The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-09

end OF public spirit which the whole
country admires
1T Ii the obvious business OF states
manship at this turning point In our de-
velopnent to recognize ability and char
acter and unite every force for the up
building OF legitimate business along the
new lines which are now clearly indicated
for the future"
The statement which acting Chairman
Hitchcock OF the Senate Banking and
Currency Committee gave out shortly
thereafter was as follows:
We regret Mr.. warburg's refusal to
appear before the Committee on Banking
and Currency In response to Its invitation.
The committee was unanimously OF the
opinion that II was desirable to meet with
Mr. Warhurg for the purpose of getting
further Information about him. Under
the Constitution and law the Senate shares
with the President the responsibility OF
this appointment and after the President
has satisfied himself the Senate Is en-
titled to be fully Informed and the COM
mlttee Is the proper means OF securing
the Information.
Some criticism has been made because
the committee did not invite others nomi-
mated for membership in the board by
the President to come before II. This.
however, IL not true.
Before reporting to confirm John Skel-
ton Williams as Comptroller OF the Cur
rency and ~ officio member OF the board
il invited him to meet with the com
mittee. He did so and answered all
questions fully and frankly.
1T invited Mr.. Jones OF Chicago. He
responded promptly and answered all
questions fully and frankly. IL secured a
written statement from Mr.. Harding OF
Alabama which was deemed ample and
3 satisfactory. 1t had equally complete
information concerning Mr.. Miller and Mr..
Hsmln. Both OF these men have been
IN public life and were known to members
Of the committee. I say they were in
vited to and did supply the committee
with all information desired. some OF 4,
being called for over the telephone while
the committee was in session.
Mr.. Warburg therefore has not been
Disseminated against in amy way in betnE
asked to meet with the committee and
give II Information. The committee de-
/ sired to act htelligently and felt that
B It's duties were not merely perfunctory"
! Senator Hitchcock said later that there
was no disposition on the part or the
! committee so far as he knew to recede
, from the position IL had taken, not~ith-
standing the Presidents statement. The
, Senator also made IL clear that II the
| President prevailed on MIR. Warburg to re-
consider his request that his name be
! Withdrawn as nominee for the Federal
Reserve Board the committee would still
I insist that Mr. Warburg appear and give
| the Information desired
Hokc smith Is Called.
/ The Presidents statement given out nj
the White House found its way to the
Senate soon af;erward and was handed
from one Senator to another. Some OF
the Presidents friends expressed the opin-
ion that II was unfortunate and wished
4 fhai ha had said al a
Smith went to the White House to-nigh,
and II was the opinion around the Senate
that he has been called to offer advice
on the muddled situation
Many Senators take the stand that the
Presidents statement had put the Senate
In position where It's dignity was in.
volved as coordinate branch OF the
government and that the Senate could moi
well recede from the attitude II has as.
sumed OF insisting upon the fullest dis.
closure by nominees who are subject q
confirmation by the Senate.
Senator Hitchcock said he had not re
ceived any further information from Mr.
Warburg and he intimated that he was no
expecting any communication.
The Presidents insistenoe that tn
nomination OF Thomas n. Jones should h.
confirmed along with that OF Mr. Warbur,
and his yelled criticism of the commltte
for having quizzed Mr. Jones concernln,
mo ailiIatIohs with Dig business have no
helped the case OF Mr. Jones toward con
rrma.ion. Senator Reed In in a particular,
embarrassing position with respect to tn
Jones nomination. since Mr.. Jones de
Tended the practices Of the Internationa
Harvester Company before the Senat
committee. The International Harveste
Company was prosecuted in the State o
Missouri under the antitrust laws Of tina
state. the verdict being recently upheld b
the Supreme Court Senator Reed canno
vote TO confirm Mr.. Jones without havIn
TO make an explanation to the Democrat
In Missouri who have been pursuing tn
International Harvester Company in tn
courts as an unlawful combination In re
straint OF trade.