Newspapers / The Asheville Times (Asheville, … / Dec. 18, 1912, edition 1 / Page 1
Part of The Asheville Times (Asheville, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
f : (id THE ASSOCIATED THZZ2 DISPATCHES v 4:C3 P. U. Weather Forecast RAIN AND COLDER. VOL. XVII., NO. 267. ASHEVILLE, N. C, WEDNESDAY AFTERNOON, DECEMBER 18, 1912. PRICE THREE CENTS sAyspoLiTics SELF-DEFEflSE . Ublllll W I II BRYAn GREETED Federal Attorney Flays Politi cians and Local Courts in Arraigning "Dyna mite Crew." ASSERTS CONSPIRACY ' SPREAD UNCHECKED ' 1 Reckless Disregard of Life Came to Wanton Desire to Take Life," He As-serts. IN HAND TO HAND FIGHT LI Arcani, Notorious Philippine Bandit, Slain by Lieut. E. ; H. Johnson. HUNDREDS Slayer of George. C. Thompson Asserts Railroad Man At- tached Him Before He Fired. Great Commoner, la Taken for Ride . Over City Visits Mrs. Zebulon' B. Vance. ' WHERE flRST GOT LETTERS COURT ROOM SCENE THIRTY AUTOMOBILES ; IN THE PROCESSION - ' ' ft - Foraker Names Men Who Stole Them from Archbold and ' Soldi Them to Pub-. ''. lisher. MONEY TRUSTS RAMIFICATIONS By Attooiated Prut. Manila, Dee. 18. The career of Ar-1 jytf endant Re-enaCtS the Kill canl, a notorious outlaw cruel or tne ing Scene Is Corroborat ed in Many Details by ' Others. . HIGHLY DRAMATIC Wet Weather Poe. Not -Affect En joyment WIU Bring Mrs. Bryan Here. ' ' By Asiociated Preu. Indianapolis, Dec 18. Politicians "standing between labor unions and the courts" were blamed for the Mc Namara dynamite plots at the outset of the 'government's argument to the lurv at the trial of the 40 accused "bomb plotters' today. Pronouncing the series of explosions scattered over the country as a con spiracy, "more dastardly and more threatening" to society than the crime of an-individual," James ' W. Noel, special assistant district attorney, told the Jurors they were called upon to render verdicts In the most impor tant trial in recent years. "Organized crime has here appeared to an amazing degree," said Mr. Noel, "and it was carried on and it grew. because locally the arm of the law failed. Had local authorltlea done their duty this conspiracy could not have spread, but it appeared that poli ticians, for obvious reasons, Btood be tween labor unions and criminals and the local courts. ' "A strike of the iron workers was called. Plain assaults became mur derous assaults. Then, unchecked by the local courts and favored by politi cians, the criminals grew bolder and dynamite and nitroglycerine were re sorted to. ' - ' ' "The .Los Angeles Times building was Wown up with the. murder of 21 persons. After Hint reckless disre gard of life cams the wanton desire to take life. . Of the 100 explosions that occurred in. the United States the government has proved that 92 ex plosions were, on . the property of the open-shop contractors or firms which refused to recognise the. International Association of Bridge and Structural Iron Workers." The 40 defendants in the "dynamite conspiracy" trial faced the outlook to day, that their cases would be In the hands of the Jury by Friday of next week. The Interval is to be devoted to argument to the Jury in which the de fence and the prosecution each is al lowed four days, and to the final in structions by Federal Judge Anderson In ordering the Jury to retire to form Its verdict. At the resting of the case by both sides, after a total of 760 witnesses had been heard and 22,000 pages of testimony taken, Judge Anderson over-ruled all motions to instruct the jury to acquit certain of the defend ants, but the Judge stated in the cases of James Cooney, Chicago, and Frank J. Murphy, Detroit, and possibly others, "only a shadow of doubt ' ex isted, although he would leave it to the Jury to decide. Butler Lodged In Jail. John T. Butler of Buffalo, N.