The Archive · 1939

Changes in Personnel

The fiscal year was marked by several changes in Treasury personnel Fiscal Assistant secretary Wayne C. Taylor resigned because of disagreement over the treasurys financial dealings with foreign countries. He was succeeded by Herbert E. Gaston, who was special assistant to Morgenthau in charge of public relations. Preston Delano, a distant relative of President Roosevelt, was appointed Controller of the Currency succeeding XE. O'Connor, who resigned. Hanes was elevated from Assistant [Secretary to Under Secretary.

Other financial developments in Washington during the past fiscal year included:

1. Request by President Roosevelt for extension beyond June 30 of his powers fo revalue the dollar and for the coniimuatlon of the $2,000,000,000 stabilization fund.

2, Extension of credit to China and to séyéral Latin American countries.

3. Continuation of the 64.64 cents ah ounce price for domestic newly-mined silver until June 30 by presidential proclamation on December 31, 1808, United Young Men Prepared to Tour Countryside Chungking, July 26.

A school to train village journalists will be opened on August 1 here by the Political Affairs Department of the National Military Council, Chinese reports indicated today.

The aspiring- journalists will be given one month's training, after which they will be sent to various occupied areas to publish impoverished newspapers, these reports said.

Mr. Chen Li-fu, Minister of Education, Mr. Yeh Chu-tsang, Minister of Publicity, and Mr. Shao Li-tse, Member of the Central Executive Committee of the Kuomintang, will teach at the school.

Generalissimo Chiang Kai-shek will deliver regular inspirational lectures to the young journalists, these Fé- ports said—United Pres New Constitution in Malta Succeeding

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