Business: Banks & Brakes

(See front cover)

Without debate, without dissent the Senate last week confirmed six appointments to the new Federal Reserve Board submitted by President Roosevelt. The seventh appointee is yet to be chosen. Three days later the old Board, set up by Woodrow Wilson 22 years ago, passed out of legal existence. Though their terms had not expired, four members of the old Board were retired without pensions. At 67 John Jacob Thomas, a Roosevelt appointee, returns to his farm and his law practice in Nebraska. George Roosa James, 69, wise and crotchety, goes...

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