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Harris & Ewing

James K. Vardaman, Federal Reserve Board Nominee

Commodore James K. Vardaman Jr., President Harry S. Truman's nominee to be a member of the Federal Reserve Board, denied that he was in any way connected with the failure of the Vardaman Shoe Company of St. Louis, Missouri. The President's Naval Aide endeavored to show the Senate Committee that he was not in operating control of the company at the time it was placed in receivership in 1942 or several months previously. From: Beth Gore.