Honors List

Of interest, for one reason or another, were these New Year admissions to partnerships in U. S. banking and brokerage houses:

Chos. D. Barney & Co.: Alexander Biddle; John W. Castles.

Benjamin Hill & Co.: Samuel S. Fontaine, onetime cub reporter under the late great Col. Henry Watterson; for more than 25 years Financial Editor of the New York World.

Hornblower & Weeks: F. Dewey Everett and Edward V. Jaeger, market advice editor, of New York; W. David Owen, James J. Phelan Jr., Henry B. Dearbon of Chicago; bringing the firm's memberships to 18.

King, Gebhardt & Garrity: Gilbert L. King, son of onetime Bridgeport politician John T. King; Walter W. Garrity, Bridgeport City Comptroller; Albert C. Gebhardt, formerly with Hanson & Hanson; forming a new house.

Kuhn, Loeb & Co.: Sir William Wise man, 43, onetime (1916-19) Chief of the British Intelligence Service in the U. S.; George W. Bovenizer, 49, with Kuhn, Loeb since 1897; Lewis L. Strauss, 32, wartime confidential secretary to President-Elect Hoover (TIME, Jan. 7).

Lee, Higginson & Co.: Ralph Lowell of Boston; from the Boston office.

Noah MacDowell & Co.: Noah MacDowell Jr.; Charles H. Sabin Jr., son of Chairman Charles H. Sabin of the Guaranty Trust Co. (see p. 50) ; Allan A. Ryan Jr., son of Stutz Cornerer Allan A. Ryan, grandson of the late Thomas For tune Ryan; forming a new house.

J. P. Morgan & Co.: Henry Pomeroy Davison, 30, son of the late Morgan-Partner H. P. Davison; Thomas Stillwell Lament, 29, son of Morgan-Partner T. W. Lamont; Henry Sturgis Morgan, 28, younger son of John Pierpont Morgan, head of the house; setting a precedent, in the cases of Davison and Lamont, for sons-of-partners to become partners; Thomas Newhall and Edward Hopkinson, partners in the affiliated Drexel & Co. (Philadelphia), to be both Drexel-partners and Morgan-partners; bringing the total number of partners to 19.

Of interest, also, was this retirement:

Gimbel Bros. Inc.: Lee Adam Gimbel, 32, as Vice President; to become a trader on the New York Stock Exchange; at a cost, for his seat, of $575,000.

And these elections:

Germanic Fire Insurance Co.: James A. Beha, to be Chairman of the Board of the new company; resigning as Superintendent of Insurance of New York State.

Graybar Electric Co.: Frank A. Ketcham, onetime stock clerk, to be President; succeeding A. L. Salt, onetime office boy, who becomes Chairman; following the company's sale by A. T. & T. to its employees.

N. Y., N. H. & H. R. R.: Edward G. Buckland, 62, to be Chairman of the Board; with the additional duties of Presi dent until the election of a successor to the late President E. J. Pearson.