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World at a Glance: Morgan list and budget hints
New York politics focus on treasury choice with Walker, Hull or Steagall mentioned as possible secretaries. Enforced saving at Southern Pacific cuts $100,000 annually as R F C loans flow to Morgan banks. Mellon power and German influence noted amid growing German beer garden trend in New York.
MENTIONED IN THIS ARTICLE
New York
Lewis Douglas
the Treasury
Rank C. Walker
Walker
Democratic Eader
Montana State Senate
Morgan
New Jersey
Pennsylvania
Rhode Island
Cordell Hull
Henry Steagall
Alabama
House Banking and Currency Committee
Reconstruction Finance Corporation
Southern Pacific Railroad