Show I fARM MEMBER PlAN PA PROTESTED TESTE Mellon Objects to Proposed Change in Reserve Board W WASHINGTON March j 15 15 Objection tion to Increasing the membership of ot the federal reserve board with a view to giving agricultural Interests representation representation as proposed In a bill passed by the senate was voiced today by Secretary Mellon at a a. hearing before the house banking committee The measure provides tha that the board shall have eight instead of ot seven members members members mem mem- bers and stipulates that tho ll president pi in making milkIng appointments shall give 0 due regard to a fair taIr representation of ot agriculture as well as commercial and industrial Interests Mr Mellon contended contended con con- tended that the reserve board as ns now constituted was looking after the in interests interests interests in- in of ot farmers declaring it Was VHS natural that some of ot the board would always be interested primarily In cr credit as it affects farming fanning regions Tho The treasury secretary also expressed expressed expressed ex ex- pressed opposition to a suggestion that the secretary of ot agriculture be Je mado an cx officio member of ot the board declaring that such an Increase In membership would have a a. tendency to make the board unwieldy and less efficient |