The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-16
WILSON NAMES FIVE
FOR RESERVE BOARD
Assistant Secretary Hamlin
Gets Place Refused by
+. G. Simmons.
SENATE NAY OPPOSE JONES
Chicago Member Was Once Con-
nected With the Big Har-
vester Company.

WASHINGTON. June 15.--President Will
son sent to the Senate to-day the nomi-
nations of the FIVE members of the Fed
eral Reserve Board he 10 authorized to
name under the new currency law. The
only surprise was that Charles S. Hamlin
of Boston, First Assistant Secretary Of
the Treasury. was appointed to the place
which had been rendered to President f.
c. Simmons of the Simmons Hardware
Company of St. Louis. Mr.. Hamlin is
named for the two year term.
The four others are Thomas p. Jones
or Chicago, TO serve six years Paul War
burg OF New York, for four years w
p. q. Harding of Birmingham, Ala, for
eight years. and A. c. Miller OF San
Francisco for ten years.
The governor OF the board, II was an
nounced, will not be designated until after
the Senate confirms the nominations. II
was pointed out that under the law the
President may name any one OF the Ave
mon governor. The belief here Is that
Mr. Jones will be selected.
senate Opposition Looked For.
1t is expected that Administration lead
crs in the Senate Will encounter some DIM
Guilty In getting the confirmation OF the
Presidents appointees. Opposition In GER
tain. IL Is said. to Thomas u. Jones OF
Chicago, who at one time was connected
with the so-called harvester trust. The
debate on Mr.. Jones's appointment IL ex-
pected to develop that the nominee was a
heavy contributor to the Wilson cam
palgn fund.
Mr.. Simmons declined the offer OF a
place on the reserve board because OF his
unwillingness 90 give up his business
connections. II had been expected until
H.. - IL
go to the Senate to-day
The selection OF Hamlin is generally an
proved in Washington. He served as As
sistant Secretary OF the Treasury under
President Cleveland and first took office
under the Wilson Administration as As
sistant Secretary OF the Treasury In
charge OF customs. He succeeded John
SHELTON Williams as First Assistant Secre-
tary in the early spring when the latter
became Comptroller Of the Currency.
For Years Associated with Wilson.
Thomas n. Jones NAMED for the
Federal Reserve Board. is wealthy
retired lawyer. He was born I'm
Wisconsin sixty-two years ago. After
graduating from Princeton In the class OF
20 Mr.. Jones came to Chicago. where he
practised law from 1877 until 1900. when
he retired. He Is unmarried. Mr.. Jones
was for years associated with President
Wilson as trustee of Princeton Uniyer-
slty while Mr.. Wilson was president OF
the institution
Paul N. Warburg Is member OF the
banking firm OF Kuhn Loeb & Co. from
which he will resign TO become a member
OF the reserve board. He IL director
of the National Bank OF Commerce. Title
Guarantee and Trust Company and United
States Mortgage and Trust COMPANY
from which he will have to resign also
When Mr.. Warburg was named as mern-
Der OF the reserve board there was con.
siderable opposition to him expressed IN
the Senate chiefly ny Progressive Re-
publican Senators who referred to him
az a "reactlonary."
Adolph Casper Miller IL an economist
and college professor. who was assistant
to the Secretary of the Interior until APP
pointed TO the Reserve Board He IL a
graduate OF Harvard. where he was an
instructor In economies. and from 1892
to 1902 was professor OF finance at the
University OF Chicago From 1902 until
he went to Washington last year he was
Flood professor of economics at the Uni
versty OF California.
Mr.. Miller IL also chairman OF the
Government board OF exhibits at the
Panama Pacific Exposition and advisory
editor of the Journal OF Political Econ
omy. lie Is tho author OF "'rhc Monetary
Problem In the United States" which
was published by the Illinois Bankers
Association.
William T. q. Harding is president of
the First National Bank OF Birmingham.
Ala, which position he will have to re-
Sign. He began as clerk in n private
banking house and was bookkeeper In the
Rerney National Bank of Birmingham
from 1856 to 1896, when he became vice.
president He liz also president OF the
Birmingham Chamber OF Commerce.