Business: DON'T GET PANICKY

AS ITS new president, the " U.S. Chamber of Commerce last week elected St. Louis Banker William A. McDonnell, 63, chairman of the city's First National Bank and director of McDonnell Aircraft Corp., of which his brother James S. McDonnell Jr. is president. An Arkansas cotton merchant's son, who peddled papers as a child "because I wanted to stand on my own two feet"—and now keeps them both conservatively on the ground—Banker McDonnell graduated (summa cum laude) from Vanderbilt University in 1917, worked up through Little Rock banks before moving to St. Louis in 1944, where he became the First National's...

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