Ned Arden Flood

N. A. FLOOD, LAWYER,

INDUSTRIAL BANKER

Had Part in Reorganizations

and Sale of Corporations --

He Dies Here at 68

AIDED IN WAR LOAN DRIVES

Handled Goodrich Rubber Co.

Merger and Helped to Form

Cluett, Peabody & Co.

Ned Arden Flood, industrial banker and lawyer who had taken part in many large corporation sales and reorganizations in the last twenty years, died yesterday afternoon at his residence, 970 Park Avenue, after a long illness. He was 68 years old.

Mr. Flood was born in Newmarket, N. H., a son of the Rev. Dr. Theodore L. Flood, Methodist minister who founded the publications of the original Chautauqua Institute. After receiving an A. B. from Johns Hopkins in 1890 and an A. M. from Allegheny College in 1892 he studied law at the University of Michigan.

Before beginning practice, however, he edited several Chautauqua publications until 1900. From that year until 1910 he was an active member of the Pennsylvania bar, and early began the work which eventually formed the principal activity of his career, the negotiation of the transfer of the ownership of large industrial properties.

Since moving to this city in 1910 Mr. Flood had represented various banking interests, including Lehman Brothers and Kleinwort Sons & Co. of London, in financial negotiations, He participated in the organization of the F. W. Woolworth Company and the merger of the B. F. Goodrich with the Diamond Rubber Company. He was an incorporator of Cluett, Peabody & Co. and a director, 1912-18.

Mr. Flood negotiated the sale of the J. M. Horton Ice Cream Company to the Borden Company, 1928; of the Hemingray Glass Company to the Owens-Illinois Glass Company, 1933, and of the Salem Glass Company to the Anchor Cap Corporation, 1934. He was president of Ned Arden Flood, Inc., industrial bankers and counselors, 501 Fifth Avenue.

Mr. Flood was an aide de camp, with the rank of lieutenant colonel, on the staffs of Governors Stone, Pennypacker, and Stuart of Pennsylvania, 1899-1911; president of the New York Alumni Association of Johns Hopkins University, 1921-23; a member of the Military Order of the Loyal Legion and the Union League Club. In the World War period he made nearly 1,000 speeches on Liberty Loans and other subjects in this country and France.

His widow, who was Anna M. Davis of Meadville, Pa., at their marriage in 1892, and a daughter, Josephine Flood, survive.