The Birmingham age-herald. [volume], July 31, 1914, Image 1

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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THE BIRMINGHAAt'AGE-HE RALD
VOLUME XXXXIV
BIRMINGHAM, ALABAMA, FRIDAY, JULY 31, 1914
12 1‘AUKS
NTMBKR Hrt
GRAVITY OF EUROPEAN SITUATION INCREASED BY GERMAN
ULTIMATUM TO RUSSIA, DEMANDING AN ANSWER IN 24 HOURS
FEW HOURS WILL
DECIDE WHETHER
EUROPE WILL BE
German Cabinet Sits at
Potsdam Until Midnight.
Censorship Placed Over
All Telegraph Lines
GERMANY DEMANDS
EXPLANATION OF
RUSSIAN ACTION
In Absence of Satisfactory Reply to
Note Regarding Mobilization of
Russian Troops, It Is Feared
Germany Also Will Take
Steps to Mobilize
l.ondnn, July Rl.—Early thin morning
eontcM news that the German cabinet,
presided over by the Emperor, sat at
l'otsdam until midnight and that a cen
sorship over the telegraph lines Is being
imposed nt Iterlln.
This is interpreted here as Implying
preparations for German mobilization
and a few bourn will probably decide
whether Europe Is to be Involved In
universal warfare.
It is fully expected both at London
and Berlin that the Russian foreign
minister, Sergius Sazonoff, will reply to
Germany's demand for an explanation
to the effect that Russian mobilization
has already been ordered and cannot
be cancelled.
In the event oGermany mobilizing
it is expected that Premier Asquith im
mediately will ask Parliament to sanc
tion a large vote of credit as a neces
sary precaution.
London, July 30.—With the exception
of offical reports from Vienna, in the
briefest form, and thus far dealing with
the bombardment of Belgrade and the
capture of several Servian vessels on
the Danube, little reliable news has
been received in London concerning the
course of hositities in the' Austro-Serv
ian war.
Numerous reports are current that
battles are in progress at various
points, including one reported from
Milan that a heavy engagement is rag
ing south of Belgrade tonight, but ac
cording to Servian official accounts, all
attempts on the part of the Austrians
to cross the river have been repulsed,
and reports of the occupation of Bel
grade are considered premature.
While the news of the actual de
velopments in the Austro-Servian war
is unsatifactory the general situation
is one of growing menace. There is a
vague report that. Austria and Russia
are still engaged in diplomatic nego
tiations through the medium of Ber
lin, direct diplomatic Intercourse be
tween Austria and Russia having been
suspended, but slender hopes are en
tertained of success in this direction.
GERMANY SENDS
NOTE TO RUSSIA
Germany Jias addressed a note to
Russia requiring an explanation of
Russia's mobilization, and in the ab
sence of a satisfactory reply it is
feared Germany also may take steps
to mobilize. It is understood that on
the failure of his conference scheme
Sir Edward Grey invited Germany to
suggest some way out of the difficulty,
| and all eyes now are turned to the
) German Emperor as the man upon
whom Europe’s fate depends.
It is believed if the German Emperor
desires it, peace will be maintained. The
German view is that it behooves Great
Britain and France to bring pressure
to bear upon Russia to allow the two
principals to Bettle their diferences
without outside interference.
In the meantime, every nation in Eu
rope is taking active steps to be pre
pared for any eventualities.
The Daily Telegraph's correspondent at
Vienna, who is often the mouthpiece of
the Austrian government, says that Sir
Edward Grey’s mediation proposal must
not have the object of modifying the
peace terms agreed upon by the belliger
ents.
‘The Austro-Servian conflict in all Its
phases, from the wording of the ratifi
cation of a peace treaty,” lie says, "is
deemed to be a matter which concerns
those states alone, just as Fount Von
Aehrenthal (the late Austro-Hungarian
minister of foreign affairs! refused firm
ly to discuss the annexation of Bosnia
and Herzegovina with any power but
Turkey and accepted the suggestion to
come to a conference only on the express
condition that this question should be
eliminated from the list of topics to we
dealt with.