- Y., vice president of the International As sociation of Bridge and Structural Iron Workers, last night was locked in Jail after his bond of $10,000 had been increased to $18,000 and after the court had said he committed per jury in testifying in his own behalf as a defendant in the dynamite conspir acy trial. Next to President Frank M. Ryan, Butler Is highest In office in a labor union of 12.000 members, and with Kyan he is charged as being one of 40 officials who conspired to promote dynamite explosions, including the wreckage of the Los Angeles Times building. At the conclusion of a day's ses sion in which both the prosecution and the defense rested their cases, with the prospect that the trial will be placed in the hands of the Jury In elirht davs. Federal Judge Albert B. Anderson delivered from the bench t scathing arraignment of what he termed "a. dlsolav that has taken place here In the last two weeks." 1 "I don't bel eve." said juoge -nn- derson. referring to the stories of vio ' - lence, riots and dynamiting related on "A the witness stand, "I don't believe, and if I did I would not have any hope for ''; 5 this, country, that organised labor ht stands for the things that have been l Shown hern. ' ,''J "This man Butler took the stand '. i today and swore to, things he knew were not true and everybody here t knew he was committing perjury 3 There are a few people In this coun 4 try who must be told that the law if a the law and If there Is any gentleman in this court room who feels that th shoe fits him. let him put It on. have never seen a dlHplay such as ha ;! taken place here in the last two week and 1 have been a lawyer and on the V bench for the Inst 84 years." JihIko Anderson's remarks were P rnaiio after the Jury had been retired ft fir tho day anil after Clarence K. i l-owil, Itoi hi siirr, N. Y.. formerly or- ranlzcr fur the International Awoela fun nf M m lihuaii lii Detroit, hud been iiin lKii , , .. ii jvw 40 men who- ..'' ill I .. 1 . to I III! Jill V- Philippines, was brought to an end today when he was killed in a person al encounter with Lieutenant E. H. Johnson - of the Philippine con stabulary. . Two other outlaws belonging to the same band also Were killed. A force of constabulary, assisted by a detachment of Moro volunteers un der the command of Civil Governor George A. Herfert of Zamboanga, came into contact with the outlaw gang on the small island near Basilan. After a sharp engagement the band was scattered, leaving three of their number dead. Among these was Ar cani, who had fought a fierce personal combat with Lieutenant Johnson. Arcani during the career is known to have murdered seven people, lnclud EX- SENATOR DENIES IMPROPER CONDUCT OAZETTB-NEWS BtJREAV, DAILY NEWS BUILDING, . Greensboro, Dec. 18. W. F. Rlalr, In a manner which at times became highly dramatic, yester- , day recited to the Jury his version of the tragedy In his home on Tuesday, October 29, when he shot to death George G. Thompson after the latter had come to his home by Invitation. Upon this version Blair hopes to jus tify an acoulttal verdict on : the grounds- of self-defense. Briefly stated Blair's defense Is that Col. William Jennings Bryan, three times candidate-for the presidency of the United States and one of the lead ing personalities of the country of the present time, arrived in the city this mornine- at 10:40 O'clock to- fill a speaking engagement at the Audito rium this afternoon. Tne weainer was bad for his reception, but in spite of the threatened rain there were several hundred people assembled at the Southern passenger station to greet him. There were shouts oi Hoorah for Bryan" jwhen he aiigntea from the train, and the crowd cheered lustily until he entered an automobile for a trip over the city. The colonel had not had his DreaK- fast on hiB arrival here and he was escorted to the railway dining room for a light meal. ThlB took up only a Deolares the Money He Receiv ed Was for Legal Service in Legitimate Lines. ' i alter rereivinK x. iioiiiusuii a imia ui - , u k ing two Japanese traders, and he, with aIsmlssal ne 8llmmoned , former short time and then, accompanied by ki. iniinM.wi v. .. .. . -1 ,. ..M I . . . iiha untapiii nmnnt committee ana a imiiiiici twj uuirauui Hum-( cn1er wltn Bn. laea tnat by a personal ber of raids. I rnnrDnrp their riltTprencps could he the entertainment committee and number of prominent men, he was es- The constabulary and the volunteers amlcablv a itusted. His explanations corted to the waiting machines for . i ... .. . . m a. i - I il