Show DA DAVIS bAVIS VIS NAMED I ITO TO BANK BOARD WASHINGTON June 5 UP UP- UP President Roosevelt toda today sent t to the senate the nomination of Ches- Ches Chester Ch ter C C. Davis A A A administrator to be a member of the board of governors governors governors gov gov- of ot the federal reserve system for the portion of ot th the term of ot eight years from February 1 1936 D Davis Davis' post as ns administrator o othe of the A A A will be given n to Howard R R. R Tolley olley Active AcUte in A A A ADavis ADavis Davis Da played a prominent part Inthe Inthe in inthe the setting up and direction of ot the Agricultural Adjustment Adminis He ws was director of ot the production production pro pro- division from the time A A AA AA AA A was established until December 15 1033 1933 when he became adminis adminis- Davis from 1921 from 1921 to 1925 was commissioner commissioner commissioner com com- missioner of agriculture and labor Jabor for Montana He served as director of ot grain marketing for the Illinois Agricultural association during 1925 and 1926 Then he turned to toa a a. study of industrial uses aces cs for farm products and became vice president of ot the National Processes Inc and Products corpora corpora- tion Tolley well known as a soil expert and director of the Giannini Foundation Foundation Foundation Foun Foun- dation in California has been actIng acting acting act act- ing administrator of ot the A A A since enactment of the soil solI conservation act in February ary Davis has just returned from a two month inspection tour of ot European European Euro Euro- pel-n pel agricultural condi conditions Ions He started tho the trip shortly after the soil soll conservation program was en en- acted During that time Tolley has set the new program in motion and has had complete supervision of ot all its phases i It was rumored at the time Davis J left ft that he was through as director of the A A A but Secretary Secretary-of of Agriculture Agriculture Agriculture Agri Agri- culture Henr Henry A. A Wallace Vallace and other high officials emphatically denied that any friction had developed between between between be be- I tween Davis and ether officials Davis fills a vacancy which has existed ever since the 1935 banking act created a new board c of governors governors governors gover gover- nors and increased the membership by lay one effective March 1 However another vacancy upon the board of governors is expected to come shortly when President Roosevelt accepts the resignation tended to him recently by Ralph W. W I Morrison board m member e em m b o c r from I Texas |