The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1912-09-20
MORSE TO HAVE
REVENGE SOON
ON J.P. MORGAN
Convict Banker Will Bare Plat to
Ruin Him in
Panic
CALLED In HOUSE INQUIRY
Expected to Take Witness Stand
and Attack Powerful
Financiers
CALLED In HOUSE INQUIRY

NCW lUlk, sept. Iot~-N hal irn - ?
Morse will 20 before the House
Committee on Banking and Curren-
cy which is investigating the money
trust when its hearings are re-
sumed here in the middle of Novem-
ber and tell for the first time the
full story of what lie is convinced
was a carefully laid plot by pow
erful group of financiers TO ruin
him He is expected to take re-
venge on J. Pierpont Morgan.
Deputy Sergeant at Arms White,
Of the House Of Representatives, is
supposed to have served Morse and
Morgan today with subpoepas to ap-
pear before the committee. The
House officer is known to have come
to New York with subpoenas for
Morgan and Morse. William Roeke-
feller, Pames Stilman, Thomas II.
Ryan, George +. Baker, president OF
the First National Bank; Otto T..
Barnard, president oil the New York
Trust Company; William A. Nash
and Walter r. Fraw, respectively
chairman of the board and president
Of the Corn Exchange Bank.
Expect Sensation From Morse.
Morse is expected to relate a more
sensational story regarding the oper-
ations of the alleged money trust
than has yet been tod by witnesses
already examined as to the cause of
the failure OF the Oriental and
Morse banks ia spite of the abso-
lutte solvency cf all of those insti
tsutions Morse has suffered term
in the penitentiary on an indictment
charging him with criminally mis-
managing his banks.
While undergoing in the federal
prison at Atlanta term of fifteer
years he stubbornly maintained that
silence which characterized his sky
rocket career as a high financier"
But since his restoration to freedom
and to health it is stated by several
of his friends that he Is anxious tc
be placed on the witness stand be-
fore the Congressional probers to tell
the story under oath and in detail
Took Charge During Panic.
William A. Nash and Walter A
Frew who are to be summoned, are
subject to the jurisdiction of the
committee by reason of their ser
vice on the clearing house commit
tee. Mr.. Nash was member of
that all-powerful organization 1907
when the committee took charge OF
the financial situation during the
panic and has been charged by wit
nesses heretofore examined in the
money trust investigation with par
ticipating in conferences that pre-
ceeded the closing of the Old Oriental
National Bank, which so quickly
was followed by the collapse of what
were known as the Morse banks
the National of North America, the
New Amsterdam and the Mechanics
and Traders. Mr.. Frew is now a
member of the clearing house COM
mittee.
Rockefeller Well Enough Now.
William Rockefeller could not be
served with a subpoena when the
committee was holding its session
last spring. At that time it was
charged that he had suddenly gone
to Canada to evade service His
health then was not good 1t is re-
ported that he has sufficiently re-
covered TO be able to stand the or
deal Of an examination by Samuel
Unteymyer, chief counsel of the
Congressional committee. J. P. Nor.
gan went to Europe before he could
be served with subpoena and re-
turned only few weeks ago.
Major Il. f. Farrar, leader of the
New Orleans bar and recently presi-
dent of the American Bar Associa-
tion, is associated with Mr.. Inter
myer as counsel. Major Farrar has
been in New York for the last two
weeks collaborating with Mr.. Inter
myer in the work of preparation for
the resumption of the investigation.