The Birmingham age-herald., 1912-06-11
PERKINS ID BLAME
 FOR RUN ON BANK Gave Information to New
 York Newspapers WAS TT PART OF PLAN?
WAS TT PART OF PLAN?

Judge Dickinson Tries to Elicit ln-
 formation That There Was
 Scheme to Hammer Stocks
 of Tennessee Company
 New York, June 10.--The blame for the run on the Trust Company of America during the panic of 1907 was credited today to stories printed in the New York news papers upon information obtained rom George W Perkins, according 10 tesu- mony given at the resumption or near ings in the government suit to dissolve the United States Steel corporation. The tes- timony was elicfted by Judge Dickinson, attorney for the government in an enort to prove that the run was a part or plan to hammer the stock of the Fen nessee Coal and Iron company in the interest of the United States Steel corporation which took over the Tennessee company during the panic.
 Thorne Testifies
 I. was testified by oakleigh Thorne, former president of the trust company, that the institution held Tennessee Coal and Iron stock as collateral when the run began. He declared the run was directly due to an article published In the New York Times referring to his institution as a sore spot in the financial situation. His testimony was supplemented by that of Osmund Phillips of the Times staff, who said that he secured from MT. Per kins, then a partner in J. P. Morgan & Co.,, and director in the Steel corpora tion, the information upon which the article In the Times WAS based.
 Mir. Thorne testified that there had been no trouble with his institution up to the time that attention was called to it by the publication of. the article. Counsel for the Steel corporation brought out that other articles tending to direct att tention to the Trust Company of America had been published the same day as the Times article.
 c. W. Bray Is Witness
 The governments case against the American Sheet and Tin Plate company. one of the corporations big subsidiar- les. was also taken up today with C. ". Bray of Bridgeport. Pa. former president of the Beaver Tin Plate com pany and later of the American com pany, as a witness. Judge Dickinson put into evidence an alleged agreement entered into by the tin plate associa- ton whereby members should sell at agreed prices and to which Bray's name was signed IS president of the Beaver company The witness said he could not recall anything about the agreement but furnished the govern ment evidence tending to show that the American Sheet and Tin Plate com pany had dismantled many plants taken in at the time of it's organiza- ton. He said further that he was a member of a committee on sheet and tin plate that had been appointed by the general committee in charge of the Gary dinners.
 There were no regular meetings of the committee" Bray said, but when ever the members happened to see each other they discussed prices and the state of the market
 The prices of each were the same, he testified.
 convention and get afffdavits from men who say they did not vote," said Mr. Hemenway, there will be no end to it.''
 Senator Borah finally made formal mo- tion to admit the Roosevelt affidavits and that the Taft attorneys be given until Sat urday to answer them.
 Clayton Opposes Affidavits
 General Powell Clayton of Arkansas warned the committee that the precedent would rise to plague it'' if it granted d delay to get new evidence.
 q believe we ought to seek here to IL. lenge," said Senator Borah T have no doubt that the majority of this commit tee favors the nomination of President Taft" he added, and if SD. they are far more concerned to have the world know that he was chosen by men who were not elected by fraud than are the friends of those who will be defeated.
 Everyone here knows what my all- ances are: but you know the question We will have to meet Is whether or not the nominee receives the nomination at the hands of honestly named delegates, or at the hands of delegates elected in contra vention of the wishes of the people who sent them.
 Tt is in the air that the contest from the time the convention closes until the votes are counted in November will be the most severe and difficult since Lin- coin was elected the second time.
 "Of what use to go before the country with the results of a questionable conven- tion? It would be better for us to sit here until the dawn tomorrow. and the day after, and the day after that, than to cut off the proof that is here offered
 If you expect to win here, and win there make your record so 1t cannot be attacked.
 'I appeal to you, not as the representa- tive of Colonel Roosevelt. but as the rep resentative of the republican voters of the country.
 You know that we have arrived at a new era in national politics The people have arrived at the conclusion that they have been lethargic. They will demand the reason why we have seated certain delegates. Let us admit all the evidence. Otherwise the people will feel that their will has been ignored. appeal to you in the name of the rank and file of the party. that these contests be adjudicated upon a fair regard for all the evidence, and not merely a part of it."
 Committeeman New agreed with General Clayton that to admit the affdavits would be to 'open door which the committee would wish It had kept closed.' and de- clared that affidavits would not neces- sarily be conclusive ''You can go out, . said he, 'and get any number of affidavIts with handful of S5 bills
 A. M. stevenson (proxy of Committee man Barker of AlabamA declared that every member of the committee knew that affidavits were neither conclusive nor per-