New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-24

wrote that this report was based on
a distortion of facts and perversion OF
the truth" but expressed the opinion
that as a result Of the contest even II
the nomination were confirmed by the
Senate his usefulness as a member OF
the Reserve Board would be seriously
impaired.
In executive session the formal an
nouncemcnt OF the Withdrawal was
received without comment When the
Senate adjourned, however. there was
a Democratic love feast in the cloak
room. Senator Hitchcock. in speaking
Of the effect of the message, said:
"The message certainly lifted load
from a great many Democrats. II was
a great relief to some who already
knew how they were going 10 vote,
and great relief also TO some who
were still uncertain. ! am sure IT is
a good thing for the Democracy"
Senator Reed also expressed his de-
light over the outcome. The Demo
Gratis who signed the minority report,
Senators POmerene. Hollis. Shafroth
and Lee. said that their report spoke
for them
Senator Lewis. Of Illinois. who cham
poned the cause of Mr.. Jones. said
that had the President kept his name
before TIE Senate Mr.. Jones would
have beer confirmed.
The report OF the minority Demo
Gratis on the Banking and Currency
Committee held that alleged miSdeeds
Of the international Harvester Com
pany had been committed before Mr..
Jones became a director and there was
nothing i'm the record Of any of the
directors meetings attended by Mr..
Jones to show a violation Of any law
state or federal. unless il be the mere
fact that the corporation continued to
exist and do business"
Senator Reed. in opposing the Jones
confirmation, spoke to-day on the sub
iect Of monopoly and referred to the
harvester company.
"The man VINO conducts the IIar-
vester trust" the Senator said. can
not escape responsibility by alleging
that his sponsor and friend created it
before he took service. A man who can
not determine whether the practices Of
a monopoly are illegal until the ques-
ton has been decided by the courts is
too much in need of advice to be placed
in a position requiring independent
judgment.
Reed in Tan;rum.
"A man who cannot distinguish an
illegal act until the Judge is ready 20
impose sentence ought to be compelled
to attend a school OF morals. Some
people never can discern anything
clearly until they see it through the
bars Of Jail.
The Harvester company, the Senator
said. had many arms.
at is only one of that pestlferous
litter whelped in the Morgan Offices.
These are all united by the triple ties
Of consanguinity. affinity and interest.
The monopoly quagmire has common
origin and common bed Touched at
its circumference. il qulVers through
out its entire body. Shake 1t and there
will come crawling TO its surface the
foul beasts that inhabit Its slime.
Their heads Will appear in concert and
their angry cries unite in an inhar-
monious chorus of maledictiOn.
Their cause Is as much In common
a. was that OF Ali BaDa and his Forty
Thieves. Touch the international and
YOU arouse the steel trust. Awaken IT
and you disturb a chain of subsidiary
companies; you start into activity
Standard Oil and all its allies are in
stantly upon the scene OF action a
vast chain Of banks, a measureless net
work Of corporations. held together by
illegal agreements and Interlocking dl-
rectorates. You start at once into ma
licious activity every newspaper con-
trolled by crooked business"
Bill Aimed at Jones.
Legislation aimed directly at Pre.i-
dent Wilson's nomination OF Mr.. Jones
was introduced to-day by Senator
Hitchcock as an amendment TO the
trades commission bill. MIR Hitchcock
was ono Of the leaders Of the opposition
20 Mr. Jones.
Senator IItchcock's amendment would
make ineligible 70 membership on ihe
Federal Reserve Board or the Federal
Trade Commission, cor for any other
position of honor subject to appoint
ment by the President any person who
is a director, manager, trustee or other
officer of a corporation operating IN
violation of the antitrust laws OF the
United States or Of any state or resist
ing in court the enforcement of the
same