The Washington herald., 1922-01-14
CABINET HEARS
HUGHES VIEW
OF CONFERENCE
President Hopes Results
Will Please America
And World.
SPEED UP PLANS
TO HELP JOBLESS
Executive Opposes Class
Legislation in Federal
Reserve System.

Cabinet meeting was devoted to the
reception of a report by Secretary
of State. Hughes, in which he ex-
pressed the. utmost confidence that
an early, complete and most satis-
factory report of all developments
In the armament conference would
be forthcoming.
The Secretary explained to his
the status of all of the
negotiations. While he did not
read a copy of the treaty under
he explained what it
made effective. His report was well
come, and later IL was explained
that the President was hopeful that
the final result will please not only
America but the people of the
world.
Act to Increase Jobs.
Another matter that came in for
discussion was the unemployment
situation. Secretary of Commerce
Herbert Hoover called attention TO
the necessity of the various de-
partments doing everything possi-
BILE to reduce unemployment in the
seasonal occupations. President
Harding indorsed the position of
Mr.. Hoover. and he asked all of the
Cabinet members to initiate work
wherever possible to take care OF
the unemployed, especially those
who by reason OF the weather could
not carry on. The President made
IL plain that Mr.. Hoover had his
complete support in all such meas
ures Initiated. and IL was said later
that eventually construction under
all departments will be pushed to
the limit.
The President had before him
yesterday the special report pre-
pared by the Federal Advisory
Council taking cognizance Of the at
tempted legislation to compel the
appointment of a dirt farmer" on
the Federal Reserve Board.
oPPeses C1a.. LeSisistfea.
In this connection 1t can be stated
that the Prestdesst personally 81
proves OF the, sentiment behind the
agitation for this sort of leeisla-
ton. He would willingly appoint a
practical farmer to any job in the
gift Of the administration But he
is opposed to class legislation in
every form and has no hesitancy
In saying so.
iHe report WHICH was ufed with
the President by the Federal Ad-
visory Committee declared at the
outset that "a grave situation ex-
lists which endangers the safety of
the Federal Reserve System"
Attention then was called to the
Senate bill demanding the appoint-
ment of person whose business is
farming" to the next vacancy on
the Federal Reserve Board. This
was characterized as class legisla-
ton" and attention called to the
fact that IL farmer. then why not
later. in successive stages, labor
and every possible interest in Amer
lea.
Two Principles Set Forth.
II the legislation were to be
adopted, the advisory committee de-
clared. IL would indorse the "un-
warranted" assertion that the pres
ent plight of the farmer lie due 10
the maladministration of the Fed
eral Reserve System. II was then
stated that the report of the joint
Committee on Agriculture shows
that the slump in the price of agri-
cultural products is world wide
The reasons of course, was pointed
out in that II is impossible to tam
per with the law of supply and de-
mand. At great length the report
explained the operations of the
Federal Reserve Board system and
denied emphatically that the farmer
ever has been slighted.
In conclusion two principles were
set forth in detail about as fol-
lows:
The Federal Reserve system must
be kept inviolate as just, what IL
is characterized as being-a FEEDER
al Reserve system. All political
pressure from without or from
within must be resisted.
All class appointments must be
resisted at any cost.
His Attitude on Bonus.
The President has made IL plain
repeatedly that he will not favor
any class legislation. However he
agrees. II Is understood, with those
who would insert In the law Great
ing the Federal Reserve Board an
other appellation. The law now in
sists that appointments shall be
from those who represent irdus-
trial, commercial and geographical
divisions. In the opinion of the
President, II Is understood. there
should not be inserted. But to make
IL mandatory that any special class
should be appointed would be ar
unwarranted interference by the
legislative branch of the goverr-
ment with the judicial branch. II is
believed.
The administration likewise is in
sistent that it will rot buy a pig
in a poke" in dealing with the pro-
posed compensation for service men.
The country has been deluged with
propaganda that quotes the Presi-
dent as favoring enactment of a
soldiers bonus act that would de-
would come of the refuEding plan
pend for it's funds on whatever
dealing with the foreign debt.
Resent @Geld Brick" Msve.
High administration officials de-
clared last night that they were
absolutely and unalterably opposed
to anything that would have even
the semblance of an attempt to
gold brick" the defenders of the
nation. The President. II can be
stated. never will initiate anything
that will deceive the service men.
The foreign loans are not funded.
II Is understood that the President
considers that II would be ridicu-
bous to predicate a soldiers bonus
on any refunding proposition that
remains In "a nebulous state. Mo-
body knows and nobody can tell
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