“So will Count Von Berclitold decline to
(Continued ob Page Mae)
#♦♦♦♦♦♦♦♦♦♦♦••♦•••••••••••—•••••••••..
TODAY’S AGE-HERALD
1—Gravity of European situation In
creased by German ultftnatum to
Russia. ■
Possibility that Japan may enter
Austro-Servian war considered.
Wheat surprises traders at close by
decllne when advance was due.
Secretary Bryan defends proposed Co
lombian treaty.
♦—Birmingham boys enjoy 40-mlle hike
to Hendersonville.
♦-South asked for money to help In
handling crops.
♦—Editorial comment.
I—Bivins comes out for skyscraper Jail.
Weatherly gives out letter from At
lanta lawyer.
Wilson not given to Interference In
state rights.
Missing Cullman county treasurer in
tolls of law.
♦-Society.
T— Sports.
♦-N., C. Ik St. I,. to rebuild yards at
Gadsden.
♦-Governor asks people to aid in exhibit,
Alabama will be heavy loser hy defeat
of bill.
Mar luta.
■ , .Jy.) |
V A # 1
RUSSIA’S AMIDE
CAUSES PESSIMISM
AS TD PEACE PLANS
OF DIPLOMATISTS
Well Known That Efforts
Will Be Fruitless if
Russia Considers
Plans Ripe
AUSTRIAN SHELLS
NOW FALLING IN
SERVIAN CAPITAL
Open Heavy Cannonade in Second
Attack—Casualties Said to Be
Comparatively Light — At
tempt of Austrians to
Cross River Repulsed
* *
4 BO MB \ H I Ml EX T OF 4
* B FLORA OH BEGINS ANEW 4
4 4
4 London, July 30. -The Servian 4
4 legation here received a message 4
4 tonight from Nish saying th • bom- 4
4 bardment of Belgrade was resumed 4
4 by the Austrians at 0* o'clock this 4
f morning. Shells were directed at 4
4 tiie principal streets of the city. 4
4 The telegram added that several 4
4 Austrian spies had been captured 4
4‘ by the Servians. 4
4 ♦
Vienna, July 30.—Opinion concerning
Russia's attitude in the Austro-Servian
situation is becoming extremely pessimis
tic, The feeling of pessimism was
strengthened today by the news of Rus
sia's preparations, which was regarded
here as meaning a complete mobilization
of her forces. It is well known here
that the peace efforts of European diplo
macy will not succeed if Russia considers
her long fostered plans at last ripe for
realization.
The only news thus far received from
the Servian side concerns the damage to
the Semlin-Belgrade bridge. This bridge
was regarded as neutral ami its destruc
tion is therefore considered a breach of
international law.
A semi-official dispatch reaching here
tonight concerning the movements of
Austrian troops says:
“The covering line of our troops on
the River Drina has been pressed forward
to the main arm of the river. There was
some fighting during this advance, but
Tiot of a serious character. About 10
Servians were killed. Bands of Servians
vainly attempted to harrass the Austrians
at Bjelina.
Bjellna is in the north corner of Bosnia,
between the rivers Save and Drina.
Emperor Francis Joseph’s arrival here
today from 'lschl was the occasion for
one of the greatest demonstrations ever
witnessed in Vienna. A crowd estimated
at 30,000 gathered at the station and
cheered the Emperor with frenzied loy
alty.
From the parts of the monarchy comes
news of old officers and soldiers volun
teering for active service. The volun
teers include many of Bosnian origin.
Belgrade, July 30.—The Austrians opened
a heavy cannonade in their second at
tack on Belgrade at 11 o’clock last night..
The guns of the Austrian monitors and
the batteries at Semlin fired until 2
o'clock in the morning. Several buildings
were damaged.
