The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-12-08
MANY FINANCIERS
UNDER SUBPOENA
Few of the Kings" of Wall
Street Will Appear-Probe to
Be Resumed Monday, and
Pujo Will Make Sharp Re-
ply to Traducers of His
Committee.
Especial to The Times Dispatch. ]

washington. December How the
money trust wheels go round IS
ready for complete exposition. The
House investigating committee Will
resume its probe Monday.
Bankers and brokers from Wall
Stree; and several Eastern cities
twenty-eight in number-are nov un-
der subpoena to testify at the hear
ings. Chairman Pulo. Of the investi-
eating committee, stated tonight that
he expected the hearings TO conclude
December 90, and that a complete re-
port will be made 10 the House soon
after the Christmas recess.
II was learned tonight that few OF
the kings" of Wall Street will be
hailed 10 the committees witness
stand. 1t was stated emphatically that
neither j. PIerpont Morgan. the I:ocke-
fellers nor other big" men Of the
street would re served with suopoenas-
c. a Pugsiey. of Peekskin, " Y.
president Of the American Bankers
Association, will be the first witness
Monday. He will be followed by Jacob
II. Schir, the New York banker. Otter
witnesses later in the week Will be
Frank A. Vanderlip. former assistant
Secretary of the Treasury; Otto Kuhn.
Of Kuhn, Loeb & Co, and managers OF
~ I
ers who are members Of the Philadei-
phia and Pittsburgh clearing houses
also will testify.
1t leaked out tonight that bankers
Of Buffalo and Albany are also In the
committee dragneL Deputy Sergeant
alarms White, of the House. has
been In upper New York for several
days serving subpoenas.
Jntermyer In Charge.
Sunday night Samuel Untermyer,
who Is special counsel for tee investi-
eating committee. will arrive here TO
stage the opening hearings. Inter
myer has complete charge OF the
course OF the investigation. Chairman
Puto let it be known tonight.
Mr.. Untermyer is directing this in
vestigation." the Representative said
Despite unfounded reports Of dis
sention between Untermyer and mem
bers OF the comnlitte. he is. and Will
remain, IN charge, with the fullest con-
fdence and support OF the committee"
Pujo said it was Untermyers plan,
approved by the committee, TO expedite
the inquiry. without attempting 10 col
lect a mass OF statistics or useless in
formation which would protract the
probe
I'VE propose TO get action at this
session Of Congress. If possible" PujO
declared.
Compilation Of statistics from anan-
c!al journals and other sources, tend
ing to show the domination OF finance
by a handful Of men or interests. has
been practically completed by the ex-
pert accountants OF the committee.
From the witnesses who will tes-
tify during the two weeks OF hearings,
IL is proposed to secure testimony to
make merely record" of salient and
well-known features of management
and direction OF bank clearing houses.
stock and produce exchanges.
VIII Make Sharp Reply.
That sharp reply to the critics OF
the money trust committee for the
criticism Of alleged delay in procedure
is TO he made soon by Chairman Pujo
on the floor OF the House was a new
development tonight Pujo declined
10 state II he proposed 10 charge or
show that the interests" themselves
are opposing the inquiry. Several
committee members privately declared
tonight that powerful influence are
being brought TO bear upon Congress
and the press to distort the real facts
conce, ming the investigation and be
little its efficacy
Tujo has been CO ilecting data for MS
speech to compare the money trust
probe with various other Investigations
Of Congress IN recent years. This
showing. il is declared. will be high
~ fax orable TO the money trust in
curry. A dramatic attack upon the al
legged traSucers of the committee -
expcCteo-