Business: Judge Lovett Retires

Robert S. Lovett, for ten years Chairman of the Executive Committee of the Union Pacific Railroad, announced his retirement from active management of the company on Jan. 1 next, on the score of age and health. Mr. Lovett will, however, continue with the U. P. in the newly created post of " Chairman of the Board," with the task of directing matters connected with consolidations and with the valuation of railroad properties in which the Interstate Commerce Commission is now engaged. In addition, Mr. Lovett will remain a Director and an ex-officio member...