Business & Finance: President Crowley

The election of Patrick E. Crowley to the Presidency of the New York Central Railroad (TIME; April 14) was interpreted as revealing the policy of the company's directors in favoring succession in office of operating executives. Since Chauncey M. Depew, a lawyer, was President, all his four successors—Samuel R. Colloway, William H. Newman, W. C. Brown and the late A. H. Smith—have been operating men.

Secondly, the Board is believed to have taken into consideration Mr. Crowley's popularity in the rank and file of Central employees, in which he resembles the late Mr. Smith....

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