VICTORY FOR INFLATIONISTS

Stratford Evening Post, Volume II, Issue 451, 3 January 1934, Page 5

VICTORY FOR INFLATIONISTS

1 APPOINTMENT OF-'NEW , ( TREASURER | Press Association —Copyright. ! Washington, juli. 1. I President Roosevelt to-day accepted • the resignation of the Secretary of the : Treasury, Mr. W. Woodin, and appointed I Mr. Morgemhau junr. to. succeed him. j Mr, Morgemhau has besn acting-seere- > tary since Mr. Woodin was forced by; | illness fast fall to itake a complete rest. Mr. Roosevelt reveaied that Mr. Wood- [ in offered his resignation owing to his • continued ill-heaith., Shortly afterwards j Mr. Morgenthau' took the oath of office. ! The ceremony took place in the oval ' room at White House, only members of the Roosevelt and Morgenthau families I being present. j Mr. vVoodin's resignation, was dated at ■ Tucson, Arizona, where he is being treat■ed tor throat trouble which Oecame chronic during his (over-work m the : treasury Department during the early; | aays ot the Administration. The elevation of Mr. Morgenthau to I the 'important post is regarded as a vic- | tory for the inflationists. He was one j of the leading members of the '"Brain. j Trust" and a supporter of the gold-buy- ; ing policy.