The Birmingham age-herald., 1912-12-18
The Famous Financier and Friends Come to Washing
 ton on Special Train
LEWISOHN GIVES
 DESIRED EVIDENCE
Makes Statement of Profits in Cal ifornia Petroleum Syndicate-Ac- countant Tells of Attraction
 of Money to New York

Washington. December 17-J. Perpont to answer subpoena to testify before the House committee on banking and currency, Investigating the so-called money trust MT. Morgan expected 10 testify before the committee tomorrow, but it is probable he will not be reached on the list of witnesses before Thursday, according to the plan of Investigation mapped out by Samuel Untermyer, coun- sel for the committee. MT. Morgan had nothing to say upon his arrival in Wash ington.
 A party of nearly score accompanied Mir. Morgan in a special train that brought him from New York. As he alighted from the train and made lis way through the deserted station to his automobile he was accompanied by his daughter, Miss Anne Morgan. In the party were Mir Morgans partners in the firm of J. P Morgan & Co., Thomas W. Lamont and H. P. Davison; Joseph H. Choate, John C. Spencer and Richard s, Lindabury, of counsel for Mir. Morgan; J. P. Morgan, Jr., and a staff of clerks and stenographers.
 MT. Morgan and his party were con number of automobiles met the party at the station and hurried the Morgan retinue to the hotel where it was whsked up rear elevator to the reserved rooms.
 Untermeyer Silent
 Samuel Untermeyer, counsel for the corl- mittee. would not discuss the prospects for the examination of MT. Morgan. He did say, however, that the investigation must proceed in its proper order and that several witnesses now on hand were to be examined tomorrow. The committee will first take up the main head of the money trust inquiry relating to the con centration of money and credits" and it is on this point that MT. Morgan will be examined. Before he is questioned, however, a mass of statistical matter pre- pared by experts will be placed in the record.
 The committee today took up the attrac- tion of money to New York by high rates of interest on call loans and received an analysis of statistics on the subject which showed that country banks loan on stock exchange security vast sums of money at times when the demand for funds forces a high rate on the New York call money market J. r. Niven. public ae- countant, placed the statistics in tho record.
 The first witness of the day was Fred erick Lewisohn, who consented to reply to questions which he declined to answer yesterday The questions related to prof it's of the syndicate which launched the stock of the California Petroleum com pany on the stock market. Mir Lewisohn placed in the record the syndicate agree ment under which the stock sold and the participation letters which assigned ba ch of ha daa1 taken hV I pNfSnhn Brothers, William Solomon & Co., and Halgarten X Co.
 Advocates Publicity
 MT. Lewisohn, under examination. de- clared he believed that a law which statements of promoters. brokers, and in termediary profits all stocks before the stocks were listed with the stock ea change would be beneficial to the ir- vesting public. Such laws, MT. Unter- meyer brought out. now are in force in European countries.
 Mr. Lewisohn and counsel were not present when the committee convened and John Aspegren. president of the New York Produce exchange, took the stand. He said that because the exchange was incorporated under the laws of New York it sometimes was hampered in it's busi- ness.
 When MT. LeWlSohn arrived ms couh- sel, Martin Vogel, said that MT. Lew isohn felt Monday and continued In this mood this forenoon that as matter of propriety he should refuse to answer questions as to confidential matters such as the profits transactions in ques- tions were involved. He added that be- cause of the impression that had gone abroad he refused to answer questions because of some ulterior motive and ad- J ba had 6aCfdad mako MT Lewisohn produced a copy of the syndicate agreement under which Hall- mon & Co. as syndicate managers han dled the stock of the California Pe- troleum company.
 You have hesitated 10 tell the com mittee how much of this stock listed on ] the exchange was a profit to yourself and your assistants Mir. Untermeyer said, do you regard this confidentially?' Witnessed answered in the affirmative.
 
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