Show ness Business Today President Ex-President Of Exchange t. t Enjoys Army By PAUL PAU GENER and andi i JOL JOhN EC LY r NW NEW YORK June 2 CP R U TeleS Tele- Tele S gram Kram Special News Service Bucl Buck Buck Sc Private William y MarS Martn Mar Mar- S tn youthful former president o of the New York stock exchange S 'S a member of Uncle Sams Sam's big draft draU army was a New York vis visitor ws- ws S vs- vs this week S S Private Martin Martn who until his r draft number came up a couple V. V I months ago was head man in the exchange at a salary of S a year ear flew up tip to New York from froma froman an a army arm camp in South Carolina Cro Caro Caro- Ilna lina to Join Wall Wal Streeters in welS welcoming wel wel- K S coming Emil Emi Schram the v exchanges exchange's ex ex- changes change's cages cage's new president at a formal dinner attended by a long list of If i l S July dignitaries 1 S c r h-r hl a m takes office Just say sy I am at an army camp campS campIn S In South Carolina said sal Martin Martn who vho is Is' brown as a nut and has hasS y S worked off of 12 p pounds tou toughening henin i up In a a uniform unior I S Gets Get Much luch l Mail MailS li i The reason for Bills Bill's BIs BI's reluctance k 1 to say where he is associates say S is that tat already too many people know hl his army address addres and ad he is isI I f 0 getting more mall mail mal than he can anwer an an- He has n no no typewriter at 5 camp and handles his correspondence correspond S ence with wit pen and tablet table on the k f corner corer of his bunk S 7 S The exchange powers that be had Bill Bm Martin Martn up on the dais with wih t. t other distinguished guests at the theP P f dinner for Schram Shining on the te platform behind a long line lne of f ft t starched were the faces S of Martn Martin Federal Loan Lan Administrator Administrator Adminis Adminis- Jesse Jese Jones and Guest of Honor Schram who wo resigned the i pr presidency y of the Reconstruction f Finance corporation to become becom r t head of the jj ig g board In the audience auk au au- au- au k i were were tousled tousled haired haired Wendel Wendell Wen Wen- dell deli del L. L Willkie and 0 O P PAC A C S SS S Price Prie Administrator Leon eon HenderS Hender Hender- 9 S son f. f I Likes Army Life M Mar Martin a r t tIn I n answered questions queston the about throughout evening army S life le which he likes very much s One day in camp he was a member memo memS mem- mem o S S ber of a crew unloading pound S bags of sugar from a supply truck That was just after he arrived Even though tough Bill Bi had vigorously S. S kept himself in trim handS handball hand han S ball bal and tennis tenni at the Yale club cub he he once played Net Star Gene Mako in the national tennis toura- toura ment nent at Forest Hills the Hills the His the big S. S pound sugar bags made him puff a little An army ary sergeant watched him struggle with wih the bags and said The trouble with wit you is that S. S youre you're too doggone old Bill Bi is 35 Ironically when Bill Bi was presIdent president pres pres- ident of the stock exchange th the hue and cry of the minority opposIng opposing ing him was that he he was was too too tooL L young oung Bill Bi Now Tougher Bill Bi is is tougher now after a couple months of army routine He still wears his glasses and is still stilla sUi f. f a private in the line lne He takes take take his soldiering seriously but mainS maintains maintains main main- S his characteristic broad smile smie and keen sense of humor Thursday he was down in Wall WallStreet Wal S Street visiting old friends frends Nobody tried to sell sel him stocks tocks After all al army pay for a private at the start startS S is 21 a month S S Jeeps Jeep's father Telegrams pour in declaring that Auto Builder rank Frank H. H Fenn president of American Bantam Car company is father of th the Jeep the Jeep the new small smal lightS lightweight light light- S weight olive olve drab army automobile automobile automo automo- bile bie carrying three men and a machine machine macine ma ma- chine cine gun Earlier Earler this week it I was stated in this column colum that friends of S Overland Willys-Overland Overland Chairman Ward insist that he is father S of the Jeep It I was said Canaday 1939 thought up the Jeep in S S Discussed in 1937 E. E England experimental engineer for White Motor comp comS company com com- S p pany ny telegraphs from Willoughby Ohio that Bantam Chief Fenn had the Jeep in mind as long ago as December 1937 Fenn conceived the idea late in 5 1937 of a light fast machine gun carrier mounted on a sized bantam sized chassis chas but having a wheel four-wheel S drive and a larger engine and discussed discussed discussed dis dis- dis- dis cussed same with wih me in detail deti At that time I was wa chief engineer at Bantam sa says s 's England The he first frt experimental car was delivered September 23 2 1940 exactly ex ex- acty 49 days after ater sketches were made in I Washington Wahington Bantam was wasS S given an exclusive excusive order for 70 experimental ex ex- cars and after delivery and exhaustive tests by the te army Bantam Banta Jeeps were ordered the order split between Bantam t. t Ford and Willys Wiy |