Sfe Meirtlle fafte fe.
THE ASSOCIATED
PRESS
DISPATCHES
LAST EDITION
4:00 P. M.
Weather Forecast:
RAIN.
VOL. XVII. NO. 110.
ASHEVILLE, N .0., FRIDAY AFTERNOON, JUNE 14, 1912.
Sc PER COPY
FEAR GROW ING
OFG.O.P.WdECK
Rains Checking
Federal Advance
IlLECE II PLOT
Back to Stage
After Marriage
RIOTERS SHOT;
ONE IS SLAIN
HUD
Roosevelt Men Point to Death
of Old Whig Party to
g Parallel Present
Conditions.
ROOSEVELT'S COMING
UPPERMOST THEME
La Follette, With His 36 Dele
gates, Seems Almost Cer
tain to Hold Bal-
ance of Power.
!
Chicago, June 14. Delegates to the
republican national convention, In an
ticipation of Roosevelt's coming to
Chicago and the history-making epi
sode In American politics that Is ex
pected to occur, today went back to
the first nomination of Lincoln in ef
forts to find a parallel for the tight
being waged here. Roosevelt men
point to the death of the ol whig
party as their theory of what may
happen here next week. Taft leaders,
declaring the action of the national
inmmlttce In seating Roosevelt dele
gates from Missouri was Indicative of
Its fairness, laughed at the predictions
of the Roosevelt followers and talk of
a bolt.
Roosevelt managers announced that
if all remaining contests be decided
for Taft, he will lack fourteen voteB
of the number necessary to nominate.
These figures and other compiled,
brought the situation down to a point,
where in the discussion of a dead
lock, a possible "dark horse" looked
large. The fight for the uninstructed
delegates, the Bouthern delegates and
the 36 LaFollette delegates from Wis
consin and North Dakota today be
came more determined, every possi
ble argument being used by both
sides to win them. Roosevelt men di
rected a concerted effort toward the
southerners in atempting to make
them believe they would represent a
certain majority against Taft's side.
LaFollette Holds Balance of Power.
The LaFollette delegation looms larg
er thMi esse s a -amUa;! tVm JfcTatt
is not in actual control of the conven
tion from start to finish. LaFollette
will hold the balance of power. Wal
ter L. Houser, LaCollette's manager,
repeated his assertion that tho La
Follette delegation would avoid com
bination with another candidate and
that it was lookli..; ahead only to the
senator's political future and the suc
cess of the policies he has advocated
In his fight through the various state
primaries. Many Roosevelt leaders
( nnrede tho improbability of his nom
ination on the first ballot, but at the
same time say Taft cannot muster
enough votes to adopt the report of
the committee un credentials, whlih
It Is admitted by mauy will be similar
to that of the national committee.
Here Is the point where they claim
the Taft ship may go on the rocks.
Great Interest today centered In the
coming of Senator Root, booked by
the Taft Torccs to be temporary and
permanent chairman of the conven
tion. Nearly two hours of acrimonious
argument at the forenoon session of
the republican national eomrcilttee re
sulted In two delegates from a single
I'klahotna district going to Taft. The
Issues .hinged upon the regularity of
rival conventions at Tuls.i, Roosevelt
delegates appearing as contestants.
The decision was by a viva voce vote.
oommltte then quickly disposed I
The
of the first South Carolina district, In
which regular and contesting dele
Rates were both composed of Taft
supporter. Of the contestants, Thos.
L Grant of Charleston and A. A. Prlo
leau of Hutnwvllle were seated. The
first Tennessee district was then taken
up.
The first Tenni.-Hiee contest was a
factional tight, I nth delegations be
ing for Taft. The Soils faction was
seated. In the second district the
contesting Taft delegates were seat
ed over the Roosevelt contestants.
Consideration of the Tourth North
Carolina contest was postponed tem
porarily. Both delegations are for
Taft.
