Last week the following were news:
Vice President Jesse Louis Lasky resigned in a huff from Paramount Publix Corp. Last week Paramount reported a $5,900,000 loss for the three months ended July 2.
Graver C. Neff, chief operating executive of Wisconsin Power & Light Co., was made president of Middle West Utilities Co., succeeding Martin John Insull.
Noah Haynes Swayne, 60, resigned as president of Burns Bros., largest coal distributor in the U.S. ("Burns Coal Burns'"). An oldtime anthracite man, Mr. Swayne has held high positions in many coal trade associations and clubs, is known as a clever postprandial speaker. He has delivered several sermons in Philadelphia churches. He possesses an excellent bass-baritone, has gone on tours singing Negro songs, lecturing. His father was General Wager Swayne, Military Governor of Alabama after the Civil War and founder of Swayne Hall at Talladega, Ala., first Negro college in Alabama. His brother is Alfred Harris Swayne, vice president of General Motors Corp. Mr. Swayne became president of Burns Bros, less than two years ago. Since his election there has been warm strife between the company and certain stockholders seeking a receiver. Last week this group said it was pleased with the resignation.
Dawes National Bank, which may or may not be the final name of the new bank being started by General Charles Gates Dawes (TIME, Sept. 12), reached a point where shares were being sold by a syndicate headed by Harold Leonard Stuart of Halsey, Stuart & Co., Col. William Franklin Knox, publisher of the Chicago Daily News and Rawleigh Warner, vice president of Brothers Beman and Henry Dawes's Pure Oil Co. The organizing committee was said to include President Sewell Lee Avery of both U. S. Gypsum and Montgomery Ward, Owen D. Young, President Robert E. Wood of Sears, Roebuck and President Philip Ream Clarke of Central Republic Bank & Trust Co., stockholders in which will have an opportunity to buy shares in Banker Dawes's new venture.
Fred L. Rockelman, president and general manager of Plymouth Motor Corp., resigned to become associated with Continental Motors Corp. in connection with "a new development."