Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-12-19
MONEY TRUST HEARING.
CONTINUED From Page one.)

lfle 10TH VI tiidtiS prepared EN 1nll-
ip J. Scudder which was placed in the
record. This explanation showed that
the charts dealt with the affiliaton OF
fS9 directors IN 1S banks and trust
COMPANIES in New York, Chicago and
Boston 1t showed that these $50 men
hold in all $40 directorships in 1874
banks and trust companies, transpor-
tation and industrial corporations, haV-
ing total resources or capitalization of
So .225 500, coo"
It also gave IN detail affiliations OF
]. T.. Morgan d Co. and other leading
financial institutions in New York
-Hoston and Chicago.
Mr. Morgan will resume the stand
tomorrow. At the conclusion of his
Testimony, today, he had a talk with
Chairman Pllio and other members of
the committee and expressed the de-
size to have his hearing proceed as
rapidly as possible. He said he was
anxious to conclude, as he wishe>s 70
carry cut plans for leaving on TRIP
within q short time.
Sergeant -at-Arms Biddell, of the
House. was the first witness. He said
that he and his deputies had tried in
vain, since June 10, to serve William
Rockefeller. Mr.. Untermyer, counsel
for the committee, placed in the rec
ora kilograms 10 Mr. Rockefeller, ask
ing him TO accept service or signify
his Willingness to appear. He said he
had received no@reply. Chairman Puje
then told of the efforts of the com
mittee to serve Mr.. Rockefeller.
He had a certificate from DR.. Wal
ter f. Chapple. saying that Mr..
Rockefeller was i'll and under care,
had been received by the committee.
lie said the committee had informed
sMr Rockefeller that the certificate
would not be recognized unless he ac-
copied service. All following efforts to
serve him had failed, Mr. Pujo said.
The committee has the power to ask
TO force Mr. Rockefeller to appear.
the House for a writ of attachment
Seele Newman, special deputy
sergeant-at-arms testified that lie had
searched both Mr.. Roekefellers town
house ana his country house.
Tables purporting to show that four
great life insurance companies, the
New York, Equitable. Mutual and
Metropolitan, would have at the pres
ent rate Of increase assets totalling
s4,31S, 00o, coo, in 1891 were presented to
the committee by Lawrence Scudder,
the committees accountant. who was
called as an expert witness by Mr.
Untermyer. on Dec. 81, 1911. said Mr..
Scudder. the total assets of the four
companies were $2,10S, 900, 600, divided
as follows; New York Life. s693, 900, 900;
Mutual Life $5S7 900 000 Equitable
Life. 5000, 100000; Mutual Life 1857 000.-
GOO: Equitable Life, $500 900. 900; Metro
pelitan Life, 1888 GOO, 900.
Scudder estimated the combined as
sets, in 1916. as s9.6s3.o a0. 600: in 1921.
81. OBS 900, 900; in 1926, $3.7S3. 006; in 1881.
81, SIS 900. 900. Mr.. Scudder's tables
purported to show that at the latter
date under the rate of progress he fig
red upon the individual assets Of the
four companies would be: New York
$150l 100000; Mutual. $1.056. 600, 600;
Equitable, $s520oooO0; Metropolitan,
$500, 060. 900
J. p. Morgan took the stand before
tie Heuse Money Trust committee at
40 o'clock, this afternoon. Samuel
tntermyer. counsel for the COMMITTEES
Immediately began his examination.
the accountant, was recalled to the
witness chair to give further explana-
tons of the tables and charts which
he had put in AT the morning session.
He said the detailed tables showed
the extent of interlocking directorates
of the various financial companies, and
banks to be:
j. +. Morgan & Co, 63 directors in
80 corporations having total resources
or capitalization of $40. 036 900. 900.
First National Bank of New York.
los directors in 40 corporations having
total assets or capitalization of SILL
542 600, zoo.
Guaranty Trust Co, New York. 100
directors in 76 companies total assets
or Capitalization, s17,342 600 000. Bank
ers Trust Co. New York, 1l3 directors
in Sc companies having total assets or
capitalization of $n, $4,000 900.
National City Bank, New York, IS
directors in Al corporations having to-
tai assets or capitalization of ST., 205,-
000. Geo.
Kuhn. Loeb & Co., Il directors in L
corporations with total assets or cap
of 81, 01l, o00, 600.
National Bank of Commerce of New
York, 149 directors in SO companies
having total assets and capitalization
of SIS. 1854. O00, 900.
Hanover National Bank, New York.
81 directors in 29 corporations with to-
tai assets and capitalization of $685.
o0,000.
Chase National Bank. New York, 81
directors in 40 corporations with total
assets and capitalization of $1l ,527, 000,-
600
Aston Trust Co., New York, "a di-
.rectors in AZ corporations, total as
sets and capitalization of s12, 400 900. :
600.
Mr.. Morgan held whispered confer
ences with Delaney Nicol and X. "
Lindabury of his counsel as the COM
mittee proceeded.
Soudder explained that his tables
showed that Blair and Co, New York.
had IL directors in IL corporations
having total assets and capitalization
of $1,7S4, 900. 900.
Speyer & Co, New York. 10 direc-
tors in 10 corporations, having total
assets or capitalization of s2,443. 000.-
600
Continental anI Con, al No