"No significance," said Waddill Catchings when, last week, he resigned from the presidency of Goldman, Sachs Trading Corp., $250,000,000 investment trust, and resigned also his membership in the firm of Goldman, Sachs & Co. Always noncommittal are resignations and always open to question are inferences from them. Yet withdrawals were no part of Mr. Catchings' work during the brave days of 1929, when the "new era" group of Market men maintained that soaring stock prices represented the legitimate reflection of prosperity and progress.
Few "new era"...
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