The Birmingham age-herald., 1906-02-28
MORGAN IS STILL
 AZ TER CROMWELL
1centInued from First Paee)

lcentinued from First Paee)  S1500o year. I called on the company for money as I needed 1t. My clients are satisfied"
 were the payments for professional services only?' asked MT Morgan
 For professional services, office ex- penses and matters connected with their l business. l remember l employed an engineer"
 What was his name?" interrupted the Senator
 "E. A. Corthell"
 "Corthel eh? I have been expecting he would break in here somewhere said Mr Morgan.
 He is d very excellent engineer be- gan the witness, but he was stopped py Mr. Morgan, who said sharply
 We are not asking you for eulogies on this man.
 Continuing his inquiry MT. Morgan ask ed the witness what money he had in his control which belongs to the Republic of Panama MT. Cromwell yesterday de- tailed a statement concerning his appoint ment as fiscal commissioner for Panama, and the investment in New York securl- ties of about $60O0,0O0 which was set aside by the republic as trust fund.
 Senator Knox Asks Question.
 
 wisdom of the investment Senator Knox asked Mr. Cromwell If 1t was not true that the United States, feeling a deep interest in the future of the republic had advised the investment of this money in securities equal to those authorized for in vestments of savings banks under the laws of New York.
 That Is absolutely true" said MT. l Cromw we'll 'It was you and the people of the United States who advised me to make this investment"
 T did not intend to bring out this fact, said MT. Knox.
 Are you under bond as fiscal com missioner" asked Mr.. Morgan
 "The Panama republic does not feel 1t necessary to put me under bond. I hope you do not" replied MT. Cromwell.
 "I don't" said the Senator. T don't think it would do any good if I did"
 Declines Any Compensation.
 The witness then said he had declined compensation from the republic of Pan- anna. but that his firm had received about s26000 through the investigation of titles to property in which the republic had invested These payments he said, were made by the owners of the property. He was asked to describe the relations between this government and J. P. Mor- gan & Co.,. by which the S4O,OOO,OOO paid for the French interests on the sthmus was deposited in the latter's banking house. and in doing so referred to the for mer attorney general Senator Knox) in sending MT. Day and MT. Russell of the department of justice to Paris. MT. Knox interrupted saying
 "I object to the witness answering that question:
 He looked directly at Mr. Morgan and continued:
 q take the responsibility for that ae ton. I will answer the question if you care to put me on the stand"
 I'll put you on the stand If you de- sire it." interrupted MT. Morgan.
 "I don't" said MT. Knox. but as I am responsible for the matter I don't care to have another witness interrogated concerning it."
 Mir. Morgan explained that his inten- ton had been to bring out a statement from the witness as to the necessity of sending the money to Paris instead of paying for the property by government warrant
 MT. Knox said he had no objection to the examination of the witness on that subject The inquiry along these lines continued until recess.
 Afternoon Session.
 At the afternoon session of the commit tee MT Cromwell testified concerning the distribution of S4000O,O00 paid by the Unit ed States to the French company and of the claims of Colombia for payments on stock held by that government to the value of 5000,000 francs. MT. Cromwell said that the French government under it's taxing system. had impounded that stock. Mir. Morgan insisted upon full and complete answers to all questions re- lating to these suits. but MT. Cromwell's $ reply was that he was only counsel for the French company in the United States and not in France. Several times he said he could not answer the questions as he had no knowledge of the subject. Senator Kittredge came to his rescue by asking Senator Morgan how the inquiry was ma terial and whether he claimed the United States had bought the stock of the Pan anna Canal company MT. Morgan ignored his colleague.
 Cromwell Explains Under Protest. Under protest MT. Cromwell explained at length the procedure under which the directors of the Panama railroad were qualified to serve after the sale of the property to the United States. He said that an arrangement was entered into with each of the thirteen directors by which one share each was made over by the United States upon small pay ments to legalize the transactions but that these shares were held by the Treas urer of the United States and the govern ment has the right to demand their sur render in name as well as in fact at any time. MT. Morgan asked a score or more questions concerning the appoint ment of Roger l.. Farnham director of the road, but MT. Cromwell insisted that the appointment had been made by the Secretary of War and that he had not suggested 1t to the Secretary.
 During this inquiry, Mir. Morgan said oh! Comel You must not dodge" Senator. you must change your terms to me" said MT. Cromwell. q have not lodged anything"
 You have: you have done little else said MT Morgan.
 MT. Morgan again took up the subject of MT Cromwelrs services to the new Panama Canal company and what he had done to earn the S2oO, 900 he said he had re-