The Chairman—“I will say that I do not know what Mr. Warburg’s politics are.”
Senator Pomerene—“Well, I did not.”
Senator Shafroth—“I do not know and I do not care to know.”
Senator Pomerene—“I heard the statement made that the entire board was Democratic, and I had understood that Mr. Warburg was a Republican, or had been, in his affiliations.”
Mr. Warburg—“Well, so I was; and my sympathies were entirely, in the early campaign, for Mr. Taft against Mr. Roosevelt in the first fight. When later on Mr. Roosevelt became President Wilson’s opponent my sympathies went with Mr. Wilson....”
Senator Reed—“Well, you would count yourself a Republican, generally speaking?”
Mr. Warburg—“I would.”
Senator Bristow—“It has been variously reported in the newspapers that you and your partners directly and indirectly contributed very largely to Mr. Wilson’s campaign funds.”
Mr. Warburg—“Well, my partners—there is a very peculiar condition—no; I do not think any one of them contributed largely at all; there may have been moderate contributions. My brother, for instance, contributed to Mr. Taft’s campaign.”
Senator Bristow—“Just what would you consider a moderate contribution to a presidential campaign?”
Mr. Warburg—“Well, that depends who the man is who contributes; but I think anything below $10,000 or $5,000 would not be an extravagant contribution, so far as that should be—”