Evening star., 1923-01-12
CR|SS|NGER NAMED
TO RESERVE BOARD
Controller to Succeed Hard
ing. G. McNary, New
Mexico, His Successor.

Mexico, His Successor.
Daniel f. Crissinger of Marion. Ohio.
controller of the currency, was today
nominated by President Harding to
be governor of the federal reserve
board, TO succeed ". p. G. Harding,
whose term expired October /, last.
At the same time the President sent
to the Senate the nomination of James
c. McNary of New Mexico, to succeed
Mr.. Crfssinger as controller, and Milo
ID. Campbell of Michigan to be the
dirt farmer" member of the Federal
Reserve Board, which position was
created in a recent act of Congress.
The appointment. of Mr. Crissinger,
who is close friend of the President,
had been expected, it being under
stood when il was recently learned
definitely that w. p q. Harding was
not to be considered for reappoint-
ment.
He was among the most active of
the home supporters of Mr.. Harding's
candidacy for the presidential nomi-
idItOH III l5-b, ana AFTER the nOmIna-
ton, when it was determined that
the campaign should be conducted
chiefly from the Harding front porch,
ne was chosen president of the Marion
Civic Federation, organized to deal
with the difficult problems of the re-
ceptioE, entertainment and care for
the city's guests during the cam
paign.
Appointed Two Years Ago.
With the incoming of the new
administration, President Harding
named him to be controller of the
currency, in which position, in addi-
ton to the general. administrative
supervision of the national banks, he
has been an ex officio member of the
Federal Reserve Board. He has thus
acuired a thorough familiarity with
the national banking situation, as
well as with the duties and functions
of the Federal Reserve Board.
Mr. McNary is native of New Mex
leo and prominent financial and
business man in the southwest He
has for long period been extensively
interested in banking throughout that
region, and in addition has large
holdings in lumber development in
Louisiana. In his earlier career he
was engaged in the newspaper busi-
ness at Las Vegas. n, NJ. A number
OF years ago he reorganized a bank at
Ell Paso and through this operation
became president of the First Ma
tional Bank at Ell Paso. His large in
terests in both Texas and New Mex
leo have given him intimate acquafnt-
ance with the entire southwest coun-
try. He has served as president of
the First National Bank of Ell Paso
and of the First National Bank of Las
Vegas, member of the board of the
First National Bank of Albuquerque
and connected with various other
banks. During the war he offered his
services to the government and was
with the Y. NJ. G. A. in France in an
important capacity.
Mr. Campbell, whom the President has
selected from a long list of dirt farm
erS" recommended for apDoiutment to
the Federal Reserve Board, is a native
of Coldwater. Mich, and has been ac-
tive in behalf of farmers organizations
Because of these activities he is known
throughout the country. He was elect
ed to the legislature in 1885, and from
1885 to 1891 was secretary to Gov. Luce
Later he became insurance commits
sioner, making a record for efficiency
He is credited with accomplishing a
great reduction in the insurance charge
of the state and in forcing doubtful or
fraudulent concerns out of business.
Following his services in this position
he was appointed chairman of the state
tax commission and was among the
leaders in tax reforms, whereby s3O0
900 was added to the taxable basis
of the state. The entire system of rail-
road taxation was reorganized in this
period.
Record of Activities.
Mr.. Campbell has been president Of
the state board of prisons and re-
formatory institutions, mayor of
Coldwater and United States marshal
for the eastern district of Michigan
Throughout his career he has been
especially interested in farmers con-
Germs, and is at present president of
the National Milk Producers Asso-
citation and prominent in other farm
ers' organizations. He has been
prominent especially In developing
programs of cooperative business
organization among farmers. and has
been widely in demand as a speaker
on these and related topics.
Mr.. Campbell has been a practical
and working farmer all his life. He
personally manages his two farms on
the outskirts of Coldwater, Mich,
which are widely known as models
of agricultural efficiency.
will very shortly send to the Senate
the nomination of the successor to
Justice Pitney. who recently retired
from the United States Supreme Court
1t is believed in official circles that
the list of possibilities for this high
post has narrowed down to two or
three names 1t is thought likely by
some that the President has made up
his mind regarding this appointment
and that he will make known the ap-
pointment within the next twenty
four hours. Guy D. Golf, until re-
for the past eight years United States
district judge for the eastern and
middle districts of Tennessee, are
understood to stand out prominently
in connection with making this ap-
pointment.