The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-19
|0DERh MIDAS, ]. ?. MORGAN SPEAKS
/ Of MILLIONS AS IF THEY WERE PENNIES

III dCI0uuduC0 IOudy. lOTBdH lSAu
the committee that he was personally
with many details Of his
business. IS
It was Untermyer's program to s
close the attitude and opinion o. e
ganas typical OF powerful y OF
his kind-upon alleged abu' - fin
ance.
Morgan today also faceN CROSS
examination upon the disclosures
yesterday Of the committee regarding
1nterlocking directors" Relations
OF his firm with corporations, banks. /
railroads and insurance companies
totaHing billions in capital, resources
and funded debts, were to be inspect--
ed
Manipulation of stocks in Wall
street was another topic OF testimony I
anticipated. 1t was proposed to OBJ
tain Morgan's private opinion upon
the operations of the street it's
machinery and morals.
Today Morgan's retinue of attor-
neys, partners. secretaries and clerks
was reinforced by the arrival OF
few more lawyers. They kept the
financier immune from annoyance by
the public or newspaper men. Pri-
vate elevators, guarded, kept intrud-
ers from the suites occupied by the
Morgan party as their hotel. At the
capitol similar precautions were tax
en- to protect the celebrated witness.
immediately at the conclusion OF
his testimony today, Morgan planned
to board his special train with those
accompanying him and return to New
York
4 Morgan came into the committee
room just before 1870 o'clock, accom-
panied by his son, ]. Pierpont Nor,
gan, Jr., and his daughter, Mrs. Sat
iterlee. The financier led the way
/ swinging his cane in jaunty fashion
and fiddling with his silk hat
I. He sat in the front row of the wit
ness section between his daughter
!, and Delaney Nicoll, one Of the array
), of Morgan counsel,
4 Morgan and Delaney Nicoll confer
red for a few moments referring occa
!, sionally to some papers Morgan pro
!, duced. They we're joined by ex-Sena
tor John c., Spooner, Joseph H
Choate and Richard Lindabury, 9th
!, er members of the retinue Of legal ad
visors, who came to Washington witt
. the Morgan party.
Just before Morgan was called
. Cnoate, Lindabury, Chairman Pujt
and Attorney Untermyer held con
ference.
Morgan, his burly figure hunchet
!. in the frail chair, answered all ques
tions with a querulous preface, be
: tween a stutter and humble. At time
. his eyes, flashing beneath their bush.
brows, wandered aimlessly over th
crowded room, and it seemed an Ell
! fort for him to concentrate his min'
: on the questions.
0 Is Getting Old.
! To the observer who had seen Mol
: gan testify at previous public heal
c ings. one impression dominated tn
examination of the king Of the world
. finances-that, after life of spec
(. tacular triumph, he was bowling t
4 the greatest conquerer of all-age.
j.. The heavy jaw, with its flabb
e jowls, the sloping head set forwar
r on it's thick neck, the lips Away
held in compression and the bulbou
i. Morgan nose that lends an air OF bu
,f lesnue to the facial of these NAL
i ing up the powerful ensemble of Mo
gan's personality, seemed to hay
a. lost their virility.
~ 1t was ]. Pierpont Morgan, an ol
r. man, living history Of achiey
!, ments, surrounded by careful qua
r. dians, who faced the money trust j
n. yestigators-n ]. Pierpont Morga
the wizard of money.
e. Can you give the committee
is statement Of the total of your depo
is iits on November 1, 1922" was Unite
ut myers first question.
OF 81 haven't it here, Sir. shou
ot think s100, ,OO0, 900 to $110,0O0,0OC
Morgan replied.
D. The financier promised to furni'
RS the figures. He said his firm paid
M terest on deposits.
"a "Are you director in some OF Il
ur firms which are depositors with you
is Some Of them
ng Morgan promised to furnish sta'
IS. ment of the firms in which his bal
de had directors.
ce eve will give you anything OF tn
ms kind" said the banker.
he The witness said the Philadelpf
branch. Drexel and Company, bel
IN fitted similarly. He promised 10 4
to- nish data from that branch.
ed Have you the same system in L.
he don and Paris~
Eat .sNot to any great extent
lit "It would be infinitely small"
practically SO. We don't ke
TO those accounts here
,re Untermyer then turned to