Inonanflnn tT BBtlOVIIIA A .ire now pursuing me remainaer oi ine failed to satisfy Mr. Thompson and even after reminding Thompson of re- band, I-T, Carter Alleged to Have Netted Thousands by Raising ; " Money Orders. ' ' the tour of inspection of Ashevllle. A committee composed of Mayor J. E. even u-ner rtoitiiiuiiiK j. iivniijnwn ui i i ttt,.a f ........... .j ..ui,.i,n I Rankin. President F. M. Weaver of him from higher nliicials Thompson "' , (tt. declined to rescind his order of dis- went to Ridge Crest this morning to missal on the grounds that Blair did meet the "Peerless One, and this not have tho Interest of the office at pay J -- 'heart. "Finally I told him that if he -" ...... 1,1 . foii,, in iii mDi. Locxe jrais. ter, I would lay the facts before a The big seven-passenger automobile superior officer," said Blair. . , of Tenche Coxa was used as the ma- it thut Thnmnann lunrart at me." cnine m wucu J"" eavinir 'Damn vOu. I will kill you.' He the sights or tne city, struck and either with his open or clenched hand glazed mv mouth." Then in a manner- which verged It was driven by E. C. Sawyer and those occupying It were Col. Bryan, Josephus Daniels of Raleich. Governor-elect Locke upon the hysterical and which was as Craig, Mayor J. E. Rankin, Dr. L. B. ... i I MnRrnvcr ami Col. f!.,C HodcceS. Im- dramatlc as any scene ever enacted In the local court house Blair came down from the stand . and paced up and CAPIAS IS HERE FOR aCRRTER May Be Served Today Will Ee Required to Make' $8000 Bond. By Auootated Preu. Washington, Dec. 18. Former Sen ator J. B. Foraker today produced a statement before the senate campaign expenditures investigating committee prepared by Gilchrist Stewart, pur porting to be based on a description by W, W. Winkfield, of how Wink-jsary bond field and Charles Stump took the Archbold letters" from the Standard Oil office and sold them to a represen tative of William R. Hearst ' - j Mr. Hearst said yesterday that he did not know how the letters were procured," said the former senator. "Such a preposterous story as that you might tell to the marines, but to no one else." . Mr. Foraker said Stewart in 1908 sent him a newspaper clipping in which W. A. Ullman, attorney for Oi P. Taft, was reported to have con sulted with Mr. Hearst about the let ters before they were published, and suggested that Ullman, Mr. Taft and John T. Cronin, the latter formerly connected politically with Mr. Hearst, be called as witnesses. Mr. Foraker declareS that about i week ago he had Mr. Stewart go to John H. Carter, against whom a bill of indictment, containing 53 counts charging violations of the United States banking laws, was returned at the last term of District court held In Greensboro, has returned to AsheVille from Muskogee, Okla., and it is un derstood that a-' capias now in the hands of Marshal W.,E. Logan which was issued for him when the case was set for trial in this city next May, will be served on him this afternoon or tomorrow morning. He will be re quired to furnish bail in the sum of $8000. Mr. Carter's attorneys could not be seen at 3 o'clock this afternoon, and It could not be learned what arrange ments have beea made for the neces- Chart Before Pujo Committee Shows How Directors of 18 Banks Influence 25 Billions. MORGAN EXAMINED AS TO CREDIT CONTROL Financier Questioned by Un- termeyer as to Extent to Which Situation Is Dominated. ' FIVE SMUGGLED CHINESE D Raid Adds to Chain of Events That Have Cost Much Bloodshed. By AuocUiiei Prm. San Francisco, Dec; 18. Locked in steel cells in a dark, evil-smelling Chicago whel Wlnkfleld was working Chinese building, United States immi- as a waiter, and asceriainea wnai ne knew. Upon the interview, lie said, Stewart had based his report. What mediately behind 'this machine ' were 1 that report : contained Mr. Foraker i others In which. roo -directors of the floW befonmhe Jury box,' illustrating I board of trade,'' meHns-oT Hebal By Amitod Preu. - how Thompson rushed him, attempted oi aiaermen ana a'numper oi promi- Jacksonville. Fla., Dec, 18. Major to choke him and how he fired with nent citliens of the city. The proces- Sylvester, chief of police of Washing- I the belief that If he did not he would sion of about 30 automobiles was es tr.n n C. has wired Chief Ouiirlev at himself be killed. Blair remembered corted by four mounted pjolicemen to e Ano-noiino r,t in raiJua Aihert , nothing that happened after Thomp-1 Pack square. Carter, the alleged wire-tapping swln- son fell dead. The procesions continued then over ii. irm, matures. he Tho witness was corroborated by althe route that had previously been ' ' ' . . , , .... 