Senator Dixon was jubilant today
over the contest result and resumed
his attack on Taft leaders. He charg
ed that "a certain outhern national
nimnilltnnmnn" hnH hoen liromtSPd
his son-in-law would be made post-
iimHier in a soutnern cny u
will I
consistently ride the stream roller.
Twelve delegates for Colonel Roose
velt and 18 for President Taft marked
yesterday' gains of the two chief
rival for the republican preildentlal
nomination, from the daclslrtn of con-
si case by the republican national
committee. In addition the commit-
eo Bellied dispute liolwccn rival
Roosevelt faction In two district of MkM, aho(lt rhlctt(f0 re,,orU that he
rvorth Carolina, thus clearing the h() f)f)en mentned a possible
colonel's title to vote from those rMpmm nominee for the preel
ection. Idcnoy. that he wa completely out of
it was a day of Roosevelt victories .... .., , ,,, ,..,., ,,,
, - , ,
"ui virione aenieveo wun me mo
'iieaence or in lait nmjurnj i
toe national oommlttee.
Missouri' contests, which threat
ened it battle between tho Taft and
KooMvelt faction In which the line
would be closely drawn, were com
promised so effectively that the com
mittee was unanimous In giving Col.
Itooeavelt eight and Taft lx of the
contorted delegate from that state.
raft, two each from the ec- Ids, and L U. Diny and Patrick
id, fourth, sixth, seventh and , uore of Oklahoma. Ilooevelt adher
Mlulaatppl district, two each lent, on. the other, occurred today
ie third, seventh and fhur- nould of the room of th national
Mlmourt district. Total II. committee after Ih hearing In the
Continued on ua I.I I third Oklahoma district contest.
ROOSEVELT GOES
TO STQRM CENTER
Leaves New York for Chicago
at 5:30 O'clock This
Afternoon.
New York, June 14. -Col. Roosevelt
announced at noon today that he
would leave at 5:30 o'clock this after
noon for Chicago.
Colonel Roosevelt arronuced on
his arrival at his editorial office
here today that the matter of
his going to Chicago Is still open
to question. He remained up until a
late hour last night, hearing reports
from his campaign managers.
Before going to his olllce fhe colonel
purchased a new campaign hat. The
opinion prevails that he will depart
late today for Chicago.
Chicago, June 14. Senator Dixon,
after a long-distance talk with Roose
velt, said this morning: "I have a no
tion that Mr. Roosevelt is going to pay
us a visit very soon."
Sir PRESIDENT MISUSED
HIS FUND FOR TRAVEL
Bitter Attack on the President
During Debate on Ap
propriation. Washington, June 14. Charging
that President Taft had misused the
$25,000 traveling expense fund voted
yearly by congress, Chairman Fitz
gerald of the house appropriation
committee, yesterday bitterly attack
ed the president during consideration
of the sundry civil appropriation bill.
He declared the president on Ills re-if-uK
western trip had mulcted the
accompanying newspaper and secret
service men In spite of protests to
bolster his depleted funds.
"It is deplorable," he said, "to have
to state these facts to this houso and
to tho country."
Mr. Fitzgerald declared, however,
he would vote i or the item, which
was eventually adopted 78 to 55. lie
said that he believed it would "pay
the democratic party and tho country
if the preddent travelled the year
round." Ho then referred directly to
the president's western trip.
"What happened in order to enable
him to take this trip?" ho demanded.
"The cost of a special train to be
utilized by the president in that trip
was figured out iir udvance. The pro
rata cost of each person was figured
out and every newspaper man who
accompanied that train was required
to pay $1,500, to pay for his ex
penses. Out of the fund for the sup
pression of counterfeiting and the
protection of the president (.1 the
United States $4500 was taken to de
fray the expenses upon the train Of
three employes of the secret service,
against the protest of the acting chief
of the secret aervlce that to do so
would create a dellciency In that ap
propriation." Former Speaker Cannon, Reprcscn-
tatlve Glllet of Massachusetts and
Representative nnericy oi iveiuucny,
democrats, argued In favor of the
Item. They argued that it was neces
sary that the president fee the coun
try, and that the country see the
president. Representative Page of
North Carolina, democrat, who offer
ed the amendment striking out the
appropriation, declared the money
was being voted In order to enable
"gatherings at county fairs to exhibit
the president of the United States."
