The Washington herald., 1914-07-22
'WARBURG Will
MEET QUIzzERs
Believed His Appearance Be
fore Committee VIII Remove
Opposition IN the Senate.
JONES REPLY GIVEN OUT
D.. D. NJ.
JONES REPLY GIVEN OUT
Reserve Board Nominee. in Letter
Calls Criticism of His Connection
Grossly Unfair"

/ senators read with interest yesterday
the news of the conference between Sen.
ator oGorman and Paul n. warburg, al
/ White Sulphur Springs. They, learned
| with considerable satisfaction that Mr.
Warburg, as the result OF that confer.
ence, will meet the Senate Committee on
Banking and Currency. The opinion was
expressed by all that with such a meet
ing arranged the difficulties in, regard to
the confirmation Of Mr.. warburg would
disappear.
Senator O'Gorman did not return from
White Sulphur Springs yesterday, and
acting Chairman Hitchcock, OF the SEN
ate Committee on Banking and Currency,
was out of the city. II is not likely that
any steps will be taken in regard to the
Warburg matter until Mr.. O'Gorman re-
turns from the West Virginia resort.
There is every indication that mem
bers Of the Senate will be glad to have
the misunderstanding over the warburg
nomination cleared up, but Senator
Weeks and other Republican members Of
the committee will continue to insist that
the Senate committee shall have informa-
ton from Mr.. warburg in regard to his
qualifications for membership on the
Federal Reserve Board.
Jones' Reply Announced.
The other developments in the situation
yesterday were the receipt from Thomas
ID. Jones, Of Chicago, Of his reply to the
communication addressed to him by the
minority members of the Senate Banking
and Currency Committee, and its publi-
cation, by order Of the Senate, and with
the consent OF Mr.. Jones.
Although Thomas d. Jones, in his
letter to Senator Hitchcock. expressed
his desire that his letter be made pub
lie, the minority members ofthe Bank
ing and Currency Committee, who are
were unwilling to make public the let
ter until after they had had an execu-
tive session of the Senate and passed
a motion to remove the seal of secrecy.
ANY just criticism based upon my
being q director of the International
Harvester Company must rest either
upon the fact of my accepting a direc-
torship in that company in 1909. or
upon acts OF the company or its board
of directors subsequent to that date"
wrote Mr.. Jones to the committee.
Mr.. Jones then points out that up to
the time he accepted the dictatorship
and during the six years or more that
the International Harvester Company
had been doing business. the govern
ment Of the United States has taken no
action against the company.
There had been some suits against
the company under State statutes, but
as am advised, and then believed. and
now believe, any Judgment therein
against the company was based wholly
upon facts connected with its organiza-
lion and not upon its business meth~|s
then believed, and / stfn believe. that
1t the date of my acceptance Of the
position as director the corporation was
! law-abidfng corporation. and that its |
business methods were productive Of !
benefit, and not Of harm, and in that be- |
ieve accepted the position Of director"
Boldly Defends COMPANY.
Mr.. Jones declares in his letter that
since I became a director, so far as
have known" the acts OF the company |
and, its board of directors have been
neither oppressive nor illegal in any par
ticular.
Not one single act Of the company dur
ng that period was instanced in my
hearing before the committee as consti-
tuting a violation Of the law"
Mr.. Jones complains in his letter that
be had no intimation from the commit
tee before he was called that he was ex-
0ected ito come prepared to make a COM
1lete and detailed statement with regard
70 the entire business of the corporation
With which I was connected"
In concluding, Mr.. Jones criticises the 1
committee sharply for Its report on his
with the New Jersey company.
5e said:
Calls II "GrossIy Unfair.o
IAN inquiry ostensibly intended Simply
o determine my fitness for public Office.
! corporation in which I was a director
as been branded as a trust and its earn
1gs sdgmatized as 'unconscionable, and
hese charges were spread broadcast
through the public press under the great
Of the Committee on Banking
nd Currency Of the Senate, and this, too
ccurred in the case of a corporation
Thich In its present form has been car
ying on business for seventeen years ard
gainst which not a single accusation
as ever been made In any tribunal, either
'oderal or State. that its organization Is
legal or that its practices are oppres-
I've or extortionate. I submit to your /
onorable committee that such procedure (
grossly unfair
Senator Vardaman in a long statement
st night explained his reason why he
rII not vote to confirm Mr. Jones. Ad-
Illustration leaders believe now, how
yer, that Mr.. Jones' case is growing in {
Evor and that his confirmation is prob
bic.