Business: Trade Acceptances

When Roy Archibald Young newly installed Governor of the Federal Reserve Board rose brusquely from his dining chair at the ninth annual meeting of the American Acceptance Council in Manhattan last week, members studied the blocky, curly-headed man inquisitively. Mr. Young had a reputation for diffidence. When President Coolidge appointed him from comparatively obscure Minnesota to be Board governor, Mr. Young had said: "I consider it a great compliment the President of the United States has paid me. I hope he will never regret the confidence he has placed in me." When asked...

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