The Birmingham age-herald., 1914-07-24
Received Without Comment

Received Without Comment
 In executive session few minutes later the formal announcement of the With drawal was received without comment. When the Senate adjourned, however, there was 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. It was great relief to some who already knew how they were going to vote and a great relief also to some who were still un- certain. I am sure it is a good thing for the democracy
 Senator Reed also expressed his de- light over the outcome. The democrats who signed the minority report. Senators Pomerene Hollis. shafroth and Lee, said that their report spoke for them.
 Senator Lewis of Illinois, who cham pioned the cause of Mir Jones, declared that had the President kept his name before the Senate Mir Jones would have been confirmed.
 President Wilson Is said to have been to press MT. Jones' nomination until today when he concluded that the antitrust programme might be endan- gered if the fight in the Senate was con tinued.
 Speculation over whom Mir Wilson will choose as MT Jones' successor began inn mediately after the nomination was with drawn The names of Omer r. Hershey of Baltimore and l. M. Fenton, the choice of Senator Lewis, of Chicago. were un- derstood to be under consideration. It was thought that Assistant Secretary of the Treasury Hamlin would now be made governor of the board.
 The President has been assured that the nomination of Paul M Warburg can be confirmed by the Senate.
 Jones Letter to President
 Correspondence between the Presi- dent and MT. Jones made public at the White House today follows in part:
 Chicago, July 20, 1914.
 MT. Dear MT. President-I have reached definite conviction that 1t Is my duty to ask you to withdraw my nomination as member of the fed eral reserve board. You are aware that I was In no sense whatever an appli- cant for the office It was with the gravest reluctance that l agreed to accept the honorable but heavy bur. dens of that office in case my nomina ton were sent to the Senate and con firmed by It. I did not then anticipate protracted and bitter contest. At the invitation of the committee on bank ing and currency l willingly appeared before 1t and l endeavored to answer with entire frankness all the questions that were asked and my testimony was made public at my request.
 "It is not for me to surmise motives or to complain of results That my nom- ination and the controversy has arisen over it in the committee on banking and currency is seriously embarrassing your administration and is causing in jury to the party of which you are the leader is too clear to admit of any rs<xx,t 70 ..l., of the report made by the majority of the committee on banking and cur rency. much. of it based on distortion of facts and perversion of truth, I feel convinced that even if the nom ination were confirmed by the Senate my usefulness as member of the fed eral reserve board would be seriously impaired.
 T am not willing longer to remain the cause of embarrassment to you and to your administration and in view of the considerations above stated I now ask that you withdraw my name from consideration. Faithfully yours.
 THOMAS D. JONES"
 Sends Personal Letter
 In a personal letter to the President accompanying the formal request. MT. Jones said:
 T cannot let the matter go without a personal word, which l deemed map propriate to be inserted in that letter. confess that the opportunity to be associated with you. in the actual crea- tive work of government. took strong hold upon my imagination. 1 doubt whether l could have stood the work long, but l was prepared to devote the last ounce of strength there was in me to the work which your proposal seemed to bring to me.
 Now that the vision is passed, my preponderant feeeling is that of pro found relief I had come to feel that was in some way the occasion of getting you into inextricable difficult ties. I am sure that my withdrawal is wise
 q hardly dare trust myself to say how deeply l prize the confidence you have shown in me and your endeavors to carry the matter through. It will al- ways be a matter of real and deep pride to me-.
 The Presidents Answer
 President Wilson's reply:
 My Dear Friend: Your letter of the goth of July brings to me, think. more kinds of regret than any other letter I have ever received. Regret first of all. that the country should lose the invaluable services of such a man as I, and all fair minded men who know you at all, know you to be; regret that I should have brought upon you so unpleasant an experience in which you were treated with gross and manifest .~~~~