New Secretary

Under recent reorganization legislation Franklin Roosevelt got permission to appoint an Under Secretary of the Navy for a national or limited emergency. This week he named his man: suave, handsome James Vincent Forrestal, No. 4 of the President's $10,000-a-year administrative assistants "with a passion for anonymity."

As No. 1 assistant to new Navy Secretary Frank Knox, Princeton Man Forrestal was moving fast. Six weeks ago he turned in his resignation as president of the Wall Street investment house of Dillon Read & Co., went to work for Franklin Roosevelt. His job: liaison agent for the Government's new South American cartel plan. Naval aviator during World War I, Wall Streeter Forrestal will pitch right into the Navy's big building program, try to make it jell.

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