Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1913-01-15

siders' received large requests fo
subscriptions Of the stock, but h
know that before the stock was alloi
ted the price had gone to S115 0
s12O per $40 shares.
About $sf5.O0O,0OO Of offers, d,
said, were received for The $4,000,
600 Of stock.
Mr.. Burrage could not remember
details of operations by which Anal
gamated took over Boston ad Mon
tana and Butte and Boston. Boston
and Butte, Mr.. Burrage said, was ac-
cumuIated on his advice. Later. he
said, the Globe bank Of Boston failed,
holding large block OF Boston and
Montana stock. Just prior to the
failure, he said, Mr. Lawson conduct
ed a vigorous advertising campaign
"bulling" Butte and Boston and
bearing" Boston and Montana. Mr.
Burrage said he had taken no part
in negotiations by which the Amalga-
mated organizers secured the Boston
and Montana stock held BY the Globe
bank He did not believe the Law
son advertising campaign had any re-
lation to the Globe failure.
Mr.. Burrage said that Butte and
Boston stock was exchanged for
Amalgamated, at rate Of four
shares of Amalgamated for one Of
Brtte and Boston, with Amalgamated
at 13O Butte-Montana, he said, was
exchanged share for share with
Ama!gamated in the merger.
Mr.. Untermyer asked if Mr.. Rog-
ers and Mr.. Rockefeller had not ac-
quired Butte and Boston and Butte
and Montana and had then as direc-
tors Of the Amalgamated voted to buy
this stock for themselves, but Mr..
Burrage did not remember.
But you know that the value Of
these stocks increased from sS0,OOO,-
900 to s1o4, 100000 when they were
transferred to the Amalgamated?"
"Yes,-a profit for those who held
the shares answered Mr. Burrage.
Mr.. Burrage said that in 1904 he /
ordered all his papers and accounts
destroyed because Mr. Lawson, and
Mr. Rogers were engaged in an alter.
cation.
"They were both friends Of mine
and l did not wish to become in
said Mr.. Burrage.
With the conclusion Of his exami-
nation the committee recessed for
lunch.
Rockefeller in Bad Health.
Although suffering from shaking
palsy and unable to speak above a
William Rockefeller would
,e able to undergo a brief examlna- s
ion" before the house money trust I
committee if his testimony is OF y
paramount Importance" SO Or. G. s
u. Richardson told the committee i
oday. He said that to submit the oil Z
nagnate to prolonged questioning 5
night cause hemorrhage or
yelling Of the larynx which d
Fould stop his breathing. p
While DR.. Richardson and Albert R
!. Burrage, who was concerned in Nv
he reorganization of the Amalgamat- a
d copper company, testified, a list G
( financial leaders waited to be t,
allied. They were President Hines
( the National City Bank Of New
-ork, George w. Perkins, Thomas NJ.
amont, It. P. Dawson and George p
! Baker, Jr.. the latter a son Of the Il
sading figure in the First National fo
ank. The committee will take up ri
le question of whether Mr. Rookie d,
sller is to be examined Al an execu- hi
We meeting late today Vi
MI Perkins was the first to take SC
le stand when the committee resum- to
/ the hearing. Samuel untermyer,
,unsel for the committee asked: Il
What is your present occupation? 81
Well. am student Just now, "
lswered Mr. Perkins, with a smile "
also spend considerable time testi-
ing before congressional commit
es
Mr. Perkins told Of having beeen NJ
member Of the firm Of J. P. Morgan el
Id Company and of his connection II
ith the United States Steel corpora Of
on. He was still a director and ii
ember of the finance committee Of in
le corporation, he said. and had "
'eat deal to do with Its business or ci
lnizahan after it was formed. MT. ce
erkins Is director Of the Steel cor th
'ration and the international Har re
lstef company to
Aa Samuel untermyef, counsel for
g committee, began 70 question