The Servian guns replied only occa
sionally. An Austrian gunboat was badly
damaged. An attempt by the Austrians
to cross the river was repulsed with
severe losses by heavy infantry and ma
chine gun fire. The rifle fire lasted until
4 in the morning. There were no Ser
vian losses.
The Austrians made several other at
tempts to cross the rivers Save and Dan
ube, hut were everywhere driven back.
It was reported they intended to renew
their bombardment of Belgrade today.
Vienna, July 30.—The following official
dispatch was received here tonight:
“About midnight machine gun fire was
tCoutlaued on Page Ninel
THE UNITED STATES
Daniels Signs the Contract
Plans—To Cost $7,800,000
Each Exclusive of
Armament
Washington, July 30.—Secretary Daniels
today signed the contract plans for three
new battleships authorized by Congress
this year. These ships, to be named the
California, Mississippi and Idaho, will be
the largest battleships yet designed for
the United States navy, and their cost,
exclusive of armor and armament, has
been limited to $7,800,000 each.
Specifications will be open for inspec
tion by prospective bidders on August 1,
and bids opened at the navy department,
October, 1914.
The new ships will be 40 feet Jonger and
have 4500 tons greater displacement than
those of the Nevada class, launched this
month. Their speed will be 21 knots, com
pared with 20% knots for the Nevada
class. The Ida ns call for vessels 024 feet
long, of 97 feet beam. 30 feet draft, and
32.000 tons displacement.
Their batteries will include 12 1 t-inch
guns, four submerged topedo tubes and
U a-inch rapid fire guns.
Believed if Great Britain Is
Drawn Into Conflict ,
Japan Will Come ^
to Her Aid c^v>
FLEETS Of^MA^ *
NATIONS NOW IN
THE CHINA SEAS
Suggested That First Naval Clash of
European Powers May Occur in
the Orient—American Vessels
Would Look After All
Neutral Citizens
t WATfHFIL WAITING 4
t IS JAPAN'S I'OMn .
♦ - *
$ Tokio. July .'{0.—Japan's attitude $
4 on th<* European crin’s may l»e de- $
4 scribed us one of watchful waiting. 4
4 Should Great Britain become in- $
♦ volved In the war and British rights $
$ and interests in eastern Asia or 4
♦ Indian be menaced or attacked. It Is \
♦ stated that Japan in fulfillment of $
♦ her allianc^ with Great Britain, 4
t will assist that country. However. $
♦ if the war is limited to Europe. $
♦ Japan probably will remain neu- 4
♦ Irak 4
♦ Several newspapers here sav the 4
♦ withdrawal of Russia's forces from 4
♦ the far east would afford Japan \
$ an opportunity to extend her in- 4
♦ fluence In Asia. f
$ A suggestion has been made here \
$ that Japan and the I’nited States 4
♦ simultaneously essay mediation in 4
$ the European crisis. f
L_ •
Washington, July 30.—The possibility
that Japan might become involved in a
general war should her ally, England, be
drawn into the threatened vortex in Eu
rope was discussed today in diplomatic
circles here. The treaty of alliance be
tween Great Britain and Japan, signed
in 1905 and renewed In 1911, provides that
the two countries shall support each other
in the event of an attack or aggressive
action against either in Asia or in India
by another power.
There have been rumors of secret
clauses, greatly extending the scope of
the convention, and making it apply to
hostilities conducted outside of the far
east, but the existence of any such extra
provisions is unknown to the state de
partment or to the Japanese embassy
here.
Therefore the possibility of Japan’s be
ing drawn into any war that might in
volve Great Britain with Germany or
Austria, or Italy, is believed here to hinge
entirely upon naval developments in the
far east. In those waters are many ves
sels of European powers engaged In look
ing after the Interests of their citizens
resident in China, Korea and Japan. Just
as the list blow in the naval war be
tween the t'nited States and Spain in
1898 was unexpectedly struck in the far
away Philippines, it is suggested the first
clash between European powers might
occur in the China sea. And ift case
the British fleet there should liner itself
engaged in hostilities with the German
and Austrian and Italian vessels, many
believe Japan would be called upon to aid
her ally.
