New-York tribune., 1896-06-20

tary to make a public advertisement in February
1885, anl Mr.. Morgan replied:
Because knew that the public would understand
that the attempt to get gold from abroad had peen
abandoned My purpose was to aid the Government
and prevent a disaster"
Q. GBy Senator NesO-Why. then. ask for exclu.
sve control? Why not allow others 10 help prevent
the disaster? A.-They couldn't do ii. .
q. G5y Senator PiatU-Could not the Government
have made better terms with anybody A..No. IL
was difficult enough to obtain the gold as IT was.
Q.--Ilas your house shipped gold abroad in recent
years? A-No. not in three years
CONSULTED BEFORE THE LAST ISSUE.
At his own suggestion Mr. Morgan allowed 70
say something about the last bond issue. He said
he had talked with Secretary Carlisle before the
issue made. and had advised one of S2oo,0OOVOO
He also had formed a syndicate bid for the bonds.
on this occasion he had not sought the aid OF Mr..
Belmont. who was not In the city at the time In
reply to some questions by Senator Jones, Mr..
Morgan explained why gold bars in the Treasury
vaults could be used as coin in paying for gold
certificates. and ~ smiled when he assured the Sen
ator that H. had heard Of an attempt TO corner
the gold market. He was then excused, and he left
the room Immediately.
STEWART KEEPS Sl NDICATE SECRETS.
John \. Stewart wh,n he took the chair vacated
by Mr. Morgan. proceeded TO tell the committee
whl, he had done to aid the Government in the
bond issues of 1891 but the Senators did not appear
to be Interested much IN tho recital Of weknown
facts. and the attention Of Mr. Stewart directed
to the bond issue winch tho Bcmont-Morgan syn
dicate controlled Mr. Stewart said cautiously that
he had nothing to DO with that bond issue, except
that the United Stats Trust Company, Of which
he is the president. took part I'm the bond issue.
a. lBy Senator Vest)-What was the extent OF tAat
participat..n? Al prefer rnat Mr.. Morgan should
answer that. ~
l-As Alr Morgan has refused ask you to te
from your recollection. How large an allotment or
tn, bonis d.d your company receive? Al think-t
"a What price? Al think must-declinc-to
-answer Mr.. Morgan would be the proper one 70
0Mr Mors,p has declined ,Es to state and ae2 ask
pause)-I decline to answer
Mr. Stewart was excuse1 then. and the committee
took recess un;il p. m, WREN Conrad y Jordan'
the Assistant Treasurer Of the United States In this
city was caied 10 testify about the refusal 10 let
William Graves have the bonds for which he had
bid At the beginning OF this year. The witness made
= nlain statement 10 show that Mr.. Graves ala not
have the gold TO pay for the bonds or for any part
OF them and for that reason there Was forfeiture
of the bid Mr Jordan also gave to the committee
some Information about the methods Of transacting
business a, the Sub-Treasury As he was about to
60 after being eXcIs-l he invited the committee
TO visit the sub-Trcasury and one of the silver
Senators replied;
.Tf We should - down there there might be n
committee 70 Investigate rs" U.aughterD
Henri Chaplin. jr. cashier of the Third National
Rank. James r woodward. president ~ the nan
over National Bank. II. W Whippe. an employe oi
,h. Ncr- York Security Trust Company and James
irvine prcsllert u the New-York Equipment Com
,,rv v.-. called to tcsfify At IN" request OF Will
lam Graves but they MI conradcted the statements
,,h,,h Mr. Graves had made ~ explained some ms,
M th ~",ri,.T - b,.,is uuiLstly. one witness sal
Nr Grivcs had failed 10 get god u pay iot Ns
N'nl. because he had flhcf 70 get purSnhhS'r ,ni
~ h,nds I'm advance Mr. Graves wanted me COM
nlttec get ;ne testimony oI W. ''S'r s,il
wno hal f,ed 70 appcAr ana ne ',,,e,T.i -
WnIl! hear the Nltli'F.