Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-01-15

Washington, Jan. lo.-Albelt -
Burrage, of Boston, was witness be-
fore the house money trust inVesti'
eating committee today. He testified
he was an organizer Of the Amalgama-
ted Copper company in 1906. tie nam
ed as his assistant William Rockefel'
ler, Marcus DAILY, II. II. Rogers and
others. Mr.. Burrage could not re-
member how much was made by the
organizers in turning over the var
ious properties to the Amalgamated.
Were the profits $3l ,00O,OOo,' ask
ed Mr.. Untermyer,
Il could not say" answered Bur
rage.
He could not remember his own
profits nor those of Thomas Lawson,
William Rockefeller and Mr.. Rogers.
Mr.. Burrage said he got his profit
il. securities so far as he could re-
member, and did not get any Butte
Boston or Montana.
"Will you say that your profit was
not more than S5,C0o,o00?" asked Mr..
Untermyer.
Il could not say" answered Mr.. Bur
rage. He knew of no records OF the
deal.
Then this entire deal, involving
$l5,000.000 was accomplished without
the scratch of a PEN" asked the coun-
sci.
Yes, so far as | know"
The public came in shoals, didn
it," asked Mr.. Untermyer.
Yes, you might say that, said Mr..
Burrage.
About $375,o00,00o of offers were
received for the $4,000, 900 of stock.
FoRGETs OTHER DETAILS.
Mr. Burrage could not remember
details of operation by which Anal
gamated took over Boston and Mon
taAa and suite and Boston. Boston
and Butte, Mr.. Burrage said, was ac-
cumulated on his advice. Later. he
said the Globe Bank of Boston. failed
holding large block of Boston and
Montana stock Just prior to the
failure he said, Mr.. Lawson conduct
eG a vigorous campaign, "bulling
Butte and Boston and "bearing" Bos-
ton and Montana.
Mr.. Burrage said he had taken no
part in the negotiations by which the
Amalgamated organizers secured the
Boston and Montana stock held by the
Globe bank. He did not believe the
Lawson advertising campaign had any
relation to the Globe failure.
Mr.. Burrage said that Butte and
a!gamated, at a rate OF four shares OF
Amalgamated for one of Butte and
Poston, which. with Amalgamated at
1870, made a price of 500 Butte Mon
tana. he said, was exchanged share
for share with Amalgamated in the
merger
Mr.. Untermyer asked if Mr.. Rogers
and Mr.. Rockefeller had not acquired
Butte and Boston and Butte and Mon.
tana and had then as directors of the
voted to buy this stock
for themselves. But Mr.. Burrage did
not remember
HUGE PROFITS.
But you know that the value OF
these stocks increased from $4,000,
900 to $l04,000,000 when they were
transferred to the Amalgamated?
"Yes-,a profit for those who held
The shares" answered Mr.. Burrage
Mr. Burrage said that in 1904 he
ordered all his papers and accounts
destroyed because Mr.. Lawson and
Mr.. Rogers were engaged in an alter
cation.
They were both friends of mine
and did not wish to become invol, !
3D. said Mr.. Burrage.
With the conclusion of his examina /
ion the committee recessed for lunch.
BIG MEN TO BE CALLED. j
With DR.. Richardson and Albert c. /
who was concerned in the I
of the Amalgamated |
copper company testified, a list of !
leaders waited to be called.
rhey were President Hines of the
NdIlOldI Ally Edilh VI 4>c" \ VI n,
George W. Perkins, Thomas W. La !
mont. Il. p. DAWSON and George, Il.
3aker, Jr., the latter son of the |,
eading figure in the First National
,ank.
The committee will take up the /
question of whether Mr.. Rockefeller
s to be examined at an executive 7
meeting late today.
ROCKEFELLER HAS PALSY. !
Washington. d. c.. Jan. 15.4-Al-
hough suffering from shaking palsy"
nd unable to speak above whisper,
William Rockefeller would be able to
Undergo brief examination before
he house money trust committee. if
lis testimony is of paramount i'm
So DR.. c. w. Richardson
old the committee today.
He said that to submit the oil mag
late to prolonged questioning might
ause hemorrhage or a swelling of
he larynx which would stop his
Wash pfOn n T. Tan 15-Nr |