FLEET MADE UP
LARGELY OF CRUISERS
Aside from Japan’s navy, the Interna
tional far eastern fleet Is made up largely
of cruisers. Many of the vessels, how
ever, are more powerful than any of the
American warships that followed Dewey's
pennant into Munlla nay 16 years ago.
Great Britain. Including her East Indian
squadron, has two battleships, two large
cruisers, four light cruisers and 35 smaller
craft, Including gunboats, destroyers, tor
pedoes and submarines.
Germany has two armored cruisers, four
light cruisers, seven gunboats and two
destroyers.
Russia has four light cruisers, eight
small gunboats, 30 destroyers and 13 sub
marines. the latter said to be In poor
condition.
The French fleet In the Orient Includes
two armored cruisers, five gunboats and
one destroyer.
Italy had only one cruiser at last re
port in Asiatic waters.
The American navy in the Philippines
and Chinese waters comprises one first
clasH cruiser, two third class cruisers,
10 gunboats, two monitors, five destroy
ers and several auxiliaries.
In the event of war, this fleet might
play an Important part in looking after
American affairs and perhaps In car
ing for the rights of the citizens of neu
tral governments.
EUROPEAN DEMANDS FOR
GOLD WILL BE MET
Washington. July 30.—European de
mands upon New Vork for gold will he
met by transfers from the United States
subtreasuries so as to keep the metrop
olis always sufficiently supplied to meet
all calls.
Treasury officials said today It would
be ugainst public policy to make known
dt tails of such shipments, but they em
phasized the preparedness of the United
Slates for taking care without inconven
leave to itself, of almost any demand
which, even In event of war, Europe rea
sonably might be expected to make on
this com.try’s gold supply.
It was declared the United States now
has n.ore gold than almost any two
other nations combined, and that with
Europe buying heavily from food and
manufacturing markets here on account
of reduction tn working forces at home,
it was almost Inconceivable that a situa
tion could arise where Amerlou would be
drained of gold to an Injurious extent.
The Panama canal, which jvlll be
open to ' commerce In another two
(UitliM* op Pap* Mu)
..
Time Verifies What Sherman Said War Was
*•••••••••«••••••••••••••••••••••••••••••••••••••••••
Says United States Is Liable
for Damages Caused the
South American Coun
try by Canal
Washington. July 30.—A second formal
statement In defense of the proposed
Colombian treaty was Issued tonight by
Secretary Hryan. Without mentioning
Colonel Roosevelt, Mr. Hryan replied to
arguments advanced by the former Pres
ident in his attacks upon the adminis
tration proposal to pay Colombia $25,
000,000 in settlement of claims growing
out of the separation of Panama and the
acquisition of the canal zone by the
United States
Reiterating his declaration that in con
sidering the treaty it is not necessary to
exandne into the merits of the contro
versy over tiie action of the United States
in 11*08. the secretary urged that even if
the United States in acquiring the canal
zone was exercising a right of eminent
domain, it was not relieved of liability
for actual damages resulting to Colom
bia.
Colonel Roosevelt recently asked the
Senate foreign relations committee to
hear a statement from him before re
porting the pending treaty. Chairman
Stone replied that If the committee de
cided to pass upon the convention at this
season it would be glad to hear from
the colonel, hut the general understanding
is that the matter will go over until
Dece ii. her.
Bryan’s Statement
Secretary Bryan In his statement to
night says:
“in considering the treaty with Co-;
Icrnbia. it is not necessary to examine
into the merits of the controversy relat
ing to the action of the United States
in 1903. The present treaty deals with
the situation as it presents itself today
and Is fully justified, no matter what the
ordinary one may adopt as to the course
pursued by our nation in connection with
the separation of Panama from Colom
bia. Some contended that the action
taken by the United States was based
upon the necessities of the case and those
necessities, as stated by those who take
this position are, that Colombia was not
able to build the canal herself and was
not willing to sell to the United States
upon reasonable terms the right to build
the canal.