HUGHES WILL HOT ENTER
THE PRESIDENTIAL RACE
'ggys He Won't in Any Cir-
cumstances Permit Use
of Hi Name.
N York. June 14. Justice Cha.
R iu,he of the United Slates flu
,,, ,.,. rpl,.riM i.P wh,.,.
r n ...... ......... . ......
Q( n
lis name In any circumtance..
THREE IN FISTFIGHT
(me Taft Ma" and Two Roosevelt
( supporter- Ml After Commit
tee ' I oo
Chicago. June 14. A flt tight be
tween United State Marshal Vhtor of
nV'tahomn. a Taft supporter, on one
GEMERAL A. RABAGO a
Chihuahua, June 14 Federals have
taken possession of Pearson, Mexico,
the location of one of the bis lumber
mills of the P. S. Pearson company.
The rebels after repulsing the feder
als the first day withdrew and the fed
erals are now in possession.
Rebel scoutB are still keeping a
close watch west of Chihuahua to
:;uard against a surprise from the fed
eral cavalry, none of which they have
located as yet
Gen. Huerta Is being hampered In
his northern march toward Chihua
hua by the heavy rains, which are
washing out some of his temporarily
reconstructed bridges.
Gen. Orozco has ordered the rebels
to cease hanging federal prisoners,
lie thinks the present situation in
Mexico will be brought strongly to
the front during fhe consideration of
the .claims now le)ng . pressud befero
congress' for damages for Americans
who were killed in El Paso a year ago
by bullets from Juarez during the
three day battle between the federals
defending the city and the Madero
forces attacking.
T TB LEGISLATE
OUT JUDGES DENIED
legal Question Arises as to
Latest Attack on Com
merce Court.
Washington, Juno 14. Tho right of
ongross to "recall" the Judges of the
commerce court by legislating to re
duce the number of circuit judges by
five, as contemplated by the senate,
presents a flno question of law which
may reach the Supreme court of the
r nltod States, according to. officials of
the department of justice.
A high official of the department
declared that congress could not thus
legislate the live judges out of office
in' view of the constitutional provision
that federal judges shall hold office
during good behavior. In establish
ing the commerce court, congress in
creased the number of circuit Judges
by live and stipulated that that num
ber should periodically be assigned to
the commerce court. The right of
congress to abolish the court Is not
questioned but many officials strongly
hold to the view that thco five judge
once appointed cannot be deposed un
les the circuit courts of appeal
where they serve, In addition to their
duties on the commerce court, are
ubandoned.
The line, however. Is sharply
drawn, many lawyers In congress
claiming that these Judges were creat
ed for the commerce court and In
abolishing their functions there the
Judge likewise are deposed.
Official of the department of Ju
tlce point out that In case congress
flucceeda In abolishing the commerce
court Judges they may continue their
duties as circuit Judges and sue for
their salary through the court of
claims and, If necessary, appeal to the
Supreme court, where the Intricate
problem would he determined.
TWO-THIRDS AND UNIT
RULES ARE TO STAND
Baltimore, June 14. Chairman
Mack and other democratic national
committeemen gathering her ex
pressed the opinion today that no
move would be made to abrogate
either tho unit or two-thirds rule.
Campaign to I,nvor Meal Prices.
Nw York, June 14. The cruade
bring wased by the militant houne
wive ngnlnat K'shcr meat hop In
the campaign to lower price ha
pread from Brooklyn to tho at
Ide. which already I turnlnc to veg-
It. Rast side wo-
a houae-tn-hnue
h5 pur-
meat.
