The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1913-01-14

sFaad hs need fof tae wHy hnancisr
THe remainder 81 tle testimony 0h
taas point s extremely interesting
What ae Yen understand b a
money tFast Mr Ua con.
liHaed.
Fl gTe il uD ! 90 not kH0w. said
sIr Baker With q ehuckle
Then yoa DO cot knox whether
there is one or not do yoa~ demand
si Mr. untermeyer
NO, ] do not ! do not take much
interest in that"
DO yOu think there e any kind Of
trust IN anythiag~ queried the law
yer
~That is what they can them. all
sheae combinations said the witness.
There are some aren't ihera?
They call them that; yes. sir
and whether or not there is a
money trust you would not like to
say"
No
Suppose" said Mr. Untermeyer,
I'VE define a money trust as an estab-
Iished identity and community Of in.
terest between a few leaders Of finance
which has been created and Is held
together through stockhoIdings, inter
locking directorates and ether forms
Of domination over banks. trust com.
Daniea, railroads, public service and
industrial corporations and which has
resulted IN vast and growing concen-
tration and control OF money and
credit ID the hands Of a comparative
ly few men Taking that definition,
IS there any doubt of the fact that
there has been Of late years a vast and
growing concentration Of credits IN
ta hands of a few meng1
Well there Is great amount OF
money that has come together. more
or leas concentrated. replied Mr
Baker after a pause.
There have been great mergers Of
financial institutions, have there not?"
asked Mr.. Untermeyer.
Yes, sir"
n suppose you would see no karin,
'aie Mr.. untermeyer, in having the
control Of credit as represented by
ne control Of banks and trust com.
lanies still further concentrated? Do
lol think that would be dangerous"
Mr. Baker pondered the question for
! time and then answered:
= think it has gone about far
you think It would be dangerous
p 90 farther?'
1T might not be dangerous. but
Itlll it has gone about far enough In
good hands do not say that il would
Is any harm"
II It got into bad hands It would
wreck the country demanded Mr.
-nternieyer.
Yes. but | do not believe it could |
81. into bad hands
You admit, persisted Mr.. Inter.
meyer chat if this concentration to
he point to which it has now gone,
gere by any accident to get into bad
lands it would wreck the country?"
i can not imagine such situation,
the witness.
4 thought you said so.
= said it would be bad explained
he witness vigorously. But I do not
hink it would wreck the country. n
10 not think bad hands could manage /
4 They could not retain the depos-
Is nor the securities"
! am not speaking OF incompetent 7
lands, said Mr.. Untermeyer. I'VE I
re speaking OF this concentration
which has come about and the power
bat il brings with it, getting into the
lands Of very ambitious men, perhaps
sot overscrupulous. You see peril
IA that, do you2"
Yes, answered Mr. Baker.
so that the safety, If you think
here is any safety in the situation,
.eally lies in the personnel OF the
nen?"
Very much
do you think" demanded the law.
fear, that is very comfortable sit
iation for great country to be in~
Not entirely" said Mr.. Baker very
lowly.
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