New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-16
But Can't Say Whether Con-
centration of Money and
Credit Has Yet Reached
Danger Point.
COMES OUT FOR PUBLICITY
Steel and Harvester Man Tells
Pujo Committee He Favors
Stock Exchange Incorpo-
ration-Rockefeller To
Be Questioned.

Washington. Jan. 15.-In a hypo-
thetical question put to George w.
Perkins to-day, Samuel Untermyer,
counsel for the money trust" commit
tee. outlined from the records CON
centration Of money and credit" and
asked whether Mr.. Perkins considered
il "a menace and peril to the prosperity
of the country" The question was
generally accepted as Mr.. Untermyer's
conception of the elusive, so-called
money trust" Of which the committee
is in search.
After declaring that the query re-
minded him of the conundrum, why is
A mouse when it spins?' Mr.. Perkins
asserted that he could not say whether
at the point outlined in the question.
concentration was a peril. In a long
dissertation on economics Mr.. Perkins
took the position that after concentra-
ton had reached a certain point it
should be subject to government regu-
lation He would not answer the hypo-
thetical question categorically.
After to-days hearing the committee.
in a rather heated executive session.
determined TO have Chairman Pujo and
Mr.. Untermyer visit William Rookie
feller and take his testimony. Mr..
Pujo opposed the scheme without avail
4 resolution instructing Mr.. Pujo and
Mr.. Untermyer to make arrangements
for the examination was adopted with
only single vote in opposition-that Of
Chairman Pujo.
This determination of the committee
followed the testimony Of Or. c. w.
Richardson, who, after examining Mr..
Rockefeller, told the committee to-day
that, despite his illness, the oil man
could submit to a brief examinstio
without immediate serious. results
No plans were made to-day for the
manner or place Of examining Mr..
Rockefeller.
Thomas ". Lamont and II. p. Davi-
son, Of ]. p. Morgan & Co. f. L.. Hine,
president of the First National Bank OF
New York, and George r. Baker. jr.,
who were on hand TO testify to-day,
we're excused until next Thursday.
The committee will examine Jacob II.
Schin, of Kuhn, Loeb & Co, to-mor-
row.
The hypothetical Question.
Mr.. Untermyer's Hypothetical money
trust" question came after Mr.. Perkins
had recommended publicity as a cure
for financial evils, the Incorporation Of
the New York Stock Exchange under a
federal charter, a closer responsibility
among bank directors and the accord
.ng of representation on the directorate
10 minority stockholders In corpora
tions.
The question, which embraced conclu-
sions drawn from much Of the testi-
mony already before the committee,
was as follows:
7 call your attention 10 exhibits before
the committee. from which you. Will note
the following seven institutions nave total
resources Of 81, 1896, ,0oo, 900:
J. p. Moraan & Co. land Drexel d
Col, deposits, S163, 900.
Guaranty Trust Company, $4,000,
600.
Bankers Trust Company, c2o5,ooo,
900. -
First National Bank, St4s,0o0.00o.
National City Bank, $274,000,00
Chase National Bank, s125, ,0oo, COO.
National Bank OF Commeree, $50,
100000.
That the Mutual Life and Equitable
Continued on third page. fourth column.