11 . I I .1 .... 1 1 . Dunoal has a charge of swindling in that city I numoer oi omers in muiur uoiauo .u irapum uul i.. yi to present against him. It is said by Ms story, Mrs. liiair nersei: coming to mountain, un tne reium u.n u - 0 ... I . 1 . .. .1 .. 1 .... ..V. .. .1 fH -...-..I- 1 .. -1 .. 1.a Hnr H.nll. Porlf Plnkerton Detective' Gegan that'lne mii tunuuuimiiis m cvcij , wan mn-uo .i nit onft have oeiail certain pnases ot niuirs lean- 1 inn, ana 1 men niw pany 1 mum w mony. r.very ciruuiiimunue icuiLcuinorin uoerty sireui, iu um imiucm-c swindles aggregating been traced to the prisoner and that he Is badly wanted by the Adams Ex press company for forging and raising express money orders to an unknown amount but running high into the thousands. ' Carter is still in prison awaiting extradition papers from New York. Governor Gilchrist will honor them promptly and then another effort to obtain a habeas corpus writ will be made. the tragedy. The defense was un shaken by the vigorous cross examina tions of the prosecutors. , FOOTSORE, BEDRAGGLED That la Six of Them Do Rain and Muddy Roads En- countered. honor of Mr. Bryan, who is a personal friend of the family. After this in formal reception. Col. Bryan was driv en to the Battery Park hotel for luncheon. The distinguished visitor seemed to enjoy himself to the fullest with ev ery detail of the morning's entertain ment, an time and again expressed himself as being delighted with Ashe vllle In spite of the fact that the woather conditions we so bad. He said that he could never hold the wanthAr mnn reflDOnsible for bad days. M'Comba. M'AdOO. House and I since the chief of the bureau failed tour years ago 10 proviue vuiusiune tut- -i.:. , . ; Bu Attoctatri Preu. Osalning. N. Y., Dec. 18. Braving the rain, the six survivors of the com pany of suffragettes marching from New York to Albany bearing a mes sage to Governor Sulzer, prepared to resume their journey today. Stiffness of Joints and blistered feet. stoically denied yesterday, were this morning frankly acknowledged by the women when they mustered for the start. Nevertheless the little band en thusiastically followed their leader, Miss Rosalie G. Jones, as she called them together on the Albany post road. Peeksklll, IS miles onward, was the day's destination. The roads were muddy, the sky overcast, the air misty, when the march was resumed. SAYS FEW FILIPINOS WANT INDEPENDENCE Only Five per Cent of the Philippine People Favor Kclf-Governmcnt, Assorts Dr. llker. Bit Annotate Preu. Washington, Icc. 18. Only flvo per cent of the Philippine peoplo il.inlre self-government according to Dr. C. V, Viper, commissioner of education nt Manila, and opponents of the self-g v eminent agitation in congress t-ma were preparing to use this itntm-'n In lliditlnir "home rule" legislation Dr. Piper made his declaration before the anthropological society v-icienav 'The people of the Philippine is lands hava made but little provrcsj iltirlna- the country," he said. "h educated class, which crtinprls1 nl-iiu live P'-r cent of the total population Is In favor of sclf-Kovernine nt, but Ih remainder are willing to rcmjln ttb Iwls of the United Hiates." Ir. Piper declared that the Unite SI.iIih Blinuld maintain soverelgnl over Urn an hliH Iiiku throughout th in. -M'-m ccm-ratinn at least. allied precisely, even to matters of I of Mrs. Zebulon Baird Vance, where Ime, distance and acts Just prior tola reception was held by Mrs. Vance in E WITH PARTY LEADERS Palmer Talk With Presi- dent-Elect. By Auooiatei Preu. New York, Dec. 18. Governor Wtl son was up early today In order to hold conferences with a number of prominent Democratic leaders who are I points of