When Edward Henry Harriman Simmons, president of the New York Stock Exchange, was elected in 1929 for the sixth consecutive term, he made it clear that never again would he consent to nomination. Immediately the Governors of the Exchange started grooming Vice President Richard Whitney for the position.
Vhen the market broke while President Simmons was honeymooning in Honolulu, it was upon Mr. Whitney, acting president, that all the responsibility fell. So well did he manage things that the governing committee passed a resolution praising him for...
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