Daily Kennebec journal., 1906-02-28

Senator Morgan put into the record
a letter written by Mr.. Cromwell to
Mr.. Wallace arranging for the inter-
view which took place ut the Hotel
Manhattan in New York when Mr..
Wallace informed Sec. Taft Of his de-
sire to resign his position as chief en-
gineer.
Senator Morgan asked Mr.. Cromwell
what payments had been made to nm
from the nc.V Panama Canal Co. Mr..
Cromwell said that while he did not
think it any business OF the senator
making the inquiry. he would stat"
that the total payments made to him
would not exceed 5000, GOO. That was all
he had received out of the $40 ,0oo
paid by this government, he had re-
ceived nothing, but he added that he
had not rendered his account for ser
vices.
Mr.. Cromwell said he did not think
the country could be interested III his
private relations as counsel to the new
Panama Canal Co.
II think it is" said Mr.. Morgan.
Mr.. Cromwell declined emphatically
to state the amount of money he had
received from the French Canal Co on
the grounds that he would not divulge
professional secrets.
Mr.. Morgan called upon the witness
to state what had been the gross sums
received from the old or new Panama
Canal Co. since the payment {" j. +.
Moryan & Co. New York, bankers. of
the money involved in the transfer OF
the property to the United States. from
states, from syndicates. from the Unit
ed States. the Republic of Panama or
from any source whatsoever.
II thank you fer that question" said
Mr.. Cromwell. 1T involves 4 period
Stree the transfer Of the property to
the United States"
II would be obliged to you if you
would fOrbear from Complim"nting me
i'm public" said Mr.. Morgan.
Mr.. Cromwell said he had not re-
Ceived one dollar of the $40. 900 paid
to the new Panama Canal Co, but
would render his final bill in due course
and that ''it will be substantial and
will be paid"
He said he had not received from the
Republic of Panama i single cent and
had received no benefit directly or in
directly from the sale Of the property.
Questioned concerning the manner in
which the 100000 had been paid. Mr..
Cromwell said the payments We're 4
small matter Of $4,000 or $1,000
year
ASKED what services he had render
ed to earn the S20O, 900. Mr.. Cromwell
said that professional secrets We're in
volved in the inquiry and that he
should be compelled to decline to reply.
II called upon the company for mon
ey as l needed it," the witness said.
MY clients are satisfied"
Were the payments for professional
services only" asked Mr.. Morgan.
For professional service. office ex-
penses and matters connected with the
business l remember | employed an
engineer
"Nhat was his nance" asked the
senator.
"E L. Corthel"
"Corthell. ch? have been expecting
ne would break in here somewhere"
said Mr.. Morgan.
He is very excellent engineer" be-
gan the witness but he was stopped by
Morgan who said sharply: We are
not asking you for any eulogIes ON this
man.
Mr.. Morgan asked the witness what
money he had in his control which be-
longs to the Republic of Panama Mr.
cromwell made a detail statement
concerning his appointments as fiscal
commissioners for Panama and the in
vestment In New York securities OF
about $4,000. 900 which was set aside by
the Republic as trust fund Nj,
Morgan seeming to question the wis
dom of the investment, Senator Knox
asked Mr.. Cromwell If it were not true
that the United states. feeling a deep
interest in the future of the Republic
having advised the investment of this
money in securities equal to those an
thorized for Investments of savings
banks under the laws of New York.
THAT is absolutely true" said Mr..
Cromwell. at was you and the PresS-
dent of the United States who advised
me to take this investment
Il did not intend TO bring out this
fact" said Mr.. Knox.
Are you under bonds as fiscal COM
missioner" asked Mr.. Morgan
THE Panama republic does not feel
1t necessary to put me under bonds.
hope you do not" replied Mr. Crom-
we'll.
II don't" said the senator. 81 don't
think it would do any good if did
He was asked to describe the rela-
tions between this government and ].
p. Morgan & Co. by which the s40.-
100000 We're deposited in the latter
banking house and in doing so referred
to the former a torney general (Sena-
tor Knox sending Mr.. Day and Mr..
Russell of the department of justice tn
Paris. Mr.. Knox interrupted, saying: