The evening world. [volume] (New York, N.Y.) 1887-1931, 1912-12-19

sation Of the Equitable company was
presented by Mr. Morgan's attorneys
and put into the record.
Mr.. Untermyer then offered a state
ment Of securities held by the Eou'-
table, Mutual. New York and Metropoh-
tan Life com panies. Issued through NOR
gan A Co. and now held by the insu.-
ance companies as part OF their assets.
A. to the reason for the formation OF
the Firs, Securities Company, an al
,unet Of the First National Bank, and
The National City Company Of the Ma
t,onal City Bank. Mr.. Morgan said he
tbousht they we're organised to deal In
sec,,rities the banks themselves could
M, handle. In the National City Com
pany he said he had small holding.
which he later said was worth present
value. about >.0oo.0co
DO you call that small INTEREST,"
ITS not q controlling interest SAID
Mr.. Morgan; 1T Is not an investment
that REQUIRES constant watching"
m. 1orrsn said he know little Of the
transactions on the stock SxchanSs,
hat he ala not believe manipulation vas
genuine, ana regarded IL - nissasimats'
ne added that he thought . majority
Of shs governors Of the 8xoAaass con-
silsrsd manipulation a bad thing. II.
Morgan saad he knew the snss ., s..
xsw FORA STOCK nzohangs were thirty
or forty times the amount OF the out
standing ssouTa'Ass assi' ~
Mr.. Morgan coheiuueu "'s "'"'
a. -
at Az O'Clock 'his ai.ernoo"
AMER Mr.. Morgan EFT the stahd the
committee adjourned until jan ..
Al the opening OF Mr. Mcrsahs en-
animation Mr.. Unternyer asked:
Cart you give the committee a stale
ment Of the deposits OF your banking
nrm In New York as OF Nov. -
Mr.. Morgan Appropriated II at about
!iu 100000. He said he would furnish a
statement showing the hgures.
Mr.. Morgan said he ana ais partners
were directors In some of the interstate
eorporations that "aave accounts with
4 p. Morgan A. Co." His counsel agreed
IN ,urnlsh A ,ls, Of those directorships
A.. u..,.. nroaur.a. In re.ponse to
ouss,,on' copies Of the fiscal agree
rant. hetvesn !. p. Morgan AZ Co. ana
,n. N.., ynrn Central and the New
vary Nsx Haven and hartford Rail-
,osd cempsn,.e
49, A. r,,c., .orNr nv
~s'e 80
TACiT AGREEMENT.
NJ. Morgan saia tha' 'ners "e's w
other such asreeneh's "ihus os ne
house lilo said tho hrm ae'eu AS nsss.
agent TOT o'hsr companies "
asresment ~
" $3.50 " -. 1000.
e''pYaAs, ~ ~ So, ca..a-s.
- - S3
"s,-., r,
- ees -"
S'..s = ... ~,
49, Ss 49,, $3.50. -,
Aes ~. 49, 49,. az,
..nn.r,.,
W. =. ~SNsA 80 -.
49,, .-.... -n,.s
49, ~, .-,--.
-. rS..~.. ..,A =.
s..s... :. - ~ ~ Ysrl
80. .s..s-. ,s.,-.
..s-... ~ ~ 49,, s.-..n.,~ "a,
49, ~ vs,s os.e,.i urss vere IA,
C--.-, ~. 70. sn.rs am,
-. s,sC-,.Z ns..,...w- 0haoaro ~
r. S~..s. 2s,,xo.a.
-..-.. nd. .s.& ..~. ,.sus. n,
vo,s o..trai seour1aes Ma tss,
~. 4. an. ,..t ~. years throuSt
49, ..s. a., nj. heuse.
= 800 ,~o.,, ..v INIT think mare
..-." .aaA ~.
-, a.. is.s Ave- ye.xsr
n ae.,t rs,nsmser AZ aay. Uous the,
-. rssai tu.t nov..
M ARA veula furnish infosmAtisI
1Aat ,o,.S. ~. 2goresu sasa u,
a. ia minded "ssvssal huAdsst
nSpsen" dollars worth Of Hsw xos,
oonsral ssoux1tiss ana he thought the
A ths last ten years these ssourttae
hsA al been haualsa on . oomnaisstoI
boais.
M. Moran thought the New Haven
too. had issued securities not handles
by Moran 4 Co. in the last ten years
~. untaxzaysr sesA from the papsS
f~snAsAeA ~ m. lgorean tAs pyoposa
~ 90 leorrau Mouse seespteA ~ IN
- 1avan. worra> %, propossd Il
-. f.r hsans ,.aAs sols asesl agent
S., - 1ev Iavsn unas u loaa u