One evening last week, President Francis Adams Truslow* of the New York Curb Exchange called an old friend in Washington and offered him a big job. The friend: 40-year-old Securities & Exchange Commissioner Edward T. McCormick. The job: the $40,000-a-year presidency of the Curb.
Truslow explained that he was resigning to join a two-man State Department commission to look into Brazil's opportunities for self-liquidating projects in power, transportation and agriculture and had recommended McCormick as his successor. Was McCormick interested? He was. Next day, the Curb's board of directors named him president.
A Phi...
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