Interest. the inauguration of President Taft. As a measure of his appreciation for the beauty of the Bcenery here and the hospitality of the people, the colonel stated that he expects to bring Mrs. Bryan here for an extended stay, Col. Bryan was enthusiastic abent the whole of the city, and he lost no opportunity from the passenger sta tion to the summit of Sunset moun tain to Inform himself of the different When he reached ih mtv ami who heard his sneech I the top of the mountain, however, he Inat I seemeo entirety won uvr iu iiiois in at the southern Bociety dinner night in which the president-elect promised to provide "a gibbet of pub lic disgrace" for any man who should attempt to start a panic In the United States. Chief among those whom the governor expected to see were William F. McCombs. chairman of the Demo eratlo national committee, Vice Presl dent McAdoo, Colonel E. M. House or Houston, Texas, and C. Mitchell Pal mer, democratic national committee man from Pennsylvania. Having been out of touch with ccn dltlons here during his vacation in Bermuda, the governor will go over matters with these leaders fn order to get, a perspective on affairs, political and otherwise, The governor planned to remain in the city, until late in the afternoon, GETS MILLIONS OR $0 and western North Carolina. When the party stopped at the new Inn Col. Bryan was shown briefly the plans for the structure and was then conducted over It while Mr. Seely ex plained about the plans for the mtlre structure. Col. Bryan found an old friend In Mr. Seely, whom he had known as the publisher of the Atlanta Georgian, and the gentlemen found a number of thlngi in common to talk about. The Informal reception by Mrs. Vance was scheduled for earlier in the day, before the party went to (Continued on page 8.) proceeded to detail, declaring that he dtd cnot vouch for, its .pxjcuracy. , h added that the committee- could' caiH Wlnkfleld. ' a i) - '. (According to the statement pre sented, Wlnkfleld and Stump . topk some letters from' the Archbold fires and wrote tt-Jetter-TfrThe New-Yok American making an offer of sale and the next day called up. They Insisted upon- talking to Mr. Hearst but were contented to meet a "representative. They went the next day to the pri vate editorial offic of the New xoric American, where a man named Eld ridge talked to them. They were told that Mr. Hearst stated they were per- formine a great public duty. They talked as to the price with ifiiuriage, wantinir $10,000. but getting promise of only $5000. The next day they delivered the letters to Eldridge to he nhntoeraDhed and received 60 $100 bills. Otlier Letters Stolen. The statement declared that other letters were wanted and that Wink Meld and Stump, were given a list of 200 senators, congressmen, judges and governors with the assurance that let ters from them to Archbold would be paid for well. For one batch of such letters they claimed to have received $3000 and for another $4000. For the Penrose. Hanna and Foraker letters, the statement said, Eldridge paid them $7000. "Evidently we were the fat cattle," remarked Mr. Foraker. In all, the statement continued, $34,000 was paid to the two men. For two signatures of Mr. Archbold, stana Ing alone, they claimed they were paid $500. The statement said the signatures were requested of the two men and that they procured them oy having Mr. Ahchbold write his name In an album. Both Wlnkfleld and Stump were employes In Mr. Archbold's office at the time the letters disappearea, Wlnkfleld, a negro, is a son of Mr. Archbold's butler. When Senator Foraker concluded his testimony the committee ad journed Indefinitely without deciding whether to call the witnesses Mr Fbraker suggested. Foraker Defends Position. Mr. Foraker first took up the Arch bold letter, favoring the nomination (Continued on page 6.) I'pon the Future Conduct of Denver Youth Dopemis- wmcn or two Wills Khali Be ProbaUxl. Many Marriages Voided 9 Under Court Decision Sv Aitociated Preu. Denver. Colo.. Dec. 18. Two wills have been prepared by Alonzo Thomp son, octogenarian millionaire and spir itualist, of Denver. In the llrst will his son Alonzo, Jr., Is to be given