It is a matter of
common knowledge in western Canada that the government had to guarantee the banks in connection with the money loaned the pools, and that before they would give that guarantee they insisted that the pools appoint a satisfactory man to sell this carry-over. Several names were presented from which one was to be chosen. Mr. Brownlee of Alberta was suggested, together with John I. McFarland, and I understood from common report that Mr. Brownlee would not accept. Mr. McFarland did take the position, and it was understood that this was one of the conditions imposed by the government.