The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-12-25
TO NAME WILLIAMS
TO BE COMPTROLLER
IS ALMOST CERTAIN
Wilson's Present Plan is to APP
point Richmond Man for
Position Soon After the Con-
qress Assemblies Next Month.
Secretary McAdoo Announces
He VIII Begin Immediately
Work of Recognizing Cur
rency System, Secretary
Houston Helping.

WASHINGTON, Dec. 24.--Secretary
Of the Treasury McAdoo announced TO-
day that with Secretary Of Agriculture
Houston ne will begin Immediately the
work of reorganizing the currency
system according to the provisions OF
tYs Glass owen currency law, which
President Wilson signed last night
In making this announcement Mr.. Nc
Adoo referred to Secretary Houston
as one OF the best students or the
currency question in the country,
The president will make no appoint
raent Of comptroller of the cur
rcncy during the recess Of congress-
soon after congress assemblies In
January. however. ne will anriounce
the selection Of Assistant Sec. etary OF
the Treasury John Shelton Williams
for this position, according 10 MS
present plars.
Mr.. Williams will assist the two
secretaries as q member Of the organ
lzatton committee authorized by this
law 70 perform the preliminary work
OF inaugurating the new system.
Work Without Kane
Meanwhile Secretary McAdoo and
SECRETARY Houston Will work withous
the assistance Of Acting Comptroller
OF the Currency Kane. A LEGAL ques-
ton was RAISED as TO the right OF MIR,
Kane tn serve as "a member of the
erzva nizafiey, committee because he Ia
TIL a IT-vfEs -----rs ~
has been confirmed by the senate,
The conclusion not oask the acting
rnutrolla~ Il, serve on the committee
was reached after conference be
tween Secretary McAdoo and the
president In view of the fact that
the law provides that a majority oi
the orSanlzafSon committee shall con-
stituse a quorum with authority to
act" Il was deemed unnecessary to
test the doubtful legality Of bringing
Mr. Kane upon tfae committee.
Another fart which was considered
was that the latter official would have
opportunity To get only q cursory ac-
auaintanxa with his duties upon the
committee before hA would be sue
cee1ed by n newly appointed comp
troller.
Tomorrow afternoon tire two cahi-
net members will inset fer discussi on
Of their duties and will endeavor ia
map out in general way the wor
which they and their assistants must
perform. We are not going 70 per
nit the grass TO grow under our feet,
said Mr. McAdoo today.
Issue Statement To-day.
After tom orrow's conferences q
statement will ne issued upon the re-
organization work. In few days
also formal notice Of the enactment
of the new Jaw will he mailed TO every
bank In the country. calling attention
to the provision that national bank
ut the end o. sixty days that have '1ol
slgnified their acceptance of the term:
of the measure, shall cease TO do 9
reserve business
Administration officials generally
were much encouraged today over the
steady inflow Of kilograms TO this
treasury department bearing applica-
lions for incorporation papers. A few
Of these came from state banks. Ths
mum Der OF applications received today
exceeds one hundred, bringing the
total to about three hundred and flfty
Among the applications were many
words of approval for the measur.
and scores of similar messages reach.
ed the White House and were openeI
by Secretary Tumulty These mes
saEes were regarded as proof Of wha'
President Wilson called last night
'the sudden acceptance OF the meas
ure by public opinion everywhere"