Bitter Charges and Counter
Charges in House Debate
on Army Appropri
ation Bill.
AMENDMENT ADOPTED
OUSTING STAFF CHIEF
Name of the Late Senator Han-
na Dragged Into Acri
monious Discussion
Story of Threat.
Washington, June 14. Startling
charges of Intrigue against Major
General Leonard Wood, chief of staff
of the army, begun by the late Sena
..... . . 1 1. ...... i i . ..it i
iuj .vmn ub ix. iimiii.i iiiiu iei aiive ii ,
his friends were only part of a series
of sensations which attended the
adoption by the house yesterday of
v- :.... i tit, '..
the army aonrom-liition bill confer
ence report.
References to
western senator
senator
whose son-in-law, Brigadier General
Pershing, would be one of the first
officers In line for appointment to
i General Wood's ofliee II President Taft
.signs the bill which carries an amend.
!ment to depose the chief of staff; al
lusions to Major General Charles P.
Humphrey, as "the agent for the pow
der trust;" and to Henator Dupont's
former connection with the powder
business, furnished other Incidents in
what perhaps was as stormy an after
noon as the house had seen In many a
day.
Nevertheless, In spite of a vain fight
led by Representatives Prince, Cooper
and Martin the house adopted the
report, which had been approved by
its conferees and accepted by the sen
ate, and If President Taft signs the
bill, as It is said he will, General Wood
will bo removed from his office on
March 4, 1913, and" the retention or
disposal of many army posts which
the war department has characterized
a useless, will jfcgl oft to a commie
em n.
Representative Prince began the
fight against' the report Uy character
izing It as "Insult to the army, the
bouse and the country" and in the
debate which followed Representative
Cooper brought In the name of Sena
tor Hnnnn.
"Malignantly Misrepresented."
"In all my puldlc career," Mr.
Cooper said, "I know of 'no officer who
has been bo malignantly misrepresent
ed as General Wood. I was told on
the very best authority that when
Oeneral Wood was in charge of affairs
in t'uha. a certain senator asked him
what he proposed to do about Major
liathbone, director of posts of Cuba
then involved In the postal frauds.
" 'Senator,' responded Wood, 'I pro
pose to prosecute him.
" 'Do that Wood,' replied the sena
tor, 'and I will see to It that you never
rise higher than captain in the ser
vice.' "
"Since that time," continued Mr.
Cooper, "that senator and his power
ful friends have hounded him."
The Interchange which followed
brought in the name of Senator Han
na Representative Martin of Colorado
Tollowed with an attack upon one of
the senate conferees, and pointed out
that among the army posts which the
war department proposed to abolish,
but which would now be left to the
rllsnosnl of a commission was Fort
Russell Wyo., he also made reference
to Brigadier General Pershing and His
rapid rise In the army
The general
a son-in-law of Senator Warren of
Wyoming, chairman of the senate ap
propriation committee, former chair
man of the senate military affairs
committee and one of the conferees on
the bill.
Undoubtedly there are gentlemen
whose condition would be Improved If
General Wood were legislated out of
office," said Mr. Martin. "Men In
the army who ale sons-in-law of legis
lators and who have been allowed to
Jump 700 numbers over the head of
other officer to a brigadier general
hip, would have a better chance of
promotion If a man of General Wood
tvne were dlsquallliud." He referred
to General Wood a "the bet man In
thc American army today."
In the names of tne commission or
retired officer wnlch would dispose of
the posts, was that of General Humph
rcy and Mr. Martin demanded to know
if tho general had advleed the house
conforee. Chairman Hay of the mil-
Itary affair committee admitted It
wa so.
"Well," v retorted Representative
Martin, "General llumphroy as you
well know I the agent for the pow
ler trust."
