The Connecticut labor news., 1922-08-11
READ THIS AND WEEP!
By Senator Thomas l. Heffiin.

J The other Senator from New Mex ico made the statement that he did not belong in that class and had not
 made anything out of wool in about i IS years, or words to that effect. | Now I should like to hear the real wool kings here testify who are vot- ing money into their own pockets
 when they place a high tariff tax on wool.
 MT. President, I desire to speak for little while about another matter.
 1 am going to read an interesting document about the governor of the
 Federal Reserve Board, about news paper man being on the Federal re- serve payroll, naming one and asking about others. I have been suggesting for some time to the Senate that l would read this statement.
 I have a letter here from a promin ent banker which says that on page 3o4o of Who's Who in America, edi tion of Io2o-2I, there is a biographical sketch of H. Parker Willis, econom- ist, born at Weymouth, Mass, Au- gust I4, 1874, from which the follow ing Is quoted:
 Associate editor New York Journal of Commerce, IoI2-IoI4, and editor same IoIo
 That means that he was an associ- ate editor of the Journal of Com merce from 1912 to. 1914, when he ceased the duties as associate editor, and after an intefval of five years he went back to the newspaper as editor and was still editor when the Io2o-2I edition of Who's Who was printed. The same sketch then proceeds:
 Secretary Federal Reserve Board, Washington, IoI4-IoI8, and director of research same 1918.
 That means, the letter continues, that Doctor Willis was secretary of the Federal Reserve Board from 1914 to 1918, and that when he ceased to be secretary he took the job of direc- tor of research in 1918 and was still holding the job when the Io2o-2I edl- ton of Who's Who was printed.
 On page 257 of the annual report of the Federal Reserve Board for the year 1920 we find the name of H. Parker Willis listed as director of analysis and research and drawing a salary of $6,ooo a year Is he draw ing that salary now? Has it been in creased or reduced? If he is the edi- is asserted in his biographical sketch
 
 roll of the Federal reserve system at a salary of $6,ooo a year, as the Re serve Board said that he was in 1920, we can very we'll understand why the editorial columns of the Journal of Commerce are so earnest in their de fense of the Federal Reserve Board.
 MT. President, 1 had passed through this body a resolution calling upon the Federal Reserve Board to state whether they had a publicity fund The governor of the board came back and positively stated that he had no such fund. I said there was some way by which they were getting publicity, there was some way by which they were getting into the newspaper columns, and l said that 1t must be that they are putting men on the pay roll to do little. research work of this kind and that in order to cover up what they are really pay ing them for Are they paying cer- tain newspaper men to get publicity for their views and for refusing to give publicity to those who crltlclse their conduct?
 Certain banking and speculative in terests are making a hard fight just now to have Governor Harding re- All news detrimental to their scheme must be kept in the background. If must not get in the papers. Look at the press gallery now, if you please. Watch those who represent some of the great dallles ot the country. Whenever a senator criticises the dehation and the Fed eral Reserve Board on this floor now they leave the gallery instanter They | fly away out of sight and hearing like a covey of birds flushed upon the I field. Why is it that these grave l matters touching the public interest l