Arizona republican., 1914-07-16
Presidents Nomination of Chicago Man as Member of Federal Reserve Board Causes a Split in the Senate
HIS OWN TESTIMONY
 USED AGAINST HIM
Bitterness of Battle Reach ed Climax at Secret Meet ing of Banking Commit
 tee in Discussion of Nom inee'S Fitness ,.s,x
IAssoc1Arnp PRISE p,sIAroHl


 WASHINGTON. July 15.-After another days fight over the nomina ton of Thomas D. Jones of Chicago as a member of the federal reserve board, opponents of the confirmation are claiming that at least eight and possibly ten democratic senators would vote against the presidents cholce On the other hand, the champions of Jones are still hope ful and eXerting every effort to line up the votes necessary to override on the floor of the senate tomorrow the banking committee majoritys adverse report. Both sides professed to see added strength for their posi- tions in the publication of Jones tes- timony before the committee at it's recent inquiry into his relations with the International Harvester Company and the New Jersey Zinc Company
 The testimony was made public by unanimous vote late today, after Sem ator Hitchcock acting as chairman of the committee, had submitted the majority adverse report in the eXecu- tive session. Jones had telegraphed that he welcomed the publication of his statement Bitterness which has characterized the fight reached a eli max earlier in the day at a secret meeting of the committee. The dem- ocratic majority, it is reported. charg- ed that the majority were prejudicial in their findings; that they excluded from the report certain portions of Jones' testimony which put him in a favorable light, using, in reaching their conclusions portions of the tes- timony which appeared unfair when segregated from the rest and in fact that the report was of slanderous nature.
 Majority senators. it is said, re. piled that attention could be called in the minority report to matters that the majority might have failed to mention.
 In the record of testimony taken by the committee in regard to Jones election as director of the harvester company. which is now under inves- tigation by the government as monopoly in restrain of trade, the following appears:
 Senator Hitchcock-"Would you like to state your reasons for going into the directorate of this company without having any financial inter tests in it''
 Jones-"Certainly. I had been on terms of intimacy with the McCor- mick family since I left Chicago over thirty years ago and in the early part of 1909 they said to me that there was vacancy on the board of the harvester company and they would like me to consent to become director I told them what they knew already, that I had no interest whatever in the stock of the concern and had no plans contemplating an investment: they said they knew that. and it was not an investor In stocks that they were looking for; it was somebody who could afford to give time and was willing to give time-such time as would be de- manded as director of the company, and they asked me as a personal fla vor to do so.''
 1 senator ftltcncOCk- NOt iui ouS compensation
 l Jones-"Not the slightest, nor the promise of any, nor the expectation of any"
 l Senator Pommerine-"When you say they, will you please state the names?"
 Jones-"Mr. Cyrus P Mccormick was the man who asked me; but he told me that he was speaking in be- half of his mother, brother, sister and the family. My acquaintance has been family acquaintance from the time I went to Chicago"