The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-22
WARBURG TO APPEAR
BEFORE COMMITTEE
Change Of Attitude Follows
Conference With Senator
O'Gorn,an.
CONFIRMATION rs LIKELY
T. D. Jones. in Letter. Upholds
Business Methods Of Har-
vester Company.
CONFIRMATION rs LIKELY

WARRINGTON, July 2i.--senators read
with interest to-day the news Of the con-
ference At White sulphur Springs. be-
tween Senator o'GormAn and Paul NJ
wsrburs. They learned that Mr.. War
burg, as the result OF that conference. will
meet the Senate committee on banking
and currency The opinion was expressed
by all that with such meeting arranged
the difficulties In regard to the confirma-
tion OF Mr. warburg will disappear.
Senator o'Gorman had not returned
from White sulphur Springs to-day and
Acting Chairman Hitchcock of tho COM
rittee, was out OF the city. II Is IN
likely that any steps will be tsnen in
regard to tho wsrburg matter until Mr..
oGorman returns.
There 10 every evidence that members
OF the senate will be glad 10 have tire
misunderstanding over the warSurg nomi-
nation cleared up. but Senator Weeks and
other Republican members OF the cum
mittee will continue to insist that the
committee get information from NJ. War
burg In regard TO his qualifications f.r
membership on tho Federal Reserve
Board.
Other developments in the Federal Re-
serve situation we're the receipt from
Thomas n. Jones OF Chicago Of his reply
to the communi cation addressed To him
by the minority members Of the senate
Banking and Currency Committee and Its
publication Ivy order OF the Senate.
Senator Nardamau made public long
statement giving reasons why he VIII not
vote for the confirmation OF Mr.. Jones.
! Administration leaders announced late
/ to-day that Mr.. Jones's csSe IN growing In
| favor In the Senate and they believe now
that he can be confirmed.
! Senator Stephenson. who 10 In WILSON,
sin, wired 10 Senator Sn,oot that he never
had been in favor OF the confirmation OF
Jones, as no had been reported from time
TO time to be, and asked Senator Sroot
! 10 pair him In opposition 10 Senator
Jones's confirmation.
ANY lust criticism based upon my be-
| ing a director OF the International lIar-
vtster Company must rest either upon tho
! fact OF my accepting a dictatorship In
| that company in 1909 or upon acts OF
| the company or It's board OF directors
subsequent 10 that date" wrote Mr.. Jones
| to the committee.
Mr. Jones then points out that up e
the time he accepted the dictatorship and
during the six years or more that the liar
vester Company had been doing business
! haG taken no action against the com
pany."
| There had been come suits against the
company under State statutes, but as
am advised and then believed and now
believe any Judgment agai-st the company
was based wholly upon facts CONNECTED
! with its organization and not upon its
| bus ness methods. then believed ma
| st!il believe that AT the date OF my accept
anCc OF the position or director tn" cor
| poration was law abiding CORPORATION
| and that It's business methods were pro
| ductivc OF bensnt and not OF harm. and n
! that belief I accepted tho position Of ii
| rector Since ! became director, - fal
! as have known the acts Of the company
| and It's board OF directors have hee'
neither oppressive nor Illegal in any par
! ticular."
Mr.. Jones points out that In the recorC
Of tho Missouri case agains: the Harvestc
COMPANY which va. introduced into tn
Banking and Currency Committees recor'
after he had been heard, tn court founl
that the organization OF the Intcrnations
! Harvester Company was repuguaut to tn
antitrust laws ~ that state. but NOR
important nnding by the court WAS tina
the charges OF unfair dealing by the com
pany toward the farmers had not beet
proved.
Mr.. Jones points Out an omission 10y tn
Banking ana Currency Committee to In
Guide IN the record a Letter by Edwin I
Grosvsnor spec,s! attorney for the GOV
eminent. In ti'l suit against the tiar
vestcr company. This Latter exonerate
Mr.. Jones, ami he cites that fact In hi
letter mod' public to-day.