Business: Wiggin Out

"I shall be 65 years old on Feb. 21 next. The annual meeting of the bank will take place Jan. 10. I think it appropriate, and I accordingly request, that ... I be not re-elected as chairman of the governing board. . . ." Thus did the head of the world's largest bank tender his resignation last week.

Albert Henry Wiggin went to Chase National Bank as a vice president & director nearly 29 years ago. Tall, heavy, slightly popeyed, he entered banking without benefit of college at 17. At 23 he was an...

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