“Those who take this position put the
United States in the attitude of exercis
ing the right of eminent domain iiv the
interests of the world's commerce; but
the exercise of the right of eminent do
main does not relieve those who exer
cise it of liability for actual damages
suffered.
“If it is contended that the price offered
by the United States prior to Panama's
separation was a reasonable one, and that
Colombia ought to have accepted it, that
valuation cannot be reduced merely be
cause Colombia was not willing to accept,
the offer. The price then offered was
approximately $17,500,000 ($10,000,000 cash
and $250,000 a year for a hundred years,
which could not be capitalized at IT,500,
OOO.j But when this price was offered it
was understood that Colombia would re
tain the state of Panama and have the
advantage to be derived from proximity
to the canal.
“What justice or fairness can there he
4Coatlaaad ©a Pace Mae)
qJ
Flashes From War Zone
RUSSIA GIVEN 24 HOURS
TO MAKE EXPLANATION
Merlin, July .‘HK— t note rits|»ntelte<| »»>
4hv ffovrrnmeiK to si. 1‘ttPrn
hurg I hi* forenoon give* Russia 24
hours to explain her Intentions vvllh re
gard to mobilization.
In diplomatic «|imrters here Is vtm*
stated that the extraordluiiry note to
It oss I u asks three question*, namely,
the olijeet of the mobilization, whether
ll vwi* directed against A ust rln-ltiin
garj anil whether Russia whs willing
to order n stoppage of the inohlllKii
tlon.
In tlic meanwhile nil preparatory or
ders for n inolilllzntion of the (termnu
array were Issued. All tlie reserve of
ficers were reonlled and no leave Is to
l»e granted.
\ll railroad battalion* have been
given special orders.
FRENCH MINISTERS CONSULT
WITH PRESIDENT POINCARE
Paris, July 30. -On receipt of advices
that Germany had asked explanations
of Russia, and had set a time limit. Pre
mier Rene Yiviani and the French min
isters of war and marine went to the
Elysee palace to consult with President
Poinoaire.
The Temps says the sole object of this
meeting was to study the measures that
France should take in case Germany
actually mobilized.
No decision was taken, but the Temps
adds:
"We are able to declare that France
will not mobilize unless Germany does. ’
Martial Law Proclaimed
Riga, Russia, July 30.—Martial law
was proclaled today over Bolderau and
the mouth of the Dvina river and its
vicinity. Steamers have to obtain spe
cial permission to pass in and out. The
field of submarine mines outside the en
trance to tiie harbor is to be completed
tonight.
Francis Joseph to Vienna
Ischl, Austria. July 30.—Emperor
Francis Joseph left here today amid
scenes of wildest enthusiasm for Vien
na. A great crowd gathered at the sta
tion and cheered the aged monarch.
Archduke Charles, the heir to the
throne, accompanied his majesty.
England Mobilizing
Valetta. Malta. July 30.—Incessant
prparatjons proceeded among the large
British garrison and also among the
vessels of the Britich tleet here
throughout the night. All leave for of
ficers and men has been stopped by
schedules. The authorities Issued orders
for a precautionary stage of mobiliza
tion and as a consequence great activi
ty was apparent In the dock yards.
Receive Message From Germany
Paris. July 30.—Louis J. Malvy, the
French minister of the interior, made the
following announcement tonight to a
number of deputies who had gathered in
the lobbies of the chamber:
“VVe have received from Germany news
which we did not dare to hope.”
"The situation," M. Malvy continued, "is
now better than has generally been sup
posed. It is permissible to foresee a mo
ment when negotiations may enier Into a
way leading to a favorable solution.”
