The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-05-30

eeaveoo ee New Haven Securities.
New York. Nay 3s.-J. p. Morgan
ten1ght characterized a. untrue the
teseinony Of Charles 9. Msllsn. for.
mtr head Of the New York. New
'laavsa Z Hartford railroad. before the
iAeosBtats commerce commission In
WadhlnGton last week that J. PIER
Deat Morgan concealed from Mr.. Mel
~ fasts rssardins the New Haven
r6a1 which Mr. Aellsn should have
hAsasn.
nr. Morgan offered to produce be-
fess any proper tribunal at any time
~ rsoor1s Of J. p. Morgan d Co..
a. the personal records OF his
fn&hsr.
The staAsmsnt Was his first direct
vepsy 10 AGr. Msllsn's Warrington tes-
tsnony. which hs examined. he said,
nun : stsaosraphie report. The state
nAat rad:
- becams Q director Of the New
l1owSn railroad In April. 1919. and
r61lgnsA December 81 Of tho same
yeAk. The only reference to me per-
san6lly In Mr. Nslisns' testimony has
. - with the fact that I. a. d.
ypctee Of the company. called upon
~ anA told him that . change in
~ psslidsncy was desirable. For
toAA act. stthsr - director or an In
A1vIoual. accept full rssponsibiiity.
~ "1ls. Msllsn. In substance charges
U,fathss with having concealed from
~ facts which the president Of the
epopanS should have known. Dur
~ the iast ten years Of my fathers
NJ ~ vas abroad more than one
t11r1 q the time. During the LAM
thres ySars of'his life hs Wa Abroad
eNs-hAlf Of the time. He was actively
seaasctsd during this whole period
Wish many dilRsrent aAairs. That hS
would have had the tiuss. even II he
"a the desire, to interfere actively In
~ saanassment OF the New Haven
- sinpessibis s,sga II
TT. Msllsn 10 right IN bicturins
NJ fathers deep interest IN New
Haven AfIairs. NY father was bern
A;Nbv, pnsiand ssaa~ believed in the
New Haven sailread. He recognised
asscthsrs have recognized. that with
~. .wAtftink Of the. centre Of. popula-
en. ia.a ~ country and the changing
SSencmic conditions. the commercia
pentions New Dpsland was threat.
-. ana that . change in this com.
hssee>Ai pes,tion would. unless an ef.
lert we're made to counteract II. re
t3k - IN, pnfavorsbls effect upor
No Ensland's leading railroad. HI
un1oubtsdly believed that . railroad
peculiarly situated ~ 10 the New
uavsn. with . growing passenger traf.
- q very low rates and with ex.
1ene1vs improvements required al
a11pg - lins. must make every effort
~ IAeesass IL trafl'c and maintain
- Dseosies.
ssss1zs bSaisvsd, moreover. that the
NV Haven and Boston 4 Maine
svhteh we're not In HE opinion In any
eoDs sonDsting lines. could be op-
psAae1 70 The bsnsnt Of New England
ners a1vantassousiy together than
aDaSt end that no harm could come
- sAe public from this amalgamation
~ rsason of the full nsasure of State
- naeioasI regulation which the
hwo Afforded. I am quite ready ia
beh1svA also. that he agreed with
~. hsllsn that the entrance Of the
drama Trunk railway into Providence
Wooki hGvs involved the unnecessary
Suplseatioa OF facilities for which the
New Ensiand public sooner or later
weuh have to pay. Both the impu-
saasoa that my father In any sense
teek the management Of the railroad
Or any part Of its affairs out Of the
hands Of the president In untrue.
"On March .. 1910. our firm made
pubsic letter. showing In detail the
vocal net pront from every source to
the hrm Of J. r. Morgan q Co. or
70 any Of its members. growing out
of transactions OF any kind whatever,
connected with the New Haven lines.
for . period Of 20 years. Those total
net pronts amounted to approximately
$4,000. which included their COM
psnsasion for handling alone. or In
connection with others. securities
with the par value OF 3333. 1000. 900.
The record OF my hrm and the
personal records Of my father are In
TACT: they are available and ready for
production before any proper tribunal
~ any time
AYtUA A. ranu su.w,o s,6~ Nrp.a~,