PERSONNEL: New Presidents

In 1903 the youngest attorney general in New Jersey history, 36-year-old Thomas Mesbitt McCarter, resigned to merge the State's helter-skelter trolley and transmission lines into one concern. Today his Public Service Corp. of New Jersey is the biggest company operating entirely in the State (total assets: $686,000,000). Founder McCarter's shock of hair has turned from red to white, but his bulky, florid personality is still as dominant as ever.

At last week's directors' meeting President McCarter declared: "I feel that the time has come when I should lighten up a little." Obedient as...

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