The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-01-08
Holds This in New York and
Philadelphia Banks
for Investment
OTHER RESOURCES
AT HIS COMMAND
Since 1912 Banker Has Been
Able to Market Two
Billion Dollars in
Securities

WASHINGTON. Jan. TT. 2. Nor
gan had on deposit November 1se
last in HE New York and Philada-
phia banking houses more than S163,-
100000, awaiting investment by him
in any new enterprise that he might
decide would be profitable.
In addition to this vast sum Of
ready money, he had at his command
the reserve resources of many of the
industrial concerns in the United
States, On which his associates were
members Of directing boards, and for
which either his New York banking
house or DrexeI 81 Company. Phila-
delphia, which he controls, acts AZ
repositories.
The stupendous character of Mr..
Morgan's financial operations and HIS
world wide influence staggered the
Pujo money trust investigating COM
mtttee today when presented in con-
crete tabulated form by ]. P. Morgan
q Company at the demand OF the
committee. Samuel Untermyer read
the statement in the record whiie
spectators sat in amazed silence
Deals In Billions.
Since 1902 Mr.. Morgan has mar
keted a total OF more than $4,000
100000 securities OF American in
terstate corporations, the wealth OF
this country taking up st.914. 0ao. 900.
He did not submit a statement Of his
profits In these transactions.
Showing his vast control of unlim-
tied wealth, letters were presented
from j. p Morgan. Jr., to James
Sttllman, president OF the National
city bank. and to George F. Baker.
president OF the Fourth National
bank, telling them that Mr. Nor
gan expected each to assume one
fourth of the stock of the Equitable
LII la Is
In 1911 by Mr.. Morgan from Tnona-
as Fortune Ryan. Dir. Morgan. Jr..
wrote that they were to take thiss
stock at cost and per cent interest.
Mr.. Stiiiman did not question the ar
| rangement.
Il hereby confirm your understand
Ing" he wrote. II had the impress
sion that the rate of interest since
the date Of the Ryan purchase was
to be per cent, but whether that
or per cent, l leave entirely to your
father or yourself to decide without
further conference with me-
Agreements Placed ON File.
With the batch Of exhibits fled
were copies of the bankers agree
ment between Morgan & Company
and the Deutsche bank, of Berlin. for
the marketing of the securities OF
the Northern Pacific Railroad conn
pany under the reorganizatio plan
Of 1895.
]. p. Morgan & Company were the
| American fiscal and transfer agents
As reorganization managers under q
voting trust Morgan handled $a45,-
100000 In securities of this railroad.
For this service the railroad paid IA
/ of i per cent. Morgan & Company
got two-thirds Of the amount payable
| to the Deutsche bank.
The total amount of deposits with
L NJ n. 49,
| i, 1912, was sI03. 17T, 603.4S; Nos
vember /, 1912, s1I3.S45,50e. With
DreAei & Company-January /. 1912.
| S43.532. $3.50: November /. 1912.
! s4s.146.31966.
Deposftors with Morgan e. Co.
The interstate corporations having
deposits with J. p. Morgan & Com
pany. upon whose boards the firm Ii
represented. including all other inter-
state corporations upon whose boards
the New York members are represents
ed are as follows: Alaska Develop.
ment and Mineral company; Alaska
Steamship company; Adams Express
company; Alabama Great Southern
Railroad company; Atchison, Topeka
I and Santa Fe Railroad company:
American Telephone and Telegraph
company; Boston and Maine railroad:
Central New England and Railroad
company: Cleveland. Cincinnati, Chi
! cago and ST, Louis Railway company:
] Columbus Hope and Greeasaurg rsis-..
road. Central and South *Amsffenri
Telegraph company: Central Railroad
company. of New Jersey; Chicago and
Erie Railroad company: Chicago
Northwestern Railroad company: Chi
caeo. Indianapolis and Louisville Rail-
road company: Cincinnati. Hamilton
and Dayton Railway company: Dun
| kirk. Allegheny Valley and Pittsburg
Railroad company: Ellenvilie and
Kingston Railroad company; Erie and
| Jersey Railroad company: Erie Rail-
| road company; Fort Wayne. Cincin-
| natl and Louisville Railroad company:
! General Electric company: Gulf. Colo
RADIO and Santa Fe Railway companys
! Hartford and Connecticut Western
/ Railroad company; International Har-
vester company; International Mef-
camille Marine company; Internation-
al Agricultural Corporation; j. q.
White & Company. Incorporated; +. I.
/ Case Threshing Machine company:
Kennicott Mines company. Lake Eric
and Western Railroad company. Loko
| Shore and Michigan Southern Rail-
way company: I.ehigh Valley Railroad
company; Lehigh Valley Railway
/ company: Lamount Cortiss & Conn
pany; Maine Central Railroad conn
| pany: Mexican Telegraph company:
! Michigan Central Railroad company.
Mobile and Ohio Railroad companvs
/ New England Navigation company:
| New England Railroad company: New
| Jersey Junction Railroad Company
New York and Ottawa Railway couDs
| pany; New York Central and Hudson
River Railroad company: New Yark.
Chicago and ST. Louis Railroad con.~
pany: New York. New Haven and
| Hartford Railroad companys NeM
York Ontario and Western RaiIroAl
company. New York. Wewtchexte- Ut
Boston Railway company: NiAearM
Falls Branch Railroad company. ,Nlss
agara Development company: Nla&axX
Falls Power company; NorthMes&&S
Commercial company: kUrtA~s