Business & Finance: Answers .For Armourites

Pestered by questions of minority stockholders who upset his plan for recapitalizing Armour & Co. (TIME, Sept. 11), President T. (for Thomas) G. (for George) Lee last week gave out answers as he had promised. Dissenting stockholders had intimated that Bankers Samuel McRoberts of Manhattan's Manufacturers Trust Co., Albert H. Wiggin, ex-chairman of Manhattan's Chase National, and Arthur Reynolds, ex-chairman of Chicago's Continental Illinois, had each received $100,000 a year for merely voting Armour stock as voting trustees.

Mr. Lee reported that as members of Armour & Co.'s Finance Committee Mr. McRoberts had...

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