Show r. r II Slated to Direct Reconstruction I r J I fc mt t itt 1 J st r I I N- N p fJ J 1 J V R RA i Xi h. h IY Zw f A v. A i i i X W. W l. l H. H M. M ROBINSON He Advises Hoover T rd r B. B M. M BARUCH Often Consulted r a Plans to Put Credit Scheme In Effect Near Completion Three Democratic Friends of Hoover Are W Mentioned for Posts on Board Board- Selections Selections Selections Se Se- Not Yet Final By United Press WASHINGTON Jan 14 Machinery 14 has been virtually completed lor for putting the reconstruction fi finance finance finance fi- fi nance corporation into operation immediately after congress completes the pending bill authorizing it President Hoover it Is understood probably will appoint the following as directors I Henry M M. Robinson California Republican Re Re- Re-I Re publican Bernard M. M Baruch New York Democrat Edward N. N Hurley Illinois Democrat Demo Demo- crat Angus McLean No North th Carolina Democrat In addition three ex cx officio members members mem mem- bers are provided for by the bill Andrew Andrew Andrew An An- drew W. W Mellon secretary of the treasury Eugene Meyer Meer Jr governor governor gover gover- nor of the federal reserve board and Paul Bestor head of ot the federal fax farm loan board w Meyer is expected to be chairman The White While House said Mr Hoover has not finally made up his mind and that some changes might be made before before before be be- fore the selection are announced He has however been in communication with most of them and their appointment appointment appointment appoint appoint- ment is regarded as likely Mr Hoover it is learned is devoting devoting devot devot- ing practically all of his time to preparing preparing preparing pre pre- paring for the inauguration of the finance corporation the governments government's greatest financial organization Senator Connally Connall Democrat Texas submitted two candidates for directors directors I tors in a call at the White House He Continued on Page Two 5 I A c 4 4 4 M E. E N. N HURLEY Directed War ar Shipping HOOVER WORKS ON CREDIT PLAN Continued d From rue Page On one proposed Nathan Adams Dallas banker bank er cr and Jesso H. H Jones Jonc Houston fi fi He was told that no final rinal selections had been made and that many names were under tion lion The bill bm as it passed the senate provides for a bipartisan board o of directors directors di rectors with four Republicans Republicans' and three Democrats ARE HOOVER FRIENDS Baruch is a New York financier and has been frequently consulted by President Hoover They were associated asso elated in the Wilson war WaI tion lion Hurle Hurley was wartime chairman of or the United States shipping board and McLean was undersecretary of treasury In the Wilson tra tion lion All arc are old friends of ot Mr bir Hoo vcr Robin Robinson on Los Angeles banker Has HRS long tong been a financial adviser to Mr bir Hoover He Fie has been Interested in formulating the finance corporation plan for some months The directing force farce is expected to tobe tobe tobe be Eugene Mc Meyer er He was chairman of or the war finance corporation which I undertook on a smaller maller scale just after af after ter the war the same same kind kindo of rehabilitation ration tation work that is expected cf of the new new W organization |