The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-06

the War Finance Corporation and It's
conversion into a peace finance cor
poraton to meet necessary business
adjustments after the war.
Fifth, continuance for time at least
OF the policy OF extending credits to
foreign Governments where such
credits arc needed for reconstruction
ana for the purchase of food.
Sixth. continuance of the measures
already taken for the establishment OF
the parity Of the dollar on all ex-
changes. The end of the war has done
much in this direction.
seventh, continuance of the policy
OF urging upon all soldiers and sailors
retention of the Government insurance
carried by them.
Eighth, for the broadening OF the
scope of the Public Health Service,
giving 1t full control Of all measures
relating to health and hygiene for the
protection Of the public and for en-
forcing industrial hygiene.
Continuing Trade Policies.
Ninth, continuance Of the Latin
American policy OF fostering commerce
and trade as the keystone to closer re-
lations.
The financing programme for the
next three months has been fixed
through the periodic issuance Of short
term certificates Of indebtedness so
that the new Secretary will have ample
time TO study the situation and plan
the next great loan. Secretary Nc
Adoo had considereotone more big loan
as necessary to clean up the war bills
and put the nation back to a peace
basis
The fitness OF MIR. Glass for the
Treasury post was suggested even be-
fore IL was known that the President
had him in mind. AS chairman of the
House Banking and Currency Com
mittee he has been the author OF many
of the money laws under which the
Government is operating, notably the
Federal Reserve Banking act. and has
been in close and sympathetic touch
with the administration of the Treas
ury Department and Of the Federal
reserve system through the sizayeers
of the present Administration His
selection. II Is expected here, will mean
the continuation of the present policies
of the Treasury Department. Mr..
Glass as much as said so to-day when
he declared there would he no change
in policy.
Mr.. Glass is one OF the veterans of
the House, having first served in the
Fifty-fif Congress when he was
elected to I'LL the uneNpired term OF
P. ]. Otey who died. He has been
continuously in the House since then.
Lauded by Retiring Secretary.
Secretary McAdoo had this state
ment to make of his successor. who II
is understood nc virtually. named:
THE acceptance by the Hon. Carter
Glass OF the Secre;aryship Of the
Treasury will. am sure. give great
TO the entire country. Tho
tremendously important part lie had
in the formulation and passage of the
Federal reserve act, his familiarity
with banking and economic problems
growing out Of his long service in
Congress and for the last six years as
chairman Of the important Committee
on Banking and Currency of the
House, have earned for him the con-
fidence Of the financial and business
interests Of the country as well as Of
al classes OF the people.
HE has unusual qualifications for
the great Office for which the Presi-
dent has nominated him. Personally
I am deeply gratif'ed that Mr.. Glass
viii be at the helm of the Treasury,
and I am confident that he Will eive
the country brilliant and satlsfac-
tory administration