WALL STREET: First Is Last

The New York Curb Exchange last week lost the first paid president it ever had. It will not get another-at least not for a good long while. Main reason (outside of "economy"'): burly, eupeptic Banker George Peters Rea, 47, has done such a good job that there is virtually no need for a full-time successor, unless & until the biggest job of all-more business-is licked. And it takes more than a paid president to increase trading in stocks & bonds.

When George Rea left the presidency of the Bishop National Bank of Honolulu four years ago to head the Curb,...

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