The Birmingham age-herald., 1922-07-18
HARDING SLATED
 ID SUCCEED SELF
 AS BANKING HEAD
Bitter Senate Fight Presaged, Correspondents Predict. Term of Governor Ex-,
 pires August 9
By HUGH W. ROBERTS

500 Davidson Building.
 Washington, July 17.--(Special.) Newspaper correspondents received the tip today from sources regarded as close to the President that W. P. c. Harding of Birmingham will be reappointed governor of the federal reserve board.
 According to this tip, the name of Governor Harding will be sent to the Senate contemporaneously with the nominee for the vacancy recently created by an act of Congress and reserved for a dirt" farmer The term of Governor Harding will ex- pire August 9. Already, Andrew " Mellon. Secretary of the Treasury, has indorsed him for reappointment.
 Battle Presaged
 If this tip is correct, 1t presages battle royal in the Senate The President has been importuned by bankers and business men throughout the United States to give Governor Harding another term. By certain senators and heads of farmers ,,r- ganizations, the President has been urged to name another. From the farmers themselves, no word has reached the President
 The Senate fight will be long and of doubtful issue, it is indicated. In the first place, 1t is possible that an investigation will be ordered into the administration of the governor, this despite the fact that investigations have already been made. This would cause great delay, and the vote of the Investigating body will depend on rhe nature of that body. An investigation by the agricultural committee might have one result; by the finance com mittee, another
 .... Vote Doubtful
 !. The vote in the Senate likewise will be doubtful. Senators from az ricultural states, however. will not stand unanimously against Harding. It is anticipated that the following senators from cotton growing states will support him: Glass and Swanson of Virginia. Simmons of. North Car oiina, Dial of South Carolina Shields of Tennessee, Williams and Harrison of Mississppi, Ransdell of Louisiana. i. Owen of Oklahoma and Underwood Of Alabama.
 The bitterest opponents of Cover nor Harding win be Senator Heflin of Alabama, and Senator Watson of Georgia. By no others will bitter ness be shown although it is pre- sumed that Senator Capper Senator Norris and other influential repun- licans will oppose him.
 HefIin Attacks
 The Harding case has become a cause celebre because of the differ ence in opinion respecting the ad- visibility of the deaatiX policy in- stituted by the board whe n the conn try was running wild on a course of prodigality.
 Everybody was hard hit by the tightening up of money. Senator Hefln declares this policy was de- vised to crush the farmers among whom Harding was reared. He con tends that but for this. policy. farm CTS would be well off today whereas because of 1t. many thousands were driven to suicide He readily en- listed the aid of, Senator Watson of Georgia.
 On the other hand certain senators contend that the. deflation policy. as sharp as it was. was necessary, and tfat 1t prevented 2 panic from which the country would not by now have even tended to recover. At any rate, the policy was. instituted under the observation of President Woodrow Wilson and at the instance of the then Secretary of the Treasury Hous- ten. and was not changed by the President, although for political reason1--it was during the presidan- tial campai gn-W. c. McAdoo ap- pealed to the President to order a change.
 Two Views Taken
 It was either a democratic blunder or stroke of statesmanship bas. d so firmly on principle that even for
 tContfnued on Page Two.)