Monday, Jan. 11, 1937
Personnel
Last week the following were news:
P:At 30, having shown conspicuous ability in all manner of jobs during and after Detroit's banking crisis, Charles Thomas Fisher Jr., a Republican, was last year named a director of Reconstruction Finance Corp. by Franklin Roosevelt. Last week President Roosevelt "reluctantly" permitted his great & good friend Frank Murphy, Michigan's new Governor, to take this banker son of one of the seven body-building Fisher brothers of Detroit away from RFC, make him the State's Banking Commissioner.
A graduate of Georgetown University (Class of 1928), Banker Fisher got his first job in Detroit's Guardian National Bank of Commerce, left it to go with the National Credit Association. He became assistant manager of the Detroit agency of RFC soon after its formation, as well as a vice president of First National Bank --a big borrower from RFC.* In 1933 Mr. Fisher was made RFC's Detroit manager.
Seven years ago he married Elizabeth Jane Briggs, daughter of body-building Walter Owen Briggs. They have five children.
P:Walter Hoving, a Swede from Stockholm, got his first push upward at R. H.
Macy & Co. (mammoth Manhattan department store) when he did so well on a report about the linoleum industry that Executive Vice President Oswald Whitman Knauth made him his assistant. At 30, Mr. Hoving was himself a Macy executive vice president. In 1932 Sewell Lee Avery made him vice president & general sales manager of Montgomery Ward & Co. in Chicago, told him to put sex appeal into Ward's catalog, packaging, merchandising. Walter Hoving did a good job.-- Last spring his old boss, Oswald Whitman Knauth, now president of Associated Dry Goods Corp., which controls eight U. S. department stores, led by Manhattan's Lord & Taylor, found Mr. Hoving ready to return East.
Back in Manhattan, Mr. Hoving rented a 15-room Park Avenue apartment for himself and Mrs. Hoving, the former Mary Osgood Field, became vice president of Associated and chairman of its smart Fifth Avenue store. Lord & Taylor. Last week Mr. Knauth announced that "owing to increased duties devolving around the central office," Chairman Hoving of Lord & Taylor would become president as well, succeeding Joseph E. Pridday, who will be an associated vice president.
P:Last summer Thomas Hitchcock Jr., 37-most famed living polo player, missed the international matches in England for the first time in 15 years because of pressing business affairs. He was no longer willing to leave the U. S. just for polo. Last week his business association since 1932 with Lehman Bros., big Manhattan investment banking house, matured into a partnership. His good friend Robert Lehman often plays polo with the great Hitchcock at Meadow Brook.
Also made a Lehman partner last week was Joseph A. Thomas, 30, a smart Yale graduate (Class of 1928) who has been with the firm since 1930.
*;Before and after First National's failure, RFC loaned the bank a total of $134,000,000, since repaid.
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