Names make news. Last week these names made this news: Wealthier than most college presidents is Columbia's Nicholas Murray ("Miraculous") Butler, with a salary which has been estimated to be as high as $100,000 a year. He is regarded as a shrewd businessman, has been a director of New York Life Insurance Co. for 18 years. Two years ago Dr. Butler closed out a brokerage account of some $300,000 on which he owed his broker $126,000. He borrowed the $126,000 on an unsecured note from Harriman National Bank & Trust Co., at the same...
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