SHIPPING: President's President

The presidency of the $66,800,000 American President Lines, Ltd., which is Government-owned but privately operated, has always been a political plum. When onetime Assistant Secretary of State Henry F. Grady resigned as president last April (to become the first U.S. Ambassador to India), he hoped for a break with tradition. He announced that he expected to be succeeded by Executive Vice President E. Russell Lutz, no politician. He was wrong. Last week, to fill the $25,000-a-year vacancy, the company chose lean-faced, natty George L. Killion, 46, treasurer of the Democratic National Committee.

Like Grady and preceding political heads, Killion took...

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