The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-01-11
MORGAN GENERAL.
OF MONEY FORCES,
BAKER DECLARES
He and Stillman Are Merely
Lieutenants OF Great
Financier
KUHN. LOEB & CO.,
ARE AMONG CHIEF
Control They Weld, if in Bad
Hands, Might lmperil
Business, He lells
pujo mmittee
BY JAMES j. MONTAGUE.

" WASHINGTON, Jan. 10.--With
the assertion mat present combine
lions OF capital are sale only De-
cause of tine personnel OF the men
holding them. and syowIng his be-
lief that such com binauons have
como quite far enough, George
LaKer To-Day concluded a statement
before the Pujo committee tnat Gov
cred, almost every phase OF his vast
bus ness interests and required TWO
days for the telling.
80. AsaAcr pvln.rd TO Morgan az
the great general commanding toe
financial forces of America. piae.ilss
hlmgelf with James Stillman, OF Inc
National Clty bank, as second Ia
rank and Aorgans CHIEF alds in
quoting the panic of 1907. lie de-
med the existence OF money trust
but he admitted that II such con
troll of the situation as Is held bg
Morgan. SULLIVAN. himself and lie"
others, should fall into bad hands
the business of the country would
seriously be imperiied. The present
pyramiding of prosperity upon per
gonantles he admits is 'uncomfor'
table"
Here are few OF the many ire
mendously important and significant
things that this heir apparent 10 the
morgan financial throne told Ne
committee In answer TO questions
from its counsel, Samuel inter
mysr.
Morgan Great General
Concerning Morgan; Morgan ID
regarded by business men rs u" one
great general who commands VAe II,
naneial gltnation. He took consroi
OF IL during the panic and win
pagar and tSillmsn to help, keeps
control
Morgan, Stillman. Baker, Kuhn.
Yah Z Co have q community OF
i,tsrest that moves them TO oher
zach other shares in every impof tahs :
stock promotion enterprise any Oh
Them undertakes. The Chicago Ivy
railways deal. undertaking Jointis
with two big Chicago banks, is an
,nstance OF this relation lie re-
pawded any securities coming 10 aiih
"a all right II they come from MOT
gan. 49, rrrs-
.shIa Life will get back all he PAID
sor T. and still retain control inns
Ala not square with Bakers oenn'-
tion OF Morgan's purchase OF Tue
EQUITABLE. as generous" but IL was
a~awp from him under questioning.
Partners and Directors.
uor~an partners are brother OIL
~r.nws With Baker in the Guaranty
- coo,nnny- one Of the biggest
Nforgan-Raker concerns. ana baA.'
isnyes everything 10 Morgan pAF'-
ners- nno ooo worth
80 .ha stock Of Bakers bank, the
Tsrst National, and Morgan - paf',
- naysdson, owns $1.ooo,ooo
-nrth Morgan's partner, Lamont
amrs another big block. Baker does
", ~.nenber tust how much. Baker
80 sao ooo, 900 worth. which ne
80 owned since the capital STOCK
Increased to ten millions tratins
tha stock at par value). To-Day IL -
I,,st once Baker was at variance
-.,th Morgan. That was when ne
na,rced that collateral and not
sSsrar.er was the basis for making
$50 Ia wall Street, and that no.
nody Of whatever character coala &c.
money without collateral MoFss"
,astihpd THAT ehsraetsr aac5 hss eoss
1a,.r., was the Oasis FOR ioans
Concerning :he First National
~,e gsrst National. ot which baker
- tna actual head. has capita.iEa-
tlnr ~ s10.o0o. 900, deposits OF more
.hsn xioo,ood,oco, fni numbers
amons tts desosi.ors between las
ana Us including Interstate com
,,arca corporations whose deposits
80 80 from s2a,s7s,227 to $32.42s,-
es7 n has thirty-two million dol
,ars on call loans and forty-two mil
iIrns IN time loans and discounts.
owns Security Company.
The hank owns the First Security
anary and through that company
Smns great interest in many railroad
and industrial corporations
The bank has been In many Joint
transactions with the National CITY
hank of which Mr.. Stillman, Mr.,
paker's fellow Morgan lieutenant,
waa the head up to the time OF his
practical retirement.
Concerning the Chase National
49, In which Mr.. Baker and the
Ts-.t security company have pur-
chased a controlling interest. 1t has
mora than 1000 out OF town banks
AZ depositors. and loans their money
on the stock Exchange.
The Chase National when it in
.rsa.ed its capital stock to Ave mil
lion dollars. paid four hundred per
can't The usual dividend. as Baker
Yemen bers ia IL per cent.
Concerning coal railroads, Mr.,
gaker is on the board OF directors
or on the voting trust OF all the coal