Class of 1913
Ralph E. Badger in September addressed the annual convention of the Financial Advertisers' Association at Nashville, Tenn. He stated, "To date this countryhas enjoyed a marked recovery from thelow point of 1932, but this recovery hasbeen only partly natural." As reported in the Herald Tribune, he said in part:
"The current tempo of business is stilldependent on heavy government deficitsand price manipulation through legislative efforts and credit expansion. Thecombination of mounting Federal deficitsfinanced through the purchase of government bonds by commercial banks, a largecredit base, and low interest rates certainlyprovides the fuel for another era of creditinflation similar to that witnessed in theprevious decade.
"Whereas many of the so-called NewDeal measures are undoubtedly constructive, the last three years have left thinkingpeople with a definite feeling of politicalinstability. Orthodox and pennanent recovery may well be retarded by a continuation of erratic political doctrines."
J. D. Runkle has been appointed general merchandise manager of the Manufacturing Division of Marshall Field & Company. Jay had been with B. Altman & Company of New York and resigned to join the Marshall Field division on August first.
Benjamin V. Borella, Ben Venuto Police when we were in Hanover, died on June 22, 1936. He collapsed at noon in the General Motors Building, 1775 Broadway, Manhattan, and an ambulance surgeon pronounced him dead. Ben was appointed general assistant treasurer of the General Motors Co. on January 1, 1936. He lived at 160 Central Park South and is survived by his wife, Jane Terill Borella. Ben graduated with the class of 1915.
Bill Pierce finally got around to write from West Barrington, R. 1., last August that a young hopeful arrived on July 17, 1935. Not only did he wait thirteen months, but he forgot to add the name, sex, etc. It was a very interesting letter, however, and Bill and the family are well and happy at 67 Alfred Drowne Road.
With the news in the daily press of the death of Jesse Isidor Straus, we received from Europe a delayed clipping: "TheAmerican Ambassador to France and Mrs.Jesse Isidor Straus gave a reception yesterday (July 28, 1936) at the Embassy residence in the Aveiiue d'lena in honor ofMrs. Demme Douglas and Mr. S. PinkneyTuck, who are to be married to-day at theMairie of the 16th Arrondissement."
Warren P. Smith is, and has been for sometime according to "Babe," with Dominick & Dominick of 115 Broadway, New York City. He was formerly with J. G. White & Co., Inc.
Ralph Bauman and Bob More were the western visitors to New England this summer. As Ralph hit Boston on a Saturday, all the class were "out of town." He and "the wife and the daughter had luncheon in Hanover on the way down from the White Mountains." Bob was on here for the American Bar Association Convention, and he and Mose Linscott took in some of th% Longwood tennis during his stay.
William W. Judson is superintendent of the Northern Pacific Railway at Glendive, Montana.
Those living in California may have had a call from Len Manley, who was planning to be in San Francisco and Los Angeles during the latter part of September.
Secretary, 40 Broad St., Boston
