The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-08-18
McCumber May
Be Made Head
OF War Finance
sy DAVID IAwkENoH
(copyrtghs by The Inte'nSsnesf'

Washington, Aug. Il President
Harding is in a maelstrom OF problems
each crowding upon his attention so IN
tersely that he is striving IN vain 10
do one thing at time.
Appolntments 10 the all important
federal reserve board. the ever threat
enins question OF the soldiers bonus
bUl. tho last minute changes In the
tariff bill will make the Fordney-Nc-
Cumber act even harder for the exc
outive signature: tho regulation OF
coal prices and half dozen other pro-
blCms which will come as az after
rnath to the settlement OF the rail ana
coal strike are competing with each
other for presidential consideration
Would Please Farmers
Mr. Harding wants his appointments
q the federal reserve board 10 please
the farmers. He wants at the head OF
the board also a man closely n sym
pa,hy with bis own ideas II what
had been done BY the government IN nc
banking world. Those ideas are large
" the inspiration OF MS ltfe-lcnS
friend and banking adviser. d. r..
Cr.ssinger. Of Marion. Ohio, who at pre-
sent Is comptroller OF the currency.
II President Harding hai !ntcna4o
70 reappoirt W P. c.. Harding. the CHIEF
executive would not have allowed he
term Of the federal reserve board s
governor TO expire. TIE C.ls-ai ma
preston IS that the pre~,den :nt MS 10
have Governor Harding stay IN until
a successor is appointed.
Besides Mr. CrisstnSer. there Is Eu-
gene Meyer Jr.. who as Heal "t the war
finance corporation has Performed 4
service which President Harding coz
TX a hSly
ful to the nation as a whole and the
farmers and cattle growers and live
stock men In particular. Many western
ard southwestern business men favor
the appointment OF Mr. Meyer 10 the
federal reserve on the ground that II
the personnel Of the board had been
alive to It's opportunities 1t would have
made tho revival OF the war finance
corporation after the war unnecessary.
Chance For Mccumber
Should Mr.. Meyer be moved up 10 the
federal reserve board or be made com
ptroller of the currency. which officer
IS by law a member OF the same board
by reason Of the office he holds. there
Is a cnancs that Senator MCCumber. OF
North Dakota. chairman OF the senate
finance committee, might be given the
place.
Mr.. McCunber was defeated for re-
nomination In the Republican primaries
In North Dakota recently and his term
expires next March. The president Il
said 10 be anxious 10 take care OF Mr.
McCumber and the job OF managing dl
rector OF the war finance corporation
pays $4,000 a year which is moro thar
a senator gets.
Vacancies like this DO not occur every
day, and II Mr.. McCumber were TO be
como managing director OF the wa
finance corporation IN order TO MAKE
the shift complete. he would have q
resIgn from the senate al once. Tht
IN turn would make Senator Smoot. o
I-tah. chairman OF the finance commit
tee Of the senate a few months soone
than otherwise would have been the cas-
aud would give Mr.. Harding the henetl
~ NJ Shoots sNtraordinary familiar
nv with Republican fiscal and tariff
poIicies IN the short session OF consreS
I, December. II not In tho au-tmportan
closing DAYS Of :he present special ses
sion. which may last until mid-Sep
ten'her.
Politically speaking. there would
no particular Significance In the az
ro,rtmcrt Of Comptroller Crissnger |
take the place OF Governor HardinS
a Democrat from Alabama MI. Girls