The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-01-10
Banker Baker Scheduled for an All
Day Quizxlng Today Before the
Money Trust Investlga-
tlon Committee.
FINANCIAL coUPs TOLD
Rockefeller VIII Not Be Prosecuted
on Account Of His Persistent
DodgIng Of the
Summons

UNITED Press Leased Wire Service.J
WASHINGTON, Jan. 10-The attA
tude OF 'big business' toward the
public was detailed again today in
the money trust investigation. George
F. Baker, partner and conf1dant Of j.
Pierpont Morgan, and acknowledged
Morgan's active SUCCESSOR In the
world Of finance frankly exposed the
works" of Wall street machinery.
Bakers testimony disclosed how
the millions of public deposits in New
York's great financial institutions
are used by the powers Of that money
center. He recited details Of the birth
OF many great financial coups OF re-
cent years and the parts played by
the greatest financiers OF the present
generation.
He was scheduled for an all day
quizzing today. At the conclusion Of
the session, the committee planned to
adjourn 1t until next Tuesday, when
other financial leaders will appear.
The examination Of William Rookie
feller of the Standard Oil Company
was scheduled Monday, but private
business OF committeeman and the
absence Of Rockefeller caused post
ponement Of the hearings until Tues
| day. No proceedings against Rockefel-
Ter for failure to appear in response
j to the accepted service of the COM
mittee's subpoena is considered by
the committee, except the appoint
4 af1f 1afa,. ~ ite r,,ryp -
! to examine the millionaire.
Bakers testimony today was the
second important climax of the mon
ey trust Investigation Through Baker,
Attorney Untermyer sought to show
4 how the dollars of Baker, Morgan,
Sillman, Fl. P Dawson and a few
other multi-millionaires. permeate the
greatest railroad, banking and induv,
trial interest of the nation.
Bakers opinion on alleged abuses
of finance stock manipulation, bank
Ownership, "interlocking directorates''
and fiscal exploitation was continual
ly sought by Untermyer
Resuming. his testimony today
Baker volunteered:
! Il never have become director, or
a trustee at my own solicitation"
do you know how many director
ships you are in?" Untermyer asked.
No, l don't" the banker admitted.
/ Probably twenty-five or more"
Baker submitted list showing that
he and his bank officers are directors
of eighty eight business and financial
corporations. It also showed that Of
ficers of the First National bank and
]. P. Morgan and Company were off,
GERS of thirty-seven great firms.
Disclosure Of all pools, syndicates
and promotions in which the First
National bank and the First Securities
1 Company were involved in recent
years, was refused by Baker.
'On advice of counsel we consider
that information private and conf
/! dential,' Baker declared. Il am ad-
!. vised the committee has no right to
inquire into these affairs"
/ Baker insisted that this Informs
tion is now in the hands OF the con-
troller Of the currency. He and hts
attorneys held a long conference The
committee passed the question until
/ the later
The First National banks deposits
average 100000 900. Baker said. On
November l last year 14s corporations
had $29,676,000 on deposit.
Would publicity of assets elimf
1 (Cnntfnnna