Business & Finance: Personnel: Jan. 28, 1935

Last week the following were news:

At the age of 18 months, lusty, Boston-born Leon Fraser was adopted by a wealthy couple named Bonar. At 20 he flunked out of Columbia University, returned the next year to win every money prize offered for scholarship. A lawyer by training, he had never worked in a bank that received or paid out cash when, at 43, he was elected president of the Bank for International Settlements. B. I. S., known as the "Bank without a Vault,"* had been handling Reparations payments under the Young Plan. When...

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