Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1914-07-15
D|SAvOWS ENM|TY
TO BUSINESS men
President in Statement Defends
Jones and Warburg.
PARTY DOES NOT ANTAGONIzE
Senate Warned by Wilson It Cannot
Afford to Brand Trade Leaders as
Unfit for Reserve Bank
Board.

Washington, July 10.-President Will
son came to the defense of Paul M.
Warburg In a vigorous statement, in
which he outlined his attitude toward
the business of the country Wednes-
day. The president declared that he
earnestly hopes that Mr.. Warburg will
reconsider his decision to withdraw
from the federal reserve board and
that he is now urging him to do so.
He expresses confidence that the
nomination of Thomas ]. Jones will
be confirmed by the senate. His state
ment follows:
1t would be particularly unfair to
the Democratic party and to the SEN
ate itself to regard it as the enemy of
business, big or little. l am sure that
it does-not regard a man as an object
of suspicion merely because he has
been connected with great business
enterprises. 1t knows that the bust
ness of the country has been chiefly
promoted in recent years by enter
prise organized on great scale and
that the vast majority of men con-
nected with what we have come to
call big business are honest, incor-
ruptible and patriotic. The country
may be certain that it is clear to men,
bers of the senate as it is clear to all
thoughtful men that those who have
tried to make big business what it
ought to be are the men who are to
be encouraged and honored whenever
they respond without reserve to the
call of public service.
81 predict with the greatest conf
dence that nothing done by the Dem
ocratic majority of the senate of the
United States will be of a sort to
throw suspicion upon such men. Mr.
Jones and Mr.. Warburg in manifesting
their willingness to make personal
sacrifices and put their great expert
ence and ability at the service of the
government without thought of per-
sonal advantage in the organization Of
the great reform which promises to be
so serviceable to the nation are setting
an example of patriotism and public
spirit which the whole country ad-
mires 1t is the obvious business Of
craftsmanship at this turning point in
our development to recognize ability
and character wherever it has been
displayed and unite every force for
the upbuilding of legitimate business
along the new lines which are now
clearly indicated for the future"
The presidents statement is taken
to mean that he will fight to the last
ditch for the confirmation Of both
Jones and Warburg. He has decided
on this course because he believes the
issue raised by the senate committee
on banking and currency should be
met In response to the presidents
vigorous defense it is confidently ex-
pected that Mr.. Warburg will recon
slider his withdrawal from the federal
reserve board.
Washington, July 10.-The great bust
ness interests Of the middle West.
centerfng in Chicago, had their inning
at the White House. A group of
members of the Chicago Association
of Commerce came to tell President
Wilson what the West thinks of his
proposed trust legislation and to dis
cuss the commercial and industrial
conditions existing in the heart of the
nation.
Some changes In the administration
trust program were urged and many
phases of the Industrial conditions of
the country were considered during
the hours interview with the presi-
dent. Not in many months has the
chief executive granted full hours
time to a delegation of this kind.
After the conference has ended the
White House issued this statement:
1.-THE president expressed his pleas
ure at having been consulted by the
group of gentlemen who represented
the Chicago Association of Commerce
and said that he felt that the con-
ference had been mutually instructive
and helpful"