PERSONNEL: Collegian Director

Homeric was the proxy fight launched by tall, studious Langbourne Meade Williams Jr. in 1928 before the ink was fairly dry on his Harvard Business School diploma. On his side was the family banking house into which he had been born 25 years before, the firm of John R. Williams of Richmond, Va. On the other was the established, close-mouthed management of the $19,303,681 Freeport Texas sulphur syndicate headed by old E. P. Swenson, onetime board chairman of Manhattan's powerful National City Bank.

Starting his campaign without help from Manhattan brokerage houses,...

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