Show A CABINET AT ODDS I 1 I T SF Banker Reynolds Rt or reported Secretary of i r IF tho Treasury McAdoo to the tho bankers bankers' c conference i 1 at Chicago a n. remarkable situation o.- o. exists in in President I dent dont s 's cabinet A At t tho the moment Secretary t i Bryan was mS reiterating his own and aDd the tho lre Presidents President's unfaltering unfaltering- adherence to the basic provisions i of the tho administration currency measure Secretary McAdoo I was wasI a at assuring assuring- this leading banker that these particular I features would bo be modified It will bo ho diverting to observe whether Mr McAdoo will maintain ain his position position position tion or retreat by declaring ho he was misquoted and misrepresented Judging him by past pant performances i wo we sno should ld ay le lie will repudiate Tinto the tho interview V with r Mr Reynolds The fundamentals of the ilia currency measure upon w which ich Mr Bryan declares ho be and the tho President will I insist are those C to which tho the bankers register most objection They are arc those also that Secretary McAdoo Mc Mc- Adoo Moo assured the Chic Chicago banker would bo ho modified The changes tho the bankers desire and which Mr r. r McAdoo McAdoo McAdoo Mc Mc- Adoo thus guaranteed them would remove rumo-o the tho federal federal federal fed fed- eral reserve board from politics by taking tho the appointing appointing appointing ap ap- pointing power from the tho President the they would also g give go o tho the advisory ad board of bankers tho the power of veto voto over o proposals concerning the management of tho the reserve rei re re- i J serve banks It can readily bo ho comprehended that these those modifications would comprise tho surrender of principles to which Bryan and Wilson have e both heretofore heretofore here here- I expressed unalterable devotion Government control of tho the issue of money through gh ghI gha i I a board composed of government officials appointed j I by bj tho the President epitomizes in Mr r. r Bryans Bryan's own language the tho important feature of this measure In his letter to Chairman Glass of the tho currency com corn comI committee I written to hearten him in ill his struggle the tho Secretary of State reaffirms his lis tenacious loyalty to toI I that t idea At the tho time the N Nebraskan was penning these sentiments Secretary McAdoo was closeted with I f President Reynolds of a groat Chicago o batik bank declaring I in ing inn to him hins as Mr Rc Reynolds y molds reports that the tho administration administration ady ad ad- I ministration desired to do all in its ita power in remedying remedying remedy remedy- t ing tho the defects of which we wo the bankers have hae complained com- com 1 I The Tho length and breadth of that assurance eau be bo accurately gauged gauged by bj the circumstance that the idea upon which ll eh Mr r. r Rry Bryan n masses ma s s his influence i is that to which the bankers m ml l t strenuously object Tim The impression Secretary McAdoo made upon C Banker Reynolds may roo best bo be gleaned from the latter's own words word in iii reporting to the conference of bankers bonkers as s follows I bellevo believe we can have havo ch changes made In th the wor wording o oC the tho o dame use e referring to the chairman of ot the federal reserve re reserve reserve re- re serve board which will rem remove 0 it from politics I believe be bo- lIe lieve we can cnn have havo the advisory nd committee of oC bankers clothed with tho tie power of or veto In connection with t the management of tho the reserve banks Secretary Bryans Bryan's letter of Friday to Chairman Glass i is not necessary to a comprehension of the tho bitterness bitterness bit- bit s with which he will oppose the taio changes of which President Reynolds felt so confident after his visit to the Secretary of the Treasury Government Go control of the issue of money and government issue I C of f the notes to bo be loaned to tho the banks arc are the fundamentals fundamentals funda funda- of Mr Nr Bryans Bryan's currency cu creed Ho can se- se secure oure cure them only by placing tho the federal reserve absolutely i 1 1 lutc v under tho the control of tho the government go and by 1 divorcing the tho bankers front from any connection with it Tho The suggested modifications of the measure would defeat what Mr l f fE r r. r Bryan and tho President desire ire Tf If i l E Bec Secretary McAdoo i is correctly f tl by Iw- Banker Danker f Reynolds Roynold he lie is at total towI variance with hi his associate and md nd his chief and if it be bo true he lie aided jn in m framing the tho currency legislation he has repudiated his own supposed beliefs b with ith tho the dexterity of a n. lightning- lightning change artist and lIld the tho conscienceless readiness of a aWall ai i Wall Vall street tool |