Salt Lake Telegram | 1936-02-01 | Page 4 | 'A Pretty Safe Board'

I A itA Pretty S e Board tEN j Y in full agreement with Senator J I-J Carter Glass that th the appointees to t the e feder federal fed fed- ed- ed er eral r l reserve reserve board constitute a pretty safe Eafe b board a d all aU will take over ver v r by hy and with the consent ns nt of the senate today Not a syllable of disie dissent t was voiced when confirmation came up upI I Thursday in th the upper hous house Marriner S. S Ec Ec- Eccles cl des cles s Ogden governor r of the system becomes chairman o the board with year four-year t tenure nure J Joseph seph seh A. A Broderick of New York term 14 yea years a banker d during ring h his his' s' s entire business c career theer reer is spoken of as a aman man who is not afraid of Wall Wall Street of whom v-hom Wall Vall Street t is 13 not il afraid aid When the Bank of the United States f faRed failed ed edhe he was a defendant defendant but was acquitted He His Hels is rated Crated a liberal but not an Illinois DUnois reappointed for 12 years is 42 and ard the youngest member He HeIs Heis is a student of fiscal matters was wasa a a school teacher teacher teach teach- er er for 18 years a politician of strength in Chiago Chic Chi Chi- c ago cago go When his name is spoken is So sounds like chak Shim Shim Shim- h k Polish 1 f John McKee of O Ohio o will serve for 10 y years a s. s He is a Republican and was appointed ed chief ex examiner exi ex- ex i iner of the R. R RF F. F C. C in 1932 by Mr Hoover He e is a conservative with a record of success i in irTi rehabilitating sick banks t turns ms thumb down O on n wild wilc ideas Ro of Georgia year 6 term an ou outstanding banker of the s south uth one time chairman chair chair- man o of th the bank management committee e of the theA A I B. B A A. is js rated by experience a thoro thoroughly qualified member x t Ralph alph Wi W. Morrison m of ot Texas year two-year term has hs b been eri an engine engin yip wiper r a salesman in Latin delegate t to the London econ economic D ic c con con- nth n- n 4 th ference He is rated a conscientious and a liberal but deliberate in reaching de de- de Wealthy Democratic and democratic A seventh m member of the board is yet to be named The banking act of 1935 requires that he be from an agricultural section