The Washington herald., 1918-04-30
WAR FINANCE
MEN SELECTED
BY PRESIDENT
Men of Big Affairs Will d.
Z rect Business Of the
Country.

The organization Of the War FL
nance Corporation. which is to have
q dominant influence over the busi-
ness Of the country for the period
Of the war, was completed by NOM
nation of directors by the President
yesterday He also named seven
/. members of the Capital Issues Com
mittee which. under the new act,
Is to supersede the committee which
has been passing on issues of securi-
ties. The nominations were as fol-
lows:
To be directors Of the War Finance
Corporation:
william P. G. Harding. Of Alabama,
for term OF two years.
Allen B. Forbes. of New York, for
q term OF two years.
Eugene Meyer, jr., of New York.
for a term of four years.
Angus w. Mclean. OF North Caro-
lima, for a term of four years.
Nominations to be members OF the
Capital Issues Committee were as
follows:
Charles S. Hamlin, OF Massachu-
sets.
JOnn SkGllOn w OI
Frederic A. Delano. OF Illinois.
James B. Brown, Of Kentucky.
John s. Drum. of California.
Henry c. Flower. Of Missouri.
Frederick H. Goff. OF Ohio.
Men of Big Affairs.
All of the nominees are men Of
big affairs and large responsibilitic-.
and the President is said to have
gone over practically the entire Ii
of eligible men to make his selec-
tions in the realization that the di-
rectors of the War Finance Corpora
tion and members of the Capital
Issues Committee would be clothed
with great power for good or evil
IN directing the business Of the coun-
try in war times.
Mr.. Harding is the governor and
member of the Federal Reserve
Board. He was president of the First
National Bank OF Birmingham when
called to Washington to become head
of the Federal Reserve Board.
Allen B. Forbes is senior member
of the firm of Harris. Forbes and
. Company. Of New York and Chicago.
and is recognized as an international
authority on securities.
Eugene Meyer, jr.'s- business ac-
tivities cover wids range connect
ed with the placing and marketing
Of railroad, industrial and mining is
sues.
Angus W. Mclean is. banker.
lawyer and business man of wids
experience.
Capital Issues Committeeman.
On the Capital Issues Committee
Charles S. Hamlin is a member of
the Federal Reserve Board. He serv-
ed as Assistant Secretary of the
Treasury under President Cleveland
and again under President Wilson, re-
signing to become a member OF the
Federal Reserve Board.
John Skelton Williams Is Comptrol-
/; Ter of the Currency ard a member of
the Federal Reserve Board.
Frederick A. DeIano, Is a member
OF the Federal Reserve Board He
was general manager of the Burhng=
ton Road when he retired in 1905 to
become consulting engineer to the
War Department in relation to rail-
roads in the Philippine Islands.
James s. Brown is president of the
National Bank of Commerce of that
city.
John S. Drum has been president
OF the Savings Union Bank and Trust
Company of San Francisco since 1910
Frederick II. Goff is president of
the Cleveland Trust Company.
Henry c. Flower organized the FL
, deity Trust Company and has been
president since organization. He Is
also president Of the Title and Saw
ings Trust Company.
Organization of both the War FL
nance Corporation and the Capital
Issues Committee will be Immediately
effected. The law is quite broad,
but lacks penalty clauses, so that
its enforcement will be largely a mat
ter of cooperation on the part Of
the business men who come within
its sphere of influence. State gov
ernments have been asked to CO.
operate with the new Capital Issues
Committee in order that no securi-
ties shall be issued except for neces-
sary war enterprises Of improvements
affecting public health.
Under the law the new War Finance
Corporation can extend government
aid to new enterprises, and Treasury
officials are certain that it will prove
great aid and standby to the busi-
ness interests OF the country in the
trying times of war.