With "extreme regret" President Hoover lost a fourth member of his original Cabinet last week. Chicago's Robert Patterson Lamont resigned as Secretary of Commerce.* Next day Charles Michael Schwab, Bethlehem Steel's chairman, announced that Mr. Lamont would be elected president of the American Iron & Steel Institute (see p. 35).
To head the Commerce Department, closest to his heart of all executive agencies, President Hoover turned to Detroit, picked breezy, bustling, ambitious Roy Dikeman Chapin, board chairman of Hudson Motor Car Co. Long have Mr. Chapin's friends known of his yearning for...
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