the entire fortune, "If he can brace up and be a man." The young man's conduct Is to decide whether he be comes beneficiary under the first will or another one by which he Is be queath 36. Both wills were signed by Thompson yesterday and placed In tho hands of his attorney. If Yount" Thompson's future- conduct meets wltl his father's approval the old man himself will tear up the will lnnvl.ig the son only $5. but If he should die before tho chaiiKe In conduct h; come nhoiit the lawyer Is to determine wha h il shall be probutcd. Ceremonies Performed in Other States by Illinoisans in Viola tion of Illinois Statute Are Held Illegal Num ers of Chicago Couples Affected. , Bt Auoeiattt Preei. Chicago, Dec. 18. A decision of the Illinois Supreme court today makes It necessary for scores of Chicago cou ples to remarry If they wlnh their un ion to be recognised as legal. The court ruled thmt when a person violates the Illinois statute prohibiting remarriage within one year after the divorce the ceremony Is not legal evon If performed In another slate. t .Neither bus one p uty any claim on the estate of the other. The children resulting from the Illegal niirriaue; are without moral protection and hav no standing In law. Great numbers of Illlnolalans hav gone to other suites and remarried In less than one year after being dlv.i.' d In their own states. The unions have been considered legitimate but th final court decision will compel thm to remarry now If a year has lnt vened, or wait until a year biu cI-im d. gratlon officials In a raid found live Chinese women who recently had been smuggled in from the Orient, and ar rested two men alleged to be the lead ers In the traffic ' sCY'' ' 1 Under the leadership of UnlU-3 States immigration inspector Ains worth and Federal Attorney McNabb, the entire local staff of the immigra tion officers battered down steel door3 t the entrance of the- building. Pitch darkness greeted the officers. Not a stairway was found in the building, access to each floor being gained -y a rap door reached by a ladder. Far below the street level In a maze of un derground passages the women were found huddled in the colls. The raid adds to a chain of events which have cost much bloodshed In Chinatown. A Chinese informer who gave information to the government leading to a previous raid endeavored to return to China to escape the ven geance of the smugglers but was killed on the liner Korea. His slayer is now awaiting trial In Honolulu. SENATEDEMQCRATS BEGIN FILIBUSTER By Auociated Preu. Washington, Dec 18. A success ful democratic filibuster to prevent an executive session today for considera tion of President Taft's appointments developed in the senate early In the afternoon and prevented a quorum. Republican leaders stated later they would demand an executive session without accepting the democratic pro gram. ' E, By Auociated Preu. Fort Smith, Ark.. Dec. 18. As a re sult of a flro early this morning, tvo children of Marlon Capp, living near Bonanza, are dead, one Is mlssinf and two are so badly burned it Is not Re lieved they will recover. Capp, who, It is claimed Is lus -no, Is under arrest charged with setting lire to his home and causing tli ! atu of his children. ' LiEFT $3,500,000 CASH. Ixiiils A. HclnnhHiiicr of Rulin, Loci) A Co, Had Iiargrat Bank Hal am on Kecord. Bt Auociated Preu. Albany, N. Y.. Dec. 18. The estate of Louis A. Helnshelmer of New York, who died three years ago, has bePD appraised by the state comptroller's ottlco nt $14,800,000. The appraisal shows that Mr. Helnshelmer had a bank balance of $3,600,000 cash, the largest sum of the kind ever recorded here. i Mr. Helnshelmer virtually was un known outside of the Wall srtrert 1Ih trlct. He had spent his llfo there, ril ing from a menwenncr hoy to member ship In the firm of Kulin. loeh Company. He was 48 yuan old. B Atmdated Prut. Washington, Dec. 18. J. P. Morgan appeared before the house . money trust investigating committee at Its . afternoon session today. His daughter. Mra Satterlee, and his son, J. P. Morgan, jr., accompanied him. Mr. Morgan talked with his son and daughter while he was waiting to be called. "The concentration