, 1935-08-30
WASHINGTON
BY RAY TUCKER

BY RAY TUCKER
Gar - Although Mariner 8.
Eckles was installed as governor CT
the Federal Reserve Board as a
New Deal banking wizard, the
ycungster from Utah doesn't sit any
too securely on his financial throne.
He has antagonized so many in
tluential people that neither his re-
appointment nor his confirmation
Is certain.
Mr.. Eccles and Secretary Mcrgen-
thau are not SO friendly as they used
to be. The banking community Is
suspicious Of his radical ideas as
embodied in his personal draft Of
the banking bill. Powerful Carter
Glass has warned the president &c
cenSor Eccles announcements. and
the governor va ~noticeably QuieS-
cent during the final stages OF the
banking bill battle.
Now Eccles has taken on new
enemies. Elderly associates on the
beard brand him as a czar For seven
weeks he did not call a board meet
ing. although weekly gatherings
have always been customary. He
also served notice that he would
make all appointments In the flu
ture. Word OF this internal diSsen-
sion has reached the treasury and
the White House.
Knock Out-Mr. Glass pulled his
punches when Mr.. Eccles' name
RAJ up for confirmation the last
time. But the senator from Virginia
Is rapidly losing his patience. He
burns up at claims that the EccleS
philosophy prevailed over his ideas
in the framing Of the new bank bill.
Mr.. Glass is fortified with in
formation TO the effect that MI. Ec-
cles has net disposed OF his bank
ing interests, as required BY law.
Senatorial associates promised to
support him II he placed substan-
tial evidence On this o in the
official record. But his informants.
mostly western bankers, had asked
him TO keep their lame out OF IL
and he complied. He may try to in
troduce this data by other means
the next time. The senate has been
tcuchy on this point since the days
OF Andrew w. Mellon.
The senator maintains that ne
~vanquished Eccles in the revision Of
the reserve system. He feels that he
knocked out the governors two.
principal ideas-central control and
use OF the banking agency as an
instrument for economic planning.
Bankers and other students agree.
Jurors-The eyes OF twelve good
men and true popped wide open
when they read that Edward L.
Doheny was foreclsoing on the
ranch occpied by Albert p. Fall.
former secretary OF the interior.
1t vas a decade ago that these
twelve men freed Doheny Of the
government charge that he had
bribed Fall into turning over naval
oil reserves to the Californian.
Whirligig's correspondent. who COW
cred the trial. was sufficiently Gu
riouS to ask the jurors what lay be-
hind their surprising verdict. They
explained that they had believed
the defense argument that Doheny's
loan to Fall was inspired by their
youthful friendship In prospecting
days, and not by the oil transac-
ton. Ii was a loan for old times
sake and not q bride. In their
minds.
Ironically. hard luck has logged
most Of those jurors. They have lost
tohc arI .,~~ nnwffa~ Thnr. w-oV.& 20
forget. Though shocked at this new
sidelight. they are too worried over
their own troubles TO bother about
these Of ten years ago.
Dark - The administration has
not heard the last OF its silver
critics. The senate committee en-
powered to investigate silver pur-
chases may turn UP scme facts poll
ticaIly damaging 70 the treasury.
Or the surface II appears that the
way has been paved for a whitewash
of Secretary MOrgenthau's program
o. buying when silver Is falling ana
refusing TO push the price TO the
81 Is peak desired by the silverites.
The inquiry proposed by Senator
Thomas Of Oklahoma was side
tracked and an inside track given
TO the investigation asked by Sen
ator Pittman Of Nevada, an ad-
n.niStration spokesman. Senate
leaders took are that a friend
rather than a foe should head the
inuuisitors.
But senate leaders placed some
critical comrades on his committee
Thomas. King, Borah and Nc
Nary. Thomas. Borah and McNary
mey gang I'D against the white
house. Mild inflationists. they may
set themselves against the Nor
Eenthau program. Administration
ties don't see any silver lining
this dark cloud.
Precarious - Although the rum
biirgs lie deep beneath the surface,
some ~progressives in the New Deal
family are growing restless. Trou-
bee insiders hear that Messrs.
Ickes and wallace are sufficiently