The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1903-12-30
Mr. Morgan had taken some of the
Shipbuildlng bonds, and that greatly
.Scited them-that is, it encouraged

Mr. Morgan had taken some Of the
Shipbuildlng bonds, and that greatly
,.xcited them-that is, it encouraged
them.
Q. it assisted you in getting under
writings: y. We'll, they knew the
MorganS.
Q. What promise was made to the
French press in regard to the under
writings? A. l don't know
@. Do you know for what the
French press was to get 5000 OF
these bounds: y. l did hear that
there had been a remittance made for
press purposes, but for what purpose
| do not know.
Q. Did you ever learn that the
securities OF the United States Ship
building Company were quoted in New
York at a premium: y. decline to
answer on the ground that it was
privileged.
9. How was it privileged: \. |
learned it in privileged way.
9. Is it not a fact that such news
was sent to and published in the Paris
edition of New York paper: y. l
decline to answer.
9. Do you remember Baron Rogniat
coming toyou and saying be had been
to see HarjeS with d man who spoke
English. and that HarjeS told him
there were no actual quotations in
New York for the Shipbuilding buSi-
ness? a. Yes, that was about July IS.
Q. And about July 80 they began
to talk well-about it? a. l think it
was said that those who went there
were treated in a pleasant manner.
G. Mr.. Harjes showed you a cable
be received from New York about
July 30? a. lie sent me a cable.
The cablegram sent by Morgan 4
Company on July IS. beSpeakiog cor,
dial terms for the Shipbuilding busi.
ness was shown TO the witness who
said it was the cable young HarjcS
had shown him.
@. Didn't Harjes tell you he had
been prejudiced against the whole
affair by Young, knowing Iouug as be
did. he thought the whole business
bad. and didn't you in reply say you
had not introduced Young. that be
was a mere promoter such as Mc~Mor,
gan constantly used in-New York.
and that Rogniat .Lo3u~ you he would
pay the entire~call? A. He did say
be would pay the entire call. | don't
recalllrrat l said Mr. Young was such
i promoter as you name.
These questions by Mr.. Untermyer
proved to be based on suppressed let
ters and cablegrams between New
York and Paris. Mr.. Guthrie OBJ
iected to this method of getting these
matters before the public.
@. Did you say to Mr.. Harjes that
YOU knew Young had made an ass OF
himself-you didn't say that in the
presence Of Mr.. Young: did you? a. |
don't remember.
@. Didn't you say to Baron Oppen,
helm that you could get even a worse
report of the Shipbuiidiag Company
than Seligman had given If they
would ask the Huntington Shipyards
and other people angry at being left
out what they thought about it? a.
may have said that, but do not re.
member to whom. l may have saio
it to Oppenheim.
oyERTUREs TO ITALIANS.
@. Did you know Alexander Odero:
A. Yes he represented a group OF
Italian underwriters.
@. Did Odero ask you to explain
the "Republicus;' telegram, saying
the whole matter was a success, ano
did you tell him what success meant
according to the New York theory:
a. l don't remember.
/ Q. DO you recall an interview witt
Snreyer, Sr.. in which you told hin
that uhe entire million dollars OF his
sons underwriting ought to be paid
and you said that last week you had
people who would have taken up bis
underwriting, but you had allowed
him to remain because of his high
character and positive statements:
At that time did you have persoo o.
persons ready to take a million OF un'
derwriting? A. The Information /
have on that subject is privileged.
had reasonable reason for believing
that it would be possible to get the
underwriting done. had no definite
offer, however.
G. Did your Investigation lead you
to believe that the Baron Rogniat
was able to respond with 81, 500, 900:
A. Rogniat convinced me that he
had sS00,000.
Q. Was be able tt, pay the entire
underwriting? a. think be coulc
have paid it.
I @. Shreyer. Jr., took million OF
the underwriting. Did he have
million? a. No, I taink not.