BOARDS & BUREAUS: New Reconstructors

BOARDS & BUREAUS

Last week President Hoover completed reorganization of Reconstruction Finance Corp. under the terms of the new Relief Act. Governor Meyer of the Federal Reserve was dropped from the R. F. C. chairmanship. To succeed him the President was determined to appoint a Democrat, thus making a majority of the R. F. C. board members of that party.* By turning R. F. C. control, at least nominally, over to his political opponents, the President hoped to silence campaign talk that the corporation was being used...