Personnel

Last week the following were news: George McClelland Reynolds, 67, resigned as board chairman of Continental Illinois National Bank & Trust Co.

("Biggest bank under one roof"), biggest bank west of Manhattan. Last spring he succeeded his younger brother Arthur Reynolds, who retired ostensibly because of poor health, insisting: "The dampness of the climate here affects my ears" (TIME, May 16). Chicagoans had long heard reports of discord between the Brothers Reynolds and their directors, felt sure that it was only a matter of time before Brother George would follow the footsteps of Brother Arthur. Last week on learning that his wife had become ill suddenly, Brother George boomed: "That settles it. I'm through."

Leading off his letter to the directors by recording his age at his next birthday, just as Albert Henry Wiggin of the Chase National Bank had done the week before, Banker Reynolds stated that he had had "no freedom from business responsibility" since he was 15, that he wished to spend his last years in California with his wife. He will continue as a director but will resign as chairman of the Chicago Clearing House and of bank-bailing National Credit Corp., now entirely supplanted by the R. F. C. A portly, white-haired gentleman, George Reynolds once declined President Taft's invitation to become Secretary of the Treasury. As his successor La Salle Street talks of conservative Stanley Field, now chairman of Continental Illinois' executive committee, British-born nephew of the late great Marshall Field.

Virgil Jordan, economist of McGraw-Hill Publishing Co,, became president of the National Industrial Conference Board, fact-finding agency, of which he was research director 1920-29. He succeeds the late Engineer Magnus Washington Alexander. Virgil Jordan sometimes writes under the name Homer Hudson.

Julius Klein, assistant Secretary of Commerce, was engaged to make a survey of the business of United Cigar Stores Co-of America, and its subsidiary, Whelan Drug Co., by Irving Trust Co., trustee in bankruptcy for both companies. His salary during the first month will be $7,500 plus expenses. Dr. Klein once supervised a Department of 'Commerce survey on retail drug stores.

Herbert Henry Lehman, Governor of New York, retired from the banking house of Lehman Brothers of which he has been a partner since 1908. He had resigned his many directorships upon becoming Lieutenant Governor in 1928.

Curtis Bean Doll, son-in-law of Presi-dent-elect Roosevelt, resigned his partnership in the New York Stock Exchange firm of Goodbody & Co., announced he would become an independent broker with an office at E. F. Hutton & Co.

For nearly two months it has been known that Elisha Walker would become a Kuhn, Loeb 6 Co. partner Jan. i, that Partner Jerome J. Hanauer would resign (TIME, Nov. 28). Last week Kuhn, Loeb made it official and also took into their august partnership Hugh Knowlton, lawyer, onetime vice president of Manhattan Co.'s International Acceptance Bank and a Kuhn. Loeb employe since last Jan. i. Graduated from Yale (1914), Partner Knowlton is Police Justice of the Village of Kings Point, L. I. although his home is in Syosset.

Floyd Leslie Carlisle, board chairman of Niagara Hudson Power Co, who marched down from Watertown. N. Y. to Manhattan to become board chairman of Consolidated Gas Co., a director in National City Bank and the most potent man in the Morgan-Drexel-Bonbright utility holding company. United Corp., was elected a director of United Gas Improvement Co., whose Philadelphia. Connecticut and New Jersey properties flank the Morgan system.

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