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...Missing Billions. The stormy weather in which the, Maritime Board found itself was not the fault of its present boss, Vice Admiral (ret.) Edward Lull Cochrane. Boss of the Navy's Bureau of Ships during World War II and a crack naval architect, Cochrane became head of the Federal Maritime Board in 1950, when it was set up within the Commerce Department to replace the old Maritime Commission. He has been trying diligently to unscramble its problems ever since...
...Consolidated Vultee directors elected General Joseph T. McNarney (ret.), 59, as their president. McNarney was top U.S. general in the Mediterranean theater in 1944-45, later commanded all U.S. forces in Europe. After war's end, he was boss of procurement and research for the Air Force at Wright Field, and from 1949 to his retirement this year, he was chairman of the Department of Defense Management Committee, a top-level military coordinating group. At Convair he succeeds La Motte Turck Cohu, 56, president since 1948, who becomes vice chairman of the board under Chairman Floyd Odlum...
After a visit to Spain, Major General Charles Willoughby (ret.), longtime intelligence officer for General MacArthur, announced that he would rent an apartment and live in Madrid. Said he: "I feel much safer in Madrid behind the Pyrenees than in Paris behind the Rhine...
NEWTON L. NICHOLS Captain (ret.), U.S.N. Baltimore...
Died. Air Marshal (ret.) Harold Edwards, 59, Royal Canadian Air Force overseas chief in World War II, who helped build the Britain-based R.C.A.F. from a handful of planes into a 40-squadron command; after long illness; at his winter home in Scottsdale, Ariz...