New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-06
WILLIAMS UNLIKELY
TO Be CONTROLLER
Wilson's Friends Think He
Will Not Name Assistant
Secretary.
TOO MANY SENATORS
OPPOSE NOMINATION
Presidents Advlces Show Demo-
Gratis and Republicans Against
Appointment.

HPPOibs''>'s'
From staff Correspondent Of The Tribune
Pass Christian. Miss. Jan. 5.-Among
those persons in the confidence Of
President Wilson here It is regarded
as certain that John Shelton Williams.
Assistant Secretary of the Treasury
will not be the next Controller OF the
Currency.
It is believed that the President VIII
not send the nomination TO the Senate
when he learns definitely, as adVlces
reaching here seem TO make clear, mat
the number Of Senators opposed TO MI.
Williams is sufficient TO block his con-
frmation.
The Presidents mail is heavy with
correspondence on this question, and,
foo. there are many letters relating to
the operation Of the currency law. but
they will probably 81 without ofnciai
notice for some time, Mr.. Wilson nav
ing decided to withhold announcement
Of the Federal Reserve Boards per-
sonnel until he gets back to Washihs-
ton.
While there was some outspoken op-
posltion TO Mr.. Williams oefore the
President left Washington, it has not
been until the last few days that its
strength began to show Itself Repup-
rcan and Democratic Senator'S alike
have expressed their objection 10 MS
appointment and they have become
more determined in their stand IN We"
Of the apparent intention a few days
ago Of the President to force his con-
firmatlon.
The feeling against Mr.. Williams
showed in discussion Of the President
DELAY in holding the Office OF Controller
Of the Currency open since last April
so that Mr.. Williams might hold tnat
office. also. and thus draw salary
for the two Offices OF S12,OOO year.
This feeling grew when The Tribune
exposed the part played by the ASSIST
ant Secretary in the absorption OF the
United States Trust Company py the
Munsey Trust Company.
When il seemed possible that MI.
Williams would be confirmed Senator
simmons declared that If the Senate
bowed 10 the Presidents will sweep
ing investigation would probably be
made into the part played by the AS
sistant Secretary in the trust company
scandal. with view TO learning why.
when the Continental Trust Company
made an offer identical with that OF
the Munsey company. il was turned
down. and why Mr.. Munsey was per-
mitted TO take the United States Trust
Company after ex-senator Scott had
offered TO assume the presidency Of
that concern and furnish 100000 Of
his own funds 10 protect the depositors
and stockholders from loss.
T. is contended that the selection OF
Mr. Williams for that important post
mould tend TO weaken the confidence
in the Federal Reserve Board that is
absolutely necessary TO the success not
only Of the board itself, but OF the
entire new fiscal system. and the ques-
,,or ;s raised how such selection
mould he OF any service TO the admin
,s,rat,on in making its policies effec-
tive.
democratic Senators would regard
,rsistence by the President more IN
n,tv than in anger, for they believe
that II would be a most inappropriate
time to demand a show or hands ana
,ha, :, might ALLEVIATE some OF MT.
wilson's strongest supporters
This trend is becoming more anu
r. onnarent 20 the President every
day He is also kept in constant touch
win the plans OF the organization com
,,,i,,ce which is working out the de-
tails of the regional banks. and every
stem made will bear the stamp OF the
Presidents approval.
>frrmurings are heard here from
rouisiana-New orleans, particularly.
whose citizens hold millions Of dollars
,.or,b NJ handsome cottages for miles
along this coast-that free sugar mas
sneIled ruin to the state. These muir
rr,r,rgs are heard despite the optimism
of Democratic members OF Congress
when they speal: for publication.