Personnel

Howard Sutherland, onetime Senator from West Virginia, distinguished for seven years as absolutely incorruptible in the very tempting job of U. S. Alien Property Custodian, last week resigned his job to accept the presidency of Fidelity Investment Association (a bond-holding trust selling annuity contracts on instalments to small investors) succeeding in that post former Comptroller of the Currency John William Pole.

William Starling Sullivant Rodgers, 47, mining engineer, 17 years with Texas Co., was made its president. Ralph Clinton Holmes, former president, now chair-man of the board, wired Texas from Manhattan reducing the posted price of crude oil at East Texas wells from 50-c- to 10-c- a barrel, the same low reached nine months ago before the Governors of Oklahoma and Texas shut down the oil fields with militia. Reason for the latest cut: a new proration ruling by Texas increasing the allowable production of the East Texas pool from 400,000 to nearly 800,000 bbl. per day.

Ernest Robert Breech, general assistant treasurer of General Motors, was elected president, chairman of the board and chairman of the executive committee of North American Aviation following General Motors acquiring 51% control. Elected to the board of 21 members were eleven General Motors men.

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