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Show RESERVE BOARD MEETS WILSON Washington Aug. 13-The federal reserve board, the powerful body which is to control the country s new banking system, set its organization going today It held It.s final formal session, called on President Wilson and adjourned until Monday. Every member of the board. Including Includ-ing Secretary McAdoo. who presided, and lohn Skelton Williams, the comptroller comp-troller of the currency, attended the first session Protests from BaPl morf and Omaha against selections Ijv ihe commit: ee were submitted, j and Secretary Flliott was directed to "prepare a method ot procedure in hearing of these protects to be sub-milted sub-milted at a lutiire meeting " The president, in greeting the board, showed plainly the effects of his i;rief and ihe strain he was under un-der during his wife's last illness His iroice trembled as he referred to the sacrifice some of the board made In j accepting rhe office He told the board that it was extremely fortun- I ate that at last all reasons lor delay- ing the organization of the board were removed, and that he felt sure the country now could 'proceed to the organization of a system I tee! ; that will relieve, steady and reassure the country In many w ays " ! "Recent!) In the extraordinary clr cumstances now exisiing in the world at large," added the president "v. have been obliged to resort to legislation legis-lation intended for unusual circumstances circum-stances a resort which would not have been necessary if we had had the organization which you are now about lo consummate and put Into operation op-eration 1 look forward with the greatest confidence to the result because be-cause I believe we have devised a system which, though novel in some particulars Is clearlj adjusted to the Circumstances of American Industrial and commercial life; that has an element ele-ment of local self-government in it which is quite consistent with tin-analogies tin-analogies of our political life, and the URDUS oi our regional ine. "1 am, personally, very happy to have played a small part in bringing this plan to o consummation, and I am particularly happy that you gen- tlemen have consented to serve the ! country in this disinterested way and I to afford a guidance to which I am sure it will respond with the great-I great-I est alacrity. I know what sacrifices sacrifi-ces many of you have made, and, after af-ter all, there is not real service for j which we do not pay some price. The jS very fa- t that personal sacrifice Is flfl I involved is a guarantee to the country coun-try of what the results will he. We will not serve ourselves, but the country coun-try at large. ' j J |