Personnel

Year's end is change time in Wall Street. Last week the financial sections of U. S. newspapers fairly bristled with announcements of partnership resignations & admissions. Some were in block type, some in old script. Typical was a nourishing two-column, three-inch advertisement which announced the withdrawal of two partners from the Stock Exchange firm of R. V. Hiscoe & Co. Less typical was a simple, single-column, two-inch advertisement which read: "Mr. Charles Denston Dickey, heretofore a member of the firm of Messrs. Brown Brothers Harriman & Co., is this day admitted as a partner in our firms in New York, Philadelphia, London and Paris, resident in Philadelphia. . . . J. P. Morgan & Co., Drexel & Co., Morgan Grenfell & Co., Morgan & Cie." Below, a one-inch announcement from Brown Brothers Harriman & Co. told of Partner Dickey's resignation.

Partnership in J. P. Morgan & Co. is one of the highest honors which a financial man can attain. Mr. Dickey's election increases the Morgan roster to 20, not including partners of affiliated houses not also members in the New York firm. Partner Dickey is 38. His father was made a partner in Brown Bros, in 1889, his grandfather in 1859. Mr. Dickey was graduated from Yale in 1916, entered Brown Bros, in 1918. Four years later he was admitted to partnership. An active leader in the Investment Bankers Association since 1927, he has solemnly warned the country against "the dynamite" in the investment trust movement. The day before he was admitted to J. P. Morgan & Co. Mr. Dickey's brother Lawrence W. Dickey, onetime (1930) Harvard crew captain, died of injuries received when his car overturned New Year's Eve.

Another important announcement last week:

Benjamin Joseph Buttenwieser, 31, was made a partner of Kuhn, Loeb & Co. Partner Buttenwieser attended public schools in Manhattan, then Columbia Uni-versity from which he was graduated in 1918. He went to work immediately for Kuhn, Loeb, advanced to the position of senior member of the bond department. In 1928 he was given a joint power of attorney (right to sign checks). His father-in-law (since 1929) is Arthur Lehman, partner of Lehman Bros.

The following were also news:

John Sloane, president of W. & J. Sloane, big furniture and flooring house, was elected a director of Fifth Avenue Bank, Manhattan.

John W. Vaux was the one new member appointed for 1932 by Secretary of Agriculture Hyde to the Board of Tea Tasters. The seven members of the Board meet Feb. 1 to pass judgment on all teas offered for import.

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