Business & Finance: Twelfth Billionary

Nicholas Frederic Brady, 49, Chairman of the Brooklyn Edison Co., was in Rome last week. He had been in its vicinity for several weeks and expected to be there about a month longer. But in his offices at 80 Broadway, Manhattan, close to noon one day last week, were other directors of his $153,000,000 company which supplies without competition all the electric light and power that Brooklyn, a district of 2,250,000 people uses. Brooklyn Edison directors were agreed with Chairman Brady and his very important co-director John D. Ryan (of Anaconda Copper fame) that their company should sell out to...