of money and credits," the larger phase of the house Investigation of the so-called money trust, was taken up today by the Pujo committee. , While J. P. Morgan, his partners and lawyers waited, two huge charts were placed in the record purporting; to show a mutual Interest by IS Dig New York, Chicago and Boston llnan- clal Institutions In 134 corporations, through Interlocking directors. , The charts ' were represented as showing the affiliations of 180 firm members and directors in tho New York, Chicago and Boston Institutions included In the charts. They purport ed to show that those men hold, in all, 7 46 directorships in 134 corpora tions having total resources or capital- . izatlon of $25,325,000,000. - . The csarts were Introduced as evi dence and placed In the record by Philip Scudder, a statistician who pre pared them in behalf of the commit tee.- H was examined at length as . to their details and as to the method and accuracy 'of their preparation. Washington, Dec. 1 8. Elaborate charts were presented to the house money trust committee today giving lists of "interlocking directors" In a number of leading financial and in dustrial institutions; also a table "showing affiliations of J. P. Morgan & company, Guarantee Trust com pany, Bankers Trust company, First National bank and National City bank, and other corporations through "interlocking directorates." This was In pursuance to that branch of' the committee's inquiry bearing on the so-called "concentra tion of money and credits." A prepared summary of the table on Interlocking directorates says: "This table shows the affiliations of 18 selected financial instituitons J. P. Morgan & Co., New York; First Na tional bank. New York; Guaranty Trust company, New York; Bankers Trust company, New York; National City bank, New York; Kuhn, Loeb & Co., New York; National Bank of Commerce, New York: Hanover Na tional bank, New York; Chase Nation al bank. New York; Astor Trust com pany. New York; New York Trust company. New York; Balrlr & Co., New York; Continental and Commer cial National bank, Chicago; First National bank, Chicago; Illinois Trust and Savings bank, Chicago; Kidder, Peabody & Co., Boston and New York; Lee Hlgginson & Co., Boston and New York with the greater banks, trust companies and Insurance companies and transportation systems, and pro ducing and trading corporations and publio utility corporations, through representation upon their boards of directors. Kcpiwnt 26 Billions of Capital. "The firm members and directors whose affiliations are thus shown number 180. In the aggregate they hold 385 directorships in 41 banks and trust companies having total re sources of $3,832,000,000 and total de posits of $2,884,000,000 fifty director ships In eleven Insurance companies having total assets of $2,646,000,000; 115 directorships In 31 railroad sys tems having a total capitalization of $12,1x3,000,000 and a total mileage of 163.200. Six directorships In two ex press companies and four director ships In one steamship company with a combined capital of $245,000,000 and gross Income of $87,000,000; 98 directorships In 28 producing anir tr tdlng corporations having a total capitalization of $3,583,000,000 and to tal gross annual earnings In excess of $1,145,000,000 and 48 directorships in It public utility corporations having n total capitalization of $2,828,000,000 and total gross annual earnings In ex cess of $438,000,000; in all 748 direc torships In 134 corporations having a total resource of capitalization of $26, 825.000,000." An explanation of the chsrt, relat ing to Morgan & Company, the First National Bank, the National City Bank, the Guaranty Trust company and the Bankers Trust company, says; llamlflcatliiiiH of Five Hanks. '1 The table shows that J. P. Mor gan 4t Company, the Flrwt National bank, the National City hank and the Guaranty Trust company and thu Hunkers' Trust Company toin-th.T have: line hundred and e!: SM- i n ilh In 31 banks mid tn.-i .-. . -nt-I tig total "'. . f . (t'lilil Hi '11 I :
The Asheville Times (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 18, 1912, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75