Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-07-17
The Row Over Nomina-
ton of Jones and War
burg Slows Up Ma
tons Business
"Watchful Waiting" and ''Psy-
chology" Have Not Won the
Confidence of the People
Mexican Affairs May Reach
Another Crisis at Any Hour

Washington, D. c., July Is (SpeciaD
President Wilson's troubles come in
procession. They are one after anoth-
er. The latest is a fine, old-faShioned
Democratic quarrel as to nominations.
Public business before Congress is to
be halted. while the quarrel is settled
in the fine old-fashioned Democratic
way The Panama Canal tolls repeal
was to the fore just when il had been
expected there would be full steam
ahead with other business. 1t required
weeks and months to dispose of that
as the President wished. Congress in
session now is one of the consequences.
In mid-July Democratic House and
Democratic Senate are grinding away
with appropriation bills which should
nave been law more than month
ago. Similarly they are giving odd mo-
ments to the Presidents antitrust pro-
gram. which should be advanced much
more than ii is.
The Presidents troubles in Mexico
caused some Congressional delay, but
not so much as Panama. There will
apparently be much more delay over
the confirmation of his two remaining
nominations for the federal reserve
board, Thomas d. Jones of Chicago,
and Paul NJ. Warburg of New York.
AS the country understands pretty we'll
now, the Senate banking and currency
committee reported adversely on Jones
I to 4, because of his connections with
the Harvester trust. and pigeonhoed
the nomination of Mr.. Warburg, be-
cause he refused to come before the
committee and answer questions that
affected his qualifications.
But the President says both men
must be confirmed and is moving with
all the influence he can command to
have his way. 1t is by far the most
serious clash the President has yet
had with the Senate. Democrats there
have no organization worth the while
and are drifting along hap hazard
fashion, waiting to ascertain whether
the President can herd enough of them
together to make a majority for Jones
confirmation.
Meanwhile there is confusion about
the work of making ready for the new
banking system. In way. however.
the administration does not regret this.
The banks could not get down TO bus
mess as soon as promised any way
and the failure of the Senate to con-
firm Jones and Warburg furnishes an
excuse for not beginning as soon as
was promised the country Meanwhile
many bankers are coming to Wash
trgton on various errands and the
treasury department is inviting them
all around for conference and expla-
nation about details of the new bank
ing and currency system. 1t all goes
to demonstrate that il is an i'll wind
and so forth. The treasury has virtu-
ally no funds to spare to the banks
for moving the crops in the autumn al
though they have been told that Secre-
tary McAdoo will help them if they
really need help. The delay, and conse-
quent confusion over completing the
organization of the federal reserve
board will furnish an excuse for not
giving money out to the banks at this
juncture for crop moving purposes.
Pres Wilson is engaged extensively
in trying to combat the depressed
condition of business. This is holding
the attention of politicians at Wash
irgton very much. One big business
man after another has been coming to
Washington for a visit at the White
House. There is quite a mystery back
of it all, s to how J. P. Morgan, Henry
Ford, and divers business men came
tramping along to Washington for
talks with the President. Nothing very
definite has been given out as to why
they came or what they said with the
President. large delegation of Chi
cago business men came and their
talk was about changes they would
like to have in the federal trade COM
mission bill And these changes were
made, in the main' the President hav-
ing asked them to confer with Repre-
sentative Covington of Maryland, who
was the chief author of the trade COM
mission bill as it passed the House.
This procedure was a little out of
Continued on Page 7-CoIumn 81