The Bridgeport evening farmer., 1912-12-19
MORGAN'S MILLIONS LAID BARE WHEN MONEY KING
 FACES THE GRILL TODAY


 Morgan and DeIancey Nicoll con- ferred for a few moments, referring occasionally to some papers, Morgan produced. They were Joined by ex- Senator John c. Spoonor, Joseph H. Choate and Richard Linda bury, other m members of the retinue of legal ad- visers who came to Washington with
 Just before Morgan was called. Choate. Lindabury, Chairman Pujo and Attorney Untermyer held con- ference.
 Morgan, his burly figure hunched in the frail chair, answered all questions with a. querulous preface, between a stutter and nnumble At times his eyes flashing beneath their bushy brows wandered over the crowded room and it seemed an effort for him to concentrate his mind on the ques- tions.
 To the observers who have seen Morgan testify at previous public hearings, one impression dominated worlds finances-that. after 8 life of spectacular triumph, he was lowing to the greatest conQueror of all-age- jowis. the nsvs slopfng n of % the head he s forz ward on its thick neck, the lips ai- ways held in compression and the bull bous Morgan nose that lends an air of burIesque to the face-aH of these making the powerful ensenable of Morgan's pernonality. seemed to have lost their virility.
 It was J. F10TpOnI ENdOTBdHs dn Oi0 man. a living history of achievements. surrounded by careful guardians who faced the money trust investigators- not J. Pierpont Morgan, the wizard of money.
 Can you give the committee statement of the total amount of. your deposits on Novenaber I, 1912?" was Onternyer's first question.
 .'I havn't it here. I should think $1oo, 100000 to s11o.ooo,ooo," Morgan replied.
 the figures. He said his firm paid in- tereSt on deposits.
 Are you director in some of the firms which are depositors with you 9"
 Morgan promised to furnish a state ment of the firms in which his bank had directors.
 we will give you anything you want, said the banker. The witness said the Philadelphia branch. Dietz & Company, benefited similarly. He promised to furnish data from that branch.
 Have you the same system in Lon.
 1fIfs would be infnIteiy. small 9. .Praetically so. We don't keep those accounts here.''
 Untermyer then turned to the I've -telegraphed for copies over night said Morgan. There they are two sections, the New OEh SSHIEdA dnNl dl1leO iln98, dnO the New Haven and allied lines.''
 'How many of such agreements tacit agreement. We act for the Steel agreement as to it or others It's all by correspondence or word of nouth.''
 Untermyer then read the fiscal agency agreements with the New York Central into the record.
 They recited that the firm was giv- en the exclusive right to market the securities of the railroads with power to offer up to 75 per cent to the pub lie. There was a provision for con cellation of the agreement upon 80 days notice.
 that" explained Morgan.
 "I was a member of the New York Central Railroad finance committee.' the witness continued.
 You have been member of the board of directors for many years?" Yes tioning, settled more comfortably into his chair and thrust his hand into his trousers pocket. displaying a capa- cious waistcoat over which was drap- seal and a little gold box that hung near his watch pocket. He wore his usual wide winged collar, barring an expanse of neck. He constantly put on and off a pair of horn trimmed specks. At times. when given papers to verify statements, he arose with a quick nervous gesture and handed or took the documents to Attorney Un- termyer. The attorneys constantly hovered over him, fearful evidently that the financier might make an tude srnacked more of guardianship than of an advisory character. When they were not prompting Morgan they were aousy conferring among them selves, stu dying documents, or evil dence.
 The Morgan contract with the Lake Shore Railroad was then read and also that with the Big Four" Railroad The contracts were backed up by letters between the firm and the railroads. The letters produced to be one and one-half per cent. of the securities offered to the public
 That commission was accepted by them all as I remember" said Nor
 Have any issues of New York Cen tral been made in the last few years except through your office ?' "I think SOL the witness replied after pause. but I can't recall any"
 Not in five years? ?'' 'I think so."
 You've issued during that time ties?" "Oh yes.'' said Morgan.
 All on a commission basis" 'fYes, in five years" said the witness. agent for e the New Haven 2' Since the date of that tthe contract). Be- fore that they made most of their ar through uS-
 Do you recall any not made 1 through your firm % "Yes, within the l last ten years, but I can't recall ex- actly.''
 The New Haven contract was read. | It was identical with the New York Central agreement and included the | Boston & Maine Railroad fiscal policy. 1
 Gan you give us the names of other corporations for which you act 1 ed ?' "1 cannot, sir.'' l
 Can you name any others than the 1 steel company?' ''I cannot, sir,'' said l Iaughingly.
 What is a fiscal agency?'' "It is 8 i contract acknowledged by the board of directors"
 Morgan was pressed for list of other corporations for which he is the fiscal agent.
 We have given you that state ment, said the banker, hastily. We