No Chance for Mediation
Rome. July 30.—Today official circles
here have abandoned all hope of the
efficacy of mediation's sunshine in the
European conflict. It was stated that the
moment had now come for Germany to
show' whether she still wants Czech's
warfare, and it was estimated she alone
could intercede for peace.
Netherlands Neutral
The Hague, The Netherlands. July 30.
The Official Gazette today publishes in
pica a declaration of absolute neutrality
on the part of The Netherlands during
the Austro-Servian war.
I.oihIoii, July 80,— A iINpHleli from |
St. Petersburg to IteiiterM Tclegriipli .
company mH)h It 1m believed In St. j
IVt (‘CnImii'k that %iiK(rin will dcctnrc
j war ngnlnst IIiimmIh tomorrow.
'I'lie dlNpateli adds (hut if thin mImmiIiI
be tlie cnse, If In uiiderMtood flint l<Sm«
peror MoHoIum will go to Moncow to
deliver a pronouncement In tlie I M|»en
•k.v eat bed rnl.
Austrians Invade Servia
Nish, Herviu, July 30.—The invading
Austrian troops advanced today some 30
miles to the southward of Belgrade, and
an artillery duel was in progress today
near Klcsnidy and Hemendria.
To Try to Make Peace
Berlin, Jul; 30.—Grand Duke Ernst of
Hess brother of Princess Elizabeth Teo
dorovna of Russia, was sent by Emperor
William to 8t. Petersburg today in a last
endeavor to arrange peace.
Kmployes (iuard Railroads
Berlin. July 30.—State railroad employes,
armed with carbines and ball cartridges,
were placed on duty t-iday at all the
i allroad bridges and culverts throughout
Germany.
•
bun Francisco. Iul\ 30. To an liisur
hnee company here asking for rates on
foieign shipments. Lloyds of London
cabled in reply today: "No quotations
poesihl#-. War believed inevitable oil
all sides."
Lloyds’ Sun Francisco manager said
he did not understand that quotations
had been suspended but they were s*»
erratic thui it was useless to put them
out. The uncertainty over insurance
rates pas thrown the export business
here into the greatest hesitancy. No
shipper cans to risk the long voyage
to Europe without insurance.
Paris, July 30.—The French govern
ment has Issued a decree limiting with
drawals from the savings banks to 50
francs ($10) for each depositor. With
drawals can he effected only on two
w« eks' notice.
The Rank of France has derided to
place In circulation 30 franc and 5 fram
notes to relieve the difficulties of com
merce arising through the disapeur
unce of gold and silver.
Ottawa. Out.. July 30.—Canada is
making preparations to aid England
vlth regiments should the mother
country become involved In the Euro
pean conflict. An emergency meeting
of the Canadian milith) council was
held here today.
It was learned tonight that the meet
ing was calle.d in consequence of mes
sages from the »>ir office to consider
what steps should he taken to protect
Quebec, Montreal and other cities on
the Ht. Lawrence river, and St. John and
other Bay of Fund.v points from raid
ing cruisers.
The most expeditious way of raising
regiments for service with the British
armies In Europe also was considered.
London. July 80.—The British war office
tonight explained tlie calling out today of
several sections of the special defense
force of Great Britain as follows:
"ft was tn accordance with the ordinary
routine when precautionary measures are
put into force. Only the special reserve
sections of «h*» territorial force are being
employed and no other territorials are
involved In these measures.”
Berne. Switzerland. July 30.—The Swiss
i government has authorized the issuance
I of 30 franc notes on acuount of the inter
| national situation.
St. Johns, N. F., July 30.—The French
warship Friant began loading coni and j
Ifirxl'ng her surplus equipment today in
readiness for immediate departure for
Brest.
