Business & Finance: Young President

The younger brothers of Cinderella are so frequently found and fitted with a slipper of gold instead of glass, that the tale has lost its edge. Yet, last week, Wall Street men perused with interest the news that 36 year-old Robert Livingston Clarkson had been elected president of the second largest U. S. national bank, the Chase National,* in Manhattan. He had, they learned with no surprise, begun his financial career by functioning as a runner for $4 weekly. Furnished by newssheets only with this familiar detail, some wondered what filled in...