Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-06-14
STATEMENTS IN EVIDENCE
SHOWED Rug DEPOSITS WERE
MADE N BANKS ON THE
SAME DAY.
ADJOURN TO WASHINGTON
Further Hearings On Money Trust
Probe VIII BE Held In the
Capit1.

NEW YORK. June Evidences
intended to show that the $4,000, 900
which j. =, Morgan has been generally
credited with placing upon the New
York stock Exchange during the panic
of 1907 was really supplied by tho
treasury OF the United States. was in
lroduced today mt the hearing Of tho
Pu1o committee Of the house of rep
resentatiyes investigating the so-called
money trust
Counsel objected from statements of
George Il. COrtelyou, that "he under
stood, that the money loaned by
the movement of the banks at that
time was to be used on the stock ex-
change
From the New York sub-treasury
the attorney secured Il statemeiN show
ing mat on the day October 24). on
winch Mr.. Morgan told X. II. Thomas.
president of the exchange to announce
me S25,OOO,OO0 loan to the exchange
l"dh brokers', the government had de-
posted with the banks nearly S29.-
100000. From Charles Steele, a part
her Of j. T. Morgan he obtained Il
statement showing what fourteen
banks had agreed to loan" To the
stock exchange on that day.
me total amount aggregated" was
S23,5jOO00 but tho amount actually
loaned according to the statement was
$1S,046,0 600
All these banks the sub-treasury
statement showed, had previously re-
celVed deposits Of government money.
'ortclyou's Memory Fared.
The statement from the "sub-treas-
llrN was obtained after Mr. Untermyer
had JAILED to procure from Mr.. Cortel-
you the names of the banks In which
ne deposited government funds which.
the witness testified amounted TO
about $1,000. 600 during the panic
Ar. Cortelyou could not recall spe-
clilcally what banks received money
Ihe list furnished by Mr. Steele in
Guides the First National, the National
CITY, the Hanover National. the Ma
tonal Bank Of Commerce and several
Others which Mr.. Untermyer noted az
having Morgan affiliations.
The attorney read into the record
from the two districts comparisons
showing that on October "a. the First
National had received $92, $50 900 in
government deposits. had agreed TO
900. and had actually loaned S2.68O.-
200. He made similar comparisons
for other banks.
Echoes Of Morse Case.
Evidence that Charles W. Morse
made an offer to the comptroller of
the currency to pay off all the deposit
tors of the failed bank OF North Am
erica was brought out In connection
with testimony given by Charles A.
hanna, government receiver of the
institution. Letters placed on record
showed the government had refused
the offer although Mr. Morse was told
that If he would deposit his funds with
the government the comptroller would
see that the depositors were then paid.
After hearing the testimony of Wit
nesses in regard to the practices OF
the New York stock exchange which
Mr. Intermyer characterized as
contrary to the law Of the land" the
hearing was adjourned until tomor-
row.
II is said future hearings will be
heard I'm Washington.
The committee hopes and expects
In the end with the aid of further
power to secure the data on which
to base permanent constructive legls-
Iation.