The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-01-19
DAWES TAKES
REINS OF U. s.
BUILDING FUND
Former Envoy to Britain Is
Choice to Direct
Reconstruction.
STIMS0N TO GENEVA
Secretary of State Named
to Head U. S. Group at
Arms Farley.
STIMSoN TO GENEVA

BIZ United Press
WASHINGTON, Jan. 19.-Presi-
dent Hoover today announced the
partial personnel of his new two
billion dollar reconstruction corpor-
alton.
Charles G.. Dawes, he revealed,
will retire as head of the American
delegation to the Geneva arms con-
ference and become head of the
corporation.
Secretary of State Stimson will
succeed Dawes as head of the arms
delegation.
Eugene Meyer, of the the reserve
board will become chairman of the
directors of the finance corpora
ton.
Mr.. Hoover said that the names
of other directors of the finance
corporation would be announced
after conferences which are to fol-
low final passage of the finance
corporation bill in congress.
Some Democrats
The President said he wanted to
maintain the nonpartisan complex
ion Of the corporation, intimating
that some of those named to the
board would be Democrats.
Stimson will not leave the dele
cation for Geneva Wednesday, it
was brought out. Hugh Gibson,
United States ambassador to Bel
GUM and a member of the dele
cation, will fill Stinsons' place at
Geneva for the time being.
The president, in making the an
nouncement, said:
II have requested General Dawes
to accept the position of president
of the new reconstruction corpora
ton. 1t is gratifying to state that
he has accepted. Eugene Meyer,
governor Of the federal reserve
board, also will be chairman of the
board of reconstruction corporation.
OF Both Parties
In order that we may preserve
the nonpartisan character of the
institution, the other directors will
be chosen after consultation with
leaders of both political parties
upon completion of the legislation.
II announce General Dawes
name at this time because of the
required change in plans as to the
Craftsmanship of the delegation to
the arms conference. Otherwise,
General Dawes would be leaving
for Europe Wednesday.
In view of the change in Cen
eral Dawes plans, Secretary Slim
son has undertaken the chairman
ship of the delegates to the arms
conference at Geneva. The Secre-
tary will not attend the opening
meeting, but will take part in the
work of the commission after the
preliminaries have been disposed
Of Ambassador Gibson will be
acting chairman of the delegation"
Circulated Before
Reports that Dawes would head
the corporation were circulated at
the time of his announcement that
he would retire as ambassador to
Britain and also would leave the
arms delegation after the work was
organized. However, the reports
failed of confirmation and it was
understood Mr.. Hoover would look
elsewhere for a head for the recon-
Struction corporation.
This morning, however, the re-
ports of Dawes selection were re-
vived and at noon his appointment
was announced.
Dawes appointment was looked
upon as subStantiation of denials
both at the White House and by
Dawes that Dawes dramatic an
nouncement of his retirement from
the realms of diplomacy indicated
a disagreement between him and
Mr.. Hoover which might lead
Dawes into the presidential field.
The $4,000, 100000 reconstruction
bill was sent to conference today
for an adjustment of differences be-
tween the forms Of legislation for
the huge credit project as adopted
in the house and senate.
The house formally disagreed to
senate amendments. The senate
had acted similarly and the way was
cleared for a conference committee
which will report back to both
houses for final approval. The
measures then will go to the White
House for President Hoover'S sig