• U.S.

PERSONNEL: Up the Ladder

1 minute read

Some new faces in old jobs last week: James E. Day, 40, well-tailored, Illinois-born investment broker, became president of the Chicago Stock Exchange. To get ready for the job, Jim Day helped build a dam in Arizona, made and lost a fortune in real estate, took a law degree, was vice president of the Exchange for two years. His plan for La Salle Street: get more Midwestern stocks.

Arthur W. McCain, 52, for 32 years a commercial and foreign banker (chiefly financing commercial-aviation manufacturing and transport), became president of Chase National Bank, succeeding H. Donald Campbell, who became vice chairman of the board. Now the world’s second-biggest bank will be run by a triumvirate which includes Board Chairman Winthrop W. Aldrich.

Albert Jesse Browning, 46, formerly the Army’s No. 2 procurement officer, lately domestic-commerce director of the Department of Commerce (TIME, Jan. 28), was signed up by Henry Ford II after a ten-minute interview. His job: purchasing agent for Ford.

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