The Butler weekly times. (Butler, Mo.) 1881-1918, 1912-06-20
$25, 100000 GIVEN TO BANKS
BY U. S., NOT BY
MORGAN, IN 1907.

Money Trust Investigators Hear Cor
telyou Advanced s42, 900, 900 in Panic
New York, June 13.-Evidence in
tended to show the $25, 900, 600 which
j. P. Morgan has been generally
credited with placing on the New
York Stock Exchange in the panic Of
1907 was really supplied by the
Treasury of the United States was
introduced to-day at the hearing be.
fore the Pujo committee of the House
of Representatives that is investigat-
ing the so-called money trust"
Samuel Untermyer, counsel of the
committee, obtained from George B.
Cortelyou, secretary of the treasury,
under the Roosevelt administration,
the admission he understood the
money loaned by the government to
the banks at that time was to be used
on the Stock Exchange.
From the New York Subtreasury
the attorney obtained a statement
showing that on the day, October "a,
on which Mr.. Morgan told R. H.
Thomas, president of the exchange,
to announce the loan of $25, 900, 900
to exchange brokers, the government
had deposited with the banks nearly
1929, 100000.
From Charles Steele, a partner of
j. P. Morgan, he obtained a state
ment showing fourteen banks had
agreed to loan" to the Stock Ex-
change on that day.
The total amount "agreed to" was
500, 900, but the amount actually
loaned, according to the statement
was Sl8,945,0OO. All these banks
the sub-treasury statement, showed |
had previously received deposits of
government money.
The statement from the sub-treas-
ury was obtained after Mr.. Untermy-
er had failed to procure from Mr..
Cortelyou the names of the banks in
which he deposited funds, which the
witness testified amounted to about
SAP, C0O,0 900 during the panic.
Roosevelt Victim of the Moon
Fly.
Washington, June 17.-James Ed
wards, for 80 years Democratic door
keeper at the United States Senate,
said to-day that Col. Roosevelt is
suffering from the effects of the bite
of an African moon fly.
The African moon fly, Edwards de-
clares, either kills or drives mad the
person it bites. The Colonel twas
warned against it when he went to
Africa, but defied it. Edwards thinks
that the third-termer was bitten but
didn't know it. Now, he says, at
every change of the moon the Colo
mel goes mad. Edwards has kept tab
on the Colonel, and every change of
the moon he does some unusual
stunt.
The moon changed yesterday, just
about the time Roosevelt started for
Chicago.
"It's moon fly time with Mr..
said Edwards.
Peace CD With 500 Policemen.
Chicago, June 17.-Five hundred
policemen, including 100 plainclothes
detectives, will be on hand tomorrow
to preserve peace at the
opening Of the Republican National
Convention in the Coliseum.
The detail originally had numbered
$50, but tonight Chief John McWee-
ley doubled it. During the night
fifty policemen will patrol the build
NC and its immediate vicinity. Chief
IcWeeney's orders to Assistant Chief
and Capt. O'Brien are that
hey shall take their instruction only
rom the sergeant-at-arms of the con-
'ention.
Mayor Harrison has personally as
ured the convention officers that the
ntire police resources of the admin
stration lie back of his pledge to pre-
erve peace in and about the conven-
ion hail.
Here's What They Say on /:
Eve of Convention.
Taft managers:
There is not the slightest doubt that