The Washington times., 1907-11-23
MONEY KINGS
VISIT HEADS
OF TREASURY
Financial Situation Is
Thoroughly Gone Over
by Morgan and Baker.
Conferences Also Held
at Other Depart
mentS.

Following extended conferences with
the President and Secretary COrtelyou
last night, ]. Pierpont Morgan ana
George F. Baker, president OF the First
National Bank OF New York. who came
10 Washington to discuss the financial
situation, this morning saw several
other officials close to the Adminittra-
ton, and informally discussed the mat
ter Of currency legislation.
Mr.. Morgan declined to tell CT his
plans for the day, but II was ammo Inced
by one of his friends that he and Mr..
Baker would remain in Washington un-
I'll late in the afternoon.
Talk With officials
During the morning Mr.. Baker con-
ferred with Senator Elkins Of West Vir-
GINA and Comptroller Of the Currency
Ridgely Mr.. Morgan remained in con-
ference for a few moments with Post
master General Meyer and just before
noon was whirled away from the Airing
ton Hotel in a big touring car. declining
10 state whom he intended to see next.
There is nothing 1 can add to my
statement OF last night" said Mr.. Nor
gan. As TO my plans for the day and
Vhen I shall return to New York, !
lave no definite plans. Can't I 90 and
eopIe without having to put the public
- notice?" he added, rather testify
After his conference with the Presi-
oeut last night, Mr.. Morgan said: Il
rust called upon the President to pay
my respects. 1 really came 70 Wash
ington to see Mir. Cortalyou and con-
tlnue with him the discussion for meas
ures Of financial relief which were Ut
in New York last week
4 saw mir. CortelyOu before cnteTinl
the White House and am satisfied thai
things are progressing nicely. The sit
u1tlOn is clearing up and the crisis IS
passed L cannot go into details, Dul
everything has been done and is being
done that can be"
Mr.. Morgan declined TO say anything
further on the financial situation OF
upon the subject Of proposed currency
legislation. II Is believed that one o
the subjects discussed at The White
House conference last night was tina
OF a Federal Bank
President Baker of the First Nat'ona
Bank OF New \ OTk, said to-day: "Iaer
is nothing l can say upon the suOJec
now. We have not decided exactly Whel
ne shall return TO New York.
Elkins Visits Baker.
Senator EIlzins remained in CONVEX
sation with President Baker for hal
an hour At its conclusion ne said:
1--WE discussed matters very infor
mally, I called principally to see Nj
Baker for personal reasons. and to com
pliment the great work done by hiInsel
and Mr.. Morgan during the recent dnan
cial difficulties. They are both con
WINGED that the worst is passed.
''Of course, tEey have their idea
as 20 needed currency legislation, an
there is no doubt that a great man
ideDs will be advanced soon after Con
cress convencs. Out OF all these W
should get some that are feasible, an
] believe that good will eventually re
suit. Just in what form this CuT-enC
legislation will be enacted cannot b
told at this time.
My talk with Mr.. Baker should nc
be taken as a formal conference, as "
hive been friends for about thirty-fiv
years"
Postmaster General Meyer after hi
conference with Mr.. Morgan said tina
he had mainly called 10 pay his respect
and 70 compliment the hnancier upO
the magnificent aid le had rendere
during the money stTipgency.
After the short conference with tn
Postmaster General q { the Arlington
Mr.. Morgan was driven away in
closed automobile, while Mr.. Bake
walked TO the Treasury building, "a
ing directly to tie Cfice OF COmptroHe
RCgaly.