Business & Finance: Personnel: Feb. 15, 1937

  • Share
  • Read Later

Last week the following were news:

¶ Out of textiles, in which he made $20,000,000, massive, elegant Myron Charles Taylor went to banking and thence to the chairmanship of U. S. Steel Corp. in 1932. Last fortnight another textile man became a director of U. S. Steel. Almost 20 years younger than Mr. Taylor and still owning an interest in the department store his father owned in Nashville, Tenn., George Arthur Sloan became a U. S. notable in June 1933, when as president of the Cotton-Textile Institute he walked into the White House with the first NRA code ever drafted. His trade association experience later included the big textile strike of 1934, during which picketers outside his Manhattan office sang: "We will hang George Sloan to a sour apple tree." An apostle of NRA cooperation, he predicted "inflation, chaos" on its demise. Since his resignation from the Institute in 1935, he has made money as a selling agent for textile manufacturers, has spent more time at his summer place in swank Greenwich, Conn. Now 43, tall, dapper, greying, he is correctly affable and forceful, smart as a whip. In an editorial entitled "Big Business Looks Ahead," the Wall Street Journal sermonized on his election to Steel's board as "an example of the increasing consciousness on the part of business management of the importance of labor relations."

¶ It is an error to think that Ely Culbertson and Milton C. Work were responsible for making bridge a national frenzy. If any one man was responsible, it was Clifford E, Albert, who was last week rewarded with promotion to the presidency of Cincinnati's snug little U. S. Playing Card Co., succeeding Arthur R. Morgan, who retired to the chairmanship of the executive committee. Cardman Albert devised the bridge broadcast plan, whereby players in the home follow the game in the studio play by play. At one time U. S. Playing Card was promoting bridge in this fashion through 155 stations in the U. S., 15 in Canada. So popular did the broadcasts become that nearly 200 newspapers reprinted the studio games for their bridge fans. Today Cardman Albert believes that the trend will turn toward old num- bers like hearts, poker, pinochle, where individual skill is more important than teamwork. So long as the U. S. plays cards Mr. Albert does not care what the game happens to be. For years his com pany has made more than one-half the decks sold in the U. S. (last year's total: 42,126,886).

¶ Down to her new office in Trenton bright & early went the only woman bank president in New Jersey and probably the prettiest bank president in the land. Her election to that job in Trenton Trust Co. was no gushing matter to green-eyed, graceful Mary Gindhart Roebling. Briskly she got the jump on local newshawks by asking them if they were depositors in Trenton Trust.

  1. Previous Page
  2. 1
  3. 2