When Morgan-Partner Harold Stanley resigned fortnight ago from the board of United Corp.'s potent affiliate, Niagara Hudson Power Corp., it was explained that Niagara Hudson wanted to replace bankers on its directorate with utilitarians and businessmen familiar with the localities in which its subsidiaries operated. Month before another of United's big affiliates, Commonwealth & Southern Corp., accepted the resignation of three bankers for the same reason. Last week the directors of United, a majority of whom are bankers, met in Manhattan and reversed the process....
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