin and brother of Fortune Peter Ryan), John Hay ("Jock") Whitney, Howard G. Gushing, Major Talbot O. Freeman, A. Newbold Morris, Walter S. Mack Jr. and other socialite young businessmen. They formed Federal Broadcasting Corp. to operate station WMCA in New York City, hoped to form a chain of eleven stations extending as far west as St. Louis. President of the company is John T. Adams, former associate of Donald Flamm, owner of the station. Object : to make a good thing out of the boom in radio advertising expected to follow Recovery.

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