Last week the following were news:
John G. McCrory, 73, founder of McCrory Stores Corp. (5¢-&-10¢ chain), resigned as board chairman that he might be free to bid for the bankrupt properties. Farm-born Merchant McCrory, who opened his first store in Scottdale, Pa. in 1882 and who branched until he had peppered the East and South with 244 units, sold control to Merrill, Lynch & Co. two years ago. Because it could not obtain usual seasonal bank financing, the chain was placed in bankruptcy last January.
Amadeo Peter Giannini, No. 1 U. S. branch-banker and John Francis Neylan, oldtime San Francisco newsman...
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