The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-23
Rockefeller Must Testify.

! tempt TO alter the money trust COM
nittee's decision 20 insist upon an ex-
animation of William Rockefeller, de-
spite his physical condition. was de-
| feated today in a rather stormy session
I of the committee. Against the wishes
of Chairman Pujo, the committee
reiterated its decision directing him and
Samuel Jntermyer. counsel, 70 MAKE
arrangements for Mr.. Rockefeller
I examination
| Chairman Pujo announced after the
executive session that he would arrange
with the counsel for Mr. Rockefeller
and endeavor to make the examination
as soon as the committee concludes It's
oral hearings. He said ne would pro
badly visit Mr.. Rockefeller with Mr.
/ Irntermycr next week. Mr.. Rockefeller
is now at Palm Beach, Fla
The incident was reopened by the
appcarancc Of DIR. Walter F. Chappeii.
personal physician to Mr. Rockcfelfer.
Who v1rifcd his affidavit setting fortn
that an examination OF his patient
1 might causc serious physical results
He described at length Mr.. Rockefei-
! ier's ailments DR.. Chappens appear
ance came as a surprise to members OF
the committee and his testimony was
/ interrupted by vigorous wnispefeo
conference which ended in Chairman
PlIfo offering to allow any member OF
the committee to question the witness,
and in the calling of an executive ses-
sion at the close of the hearing AFTER
the executive meeting counsel for MIR
I Rockefeller were notified of the Com
r1itteee's decision
Eojioying DR. Cnappell's examination
William j. WooIman. of the firm OF
IL S Bache New York brokers. was
o,estioned as to the business methods
of brokerage houses Mr. JntermEer
asked him as TO the practice OF brokers
collecting interest on stock carried for
hts 81 been
loaned to other customers at interest
Counsel Untermyer placed in the
record a mass of statistics relating to
the ownership of banks in New YORK,
Chicago. Boston and St Louis Inc
tables produced showed in detail the
stock owned by individuals and other
| institutions in the various banks.
a lengthy series of tables was pro-
duced showing the joint operations
of the First National Bank, J. p. Nor
gan & Co. Kiddcr. Peabody Co. OF
Boston the Chase National Bank Lee
/ Higginson & Co. and other instItu-
tions in the marketing of railway. in
dustriai. public service corporations
and State municipal and government
bonds. These figures were placed in
the record to corroboratc the volum'-
nous statistics already included to
show the cooperation of the various
large financial institutions in their op-
eratons-
Leaves Palm Beach,
Jacksonville; Fla Janusry 1LM VII
iionaire. who is expected to testify be
, fore Chairman Pujo. of the House
money trust investigating committee.
is reported to have left Palm Beach
eariv Yesterday According to the ad-
vices received here tonight MT Rocke-
Teller departed for New York on the
Mir Rockefeller had been at Palm
Beach for several days. having pro-
ceeded to that place shortly after h1s
At Miami he was examined by Dr.
I Charles W. Richardson physician
rsP1essntlnss ss, ihs tsS 91- Mr. Rockef
Z Ier's physical condition was sucn that
/ the millionaire could testify briefly
/ before representatives Of the mrnittee-
Efforts to ascertain il the Million
ai-e paseed through this city or Sa-
vannah. Ca. tonight we're fruitless-
Charges "Steam Roller" Methods
I Washington. January 22.-Thst in
dorsen.cnt of the National Monetary
/ Commissions banking and currency
nIan was forced through the American
BANKERS Association convention IN
New Orleans by steam roller methods.
with a great majority OF the members
unfamiliar with the plan. was charged
before the House currency reform com
/ roi.tce today By Andrew J. Frame.
president OF the Wsukeshs. Wis.
National Bank. AIR. Frame declared
that the American Bankers Associa-
tion Cor years had been a close cor
poration." controlled by ten or twelve
men. At the New Orleans meeting.
/ he said. q dozen speeches were made In
( favor OF the commissions plan. but
those Who desired TO oppose II we're
kept of the program
J. V Farwcii. n Chicago merchant.
urged a modified form Of the None
i farv Comrniss.ons plan which Woald
providc district discount association
with q central controlling body with no
capital stock nor general functions Of :
hank. 49,.
Describing the proposed district
bodi~s. Mr.. Farvcu explained that they
should have authorized stock equal 70
no p~r cent Of the capital off, banks.
half paid IN should take - per cent OF
dead cash reserves In the banks. s1d
hold them for common use. and should
40 business with banks only. Dis
counts and scccplanccs allowed " any
/ one bank. he continued. should not
exceed the smounf OF iss capital stock
and there should be exed rate 81
5costinGcd on Eighth Psso)