Personnel

Last week the following were news:

P: James Paul ("Jimmy") Warburg stepped into the glare of the New Deal not long after he was made vice chairman of Bank of the Manhattan Co. in 1932. The sharp-witted son of the late great Paul Moritz Warburg stood close to President Roosevelt's financial ear in those first dazzling days, changed sides at the London Economic Conference in 1933, has since devoted his energies to a liberal and enlightened presentation of the case against the New Deal. Thanking his directors for tolerating his long and frequent absences from his desk at No. 40 Wall St.. Jimmy Warburg handed in his resignation last week, insisting that he should no longer be paid for his extracurricular activities. He will continue as a director, representing the Warburg family's heavy holdings in Bank of the Manhattan Co.

P: When Charles Edwin Mitchell, emerging from retirement after his acquittal for Federal income tax evasion, opened an office in Manhattan last January, newshawks trooped up to ask him what he was going to do. The onetime chairman of the National City Bank replied that he would devote his time to "investment finance and organization of one kind or another." Then he added hastily: "It will not be public investments. There is no such thing in my thoughts as service to the investing public." Last week "Sunshine Charlie" Mitchell apparently had a change of heart. He accepted a position as chairman of Blyth & Co. whose sole business is selling securities to the public.

Blyth & Co. is the only investment house of national importance to originate on the Pacific Coast. Founded in San Francisco in 1914. it has lately helped underwrite such refundings as Pacific Gas & Electric's $45,000,000 in bonds and Southern California Edison's $73,000,000 issue.

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