Technically there is only one vacancy on the Federal Reserve Board because Ralph Waldo Morrison's resignation still lies unaccepted on President Roosevelt's desk (TIME, June 1). The unoccupied seat, earmarked for a farmers' spokesman, has not been warmed since the new Board was appointed last January. Last week to fill this eight-year office the President sent to the Senate for confirmation the name of a man whose signature could be identified by at least 3,000,000 U. S. farmersChester Charles Davis, longtime AAAdministrator.
Mr. Davis is no banker. "I probably will be of little...
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