Governor Accepts Invitation
Montgomery. July 30.—(Special.!—The
governor has accepted an invitation to
j become one of the Incorporators of the
Alabama Good Roads association, which
I is being organized under the civil and
I fraternal laws of the state. The invi
tation came to him through J. A. Roun
tree of Birmingham, sta^etary of the
Good Roads association. ^
WHEAT SURPRISES
TRADERS AT CLOSE
BY DECLINE WHEN
• - " —
_
Spectacular Rise of 9 Cents
in First Minute's Trade
Shrinks in Thirty
Minutes
ALL TRADERS KEEP
IN TOUCH WITH
WAR SITUATION*
New York Stock Market Registers
Sharp Break in Prices—Bank of
England Increases Discount
Rate—Other Banks in
Europe to Follow Suit
Uhieggo, July no.—Contrary to pre
vious experience, wheat pricaa in the
final dealings here today were being
driven not up, imt down ti> prospects
that the A ustro-Servian war would
spread. After a rise of !* renin a bushel,
values shrunk as much as 3 cents in 30
minutes, largely on account of hold as
sertions that the bulk of the surplus
crop of the United States. Instead of
being rushed to Rurope, might he held
in this country as a result of general
war disrupting ail ocean trade.
Leading exporters here were quoted
by name as declaring that export busi
ness in wheat from the United States
already had been paralysed. To a lesser
degree, the same statement applied to
all dealings in wheat, especially specu
lative transactions. One of the conse
quences was the action today of promi
nent firms on tlu* Hoard of Trade in
giving their pit represent at Iv«s ordet s
to “take a furlough."
Business which three days ago was
counted in millions of bushels dwindled
at times today to almost tie* vanishing
point Hazard of being \vhipsr%weq mu
of a, fortune by the chanc. or - ,.v
mem proved too much for even tho
most seasoned traders and the prin
cipal efforts scented to be directed to
keeping would-be investors out of the
market.
It is pointed out that praetieally all
the ocean carrying tonnage was owned
by foreign capital, was subject to gov
ernment use for army transport, and
that grain laden vessels in the case
of a general way, would by the most
keenly sought prey of hostile fleets.
Would Lose LoreiKn Outlet
iii other words, it was said, the United
States largely would lose its foreign
outlet, and he powerleaa to prevent tha
piling up of wheat at terminal mar
kets, the possible blockading of rail
way tracks or tlie glutting of storage
facilities.
That views so gloomy were not uni
versally accepted by holders of wheat,
was made apparent when prices tonight
went ti to 7 cents liighei than last
Hon tinned on I'nue Mini
CONFIDENT THAT
I u
SEATEDBYSENATE
President Wilson Now Seek
ing Successor to Thomas
I). Jones on Federal
Reserve Board
Washington, July 3u-Satisfied that
Paul M. Warburg of Mew York will ha
confirmed as a member of the federal re
serve hoard following his appearance be
fore the Senate bunking committee. Pres
ident Wilson will proceed immediately to
choose a successor on the board to
Thomas L). Jones, whose nomination was
withdrawn.
Tin* President said today he was seek
ing to find another man for tlie board
from the Chicago district. lie is under
stood to want a republican of large busi
ness experience, since with Mr. Warburg
the board will have the requisite two
bankers, and six democrats.
Edwin A. Potter, a republican of Chi
cago. who Ims iiud both banking and gen
eral business experience, was understood
today to be the most likely to be nomi
nated by the President, although Charles
G. Dawes. George E. Roberts, W. A. Tll
den and W. T. Fenton were being men
tioned. Mr. Potter has the support of
Senator Lewis of Illinois.
Charles R. Crane of Chit ago. who lias
been mentioned for the position, saw the
President today. It is understood Mr.
Crane would not accept membership on
the board if It were ortered him.
Members of the Senate banking com
mittee conferred informally today, dis
cussing the expected appearance of Mr.
Warburg. It Is thought he will come to
Washington next Monduv or Tuesday.
While general opinion in the Senate
seems to be that the committee will re
port favorably on Mr. Warburg's nomi
nation, there promises to be opposition
from the republican side and probably
from the democrats. Senator Bristow of
Hauer* Is leading u tight against ibg
banker.