THE ADMINISTRATION: For an Old Rugby Player

Harry Truman picked a mild-appearing man last week for what might well turn out to be one of the nation's roughest, toughest jobs: bossing the new Economic Stabilization Agency. The precarious honor went to meteoric Alan Valentine, who quit the presidency of the University of Rochester last June chiefly because he was not sure (at 49) that he had made the right choice of a career.

Behind Valentine was a life spent in universities, with some side trips into politics and into the business world. A Quaker, born in Glen Cove, N.Y., he went to Swarthmore where he played three...

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