Representative Cooper Interrupted
to ask 'if Senator Impont had not
been one of the senate conferee on
the bill. Chairman Hay replied that
the senator repeatedly had declared he
had 'severed his connection with the
Dupont Pnwdtr company when he en
tered public life.
Minority Leader Mann agreed with
Mr. Martin' view n-gat-ding General
Humphrey.
"With hi connection with a concern
that ll lupplle to the army we
would cast odium upon ouraelve If we
were to appoint him." he aid.
Hu. h
an appointment would be contrary to
all sense of Juatlce.
When the supporter of tho bill got
their Inning Chairman Lay declared
General Wood' removal wa for the
good of the army and that the general
(OnnttnuM on pag t.)
-mm 1 1 aiRe-pk-IlL.
!NBi tt I i
CLAUDA CARCSTEDT
It has just been revealed that two
women, after having forsaken tho
footlights, amid scenery similar to
that in their heaped up marital
troubles and have listened to the call
, ,. ' , ,, . .
, t the stage. They havo decided to
view
the audiences from the other
side of the footlights amid scenery
side of th
similar to
that In which they have
spent their years of married life
Mrs. Albert Gallatin Wheeler, noted
lor her velvet brown eyes, her win
some smile and for her mellifluous
voice, is one of the two who have de
cided that after all they will go back
to the footlights.
The other woman who says she will
go to work again Is Mrs. Conway
Terle, formerly Josephine Park, whose
husband now is in Europe. He was
with Louis Mann last season.
BY ROOSEVELT MEN
Confidence Is Expressed That
Root Will Be Defeated
for Chairman.
Special to The Gazette-News.
Chicago, June 14. Roosevelt prob
ably will strike town tomorrow. It Is
inside gossip that the colonel will
come feeling like a bull moose and
that there will be a monster demon
stration at the auditorium Monday.
The Philadelphia North American,
pro-Roosevelt, says that the result of
the Missouri contests show the com
mittee is weakening and that the Taft
forces have begun to disintegrate.
The national committee yesterday
disposed of the contests in the third
and ninth North Carolina districts.
Mr. Duncan made a brief statement
to the effect that while there had been
some internal party disturbance he
fell that the claims of Messrs. Butler
and Robinson were superior and ho
suggested the placing of their names
on the temporary roll. Mr. Duncan
also stated that while some of tho
delegates to the ninth district conven
tion felt that they had been denied
minority representation, still Messrs.
McNineh and Green were obviously
entitled to their seats and the com
mittee acted in accordance with this
suggestion.
Consideration of the
fourth district contest was postponed
as It was understood J. C. L. Harris
would come here to present hi case
in person
A spirit of optimism prevades the
Roosevelt ranks. Confidence was ex
pressed that Root would he defeated
for temporary chairman, while great
significance wa attached to the
declaration of men of prominence
from various states where presiden
tial preference prlmnrie had been
held that the republican of these
republican states looked upon this
convention as a mere Incident of par
ty procedure and that the elector
would vote for Roosevelt no matter
what happened. The fact that the
national committee has given Rooe-
velt one delegate from Kentucky and
tho delegates-at-large from Missouri,
Is generally discussed In terms of
derision. In the opinion of men like
Borah the Taft majority has merely
hesitated, for the moment, to com-
mil grand larceny and they feel that
this feint In the direction of honesty
preliminary to the execution of de
nlgna upon most of the Texas dele
gate. Senator Borah told the writer
that the Taft majority hnd adjourned
rather unexpectedly yesterday after
noon mainly with a view to reforming
their lines because some of the Taft
member have grown restive, not to
' ray recalcitrant under the proposal to
teal the date of Washington.
Cuban ItebelM lofeted.
Santiago, Cuba, June 14. Cuban
force cummanded by General Vali
ent and Captain DellJadn encountered
Insurgent under Generala Eatenoi and
Ivonet at Jarsbiieca, 18 mile to th
north oi Santiago. The regular com-
pietely routed th,. insurgent, killing
and wounding many and capturing
100 horae and a large quantity of
ammunition and (uppllea. A pocket
book containing a photograph of Es
teno's wife and license laued to
Katenof to carry rm were picked up
on the field.
