Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-12-18
PIERPONT M0H0A
STAR WITNESS
IN MONEY
PROBE s.
Statistics Presented To Cot
mittee to Show Control T
Nations Wealth By Int
locking Directorships. ~
LIST OF NATIONS ~
FINANeIAL KINc
INV LEASED WIrc 10 rvcnIr,- IR.,sI

lby LEASED Wire tO Evanlnm ReRkg
washington, Dec, Isl. a. Mora
i""N the stand before tive hoa
money trust committee az 2itO 6'dSst
lhS alIornIm. s,unuol Unsorhys
'"nsrl for The conpnlttee. IsmrsI
dmlrly began his oNamanatIos,,
Mr.. Morgan held whispered ,conga
'nr"u with Delancoy Nlcol and u.
lhudahuW, OF his counsel, Rn q
cunmittN proceeded. FIf ~
Leaning bqIk In n small cSnn.scnt9
rhalr ho watS hed Mr.. Scndder ana ~
uu"stioncr closely. IL storo MA ,Ii,l
suit nf black with n black crtVaf ~
der spreading wing collhn.
W. TN" great mnas OF sta4iatico NJ
W"WN nut into tho record MI. HHnT
gan r'mh"d ~ his chair. clanpsd N
hhndS On his lap nHd closed hla ar
Ih" crowd ur spectators grnduRiIr n
'r'nrrd ~ the ufeOrnoon woro q
when Scuddcr finished Mr.. III
mNur called out. NE
Nh MorEnn, Will you take 4,
The nnuncicr walked to ne ohaa
ai tn" cnd ut the committee table nT
was sworn by Chairman Puto. 1IIE
spni"r " the taudl qualifying ot.1f
Ions Ne said he was banker IN Me-
Are yuu u member OF a pnIlade
rh!l tirm'" asked Mr.. Unseeniyefa
"NCll, that's tho same firm" al
Swct"4 Mr. Morsae.
"A Paris house ."
"l'hcy nrN nll tho same ho,fHe. n.
firm Is IN Now York with bra anh4
~ Fhilndclplan, Paris and Lond0nH
Who are tho members of eie
Mr. Morgan furnished tho foIlns'
ing llN n a l,lh
i, =. Morgan. ". u. Dawson, W.. &
Hamilton. Y. W, Lamont, II, F. Lloyd
~: p Mmgtn, Jr.. A, A. Ndwb6|G
| Willlnm IL. Porter Charles Aaenls
r. u sto'eanuEy, and 'remSen uQt
Nr. MorMn said tho aame paFlmt
were IN all tho houses. MA
Mr.. Ohtcrmycr aakOd Mr.. M0rnl
, whether HIS house carried deposits Z
lnlrrsthte corporations"
Mr.. Morgan suld h0 did not atlt
understand what tho attorney moan
ANA Mt, lnt"rmyer eSplnehed that y
I meant companies trunhmctlng huRiflaf
IN more than ono state,
Mr. Morgan said his firm atcepte
, III" accounts nr any corporation
Thought rCllnblo.
Hay" sou accounts from interatat
"NrpurHliunsp"
win my corporation wo think
gnud," sold Mr.. Morgan.
Mr., untcrmyer read into the ra(
ORD u stntement that in January tno1
were siNty-slS accounts with ten MOI
| KAN trm Wlldl deposits of 9G0,11a,oU
aud on N'N"mOcr / there were acS
oniy accounts having On deposit eTll
$500. 900
"Do Suu ,niuN thit those great Soi
pornu 'r ..ul sNu Lheh secueitlt
scattu'o .uHdrAW ought to ho pGl
mlttcd tu nIE. tlS,lr dspoHItni With
. pll'ni" bnnkerT"' asked ME Untel
! mNur, tNl
II do" said Mr.. MOrEn. 2 E'l
! Mr. Onlcrmycr said he referred
. no particular instance, but AnltG
whether Mr., Morgan thought Tint "a
~ matter of public policy" corteTl
! li"us really "Ownnd by the pllbllf
ought t. bo allowed 10 deposit wil
. rtl.Hir bankers not subject tO fedall
, inspection kd
+ ~ dc" aaul .rid Mr.. Morgan. n
added ihN 'lr Hel9 ought 10 dcp1r
uu IN, H,.s.I,r - tho banker an
the extent ts which the hoard OF B
! r""t"rH Of the corporation might f0l
! mHlly authorize such deposits. W.
Mr. Morgan said the question WI
On" which hn believed SHOULD be ID
&" the honrdH Of directors. M
Mr.. Wtvrmvor asked for what u
lluatntc 'CurpnrDtiO tho Morgan iif
acted ns hsral agents,
Alr MuNnn did not know, bua1
l1rr"ptrd u list CurIashcd by his .
ur" othr cummulI'c The lLat Inolu6I
IA" chicago ~ Western Indiana ta'
ruud, the Chicago, indianapolis q
L"uls railroad. the pcro AgnPQuotl
uud tn" Svw York. Now Haven
Hartford, and the Now York Cenlsg
Mr. tuturmyor asked about g
l"rmH et the agreement nplar VII
Morgan ana Company act ~ 0hQ
agents for tho Now York C6ntFnH z
You have the r9ht 10 issue
Their securities, haven't you11 eeHI
ME-. UntermScr.
"lf we can agree on t0Iana.H &
piled Mir. Morgan. f
Mr. l'nlcrIUycr persisted 4fl n
question 0s To whether tha.sE1o
urm dld not have entire uontrt
IN" securities OF tho Now Y0Fk M
iIHl ~ M
"Onlv lf we can nSree ON fnl.
replied Mr.. Morgan aguln, N.Y.
lie agreed to fupnlsh a aopy ~
agreement hctwoon the New n
Central and his firm,
At that point the commiti4l
iuurncd. -.
Mr.. Morgan told Chasr,.la
that he was very anxious q l|T
testimony M he wanted 90 f&4
lcuuniry. N.t.,.2. 4.
The money trust coHmlll
day took recess until 1f
when Mp. Morgan win agaI
stand.
OhnlFman PulO said fAs
ment was 10 enabla mem
care of privataf business
ing for tho headayn,
CHARTS SHOW AHA
CONTROL ON MON
Wnnnlnnlla-n ~. u 49, ~