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—” (Examination resumed another day.) Senator Bristow—“Now, Mr. Warburg, when we closed Saturday some Senator asked you in regard to political contributions, and I understood you to say that you contributed to Mr. Wilson’s campaign.” Mr. Warburg—“No; my letter says that I offered to contribute; but it was too late. I came back to this country only a few days before the campaign closed.” Senator Bristow—“So that you did not make any contribution?” Mr. Warburg—“I did not make any contribution; no.” Senator Bristow—“Did any members of your firm make contributions to Mr. Wilson’s campaign?” Mr. Warburg—“I think that is a matter of record. Mr. Schiff contributed. I would not otherwise discuss the contributions of my partners, if it was not a matter of record. I think Mr. Schiff was the only one who contributed in our firm.” Senator Bristow—“And you stated that your brother had contributed to Mr. Taft’s campaign, as I understand it?” Mr. Warburg—“I did. But again, I do not want to go into a discussion of my partners’ affairs, and I shall stick to that pretty strictly, or we will never get through.” Senator Bristow—“I understood you also to say that no members of your firm contributed to Mr. Roosevelt’s campaign.” Mr. Warburg—“I did not say that.” Senator Bristow—“Oh! Did any members of the firm do that?” Mr. Warburg—“My answer would please you probably; but I shall not answer that, but will repeat that I will not discuss my partners’ affairs.”