Evening star., 1914-07-08
PRESIDENT STANDS
BACK Of NOMINEES
T0RESERVE BOARD
Ready to go to the Mat
With Senate in Support of
Warburg and Jones.
SAYS PARTY is NOT FOE
TO "BlG BUSINESS" MEN
Confident of Their Confirmation,
Despite Opposition Which
Has Developed.
OPPONENTS PUT IN A HOLE"
Refusal of New York Banker to Ap-
pear Before Committee May Be
Construed as an
Affront.
SAYS PARTY IS NOT FOE
TO "BIG BUSINESS" MEN
OPPONENTS PUT IN A HOLE"

President Wilson today gave
evidence that he is willing to go
to the mat with the Senate as to
the confirmation of Paul Nj. War
burg and Thomas D. ones as
members of the federal reserve
board, and in an important state
ment he issued at the White
House stood by these two men to
the limit.
In this statement he calls halt
on the tendency to attack men
simply because they have held
high places in the business world
and declares that the democratic
party docs not regard man as
an object of suspicion merely be-
cause he has been connected with
great business enterprises.
Fight to Finish Expected.
In the beginning of his statement the
President said that he earnestly hoped
t.aat Mr.. Warburg would reconsider his
decision to insist upon the withdrawal
of his name. and that he would con-
tinue to urge Mr.. Warburg to do so.
1t is believed that under the circum-
stances Mr.. Warburg will stand by the
President, and that the fight will be
allowed to go to the finish.
The President expressed the convic-
ton that the nomination of Mr.. Jones
would be confirmed, and he has no doubt
that the nomination of Mr.. Warburg
will be confirmed If the New York
banker permits his name to remain be-
fore the Senate.
President Wilson's Statement.
The Presidents statement is as fol-
lows:
1T would be particularly unfair to
the democratic party and to the Senate
itself to regard it as the enemy of
business. big or little. I am sure that
it does not regard a man as an object
of suspicion merely because he has been
connected with great business enter
prises- 1t knows that the business of
the country has been chiefly promoted
IN recent years by enterprises organ
ized on a great scale, and that the vast
majority of the men connected with
what We have come to call big business
are honest. incorruptible and patriotic
The country may be certain that 1t is
clear to members Of the Senate as it
Is clear to all thoughtful men, that those
who have tried to make big business
what II ought to be are the men to be
encouraged and honored. whenever they
respond without reserve 10 the call of
public service.
predict with the greatest confidence
that nothing done by the democratic
majority OF the Senate Of the United
| n
plcion upon such men. Mr. Jones and
Mr Warburg, in manifesting their
~illinsness to make personal sacri-
noes ana put their great experience
eminent. without thought .of personal
advantage. in the organization OF a
great reform which promises to be so
serviceable to the nation. are setting
an example of patriotism and Of nub1ic
spirit which the whole country ad
mires- II is the obvious business Of
etatesmansnip at this turning point in
our development to recognize ability
and character wherever II has been dis
played and unite every force for m.
upbuilding of legitimate business along
dicated for the future
Touches Dignity Of Senate.
There was widespread speculation TODAY
a. TO what will be the outcome of the
night on Jones and Warburg In view of
the attitude of the President The Presi
Dent seemingly made the statement in full
realization that Mr.. Warburg will NOT an
pear before the Senate committee and
submit to an investigation and inquiry as
to his business affairs. To refuse to do
50 will put the Senate committee in ,he
light of being affronted and the issue ts
to be raised of the dignity of the Sena te
being involved. that body holding that il
has the right to call any nominee for .,
federal position before it for inquiry
Confirmation Of Mr.. Warburg in the face
OF his refusal to submit to inquiry was
doubted today by those familiar with the
methods and atmosphere of the Senate.
The White House has nor made public
any of the correspondence between the
President and Mr. Warburg. in which
the White House has sought to induce
he New York banker to stand pat and
permit his name to be passed upon by
he Senate In addition to letters writ.
en to Mr. Warburg by the President
Secretary Tumulty has had several talk.
over the telephone with him.
Determined to Hear Warbure.
If Mr.. Warburs should reconsider hi.
request to the President that his
domination be withdrawn he would still
be expected TO appear before the Senate
banking and currency committee, it wa.
declared today. to answer question.
which the members OF the committed
desire to put to him before the com
mittee acts on his nomination.
Senator Hitchcock. acting chairman
pf the committee said he had received
no further word from Mr.. Warburg sine,
the telegram yesterday afternoon. Sen
htor Hitchcock made 1t clear that h,
thought the committee was entitled Il
certain information it desired befor,
lctins upon Mr. Warburg's nomination
md that so far as he was concerned
here would be no receding by the com
gdittee from the stand which 1t ha:
AIKEN.
The Senate banking and currency com