Monday, Jun. 15, 1936

Personnel

Last week the following were news:

P: After serving nine years on the board of governors, Thaddeus Reamy ("Brick") Benson, 51, was elected president of the Chicago Stock Exchange to succeed Michael J. O'Brien, a local partner of Paine, Webber & Co., who had held the post thrice. White-haired President Benson got his start in his father's real estate firm, shifted to American Can Co., later went into roofing. A broker since 1910, he became senior partner of F. M. Zeiler & Co. in 1923. Handsome, humorous, immaculately dressed, "Brick" Benson likes to fish, play golf, lives in suburban Winnetka. Asked about the outlook for U. S. securities, Broker Benson declared: "In spite of all talk about inflation and so forth, there is no place in the world where money is as safe as it is here."

P:Elected president of the New York Cotton Exchange was John Chester Botts, stoutish, stolid partner in Jenks, Gwynne & Co. He succeeded little John H. McFadden, who, in addition to his duties as head of the Cotton Exchange, has had to spend a vast amount of time satisfying the curiosity of South Carolina's Ellison D. ("Cotton Ed") Smith, chairman of the Senate Committee on Agriculture and an inveterate investigator (TIME, April 20).

P:To succeed retiring President Robert W. Capps, the New York Produce Exchange elected John McDonald Murray, a Canadian-born onetime schoolteacher. He got his first job in the U. S. with Southern Cotton Oil Co., around the turn of the century worked up to head the foreign department. Shifting to brokerage in 1920, President Murray is now with H. Hentz & Co., handling their cottonseed oil business.

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