PERSONNEL: BORROWED BONDS

One of the prides of Hartford, Conn. is Hartford Electric Light Co., nationally known as a model utility. It has no truck with holding companies, has only common stock (few bonds), has constantly slashed its rates. Head of this white sheep of the utility industry has long been genial old Samuel Ferguson, who four years ago moved up to chairman, turned over the presidency to handsome, Danish-born Viggo E. Bird. Last week, to Hartford's openmouthed horror, Viggo Bird turned out to be an embezzler.

This was the closest scandal had ever come to Hartford Electric Light Co. and it went no...

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