examination relates to a member of the firm of Kuhn, Loeb & Company receiving an important appointment which gave him large power over the finances of the United States.
The point of not discussing the affairs of Kuhn, Loeb & Company was frequently made by Mr. Warburg.
“I cannot discuss the affairs of the firm nor my partners, nor be asked to criticize acts of my partners, either to approve them or in any other way. I would like to say that before we come to the point where I would feel that I should not answer any question,” said Mr. Warburg.
The principle of this objection was conceded by the Senate Committee, but that it ought to serve as a blanket injunction against a number of pertinent inquiries was doubted.
Senator Bristow—“But you are a partner in this firm,