PERSONNEL: Young Men, Old Names

Last week two young men with old names prepared to start new Wall Street jobs.

Paul Felix ("Piggy") Warburg, 35, urbane, waffle-cooking nephew of the late Paul M. Warburg, a founder of the Federal Reserve System, became a partner in the Manhattan brokerage house of wealthy, art-loving Jules S. Bache. Warburg's father, the late Felix M. Warburg, made his mark in Wall Street as the senior partner of Kuhn, Loeb & Co., in the days when that firm's worldly old Otto Kahn was guiding K-L to new heights in railroad financing and piloting...

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