Business: Personnel: Jan. 4, 1932

Last week the following were news: Lloyd Waddell Smith, 61, resigned as board chairman of Chase Harris Forbes Corp. to the surprise of Wall Street. Admitted to the bar after graduation from Harvard Law School he never practiced but entered the old Chicago firm of N. W. Harris & Co. in 1899. He stayed on after the company became Harris, Forbes & Co. in 1911. He was made board chairman in 1923, held the same position after Harris, Forbes was consolidated with Chase Securities Corp. last year....

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