Durant at 77 Eyes New Capital For Auto Finance
William G. Durant, twice head of General Motors, age 77, visits Wall Street seeking new capital and potential mergers in motor finance. He built Detroit’s great automobile complex and leaves a mark on every column and timber as he pursues another major venture. In science policy, MIT President Karl Compton favors cautious government collaboration with industry to expand opportunities while avoiding rigidity, contrasting with Millikan’s open adoption of automation to boost jobs.
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