New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-18
The Warburg and Jones Cases NO
at All Similar.

c,e.; Injustice to Mt PAU NJ "arou'e
. .,,svs,t that the case in favor OF MS comm -"
81, hv ,hs Senate stands on all iours WIN u"
80 favor of MI Thomas j. JoneSs coh''i III"
49, San. oe the taller. and thin admlhiS'I"'i""
-...,,.~,-o lun,n the two nominations tose'he'
= - a.. II .hey have been held M on tue saih'
,,,,as This is Simply = dcTice to strengthen
a. Ia. @, ina expense OF MIR. WarDurg. Inc
= .,.,a ,ho, stands in the way of the latter
.n,srmation is Il technical MISUNDERSTANDING as u
-. 60 which the Senate Committee on
Ranking and Currency is entitled to crosSeA
anime a nominee for federal ONCE Inc coi'ii''''
-. nat criticised and is not expected to crlticlse
Mr.. Warburg's personal record. TN 'he o'".'
hand II has emphatically disapproVed MI Joiie' .
record and wants TO see him rejected OH aco"un'
q, transactions which have brought him. III hiS
csnacitv rs director of the Harvester trust lh'o
clashes with the state and federal courts.
I, may he admitted that Mr.. Jones is capable
.xnerienced man of affairs and, other things peihS
annual would make an acceptable member OF 'he
Federal Reserve Board. But Mr.. Wilson over
,oo,od @ oreat weakness In his business RECORD
when he named him for that ONCE frooaoi'
the President thought he could forestah opiosi'io"
nv giving Mr. Jones that remarkable certlncate oi
character as a reforming influence IN tue li"i
yester board which the latter had to beg on from
when examined by the Banking ana currency
Committee The Harvester Trust mas peeh ca
pelled from Kansas. Missouri, hentuchv anu
Texas for violating the antitrust laws OF those
states The State Supreme Court in each case
issued the edict of expulsion Mr.. Jones admitted
that he approved of the policies of the trust when
I'D IN its Punishment Ii is hardly conceivable
therefore that Senators from states whose hsheSt
courts had condemned the Harvester Trust would
NO, actively protest against the appointment OF
Harvester Trust director to high federal once
Moreover. as a director Mr. Jones has also
rpme into conflict with the federal law Inc far-
roster Trust is being prosecuted in the District
Court Of Minnesota in suit to which the directors
ere parties II is therefore proper for every United
Ststes Senator 10 consider whether or not the
government ought to honor with office man who
n now a defendant in one of its own courts. That
"a question with which Mr. Joness ordinary qual
incutons to administer the banking laws have
;.;te or nothing to do
President Wilson failed to see this obstacle In
the way OF Mr.. JOnes's confirmation But nearly
everybody else sees it. Senator Weeks, of Massa
chusetts Republican member of the Banking
And Currency Committee is as anxious as any
bod else 10 have the new banking system succeed
He helped to prepare the currencv act and voted
%. H. But he cannot slur over the mistake made
IN appointing Mr.. Jones Most fair minded men
will agree with him in holding that the latter us
no. eligible for appointment TO any important
governmental position and will not be at least I'M
o. the case before the District Court of Minnesota
has been tried"
With Mr. Warburg there is no such bar to
confirmation. lie Is the ideal appo'ntee for the
ouce, and the Senate should go out Of its way
20 make his confirmation certain. We still hope
cnt the technical misunderstanding between him
am ire committee will be Strengthened out,