Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-07-24

drawn jnHtH iNlnhi'} VH'"''' 'FF
with message"
Attack l. Continued.
senator Reed was vlHlbly affected
for second but cleared his throat
and proceeded with his attack az
though nothing had happened
IN executive session few minutes
later the formal announcement of the
Withdrawal was received without
comment When the scnate adjourn
ed. however. there was a democratic
lotp-fohst in the cloak room. Scna p
tor Hitchcock. tn speaking 81 the eI-
feet OF The message. said
THE message certainly iifled load
from great many democrats, Il was
great relief 20 some who already
knew how they were going To vote ana
a great relief also to some who We're
uill uncertain. II Is good thing Tor
democracy.
The report Of the minority demo
etnin on The banking and currency
committee held that alleged misdceds
III the Harvester company had been
committed before Mr. jones became a
director and there was nothing Ia tho
record ~ any Of the directors meet
inKs attended hy Mr.. Jones 60 show
Il violation Of any law, state OF fed
eral unless II be the mere fact That
tho corporation continued 10 exist aud
do business
The minority also took exception to
the report Of the majority eondemnihs
the New Jersey Zine company, with
which Mr. Jones le connected. assert.
ina that this company nevef hhd been
nffalgncd or complained of for the
Violation OF amy law aud TINT It's bus
neaa dealings were clean ana far,
Autl-Irist Program Endangered.
Prcaideni Wilson Is said TO have
been determined 90 press Mr. Jones
nomination until today when he con
.luded that the antitrust program
might lc endangered II The fight IN
the senate waH continued lie gave
up his Usual afternoon hAine 81 Eoil
ami worked on the letter To Mi Jones',
his Intimate friend aud personal
choice for governor of the reserve
board
Speculation over whom MI Wilson
WIN choose as Mr. Jones successor
began Immediately after The namina-
ton was withdrawn. The names Of
Dmef n Hershey of baltimore ana J.
NJ Fenton, the choice Of senator
Lewis of Chicago were alleged Go be
under confederation II was thought
that Assistant Secretary Of the Treas
try lIHmlln would now he made GOV
elnar If the board. The president has
been assured that the nemlnatiOn ~
Paul N Wafbufg can he confirmed IN
Tie senate
Mr.. Jones letter. made public ~
the White House today, Is as follows.
Chicago JulN 20, 1914,
IN, Dear MI President - have
reached conviction that Il rs my duty
a. ark you to withdraw my nomiha
ton as member Of the federal re-
strive hoard You are aware nat
w.,s III no sense whatever an applicant
Tor the office. II WIS with the great
cas- reluctance that agreed &c aceep,
the honorable but heavy burdens OF
thai office Va ease my nomination
were gent 60 the senate aud confirmed
bs Il did not then anticipate a pro
tiacted aud bitter contest AZ the IN
vitati8n Of the committee on banking
aud currency. / willingly appeared be-
ftro Il 10 answer any questions which
they mieht desire 10 ask 81 me ana
sndeuNofed "a answer With entire
frenkncss an the questions that We're
asked nnd my testimony WAS made
public ~ MY request
Administration Embarrassed.
II y not for me 90 surmlsc mo-
iiafa or to complain of results That
my nomination and the controversy
that has arisen over II IA the commit
tre on banking and currency II seri-
ouhly embarrassing your Adniinisifa~
ton and il causing injury 60 the party
Of which you are the leader ~ toe
clear 90 admit 81 any doubt And ~
view Oi the character af the report
made hs the majority Of the commit
tee on banking aud currency ma
3orify composed Of six republicans and
two dcmotfats-~Inpeh of q hascd on
distortion of facts and perNetHion Of
truth--l feel convinced that such OPP
position has developed Ia the eenfir-
nation Of ms appointment anA such
criiiciem has been made ~ my numl-
nation TINT even ii the nomination
Mere confirmed BY the senate my
usefulness as q member of the federal
reserve board would be seriously inn
paired
Il am not willing longer t. remain
the cause o. embarrassment 80 Your
and your administration and la View
Of the consideration above stated. J
now ask that YOU withdraw my namc
from consideration.
Faithfully yours.
THOMAS d. JONES"
in personal letter TO the president