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W. B. Donham '98, dean of the Business School, was disclosed yesterday in the course of the Senate banking inquiry as a privileged purchaser of 1000 shares of "Standard Brands Inc." stock from J. P. Morgan. & Co. in July, 1929. Among the other renames on the Morgan "favored list" were those of T. N. Perkins '91, Fellow of Harvard College and the late Calvin Coolidge.
George Whitney, a partner of Morgan & Co., testified that the stock was sold to the selected customers at 32 and later sold at 40 7-8 when offered for public sale. It closed last night at 20.
The list of preferred customers for the issue of the "Standard Brands" stock was the second such list to be made public since list to be made public since the start of the inquiry into the affairs of the House of Morgan. A similar list of purchasers of the stock of the Allegheny Corporation, entered in the testimony on Wednesday by J. P. Morgan '89, included the name of Charles Francis Adams '88, former Secretary of the Navy and one-time treasurer of Harvard College. William H. Woodin, the present Secretary of the Treasury, was also on the list.
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