Business & Finance: Personnel: Dec. 14, 1931

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Last week the following were news:

Paul Mellon, 24, son of Andrew William Mellon, last week went to work for Mellon National Bank, Pittsburgh. He arrived early, met many people, sat at other people's desks to be photographed, went home at 4 p. m. with his father. Only son of the Secretary of the Treasury, Paul Mellon wrote poems and stories for the undergraduate publications of Choate School (1925) and Yale (1929). For the past two years he quietly attended Clare College, reading, writing and rowing, receiving last June a degree while his father was given an honorary one. Although Son Mellon spent one summer working for Mellbank Corp., holding company for banks around Pittsburgh, he has frequently stated that he planned to have a literary career, to be a writer or a publisher. Surrounded by the Press during his first day at work last week, he said: "I'm going to work. . . . I'm going to learn the banking business. ... I haven't got a job yet. Nobody has been told how to get me started or to take charge of teaching me things. I haven't the slightest idea what I'm to do." Asked about his literary ambitions, he replied: "That's all old stuff and it's all been explained."

Fred A. Powdrell resigned as vice president and treasurer of Montgomery Ward & Co. to devote all his time to McLellan Stores Co, of which he is executive committee chairman. This change follows the election of Sewell Lee Avery to the company's board chairmanship. When Mr. Powdrell assumed his position in Montgomery Ward last year it was thought that he had been selected by J. P. Morgan & Co.

Paul Spencer Clapp resigned as managing director of National Electric Light Association to become vice president of Columbia Gas & Electric. Prior to accepting his N. E. L. A. position in 1926 Mr. Clapp was special assistant to Secretary of Commerce Herbert Hoover.

Charles Simonton McCain, board chairman of Chase National Bank, was elected president of American Acceptance Council, His position as chairman of the Council's executive committee was filled by Allan M. Pope, executive vice president of First National-Old Colony Corp,

James M. Eaton resigned as general manager of Pan American Airways, succeeded Nicholas ('"Nikko") Saltus Ludington as president of Ludington Airline, Inc, Ludington lines, flying an hourly service between New York, Philadelphia and Washington, recently had its first fatal accident after 13 months of operation (TIME, Nov. 16).