The Detroit times., 1912-12-18

4 II - ~ II II vi \ M -
National City. Guaranty and Bankers
Trust companies, together. have:
one hundred and eighteen directors
In "a banks and trnst companies, with
resources OF S2,679.0 100000, and de-
posits OF 1888. O00.0 900.
Thirty directors In 10 insurance
companies, with assets OF s2.293,-
900 900.
One hundred and Ave directors in
80 transportation lines, capitalized at
$ll,7S4. 100000. with mileage or $780,
200 miles
Sixty-three directors I'm "a indus
trial corporations, having total cap
italization OF S3,339, 900 600.
Twenty-six directors In ~ public
utility corporations. capitalized at ST.
90 ,O00,0
Total financial control OF these FIVE
great companies was stated TO be 341
directors In 122 corporations. with ag-
gregate resources OF $22 .245. 900, 900.
Details of the concentration OF
money interest OF all OF the other IL
giants" were also shown.
Attorney Untermyer intimated. after
a consultation with Chairman Pujo,
that he might call ], Pierpont Morgan
late today.
IL as understood that the money
trust investigators are slightly ember-
raised by the New York filnncie IS
presence In Washington. TIE com
mittee- telegraphed Morgan alter he
had left Now York, telling him 70 post
pone his departure until called.
Prominent among the spectators al
the hearing were Mrs. Herbert s. Sat
terlee, Mrs. H. +. Davidson AID Mrs.
George Il. Case. wives OF MorgaI's
banking partners.
Charles NJ Riddell, sergeant-at-
arms OF the house of representatives
TIE first witness called, detailed his
unsuccessful efforts TO serve William
Rockefeller with subpoena to appear
before the committee. He hunted him
up. he said, at his Tarrytown ard New
York homes, and was finally told at
Rockefeller's New York once. that
arrangements had been made" for
Rockefeller's appearance before the
committee. Riddell said he was still
endeavoring 10 get service upon
Rockefeller, without avail. Inter
myer then had read into the record
a copy of letter and telegram he had
sent to Rockefeller's home aud office.
notifying him OF the effort 20 serve
him.
Chairman Pujo followed this by
reading statement from j. X Jones,
an attorney OF Washington. on behalf
Of Rockefeller that he was unable TO
testify because OF the condition OF his
health. Later, he said, he received a
certificate from DR.. William NJ. Chap
pelle. dated Dec. 6, declaring that
Rockefeller's health was such that il
would be grave danger u him 70
submit to an examination either at
his home or in the committee looms.
Believing that he had been nisin-
formed, Pujo said that he had ar
ranged for Rockefeller's testimony 70
be taken by deposition, feeling thar
his testimony was pertinent 70 the
investigation. This, he said, also fail
ed because M. F. Elliott, of New York.
with whom he was negotiating, In
formed him at the last moment that
he was acting as q friend, and not an
attorney of Rockefeller. Since then,
Pujo concluded, Sergeant-at-Arms Rid
dell had been making unavailing eff
forts TO secure service on Rockefeller.
Lawrence Scudder. chief statisti-
ian for the committee, introduced
statistics showing the assets and
business OF the largest life insurance
companies, as foundation for the
rinterlocking directorate" figures.
He showed that at the present rate
" increase In their business, in 1881
the New York Life Insurance COM
pany would have assets OF $1,50l,-
900, 900, the Mutual Life $685.
100000; the Equitable Life $751;
600, 900, and the Metropolitan $685.
O00, 900. or a. total for the four COM
panies OF $4,43S, 600. 900.
Scudder also presented figures
showing sales OF Amalgamated Cop
per stock. He said 22S.940 shares
were sold in a single day on one
occasion.
The witness also told Of large bal
ances credited TO the life insurance
In the large banks Of New
York.
Deputy Sergeant-at-Arms Newman,
Of the house, testified that he was
three days searching for William
last October. He said
he searched Rockefeller's Fifth-ave.
and also his Tarrytown
home.
"Dis you search all Of the rooms?"
he was asked
"All at Fifth-ave., but not at Tar
rytown."
Scudder had not concluded ex-
PLANTATION Of the statistics when the
recessed for luncheon.
Morgan was scheduled to testify
late this afternoon. Untermeyer
said he expected to put the financier
On the stand by o'clock, but pos
sibly not until tomorrow.