Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-01-10
$4,000, 600 PROFIT
MADE IN SO YEARS

CONTINUED from Page Onc)
ing trustees of the Guarantee Trust
o., himself, w. II. Fofter and II. p.
Dawson had never held meeting.
What may become a test III the
courts of the power of the committee
in investigating the affairs of the
national banks developed. today, when
the committee and the House. unani
mously directed the Speaker to certify
to the district attorney of the District
of Columbia the case of George C.
Henry, the New York banker who're
fused To disulges thegpam of national
bank officers who profited by the flota-
ton of ecalif@niH petroleum stock
TljaS District III torney will be asked
kSN fSgdted against Mr.. Henry for con-.
"a stii Acu5sing voting trust agreementsl
u Baker said that the election of di-
qfS by the voting trust of the Guar
n Co. was purely Formal
seThen he directors are a self-perpet-
hatins &boay?. asked Mr. Untermyer
Yer keplied the witness Things are
606 H'sNew York that way without
q consideration. If a corporation is
&Iong all right and is paying dvi-
4herefis no question about the re-
ef the directors.
MA&ker stated that his bank and j.
p organ & Co had three directors in
tn tionai Bank of Commerce.
xokArs Stock owninss
ks object to giving the list
IL Nj holdings in the various
companies in New
= 49,: Mr.. Untermyer. Eyes. .
EnAess with some empha-
pmmittee has no more
&han with my tailor S
z&As
g3ss ncern Of Congress
lie bank controls an
otMr sRf Wei n 30, see no reason
why en& ~: not control an
otnssss fne {eQancier
sx4R with the wit
teskfAh9 aIter a confer
- ~ szssssSt r faker hhaiiy
sS z*9sHst. re satu that
&32<{$z |2 "a ~ 3pAatasA tue Naeioha'
&*3 Ezs KS E. Ri spafes IN the
5z1sz:5 Is ia - bankers
49, s = - New ork
80 81 35= I'D a. dn4 trust, ana
zs3s$s< ga A. H \ u 49, IN
u g y PIX Mp ffn< ac quisltion
"A zzS3 81 a. s.&Ntiohai Bank
b Va 4 ~ Z w a n Z. isaKer ana
4 |=sZ * ky ~ Il q u ~ ana
2I |Esss3S44S1 AZ ~ 4 sar. DaheI
.the oe-
~ 5 ls ~ - ''la' ne anu
Zz32 zi5E 22s35,Hh haa con-
a 81 1870 stoc IVA :
81 III ia dlt3f}Ed< ~ f,,1rcbase 4 mart
kwent to MYaS IL 2S5 Mr. Baker safa
The p,,rcha III ~ &fs,6k nf tl,,s Eouist
able ASSURANCES B NJ sbv Mr. Mt,rga,,
with a eotitis,pei1fs sj;iYpfpgt bv Mr. stlr.
man also was sflisfA,Ssed e q ~ q
.Oh. Mr5 Stillr3A,, ~ iii .sinst baekea
up Mr. Morgan I'M ohexSuf tilose Chart
able things he is pfon,ssfl,i III do ;, said
Mr.. Baker inSexplainilg EkF transaction
Mr.. untermyerselft&1d that an attempt
was now being made to rilutualfze the
company and have the policyholders take
over the stock interest at the price Mr.
Morgan paid for It. Mr.. Baker said that
he did not believe, from his experience
with mutual Insurance companies. ..ai
the naturalization would change the man.
agement and control of the company. He
further stated that he had never beer
asked to take over the one-fourth inter.
est In the Equitable stock he agreed Il
take.
Mr.. Baker admitted that he and Mr.
Morgan and Mr. Stiliman consulted FIRE.
quently about large financial operation.
and that he and Mr.. Morgan were in
terested In many vast financial enter,
prses but that he could not say jus
how many.
Mr.. Bakers Directorsbin.
In answer to further questions. Mr. IA.