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Earnest, spectacled William McChesney Martin Jr., 34, who looks more like an apple-cheeked bumpkin than the $48,000-a-year president of the New York Stock Exchange, resigned his job, and last week joined the U.S. Army at $21 a month. Because willing service by the wealthy is good draft publicity, Manhattan's Selective Service publicity used the occasion to set off plenty of red fire. Mr. Martin cooperated. With $30 in his wallet ("I suppose I shouldn't have that much"), little more than a change of underwear in his zipper bag, he cheerfully suffered many...

Author: /time Magazine | Title: All Sorts & Conditions | 4/28/1941 | See Source »

...another color fumed up last week in Washington. Ellison DuRant Smith Jr., 26, sprout of bag-eyed, walrusy Senator "Cotton Ed" of South Carolina, is clerk of the Senate Agriculture and Forestry Committee, whose chairman is old Cotton Ed. Young Mr. Smith, who has had the $3,900-a-year clerkship only eleven months, has been going to night classes at the National University Law School. When his draft number came up, he asked for deferment (to Class 2A) on the ground that he has a special employment status: he was indispensable to the Senate's Agriculture and Forestry...

Author: /time Magazine | Title: All Sorts & Conditions | 4/28/1941 | See Source »

...proudly pushed of his stock of prints was a figure of a Negro and a mule entitled Plowing, by Tom Benton, who, with 25 other U.S. artists, had agreed to use Lewenthal as an agent. The A.A.A.'s rise from a one-desk agency to a $500,000-a-year business drove many a frock-coated Manhattan gallery director furiously to think. Behind that rocketing rise lay one of the ablest promotion and distribution jobs the U.S. art world has seen...

Author: /time Magazine | Title: Art: Money in Pictures | 4/21/1941 | See Source »

...poor a hearing at the White House that he went off on a long vacation to the Virgin Islands. About that time rumors spread that he was through with Washington, and he began getting offers of private jobs (including a feeler asking if he would like the $48,000-a-year post William McChesney Martin was vacating as head of the Stock Exchange). Since then four things have happened to change this picture...

Author: /time Magazine | Title: PRICES: Big Stick | 4/21/1941 | See Source »

...MacMillan had been with the Government before. Last year, first as $1-a-year timber expert, then as head of the Wartime Requirements Board, he cut through red tape like a buzz saw through a log. He studied Canada's lagging war effort, submitted a vast reorganization plan to Clarence D. Howe, Minister of Munitions and Supply. But his methods were too direct; before his plan went through, he was eased out. Minister Howe said Mac Millan had been "sabotaged" by jealous politicians, that whenever the Government decided to give him a freer hand, Lumberman MacMillan would come back...

Author: /time Magazine | Title: Business & Finance: Canadian Buzz Saw | 4/14/1941 | See Source »

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