New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-11
Banking Committee Won't
Act on Nomination
Without a Hearing.
REPORT ON JONES
EXPECTED MONDAY
Opponents of Reserve Board
Apprentices Deny Hostility to
Big Business.
trrnm The Tribune Rureau.l

Washington, July lO.-SenatOf hllch-
cock. acting chairman OF the banking
and Currency Committee, VIII report
adversely on the nomination oil lhomas
ID. Jones, of Chicago, as "a MEMBER Oh
the Federal Reserve Board on MONDAY
provided the Senate holds an executive
session that day.
IN the mean time the senate com
mittee intends to stand pat" in regard
10 the nomination of Paul NJ. Warburg,
declining to give il further considera-
ton unless Nh Warburg yields to the
request of the committee to appear
before il and answer questions.
Senators who favored his eonirma-
ton were positive that unless he ylelG-
ed 10 this request. which they held was
reasonable, Mr.. Warburgs nomination
would not be acted on favorably by the
Senate. Senator Weeks, of Massachu-
setts, a Republican member OF the
Ranking and Currency Committee VINO
has been supporting the nomination
declared he did not believe the admin
istration could muster enough votes 10
nut through a resolution TO discharge
The committee from further consldera-
ton, thus throwing the nomination into
the open Senate Members of the Sen
ate, he said, felt that the Executive
was encroaching on the Senates pre-
negatives.
Decry Enmity TO big Business"
Members of the committee are
aroused over the attempt of the admin
:stration to make il appear that the
committee, by holding up the nomina-
tions of Messrs. Jones and Warburg
has shown itself antagonistic to DIG
business" They insist that they are
not opposing business, big or little, sc
long as il is legitimately conducted.
Senator Hitchcock said to-day that
h. was not opposed to big business
and that he thought none of the other
members of the committee were, lie
EXPRESSED himself as confident that the
Senate would not try to put through
the nomination of Mr.. Warburg while
he maintained his present a>ltude.
Mr.. Hitchcock also said that ne be-
lieyed a majority of the Senate, when
the testimony taken IN the committee
was received, would not vote for Mr.
Jones. While he did not suggest that
il would be wise thing for the Prcsi-
dent to read the testimony OF Mr..
Jones before issuing further state
ments. he did say that copy OF the
testirro ny could be had by the Presi-
dent WI lenever he desired II Dy callHg
on the executive clerk of the Senate.
Senaa ors who are supporting the
Presidei II insisted that he had enough
votes. and some to spare, TO confirm
Mr.. Jon es. Regarding the Warburg
nominati om they were not so outspoken
saying II cir plan was to confirm Mr.
Jones fl st. Senators Hollis, Ne"
Hampshir e, and Shafroth, Colorado
Democrats both of whom voted IN
committee to report favorably the
nomination l Of Mr.. Jones, predicted he
would be { confirmed.
Shern an Will Support Jones.
A telegls m was received to-day by
Senator Ia wis, of Illinois, from HE
Republican colleague, Senator sherman
saving thsz he intended to vote for
Mr.. Jones.
A telegrss was received by Senator
Hitchcock 81 ON the Manufacturers AS
soc;ation OF Illinois protesting against
Tho attitude. of the Banking and Cur
rsncv Comnr ;ttee toward Messrs. Jones
sn5 Werbur &. and asking tina, their
nominations be confirmed.
,rrcupIc tho attl .uCp al