The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-12-18
Pierpont Morgan In Washington to
Appear Before Money Trust In
vestlsatina Committee and
Toll Some Secrets.
vATz BANK BOOK LONG PRISON TERMS
|pected 10 Tell How ii is Possible
For Small Group Of Money
Darons to Dominate the
Whole Field.

Emitted Press Leased Wire Service. I
WASHINGTON, Dec. is. - The
fmax Of the money trust committees
lobe was promised today when reve-
)tions of the alleged control OF the
Ation's finances by a small group of
EN- was to be elected.
although J. Pierpont Morgan, the /
ing of the street, was in Washington
kpectantly waiting the come-all to
3stify. it was not the purpose of At
{rney Untermyer to examine The
bancier until he had laid a founda-
bn for. his questioning by introduc-
Il statistical data prepared by ex-
krts for the committee, tending to
bow how "interlocking directories"
i've a certain group of money barons
bmination in the field OF industry and
bance.
SWhan the committee met, it was not
britain but that Morgan's examina-
on might be deferred until tomorrow,
Though the financier was anxious to
et his second congressional inquisi-
on within two months out of the way
the earliest possible moment. In
october Morgan told brief story of
is campaign contributions to the
lapp investigating committee.
/ The documentary records of inter
boxing directorates We're said to
bark the climax of the investigating
Iommittee's evidence, overshadowing
wen Morgan's expected testimony.
Domination Of dollars was expected to
+ shown in detail by a mass of data
5hich corps OF thirty expert investi-
|ators have been digesting for
honths. This data was said to list
VERY corporation director officer and
CAPITALIST in the United States. At
|brney untermyer, of the committee,
|esired first bare this record OF
nances before calling iaorgan but
be financier's corps of lawyers were
baking strenuous efforts just before
lie committee met to induce Inter
hyer to get Morgan's ordeal over
rst.
Fortified behind small army OF
enowned lawyers. secretaries. clerks,
accountants and fiunkeys, and armed
nth piles of defense ammunition,
b the shape of documents and records,
was plain at Morgan was on the
defensive today.
The financial king, his son, j. Pier
Eont Morgan, Jr., Thomas Lamont, Of
|he Morgan firm; Attorneys r. V
4indahury, Joseph N. Choate, and hal
dozen other legal lights, all &C
kupied an enormous suite of rooms a
HE New Willard hotel, CAREFUL,
Guarded and isolated from the pryins
kyes Of the public.
To draw from Morgan's lips, undel
bath. the history of many of the grea
financial coupes of late years, wal
Banned by the committee. While
Morgan, it was reported, would not D
sked literally to open his private
bank book to the committee, the MOT
ian interests. private and corporate
kere threatened BY the blazing search
ight of publicity for the first time.
His opinion of the business moral
BIZ high finance was to be one Q
hiorgan's principal contributions
he inquiry.
Tntermyer also proposed to as
Morgan for suggestions to relieve a
legged financial abuses.
The CLINT of gold, the prospect
Eeeing j. Pierpont Morgan, king
fhem all, on the defensive, matcnin
Bis keen wits with those of lawye
CONTINUED on page S.l