The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-25
". P. c. HARDING
IS TO UNTANGLE
FINANCES OF CUBA
Birmingham Financier viii
Leave Soon For island His
Reappointment on Reserve
Board Doubtful
BY HUGH w. ROBERTS
Washington Bureau. The Ago-Hera
500 Davidson Bull

500 Davidson Building.
Washington, October 24.-(Spe-
cial.)-At the request of President
Harding, w. p. c. Harding. former
Governor of the Feleral Reserve
board, will endeavor to straighten
out the tangled finance Of the Cuban
Republic.
Mr.. Harding declared tonight that
in all probability he would leave next
month. although definite information
regarding his time of departure will
depend on suggestions from the
President of Cuba.
While Mr.. Harding said nothing to
this effect, it is the understanding
that he agreed to assist Cuba in
floating a $50.00O,000 loan and in
otherwise bringing order out of
Cuba's financial chaos, only ON the
earnest petition of the Secretary, of
Treasury and the President II is
anticipated that his duties in Cuba
VIII be of temporary nature and
that the title of financial adviser to
the Cuban President will remain in
possession of General crowder, who
has been two years in Havana.
Regarded As Trust
The commission is taken in Wash
ington as an indication of the con-
fidence placed by Secretary Mellon
and the President In the finaciai
ability of Mr.. Harding. BY some 1t
rs also taken to mean that the Presi-
dent has determined to appoint
another than Mr.. Harding to the
governorship OF the federal reserve
board, which position is still vacant
as result of the expiration of Mr..
Hardings term, August o. BY others.
the assignment of Mr.. Harding to
Cuba is not regarded as proof that
Mr.. Harding will not be again gov
ernor of the board, but simply that
when confronted by a grave
financial crisis the President turned
to the Alabama financier.
AS previously pointed out, there
is no question but that the President
holds Mr.. Harding in high regard,
and disagrees with politicians, who
have criticised the deflation policy
OF the Wilson administration that
Mr.. Harding was acting purposedly
to the advantage or any class of So
ciety. The Presidents first Impulse
was to Grant the, request OF Secre-
tary Mellon that Mr.. Harding be re-
appointed. In face of opposition by
democrats to the appointment OF THIS
democrat however, the President
gave heed to the suggestion OF
republican politicians that the berth
be preserved for one OF the lame
ducks to be produced by the congress
sional elections, November 7.
Fr~isnEhnysen's fihapces
II is, therefore, regarded as
probable that IL Senator Frelinghuy-
sen of Now Jersey is beaten by his
democratic oppent Governor Ed
wards, for reelection. which seems
certain, Senator Frelinghuysen, will
be the next governor OF the federal
reserve board. The Senator regarded
as t"reactionary" as any other
republican in the United States
Mr.. Harding indicated that his
assignment by President to Cuba
would not long detain him on the
island. IT is the understanding, how
ever, that IL Mr.. Harding should
desire the position. he could have
an appointment as representative OF
President Harding in Cuba and
financial adviser to the Cuban gov
eminent.