Show I I Reserve Bank ill Meeting rr Will ill ill Hit flit Auto Loans New Ne' York May 13 The Tho Tho New York Evening Post Much Importance is attached to the tho forthcoming forthcoming- meeting or of the tho federal reserve officials In n Washington early carly next we week ok Besides I the thu f federal deral reserve officials It Is I stated J that the secretary of oC the treasury treasury treas treas- ury and leading bankers from fromn all p parts I of the tho- country will att attend n d l tho tiro confer confer- once ence From Washington ton comes tho the I bare announcement that tho the banking situation will bo ho the tho subject discussed But In connection with this conference many stories are aro In circulation as to I the tho purpose of oC the gathering It Is stated from one ono quarter that the purpose of or the thc meeting will be to I discuss means of halting the thc orgy of or I 1 spending on luxuries and other nonessentials nonessentials non- non essentials in which tho the American public public public pub pub- lic has be boon been on indulging and to divert ort the capital to Increasing production of oC necessities which will bring bring- about a A. reduction In tho the cost of living It Is further stated that special attention will bo be devoted to curtailing loans loam to automobile automobile- manufacturers so as ns to compel tho the motor Industry to diminish p I Its demands on steel and iron and release re reI re- re I lease large tonnages of steel and Iron I for moro more essential Industries |