• U.S.

THE PRESIDENCY: Roosevelt Week: Feb. 3, 1936

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TIME

President Roosevelt this week sent to the Senate the nominations of six of the seven members of the Federal Reserve Board which, according to the Banking Act of 1935, will be reconstructed Feb. 1. Only two members of the old board were named to the new: Governor Marriner Stoddard Eccles, New Dealing banker from Utah; Menc S. Szymczak, onetime comptroller of Chicago. The new appointees: Joseph A. Broderick. onetime New York State superintendent of banks; Ronald Ransom, executive vice president of Fulton National Bank of Atlanta; John K. McKee, onetime receiver for National banks in Ohio and Pennsylvania, for the last two and one half years chief examiner for RFC; Ralph W. Morrison. Texas Hydro-electric tycoon, who in 1933 was one of the U. S. delegates to the World Monetary & Economic Conference at London.

¶ For the second time in his Administration President Roosevelt vetoed a Bonus bill. For the first time both the House and Senate overrode his veto.

¶ White House newshawks were permitted to infer that Franklin Roosevelt listened by radio to the roasting his one-time friend, Alfred Emanuel Smith, gave the New Deal at the American’ Liberty League dinner in Washington.

¶ Newshawks pressed the President for confirmation of Wall Street rumors that more dollar tinkering was soon to be expected, received blunt assurance that the rumors were “just another of those things” —baseless.

¶ From Hyde Park came the announcement that Peter C. Rohan & father were negotiating with representatives of Franklin Roosevelt to sell him a 450-acre farm east of his mother’s estate. From the White House came word that the President was “considering.”

¶ In Frederick, Mo. Reno S. Harp, Supreme Chancellor of the Knights of Pythias, recovering from pneumonia, felt better when he was able to announce that President Roosevelt had signed an application to become a Knight of Pythias. The Pythians are trying to get Home Owners Loan Corp. or RFC to aid them inrefinancing mortgages on their lodges throughout the U. S.

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