Evening star., 1938-07-22
PLAIN L|FELURES
STOCK MART HEAD
Has No Expensive Habits,
Says Young William N.
Martin, Jr.
BY LYDIA GRAY SHAW,

BY LYDIA GRAY SHAW,
Associated Press Feature Service Writer.
NEW YORK, July 22.-William Nc
Chesney Martin, jr., the 3l-year-old
president OF the New York Stock Ex-
change, sat down in his guarded air
conditioned ONCE, hunched his knees
against the desk and confessed to a
weakness for the simple life.
Il haven't any expensive habits"
he said. (He neither smokes nor
drinks: doesn't keep a car In New
York; like to 60 to the theater.
but I go by myself and usually sit
in the balcony. used to play tennis
three or four times a week at Forest
Hills. Lately I've been too busy"
Mr. Martin, the first paid president
Of the exchange, gets $4,000 a year.
A fiend for work. he doesn't act
like go-getter He moves slowly,
speaks slowly. smiles often-but slowly.
His clothes are commonplace.
No Interest in Social Life.
Social life doesn't interest him. but
he's being asked around quite a bit,
now that he's in the limelight. Says
he's a "regretful' bachelor; doesn't
look regretful.
He did say. I'D like to travel every
day of my life"
At that, he's done pretty good
job Of touring the United States-has
hAs jy, CtAt L,,t
Last March he went on a Mediter-
ranean cruise. He had been putting
in 20-hour work days helping draft the
exchanges new constitution, he said,
so after 1t was over he went aboard
ship and spent the first three days
sleeping.
Il didn't speak to anybody for seven
days. he reflected. L ate at table
by myself. I was pretty sick of talking
to people by then. One night toward
the end of the cruise I asked a girl
to dance, then couldn't get away until
1:30. was completely worn down."
Second Trip Abroad.
1t was his second trip abroad. In
1927. after his junior year at Yale, he
went on European tour.
-. Mr.. Martin has never come to con-
Syder New York home. though hes
been here seven years however since
he purchased q membership In the
stock exchange. He lives at the Yale
Club, because he likes to think he s
here only temporarily. St. Louis is
home, but he doesn't get out there
more than once month
The son of well-to-do parents
his father is president of the Federal
Reserve Bank of St. Louis-Mr. Martin
says he gives most Of his money
away. Sometimes the very rioh dis
turb Mr. Martin
Barbara Hutton" he SAYS, has
done more to destroy American
capitalism than any other individual "
Cross About Rich Girls.
That's pretty heated for an IN
! dividual as gentle as Mr. Martin
He gets cross, too, about rich girls
who take jobs just so they can say
they're earning money.
MI MaTtln won De ldDeleQ
| liberal. Says he's an independent
He gets annoyed with people who
| accuse him of straddling the fence
Though he tries to be unemotional
on his analysis of economic trends
he says that doesn't prevent him
from having convictions of his own.
The Government. he says. must lay
down the broad general policies by
which the exchange is to function,
but the exchange should do its own
policing job, and see that those policies
are carried out.
Only half the age of most Of the
past leaders of the exchange. Martin s
| in Office as long as the board wants
| me"