The Sentinel=record., 1914-07-07
CONSUL HAS BEEN
 ASKED ID RESIGN
u. $. REPRESENTATIVE TO GREECE HAS BEEN CALLED
 TO SEND RESIGNATION.
Stated That His Resignation Had Been Forwarded Before Famous AL banian Statements Given.

Washington, July G.-The nsnina- tions by President Wilson of three of the five members of the federal re- serve board Charles S. Hamlin, w. P. G. Harding, and A. C. Miller were confirmed late today by the sen ate
 The nominations of Paul M. War burg of New York, and Thomas D. Jones of Chicago, have not been act ed upon by the banking and currency committee and probably will not be
 before the end of the week. lt was stated tonight that Mir. Warburg would ask the president to withdraw his nomination, but Acting Chairman Hitchcock, Of the banking commit tee tonight telegraphed an invitation for him to appear Thursday and sub init to the committees questions. 1t was suggested, however, that Mir. Warburg probably would decline the invitation and that this would be fol- lowed by an announcement from the white house that the nomination had
 been withdrawn.
 MT. Iiamlin, Mir. Miller and Mr.
 Harding take the oath of office with.
 in a few days and the work of set ting in motion the new federal bank ing system can begin at once. The secretary of the treasury and the comptroller of the currency are ex-of- ficio members of the board, which consists of seven members. The five will constitute a quorum to do prac- | tically all the preliminary business. Mir. Jones was before the committee for nearly four hours today to tell about his relations with the Intcrna- tional Harvester Company and the
 New Jersey Zinc Company, both so- called trusts. He was questioned at length by the members. No proposal was made to vote on report to the senate on his nomination but it is re- garded as probable that if approval is given it will be by a close vote
 Senator Hitchcock was authorized 10 give out nformataion secured
 from Mir. Jones. His report in sub stance was:
 MT. Jones was asked about his re- latons to two large business enter. prises, one of which was the lnterna-
 tional Harvester Company. Mir. Jones Esaid he became a director of that
 company in April, 1909, purchasing
 one share to qualify, at the request
 of Cyrus II. Mccormick, an old friend. He said he fully approved all the ac.
 tions of the company since he became
 director and believed that they
 were proper and within the law. Mr.
 Jones also announced he is in accord with the company's policy and said
 he had nothing to lose or gain by the decisions of the courts in the anti
 trust suit in the harvester case.
 Prior to 1897 Mir. Jones told the
 committee he owned and was presi- dent of a zinc company at Mineral Point, Wis, capitalized at Sl00, ,000
 in satisfaction of a debt. This com pany was taken over by the New Jersey Znc Company, then capital ized at $4 1000, 900. and the Jones brothers were given $900,0O0 in stock of the New Jersey stock for the $l00,- GOO in the Wisconsin company The New Jersey company acquired other properties and increased it's capital to $l0000. GOO It now produced 20 per cent of the spelter Of the United States, per cent of the sulphuric acid and so per cent of oxide of zinc As a result of various consultations the dividends of the New Jersey company last year were $5,0O0,oV3, and the year before $Io00,000.