New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-22
O'Gorman's Efforts to
Break Deadlock May
Prove Intellectual.
WILSON MAY STILL
PREVAIL ON BANKER
Jones in Statement Defends Acts
of Companies and Declares
Committee Unfair.


Washington. July Ex-senator O'Gor-
mans Efforts TO break the deadlock be-
tween the President and the Senate
Barking and Currency Committee over
the nomination of Paul NJ. Warburg
may be defeated by the determination
Of the Senators not TO modify their de-
mend that Mr.. Warburg appear for-
mallv before the committee TO answer
questions that may be put TO him con-
corning his qualifications for member
ship on the Federal Reserve Board.
The members Of the committee were
not informed to-day of any change in
Mr.. Warburg's attitude. and there IS no
disposition 10 compromise with him by
hearing him informally. It is under
stood 10 be the Presidents desire that
the New York banker comply with the
request Of the committee and the re-
port that he had decided to come 10
Washington would not cause much sur
prise.
4 statement b. Thomas y. Jones. OF
Chicago, replying 20 the Senate com
mittce's report adverse TO his confirm
alton. was made public to-day by the
administration Senators conducting the
fight in his behalf. Mr.. Jones says
that the suits brought against the In
ternational Harvester Company were
based upon facts connected with its
organization.
~ then believed" he adds. referring
to his appointment rs a director, land
| still believe that at the date of my
acceptance of the position of direcor
the corporation was lawabiding and
that its business methods we're proGuc-
tive Of benefit. not Of harm. In that
belief ! accepted the position OF d.
rector
Mr.. JOnes's Defence.
"As to the other branch, namely, the
acts Of the company and its board OF
directors since ! became director, so
far as | have known they have been
neither oppressive nor illegal in any
particular. | believe that the record
will bear me out in the statement which
| now make that not one single act
Of the company during that period was
instanced in my hearing before the
committee as constituting violation
of law.
an an inquiry ostcnsibly intended
simply to determine my fitness for pup
lie office corporation in which | was
a director had been branded as trust
and its earnings stigmatlzed as 'un-
considerable and these charges were
spread broadcast through the public
press under the great authority OF the
Committee on Banking and Currency
of the Senate Of the United States. And
this. too, occurred in the case of
corporation which in it's present form
has been carrying on its business for
seventeen years and against which not
a single accusation has ever been made
in any tribunal either federal or state,
that its organization is Illegal or that
its practices are oppressive or cXtOr.
tonate. | submit to your honorable
committee that such procedure is
grossly unfair"
With reference to the Missouri case
in which the organization of the Hdr-
vcstcr Company was declared illegal.
Mr. Jones insisted that the charge Of
"unfair dealing by the company toward
the farmers was emphstically denied
" the court"
Criticises Committee.
Concerning the New Jersey Zinc
Company, with which Mr.. Jones also
is connected, the Chicagoan declared
that the charge made by the committee
majority that it towns practically all
the zinc ore in the United States had
not a particle Of evidence to support
il and that moreover. everybody who
knows the ordinary rudiments OF the
zinc industry knows that the statement
is not simply false il is ridiculously
false" He criticised the committee FOR
exercising in its examination o: him "a
judicial function"
Reports reaching Washington to-day
from White Sulphur Springs. ". Va.
that Senator O'Gorman, of New York,
had conferred there with Mr.. Warburg
and that some arrangements had been
made whereby Mr.. WarbTrg would
agree TO appear before the Banking
Committee were not known to any
members of the committee in Wash
ington.