Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-10-21
: ARE NOTIFIED Of CLOSE
OF TERMS Of SERVICE
Employees Of Reserve Bank Organi-
cation Committee to Be
Dropped October 81.
Procedure Necessary Prior to the
Transfer Of Currency System to
Federal Board.

All members of the clerical force,
about seventy strong, Of the reserve
bank organization committee were noti
fed yesterday that the terms of their
service would end at the close of the days
business October 81. This is a formal
procedure, marking the prospective ter
mination of the labors of the reserve
bank organization committee and the as
sumption by the federal reserve board of
all responsibility for the new currency
system.
At the same time it means that many
of these clerks now employed by the or
ganization committee will not be at once
taken into the employ Of the federal re-
serve board; 1t probably means that
many of them will not be included in the
federal reserve board clerical force. But
in the notification that the terms of
service are about to end it was made
clear that the federal reserve board, in
organizing its clerical force, will select
from the force of the organization COM
mittee to make the initial small nucleus
of what, in time, is bound to be a larger
clerical force than that now employed by
the bank organization committee.
To Retain Third of Clerks.
About one-thfrd OF the clerical force
of the organization committee. it is
proposed. will be retained by the fed
eral reserve board for its own clerical
force. The process of selection prob
ably will begin at once By November
l. it is expected. the personnel. for the
time being. will be determined upon
The first small force will be augmented
the work grows.
The federal reserve board. without
funds of any sort at this moment. has
not single clerk in its employ, but is
depending upon the force of the organ
ization committee for all clerical labor.
The members of the federal reserve
board. its counsel. secretary and assist
ant secretary-all the present officers
are looking to the future for payment
of their accruing salaries. 1t is ex-
pected that the federal reserve board
will make levy upon the federal re-
serve banks without delay. and be pre-
pared to meet the first pay day, prob
ably November Is.
Record and merit are to be considered
in selecting clerks from the present
pay rolls of the reserve bank organize
ton committee for the clerical force of
the federal reserve board. There is no
assurance given that the clerks whose
services terminate October 81, and are
not at once retained. will form an eligi-
BILE list from which further appoint
ments will be made. 1t is intimated,
however. that those who have done
faithful and efficient service under the
organization committee will find their
applications favorably considered when
any increase in force is contemplated.
Appreciation Shown of Work Done.
There Is appreciation of the work
done by the clerical force of the or
ganization committee by members of
the organization committee and of the
federal reserve board who have been in
contact with it prior to the organiza-
ton of the board. Much overtime work
has been done without complaint, and
the general clerical standards have
been high. The inefficient may not find
opportunity in the future, it is limited:
but those whose records warrant will
not be regarded unsympathetically in
future selections for the clerical force
of the federal reserve board.
There is likely to be considerable po
litical and other outside pressure
brought to bear upon the federal re-
serve board to obtain berths for many
not now employed by the organization
committee. This is likely to be firmly
resisted. as there is expressed purpose
to make efficiency and capability the
standard of employment The qualif-
cations of those who are already ac-
quainted with the work, with expert
ence gained under the organization
committee. and who have performed
their labors creditabiy it is assumed.
will prove large asset in support of
The federal reserve board, it is I'M
derstood, will employ few experts.
These will be drawn from outside
sources. as there is in the force of the
organization committee little or no ex-
pert material not now engaged per-
manently, in some official capacity,
under the federal reserve board. 1t is
suggested, too, that the proportion OF
stenographers to typists and general
clerks will be larger than under the
organization committee.
Employees Acknowledge Notice.
The notice of termination of service
was passed yesterday through the
offices of the Treasury building in
which is quartered the force of the or
by heads of divisions as we'll as ste
nographers, clerks, messengers and
charwomen. Even those employed as
to individual members of the federal
reserve board, in view of the fact that
they are on the same pay roll and
paid from the only fund available
that of the organization committee
came under the same necessity of sign
ing.
There are three charwomen and eight
messengers, and the rest of the force is
about evenly divided between general
clerks and stenographers. The notice
to them was issued by Secretary Ell
lott of the organization committee, now
counsel for the federal reserve board.