Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1912-12-19
Charts Produced at Hear.
ing of the House Money
Trust Probe Shows In
terlocking Directorates.
FEW MEN DIRECT
IMMENSE WEALTH
In Hands of 18O Men the
Destiny Of 134 Corpora.
tions With Capital of$25,.
825,O00,O00 is Placed.

~3SSS Az L 1(ANCus
washington. ID. G., Dec. 1S.-The
house committee INVESTIGATING the
money trust was shown today chart
defining the alleged connection through
"interlocking directories" by which
firm members and directors of ]. p.
Morgan & Co. and seventeen other
financial institutions hold directorates
in corporations from banks to rail.
roads, the aggregate of whose re.
source of capitalization is more than
$4,000, 900 900.
Mr. Morgan spent less than an hour
before the house money trust inveati
eating committee when an adjourn.
ment was taken until tomorrow morn.
ing, when the financier will continue
in the witness chair to be questioned
about the Concentration of money
and credits"
A ground work for the examination
OF the New York financier was laid by
Attorney Untermeyer by introducing
the extensive tables of statirtics gath
cred by the committees accountants.
The examination OF Mr.. Morgan did
not go beyond few general Nues,
tions and a -shest discussion OF the
policy OF private bankers acceptfng
deposits OF interstate corporations.
Sergeant at Arms Ridell Of the
house testified that he and his deputies
had tried in vain since June 10 ito
serve William Rockefeller. 4
Chairman Pujo than made state
mittee to serve Mr.. Rockefeller. He
Chapple saying that Mr.. Rockefeller
was i'll and under his care had beer
received by the committee He said
Rockefeller that the certificate would
not do unless he accepted service
All following efforts to serve him had
failed Mr.. Pujo said. The COMMITTEES
has the power to ask the house for4s
writ Of attachment to force Mr.
Rockefeller to appear.
Selee Newman, special deput,
sergeant at arms, testified that he hat
searched both Mr.. Rockefeller's tOwr
house and his country house.
Tables purporting to show that foul
great life insurance companies thu
New Nork Life, Equitable. Mutual ant
Metropoliton- would have, at the pres
ent rate Of increase. assets tOtallins
$4,318,000,O0O in 1913. were presented
to the committee by Lawrence Schud
der. the committees assistant who was
called as an expert witness; by Mr..
Untermyer on Dec. g., 1911.
Directors Interlock
The eighteen institutions with inter
locking directorates are:
J. P. Morgan & Co., New York: First
National bank, New York; Guaranty
Trust Co, New York; Bankers Trust
Co., New York: National City bank,
New York; Kuhn. Loeb & Co.. New
Nork, National Bank Of Commerce,
New York; Hanover National bank,
New York: Chase National bank, New
York; Astor Trust Co., New York:
New York Trust Co.. New York; Blair
& Co, New York; Speyer & Co, New
York; Continental and Commercial
National bank, Chicago; First National
bank, Chicago; Illinois Trust and Saw
lings bank. Chicago: Kidder. Peabody
& Co., Boston and New York; Lee
Higginson & Co, Boston and New
York
Few Control Much.
A prepared summary, after giving
the names of eighteen selected institu-
tions said to be afIlliated says:
"The firm members and directors
whose Affiliations are thus shown num-
Der 1s0 The aggregate they hold Sis
3S5 directorships in forty-one banks
and trust companies, having total re-
sources Of 1882, 600, 900 and total de-
posits Of $2,832,000,0O fifty direc-
torships In eleven insurance COM
panies having total assets of $2,646.-
900 900; 155 directorships in thirty-one
railroad systems having a total capital
ization of $12,193, ,00O, 900 and a total
Of mileage of 163,200; six directorshipa
in two express companies and four
directorships In one steamship com
pany with combined capital of @254,-
900 900 and gross incomes Of $97, ,000,-
900; ninety-eight directorships in
twenty-eight producing and trading
corporations having total capitaliza-
tion OF 1858 3,00000O and total gros
annual earnings in excess OF $1.145,O0
and forty-eight directorships In nine
teen public utilities having total cap
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