National Credit Corp., cornerstone of President Hoover's Super Plan, began to function last week. Its twelve directors met for organization in the Federal Reserve Bank building in New York, elected officers, laid plans for smooth mechanical operation.
Elected board chairman was the largest man present, rotund George McClelland Reynolds of Chicago. Iowa-born 66 years ago, he is in his Sist year of banking. With his brother Arthur he built up the Continental Illinois Bank & Trust to fourth largest in the U. S., biggest outside New York. Famed as merger masters, the Brothers Reynolds...
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