OPTIMISM
SHOWN
GERMAN SQUADRON
HOMEWARD BOUND
Officers and Men Pleased With
Their Reception in
America.
New York, June 14. Admiral von
Reuber-Paschwltz, with the three
lighting ships of the German imperial
navy, which have been lying In Amer
ican waters for 10 days, passed out of
New Yorki harbor yesterday after a
visit which will be memorable on both
Sides of the Atlantic.
The great dreadnaught cruiser Mol
tke, one of the swiftest warships in
the world, with the smaller cruiser
Stettin, after leaving the escort of
United States battleships, which ac
companied them out to sea, steamed
direct for Germany, while the cruiser
Hrcmen, which is stationed in Amer
ican waters, left for the south
The commander of the German
squadron and his officers had but one
Word of description tor the strenuous
day of entertainment through which
they have passed in New York
"overwhelming."
Admiral von Reuber-Paschwitz ex
pressed this feelfng of the German
visitors. He added that he knew their
reception would be cordial, but that
Its stupendousness had surpassed his
anticipations.
The sailors on the
man warships also were enthusiastic
over the happy days spent in America.
Both American and German partici
pants agree that the visit has tended
lo strengthen the feeling of good will
between the two nations, although It
merely took the character of a visit of
courtesy from the German fleet In re
turn for the call paid at Kiel last June
by a division of the United States fleet.
The last function attended by the
German officers was a luncheon given
to them and the officers of the Ameri
can warships at the Union League
club this afternoon. The affair was
quite Informal and no set speeches
were made, but toasts were exchanged
between Admiral Paschwltz and Ad-
,miral Winslow.
The scene as the squadron passed out
to sea was impressive. The four Ameri
can battleships and the accompanying
torpedo boat destroyers weighed an
chor first and as each war craft passed
the German vessels the bands on
American and foreign craft played
their respective national uirs. In a
single column the Louisiana leading,
the combined fleet steamed down the
bay and Into the open ocean at Sandy
Hook. There the American ships
halted and allowed the Germans to
pass.
NINETEEN ARE INJURED
IN WHEGK OF 1IMII
Georgia Central Passenger Col
lides With Coal Cars
at Everetts.
Macon, June 14. Nineteen were In
jured, three seriously, when a Georgia
Central passenger train from Birming
ham, due here at 1 o'clock this morn
ing, collided with a string of coal cars
at Everetts soon after midnight. The
freight cars had been shoved off the
siding by a freight train backing off
the main track to make way for the
passenger. Knglneer Mulllns of Ma
con, Fireman Johnson of Macon, ne
gro, and W. L Veiling of Brooklyn,
New York, a passenger, were the most
seriously hurt.
AMERIGAH TEAM SIS
FOR OLYMPIC GAMES
Considered World's Greatest
Aggregation of Field and
Track Athletics.
New York, June 14. What Ameri
can expert consider the greatest gath-
r in. of track and field athlete ever
assembled In one team Balled on the
mramahlp Finland today for Stock
holm, to represent the United State In
il... Ollmulo aumN A hundred and
j eight athlete are on board and the
i vessel ha been converted Into a float
i ing gymnasium to keep them In trim.
FLOOD WATERS RISE
4-
Mnnagers of the Big Sugar inantu
tlomt In Tlircalencd Ijoulniana
Blstrlct losing Hope.
Nbw i i -leans, June 14. On by one
the manager of the big sugar planta
tion In tho Bayou LaFourche country
are giving up the fight against rising
water from th levee break at Hym-
lla, La. The bayou ! rlalng half an
Inch an hour. Seed for replanting
will be necessary when the water doj
at Luilng, Lev, are bad.
