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With Aniline in good hands, Custodian Crowley seized two other alien properties last week, and also appointed a new deputy custodian. The deputy: James Markham, a tall, grey-haired lawyer from Lowell, Mass., who has been a Crowley crony since he went to be Solicitor for Crowley's FDIC in 1933. The seizures:
>The half-interest in Magnesium Development Corp. formerly owned by I. G. Farben. Alcoa, which owns the other half of patent-holding Magnesium Development, fabricator American Magnesium Corp., producer Dow Chemical and American Magnesium are up to their ears in an anti-trust action in which the Justice Department is alleging a plot to limit magnesium production in the U.S. Expected this week was a consent decree, to be signed by all parties.
>The alien control of Luscombe Air plane Corp., almost all in the hands of Leopold H. P. Klotz, now of New York City, formerly of Liechtenstein. Luscombe also got a new chairman (Chicago investment banker Matthew J. Hickey) and president (Lee N. Brutus, production man from Waco Aircraft). The seizure was at the express request of the U.S. Navy, for whom tiny Luscombe makes trainers and engines.
*About two months ago, Bill Bullitt quietly resigned from the board chairmanship, returned the first (and only) payment on his $12,000 a year salary.