Salt Lake Telegram | 1929-10-17 | Page 15 | [Illegible] S. Delegation [Illegible] Veto Fight [Illegible] Bank Meeting

S VETO BANK ANK MEETING rai 1 Reserve Not Re Re- ired to th o Assent t to j 1 Wor World c Moves 1 BADEN Germany Oct The American merican delegation fop Bank of or International Set Settle Settle- tlc tlc- nc led ed by M. M I. I A. A TrayS Tray Tray- S chicago today won von its Us tight fight fe adoption of r a v veto lo clause S particular beu bearing ring on th the it 11 ot t. t the federal reserve bank i cl clause ct ure places th the federal re- re bank In the position o llon of oC never S to th assent to any op operation or or oror of or having s bent nt it If so wishes and th Ute tHe same flame time prevents the tho ni doing anything contrary eral rat reserve resel policies h conferees also aio adopted the tho o of the permissive H uk functions but t the press 8 lias 1115 not divulged the ayIng ing that the provisions lon lly ly Iy aro those already conn con con- n tho annex n to the thc Young lining the banks bank proposed is ne So S denIed today that the In In- bank would speculate In es s W. W T T. T La Layton Laton ton British U c said paid ald The Bank of oC Inal In- In nat lial al Settlement itt is Js not fa n a bunk m makI making profits on t. t eH Cs b but t. t to facilitate cx ex- V t Tho mere mutual know knowl- knowl the thc central batik bank when h n trans trans' I cur should tend to stabilize M res Cs es