Hide Article Text (OCR)
■WAR FINANCE MEN SELECTED BY PRESIDENTMen of Big Affairs Will Direct Business of the Country.The organisation of th« War Finance Corporation. which la to have • dominant Influence over the bual-neea of the country for the period Of the war. waa completed by nom-SUon of directors by the President lerdav. He also named seven • members of the Capital Inure Com- 1 mittee which, under the new act. fa to supersede the committee which has teen passing? on Issues of securities. The nominations were as follows:To be directors of the War Finance Corporation:William P. G. Hardin??, of Alabama, for a term of two years.Allen B. Forbes, of New Tork, for a term of two years.Eugene Meyer. Jr.. of Sew Tork. for a term of four years'Angus W. McLean, of North Carolina. for a term of four years.Nominations to be members of the Capital Isauea Committee were as follow? rCharles S. Hamlin, of Massachu-John Skelton Williams, of Virginia.Frederic A. Delano, of Illinois.James B. Brown, of Kentucky.John 8 Drnm. of CaliforniaHenry C. Flower, of Missouri.Frederick H. Goff, of Ohio.Men of Big Affairs.All of the nominees are men of big affairs and large responsibility and the President Is said to ho* gone over practically the entire I! ‘ of eligible men to make his seb-tlons In the reahaation that the directors of the War Finance Corporation and members of the Capital I Issues Committee would be clothed ! with great power for good or evil . Jn directing the hosiness of the country In war timesMr. Harding is the governor and; member of the Federal Reserve! Board. He waa president of the First National Bank of Birmingham when called to Washington to become head of the Federal Reserve Board.Allen B. Forbea is senior member 1 of the flrni of Harris. Forbes and I Company, of New York and Chicago, and la recognised as nn International authority nn securities.Kugene Meyer. Jr.'s. business ac-1 ttvttles cover a aids range connected with the placing and marketing of railroad. Industrial and mining Is-•ue*.Angus W McLean is a hanker, lawyer and business man of wlda experienceCapltal Iaaars Committeemen. 1On the Capital Issues Committee Charles S. Hamlin Is a member of tha Federal Reserve Board. He aerv-I ed as Assistant Secretary of the j Treasury under President Cleveland : and again tmder President Wilson, resigning to become a member of the I Federal Reserve Board.- John Skelton Williams Is Cnmptrol--ler of the Currency and n member of r the Federal Reserve Board.. Frederick A. D-l.-mo, Is a member 'of the Federal Reserve Board. He f»aa genpral manage of the Burflnff?j 1 ton Read when he retired In 19CS to become consulting engineer to the j War liepartm-nt in relation to railroads In the Philippine islands.James 8. Brown Is president of the ' National Rank of Commerce of that \ cttvJohn S. Drum has been president of the Savings Union Bank and Trust . Company of San Francisco since 1910. !Frederick 11. Goff is president of j the Cleveland Trust Company.Henry C. Flo»-er organised the FI-delity Trust Company and has been president since organization. He is j also president of the Title and Sav- j lugs Trust Company.Organization of both the War Finance Corporation and the Capital | Issues Committee will be Immediately effected. The law la quite broad, ; but lacka penalty rlauses. so that : ita enforcement will be largely a mat- | ter of eo-operallon on the part of I . the business men who come within1 its sphere of Influence. State governments have been asked to cooperate with the new Capital laaues Committee In order that no securities shall he Issued except for necessary war er.tei rises of Improvements a If acting public health.Under the law the new War Finance I Corporation can extend government aid to new enterprises, and Treasury offlelaU are certain that It will prove a great aid and atand-hy to the husi- | neaa Interests of the country In the trying times of war.
Newspaper Details
The Washington Herald
Washington, Washington-DC, US
Tue, Apr 30, 1918
Page 12
Full Page
Clipped by
Maddie K.
USA 03 May 2025
Other Publications Near Washington, Washington-DC
Washington American Eagle
Washington National Intelligencer
Washington Globe
District of Columbia Evening Star
Washington Garfield Memorial
