Business & Finance: Pep

Great homage is poured out on the head of a large bank. Less homage goes to the president of a great life insurance company, and for no good reason except that it "does not seem as large." Consider, however, the New York Life Insurance Co.: it has assets of $1,789,000,000 (only three U. S. banks, Chase, Guaranty Trust and National City, surpass it in resources). The president of this 86-year-old corporation is a person of importance. When he goes in to his directors (on the second Wednesday of the month) there are among others...

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