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¶ Appointed a director of the New York Federal Reserve Bank was Owen D. Young, who was dropped last December after 13 years' service when the Federal Reserve Board refused to reappoint men who had sat on Reserve directorates for more than six years. Mr. Young's return to Reserve service not only marked a reversal of a much-criticized policy: it also provided the Board with a suitable figure to act as chairman of the New York Reserve Bank. Last winter Reserve Board Chairman Marriner Eccles ap-Brothers and Floyd Bostwick Odium's Atlas Corp. in the Paramount reorganization. Mr. Fortington quit after a split on an involved question of profit-sharing arrangements with theatre operators, departed for Labrador, where he owns a salmon river. Whether Joe Kennedy has any suggestions for resignations will not be known until his final report is published. More comforting to the directors would be suggestions of likely candidates for the Paramount command in the meantime.
*Fortnight ago Angostura-Wupperman Corp. announced that Gobel was using Angostura Bitters to flavor its meats. Said 84-year-old President Josephine Wupperman, whose son, Cinemactor Frank Morgan (Francis Phillip Wupperman), is a vice president: "Isn't it strange how these things happen? Gobel, the great sausage maker, and my father-in-law, the pioneer traders in the great cattle of the Orinoco, were both Adolf—Adolf Gobel and Adolf Wup-perman—Wupperman in the town of Angostura, Venezuela, and Adolf Gobel in New York, both building on a lasting foundation for the benefit of humanity. Now at this late date, Gobel sausages and Angostura are linked—sausage links, if you like it that way."