New Britain herald., 1914-07-21
WARBURc TO MEET
 SENATE COMMITTEE
Sen. O'Corman Assures Banker That
 He Will Not Be Rtek|ed.

been taken which probably will insure the services of Paul M. Warburg of Kuhn, Loeb & Co.,, on the federal re- serve board.
 Senator O'Gorman met MT. War burg yesterday at White Sulphur Springs and as result it can be said that Mr. Warburg will meet the senate committee on banking and currency.
 Just what is the arrangement for his appearance could not be learned today, but it is known that MT. War burg will confer with the committee and will give the committee informa-' tion that it may desire.
 Obstacles Will Be Removed.
 Friends of Senator O'Gorman in Washington received word last night that MT. O'Gorman was satisfied after his talk with the New York banker that obstacles to his confirmation will be removed and that his services on the federal reserve board will be secured.
 There is no doubt in Washington that with a meeting between MT. Warburg and the senate committee arranged, the backbone of the oppo- sition to his confirmation will have been broken. Ever since the senate held up the nomination of the New York banker protests from business men in all parts of the country have been pouring into Washington. The opposition to MT. Warburg with few exceptions has resolved itself into an issue over his refusal to subject him. self to examination by the senate committee, and with that issue elim- mated there will be no doubt of his confirmation.
 Washington Officials Pleased.
 Members of the administration who heard last night that MT. Warburg would meet the committee were elat- ed over the news. The loss of the New York banker from the federal reserve board was the worst blow that has threatened the administration in connection with the establishment of the new banking system. It was real ized that the appointment of Mr. warburg more than that of any other member of the board had created confidence in the new organization among conservative bankers and business men the country over. Mr. warburg was the one man to whom the banking interests of the country looked for wise guidance in the mat ter of foreign exchange and other problems involving intimate knowl- edge of European financial conditions
 The belief in Washington today was that Senator O,Gorman had carried assurances to MT. -Warburg that the senate committee on banking and cur rency had no intention to heckle him and that this assurance had helped to clear the situation.
 Committees Desire Foreshadowed.
 The desire of the committee to dis pei the idea that MT. Warburg was to be, heckled was foreshadowed by statement made the other day by Senator Hitchcock, acting chairman This statement was made after Repre- sentative Oglesby of New York had approached Senator Hitchcock on the subject of MT. Warburg's conf1rma- ton without any authority from the New York banker. MT. Oglesby rep resented that Mir. Warburg had de- clined to appear before the commit tee because he expected to be heckled MT. Hitchcock in commenting on the incident, said:
 1T told Mr. Oglesbyt that I simply wanted to ask MT. Warburg a few questions about his business and his qualifications to fill the office for which he had been nominated. As no other witnesses had been called in his case it was evident that the commit tee did not mean to try to humiliate him.
 UnpleaSantness Removed.
 
 Senator Hitchcock added that he was certain that if MT. Warburg had understood the real motive of the committee in inviting him to appear 'tthe whole unpleasant business might have been averted.
 It is believed that this conciliatory statement by Senator Hitchcock had something to do with bringing about the developments yesterday at White Sulphur Springs.
 There was no doubt too that Presi- dent Wilson has urged MT. warburg to adopt a course that will enable the administration to bring about his con- flrmation, provided that this could be done without any humiliation to the New York banker.
 Few Suggestions Made.
 There have been one or two sugges- tions by friends of the president re- gently that an effort might be made to arrange an informal conference be- tween MT. Warburg and the senate committee on banking and currency. 1t IS likely that the preliminary meet Ing between MT. Warburg and the committee will take that form and that the understanding reached when Mir. Warburg and the members of the committee came face to face will be such as quickly to dispel the un- pleasantness that has arisen. There is only one member of the committee who ever has had a disposition to ask MT. Warburg very many questions in regard to his banking affiliations.