The Washington herald., 1914-08-17
THE OPEN FORUM.
Presidents Nomination of Jones to
Reserve Board INDICATED.

To the Editor: Time and the sequence
Of events are rapidly proving 70 the
American people that they have an Ex-
ecutive who is entitled to their implicit
confidence, and on whose policies and
Judgment they may safely rely.
The happy solution OF the Mexican
question as a result of his calmly and
resolutely persisting in the course that
he thought right and for the best in
terests OF both countries, regardless Of
popular clamor both in and out Of his
party, will of itself stand as lasting
monument to his greatness, preventing rs
II did the sacrifice of thousands Of lives
and the expenditure of hundreds Of mil
lions OF dollars by our people.
Notwithstanding the Jones issue IS
thing of the past, il seems to me but
Just and fair that attention be called to
the complete vindication OF the Presi-
dents Judgment in his personal choice cf
Mr. Jones for the Federal Reserve Board.
as evidenced by the unanimous findings
Of the second highest judicial tribunal OF
the country. l refer TO the opinions
handed down last Wednesday by the
United States Circuit Court in the case
OF the United STATES VS.. International
Harvester Company. after weighing the
sworn testimony Of more than 1,So wit
nesses and considering a record OF over
lOOOO printed pages. wherein the true
character of all transactions OF that com
pany and its directors, managers AMI
agents were laid bare.
The majority opinion, rendered ny
Judges Hook and Smith. although hnd-
ing that the incorporation in l9O2 was lie
gal paws the following tribute TO the
mana cement: 1T Is but just. however.
10 say, and TO make Il Llain. that IN the
main the business conduct o. the com
pany toward its competitors and the
public has been honorable clean ana
fair
Judge Sanborn, in a dissenting opinion
is stronger and more explici: IN his com
mendation of the administration OF the
company's affairs before and since MI.
Jones became a director. H. says III
part: -
The evidence in this suit seems TO
me to present a new case under the
antitrust law. No case has been touIlu
on the books and none has come uhues
nv observation in which the absence ol
oII the evils against which that law was
directed at the time the suit was oroush'
and for seven years before. was SO con-
culsively proved as in this suit the ao-
sence Of unfair or oppressive 'reaIlhehH s
of competitors, Of unjust or Oppressive
methods of competition, the absence ot
tba dra wing of an undue snare Oh lhe
business away from competitors and 10
the defendants, the absence OF the raising
NJ nrices Of the articles affected TO their
consumers the absence Of the limiting
M the product. the absence of the de-
terioration Of the quality, the absence Oh
tbs decreases of wages of the laborers
and of the prices Of materials, me ao-
sence in short. Of all the elements OF
undue injury to the public and undue
restraint Of trade, together with the
presence Of free competition. which IN
creased the share Of the competitors IN
the interstate trade and decreased the
share of the defendants"
In the light of these findings, II Is
fairly reasonable to presume that most,
~ not all, OF the Senators who disagreed
with the President as to the fitness OF
Mr.. Jones almost wholly because of his
connection with the Harvester Company,
would have changed their opinions and
voted for his confirmation, and II Is
much TO be regretted that they could not
have become public sooner, while his
nomination was pending. Coming as they
do, however, they should nevertheless be
a source of qualification to the President
in their complete exoneration of Mr..
Jones and consequent justification OF his
selection and as another proof to the
people that our country is safe in his
hands. L. 1. T.
War Times and Food Prices.
To the Editor: For weeks past we
mt