Charge of 1000 Strikers Re
pulsed With Bloodshed
by Deputy Sheriffs at
Perth Amboy.
GOV. WILSON MAY SEND
TROOPS TO THE SCENE
Strikers Are Planning Another
Attack on Smelting Plant
and 400 Special Of
ficers Sworn in.
Perth Amboy, N. J., June 14. A
thousand striking laborers stormed
the plant of the American Smelting
& Refining company today and in the
firing that ensued deputy sheriffs
killed one striker and seriously
wounded three others. The strikers
set fire to a fence surrounding the
works before they were driven back.
After holding a conference, the
strike leaders announced that an
other attack would be made even at
the cost of more live. The sheriff
Immediately took steps to swear In
40 more deputies.
Perth Amboy, New Jersey, June 14.
Exhausted after rioting last night,
nearly 4000 striking laborers of tho
five largest factories here made no
Ger-'.concerted effort at disorder this morn-
ing, but the situation is still considered
serious.
Governor Wilson informed the sher
iff this morning that troops will be
sent if necessary. The rattle of revol
ver shots sent over the heads of strik
ers as they stormed the plants, hurl
ing stones, kept the residents awake
most of the night.
MONEY MORGAN LOANED
GAME FROM GOVERNMENT
Evidence Tends to Show U. S.
Advanced Funds to
Stay Panic.
Now York, June 14. Evidence In
tended to show that the $25,000,000
which J. P. Morgan has been gener
ally credited with placing upon the
New York stock exchange during the
panic of 1907, was really supplied by
the treasury of the United States, was
Introduced at the hearing of the Pujo
committee of the house of represen
tatives . that is investigating the so-
called money trust.
Samuel Untermyer, counsel for the
committee, obtained from George B.
Cortelyou, secretary of the treasury
under the Roosevelt administration,
the assertion that "he understood"
that the money loaned by the gov
ernment to the bank at that time
was to be used on the stock ex
change. F;rom the New York sub-treasury
the attorney secured a statement
showing that on the day, October 24,
on which Mr. Morgan told R. II.
Thomas, president ot the exchange,
to announce the $26,000,000 loan to
the exchange loan brokers, the gov
ernment had deposited with the banks
nearly $29,000,000.
From Charles Steele, a partner of
J. P. Morgan, he obtained a state
ment showing what 14 banks had
"agreed to loan" to the stock ex
change on that day.
The total amount "agreed to" was
$23,550,000, hut the amount actually
loaned, according to the statement,
was $18,945,000. All these banks,
the sub-treasury statement showed,
had previously received deposits of
government money.
The statement from the sub-treasury
was obtained after Mr. Untermyer
had failed to procure from Mr. Cor
telyou the name of the banks in
which he deposited government funds,
which the witness testified amounted
to about $42,000,000 during the
panic.
Mr. Cortelyou could not recall
specifically what bank received
money.
Mr. Untermyer wa trying to bring
out that some of the so-called Mor
gan hank received deposit. The Hat
furnished by Mr. Steele included the
first National, the National City, the
Hanover National, the National Hank
of Commerce, and several other
which Mr. Untermyer noted a hav
ing Morgan affiliation. The attor
ney read Into the record from the two
llta comparison showing that on Oc
tober 24 the First National had re
ceived $9,250,000 In government de
posit; had "agreed to loan" on the
ntock exchange $4,000,000, and had
actually loaned $2.(90,000. He made
similar comparison for other hank.
Mr. Cortelyou (aid that he hud not
been aware that the bank "under
Mr. Morgan' guidance had loaned
money on the stork exchange In pro
portion to the amount they received
from the government." but Mr. Steele
lest I He, I that Morgan broker had
been aent to th exchange to announce
that money wa available and to say
to all that hank loan could be r
cured. Mr. Morgan. Mr. Cortelvou
conceded, wa "the leader of the
nt.
PuJc
I tore
Ingtc