Salt Lake Telegram | 1922-06-10 | Page 14 | Publicity by Board Denied

PUBLICITY BY BOAIipiED Reserve Head Says Articles .. Intended for Bankers WABHINOTON. June 10. Charges by senator Heflln (Dm.) of Alabama that the federal reeerve board had an rased In "publicity propaganda," were flatty denied In a formal atalamenl sent lo I ha senate today br the board under the elcnalura of W. P. U. Harding, Hard-ing, governor. The alaiement, aubmllted In response re-sponse to a reaolutlon of Inquiry by Henator lleflln adopted recently by the aenate. aald that tha board had no fund for publicity, aa charred Dy Ptcnatnr Heflln, and had never engaged en-gaged In publicity. It waa aald that lha total salary expense for leaning copies of the board's official bulletin waa about U00. Tha bulletin. Governor Gov-ernor Harding aald, waa not used for circulating opinions, but lo furnleh Information In-formation to hankers and ethere. After presentation of tha board'a an-wer an-wer to tha aenate, Ftenator Heflln le-ued le-ued a statement charging It aa "eva-elve," "eva-elve," Insisting that "Inspired articles, full of misinformation, were sent out for tha purpose of deceiving And misleading mis-leading tha people," and promising an address later In lha senate on tha subject.