New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-28
SITSCROMWELLDODGES
,opc4N LE4RNS LITTLE.
,..;,. Of Conficts in Senate Canal
Committee Hearing.

ton" ,o,cerning HIS relations with the
rsisru's',I,, .,,si Company asking many skilful
PaHaiAS t,cb were as sAilfully parted. Mr..
question:, a5a a distinction between his ac-
CTohl"'- "a. transfer Of the canal property TO
ions - coates and before the transfer and
he I'M, .si,iye,y 10 answer any questions con-
6eoliHe0 -. earlier period. At the close of the
osrins ,rorqan had shown scheme for the
Day .,-o,fon OF the Panama Canal Com
AIne''.- s,.r ,ronised to furnish the subject for
: ,r-srssting examination.
a. ~. Morgan took charge Of the examina-
tbe first and demanded to know of Mr.
noH . III ,rbat payInents had been made 10 him
N'O =. new Panama Canal Company. MT.
n asserted that the Information de-
"a v-as Of a confidential character and IN
- .se relations Of counsel and client SEN
,,oroan insisted and finally Mr. Cromwell
&c, while he did not think II any business
- senator's making the inquiry, he would
,bs+ the total payments made 10 him would
=, exceed 100000.
q. ss not think the country could be inter
a 4, his private relations as counsel TO the
- Panama Canal company. The question con-
,rg funds he had received from the French
.-.I company being repeated. ne declined TO
- on the ground that he would not divulge
,-,fsssonal secrets.
-ss-aupon Mr.. Morgan called for the revised
-.-r,es and read the provision in relation TO
.-,.e,.ion OF witnesses called before Congress
.,,,,,aes. He asked the witness II he per-
.,+.s IN his refusal Mr. Cromwell replied:
q. &c beyond the purviev Of the committee TO
Ii. This inquiry. and decline TO answer"
NJ Morgan said be reserved the right 10 de-
..-r,e the nateraliry Of the question, and pro-
..sss5 with the examination.
Beading questions which had been submitted
50 him 10 be propounded. Mr.. Morgan called on
As witness 10 state what had been the gross
Suns received from the old or new Panama
Canal company since the payment to j. p. Nor
ran & Co. New-Yorll bankers. Of the money In
,olved in the transfer Of the property 10 the
United States from syndicates, from the United
safes the Republic Of Panama or from any
source whatsoever
BILL NOT YET RENDERED.
Mr. Cromwell said he mad not received a dollar
sthe s0OOOO0O paid 20 the new Panama Canal
company. but would render his final bill in due
rourse and added: 1T VIII be substantial and
viii be paid" He said he had not received from
The Republic Of Panama a single cent, and had
received no benefit directly or indirectly from
he sale Of the property; that he had not been
Interested IN the securities Of either the old OF
The new company, and that his whole relation 10
ne new canal company was that Of counsel. and
that his sole compensation had been as such.
He stated that the answer was meant TO include
the relations Of Roger /. Farnum, clerk in his
flee
Mr. Morgan asked the witness why he object
| Cd 10 making SINH ar statement Of his rela-
lions 70 the canal company before the transfer
q the property. The witness said he did not
l think il pertinent
When asked the manner in which the 100000
had been paid Mr.. Cromwell said the payments
were small matter OF $4,000 or $4,000 a
year." and that the payments extended over
several years Asked what services he had rem
6ee5 10 earn the 100000. Nj. Cromwell said
i that professional secrets were involved in the
Inquiry and he should be compelled 10 decline
Drepy
Mere the payments for professional services
l only" asked Mr. Morgan
For professional services, office expenses and
Matters connected with their business. 1 re
lenoer employed am engineer
What Was his name interrupted the SEN
1 Su
+ l. CorIhell"
-. - en- nave oeen expecting he would
90. - mere SOM" neie' SAID Mr. Morgan.
he is very excellent engineer" began the
vines but be MAS stopped by Mr. Morgan.
i '-'O Sharply We are not asking you for
any euogies on this man"
INVESTMENT OF PANAMA's FUNDS,
,t eo.1iulLs his inquiry. Mr. Morgan asked the
les les what money he had belonging TO The
' ,'1.1 Of Panama. Mr.. Cromwell made de-
--.a Statement concerning his appointment as
commissioner for Panama. and the invest
, ,,-, N Ne"-fork securities about SG.oooooo
,rs W, w. =, s'' ASIDE .> The republic as trust
@r -lt. Morgan seeming To- question the wis
nc-r. me Investment Senator Knox asked MI
e,,.' So. u IT We're bon true that the United
lie ,e1r,7,- .. o'eH interest IN the future o.
money m -. ,-. ''''-'l ''e investment Of this
aNsu-ya,. '' savings banks under the law:
II