Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-02-07
PLACE
VIM. ROCKEFELLER
ON GRILL TODAY
Pujo and Untermyer
Examine Him at
Jekyl Island.
TO WREST FROM HIM TALE
OF "FRENZIED FINANCE"
Will Also Question Sick Money
King About AnaIgamated
Copper Romance.


BRUNSWICK. Ca. Feb. The
government money trust inquisitors
came to Brunswick today to at
tempt to wrest from the aged William
Rockefeler's lips the secrets of his
financial career as the active agent
of the so-called Standard Oil group
of bankers.
Representative Arse1e F. Pujo,
chairman of the House money trust
committee, and Samuel Untermyer,
the committees lawyer, with a reti-
nue. of clerks, came with the direct
authority of the investigating COM
mittee to hear the 72-year-old witness
in his refuge. Jekyl Island.
After fleeing squads of subpoena
servers for six months, from New
York to the islands of che Caribbean.
the Standard Oil magnate, palsied
and almost voiceless, agreed to pre-
sent himself for such examination as
bis physician and lawyers would al
low. His lawyer, John p. CARRIER, of
New York, who came South yester-
day. was on hand to guard the finan-
cier's interests.
Neither Mr.. Pujo nor Mr.. Inter
myer was inclined to subject the en-
feebled witness to a grilling that
would harmfully affect his health.
They agreed that the examination
of Mr.. Rockefeller in his apartments
overlooking the sea would be brief
and to the point.
Two incidents in the financial ca
reer of Mr.. Rockefeller were the
IL. aI.4 fl,o{ da6
in todays visit to JelSyl Island. Mr..
Untermyer wanted to get into the
record the history Of the so-called
"frenzied finance organization of the
Amalgamated Copper Company in
1901 and the romance of the transac-
tions In Amalgamated stock in 1906
and 1907. when the securities, after a
dizzy climb to about 120 points,
dropped to AZ.
I william Rockefeller with the late
h.. H. f.ogers, Maseus DAILY,
Thomas Lawson and others. organ
lied the Amalgamated Company, ac-
cording to testimony already before
the committee. acquiring the stock of
Boston and Montana, Butte and Bos-
ton and other copper producing COM
panies, which were later soldt>to the
new concern at big incresse in
price. Mr.. Untermyer wanted The de-
tails of this deal from the Standard
Oil magnate himself.
Other testimony before the COM
mittee showed that in 1907 the United
Metals Selling Company, controlled
by MIR Rockefeller and Mr.. Rogers,
which handled for the producers
about 90 per cent of the country's
copper output. held back the bulk of
the product from sale. maintaining
the price of the metal at 25 cents
pound.
Meantime on the stock exchange
dealings in Amalgamated were active
at high prices. In october the metal
was released, the price dropped to IL
cents and Amalgamated stock in
falling market. dropped to az. The
relation between the corner of the
United Metals Selling Company and
the vigorous campaign in Amalga-
mated in the stock market was what
Mr.. Untermyer wanted to get from
Mr.. Rockefeller
From Brunswick Mr.. Untermyer
will continue south to Palm Beach,
Fla. where he will spend two weeks
framing his report on the money
trust investigation, The report will
probably reach Washington during
the last week of the present session
of Congress. Before then, however,
there will be meeting of the com
.mittee at which a statistician will
develop further. from the evidence,
=. Untermyer's chart purporting to
show control by New York, Boston
and Chicago concerns through inter-
locking directors