The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-07-10
BIG BUSINESS
DISCUSSION
UNFAVORABLE TO JONES
AND WARBURG FOR
BOARD
TEST OF STRENGTH
WEI! Come Monday When New
Resolution Will Be Voted
Upon
TEST OF STRENGTH
(By Associated Prcss.)

Washington. July sc. II. Doylc.
president Of the National Association
OF Bank Commissioners and thirty
five other State bank commissioners.
conferred with President Wilson and
later with Secretary McAdoo and
Comptroller Williams at the treasury.
TO discuss the new Federal reserve
banks. Necessity for legislation in
many states that state banks may be-
come meberS OF Federal system was
discussed
The adminitration met defeat to-
day in the fist stage CT its fight to
nave the Senate confirm the n0mina-
tons OF Thomas ID. Jones. Chicago.
and Paul M. Warburg. New York, as
members Of the Federal reserve board.
The banking and currency commit
tee voted to to report unfavorahly
the nomination of MIR. Jones and post
poncd indefinitely further consdcra-
t1on Of the nomination OF Mr. War
burg.
Wurburg Must Act.
Tho JLnes report will be submitted
early next week and debate over his
confirmation will be resumed on the
floor OF the Senate in executive ses-
sion. The committee will take no fur
ther action on the WarburG appoint
ment unless the New York banker de-
c,des to accept the committees inyes-
tigatlon to submit TO questioning. The
next move. according TO committee
members. must come from Mr.. War
burg.
/, The committees action was taken
IN the face OF the presidents; deter
mined effort to have the appointments
approved. In his conference with the
newspapcgs men today the, President
made itSclear that he would keep up
the fight.
Endorses Jones
Senator Lewis. OF Illinois. is con-
ducting the fight for Jonec' conflrma-
ton. Il was understood that he nov;
counts on a majority OF two to put
the nomination through, but half a
dozen Senator'S might delay confirma-
ton for many weeks II not defeat II
entirely real campaign to put the
Jones nomination through might pos
sibly cause the Senate 10 abandon its
work on antitrust Legislation.
Opposition to Jones was based on
the fact that he is director Of the In
ternational Harvester Company, now
being sued under the Sherman anti
trust act. Senators Lee of Maryland:
Hollis. Pomrene and Shafroth, ali
Democrats, voted for favorable report
on this nomination. while Senator
Hitchcock and Senator Reed, Demo-
Gratis and Bristow. Nelson, Crawford,
Weeks and Mclean, Republicans, vot-
ed for an unfavQrable report. There
was little criticism of MIR. Jones other
than that he was director of the
Harvester company.
VIII Know Monday.
Objections to Mr.. Warburg, so far as
is based on the fact that he has refus-
ed the committees request to appear
and submit to questions about his
business connections. Committee men,
bers hold that unless the Senate has
an opportunity to gain necessary in
formation about nominees II hardly
can be expected to make conirma-
tion.
The first test of strength on the
Warburg nomination may come Mon
day when resolution will he report
ed from the Senate rules committee
the membership of the
banking committee. This resolu-
tion's appearance may lead to debate
which will disclose some of the feel
Ing In the Senate toward the nomina-
tion.