Evening star., 1940-01-05

Senator Glass the great individual
that he is.
He is 4 liberal who favors con-
tinued improvement in the Nations
economic and political life. He Is
conservative who is unwilling to ad-
vocate unavoidable measures having
political expediency as their primary
objective and waste and extrav-
agance as their inherent charac-
teristics.
He is a liberal who is opposed to
concentration Of power. He is con-
servative who fights to conserve for
powers and rights which are properly
theirs.
He is a liberal who demands
freedom of speech, freedom of press
and freedom Of religion for all, re-
gardless of their political or re-
ligious views. He is a conservative
who does not hesitate to defend for
our citizens their fundamental rights
when they are endangered by packed
courts or to denounce every effort
to reduce the legislative body to de-
pendency..
Some Of his contemporary critics
may call him reactionary. but in
the calm perspective Of future his
torians the place of Carter Glass in
constructive achievements for the
good Of our republic is secure, found
ed upon the true liberalism of equal
opportunity for every citizen and
the curbing Of all abuses of power
whether by the plutocracy of wealth,
by high political Office or by any
other powerful class Of organized
minority"
Champion Of Sound Policy.
Mr.. Fleming said: "In the estab-
lishment of the Carter Glass Chair
of Government here at Sweet Briar,
the career Of Carter Glass brings
to this great educational institution
a splendid background and tradi-
ton for this particular phase of its
work. From the time he first en-
tered public life Senator Glass has
stood for sound government, for the
democratic processes of government.
He has always been one of the
forward-looking statesmen of our
Nation--he has ever maintained the
belief that progress should be made
soundly and upon firm foundations.
His contributions to all types of leg
islation have been constructive and
outstanding
Senator Glass was not only the
architect who framed the Federal
Reserve System, but, in addition,
since its creation he has ever been
ready to lead in such legislative ac-
ton as might be necessary to adopt
the system to changing economic
conditions. Furthermore, he has
been the systems staunchest de-
fender"
Pointing out that he had served in
recent years as president Of the
American Bankers Association and
as chairman of its Committee on
Federal Legislation, Mr.. Fleming
said: Il know intimately of the
great part he has played in the
trying period Of the last 10 years.
I know also what a vital force he
has been in shaping and revising
legislation which brought our finan-
cial structure so quickly out of the
collapse which occurred in 1888.
Every piece of legislation with which
he has been identified carries his
lofty purpose and high concept Of
economic security for our people.
Honored for His Integrity.
To-day there is no man who is
more revered, more highly honored
for his answering integrity and for
whom the banking and business in
terests of this Nation hold a greater
admiration"
Mr.. Lefhngwell, in a brief. speech
prefacipg his presentations pf the
endowment book, recalled his cl6se
association with the 6enator while
he was Secretary of the Treasury.
Fergus Reid Of Norfolk, preGid1nt
Of the college board Of oyerseers,
v ials4