Personnel

P:Depression hit the sugar industry not four but eight years ago, and when Depression hits sugar it hits Cuba. When Thomas Lincoln Chadbourne, Manhattan lawyer, came down from the North with a plan to get the whole world to cut sugar production, President Machado gave him practically plenipotentiary powers as representative of Cuba. With those powers Chadbourne argued the big sugar growers of the world to agree to world restriction. He got his cartel working just as Depression hit the world at large. When Cuba could stand no more Depression Machado was ousted. Last week was Chadbourne's turn. President Grau San Martin issued an edict ousting him from the presidency of National Sugar Exporting Corp., keystone of the Chadbourne sugar cartel.

P:Oilman James Andrew Moffett lost his job as vice president of Standard Oil (New Jersey) because he could not agree with President Walter Teagle about Government price-fixing for oil. Last week he found someone who agreed with him: President Kenneth Raleigh Kingsbury of Standard Oil of California who gave him a new job as vice president and Manhattan representative of California Standard. P:Last March, gold exports forbidden, the Administration hastily drafted to manage foreign exchange for the U. S., the man who had been virtual dictator of U. S. exchange during the days of disordered money in the War. Fred L Kent of Bankers Trust Co., having held his job as exchange expert of the New York Federal Reserve Bank for ten months, last week announced that he had organized his division in the bank so that it could run itself, handed in his resignation.

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