A A
Weather Forecast
PAIR.
LAST XDITION
4:00 P. 1L
VOL. XVII., NO. 268.
ASHEVILLE, N. C, THURSDAY AFTERNOON, DECEMBER 19, 1912
PRICE THREE CENTS
THE ASSOCIATED
; PEISS
DISPATCHES
0ml Xs ifm.
BR .N TO ACCEPT
CAti&JET POS IT ION
Political Asheville Today Voi
cing Conviction That He
Will Be Head of State '
Department. .
JOSEPHUS DANIELS, TOR
TO HAM, A PORTFOLIO
Judging by Impressions Gath
ered Yesterday Some
Notes of Bryan Diner
Party Last Evening.
MOOS
ELEPHANT
E-
1LL UNITE SOON
GOV. DEENEEN
The Parties' Fundamental Pol
icies Differ but Slighty Says
Illinois ' Governor.
Political Asheville, which is a thing
nf considerable depth and scope, with
ramifications at times reaching far be
yond htate lines, is talking today. This
tulR. which-. iiinMBM a dignity well
beyond niert y.Jllttcal gossip, turns
upon the visit to Asheville yesterday
of Mr. Bryan and Mr. Daniels, both
figures of equal note for the purposes
of tills article, slnee both are regarded
as cabinet possibilities.
Viewing the whole situation, by and
liirge, and mindful of the informal,
tentative,, off-hand things that were
snid yesterday, political Asheville i8
thoroughly convinced' today that Colo
nel Bryan will be offered the premier
cabinet position, that of secretary of
state, and that he will accept. Mr.
Bryan is said to take the view that
while this position is one with many
honors attached, and while deeply
sensible of a long line of distinguished
predecessors, it will scarcely contrib
ute to his political stature; neverthe
less his acceptance of the first position
In the president's official family would,
he feels, be In line with a plain duty.
The view is attributed to Mr. Bryan
tlint inasmuch as he contributed a
great deat toward the nomination of
Mr. Wilson, and his subsequent elec
tion, he should now Interest himself
actively in the effort to aid the presl
clfort to aid the'andxenseGlftsong, P
lent in making his administration a
success. It is at this point that specu
lation in the political world at large
begins to revolve around the point of
whether differences of temperamental,
onomle "or political character ar
likely to arise between President Wil
son and the mart who" figured so con
spicuously In the shaping' of the presi
dent's political fortunes whether, in
line, their devotion to one another will
bear a long-drawn-out Intimacy as
members of an official family.
While Asheville Is taking it for
granted that Colonel Bryan will be
secretary of state in the cabinet of
President Wilson it ia looked upon as
equally rc-rtain that Mr. Daniels will
likewise be a member of that cabinet,
and the belief is that he is slated for
the interior portfolio. There is the
chance, t is realized, that Mr. Daniels
will be offered the position of post
master general, and while it seems
this Is all conjecture, most
people attribute to him a prefer,
ence for this position. The port-
that seems to have grown up of recent
years, is regarded by many as the po
litical adviser of the president, and so
thoroughly fixed has this impression
become in the popular mind that Mr.
Hitchcock could never make the peo
ple believe that he had taken no active
interest In political affairs of late
vei-s. I
Mr. Bryan for secretary of state ana
Mr. Daniels for secretary of the inte
rior, is the way the thing stands In
Asheville today. -
Incidents of a Dinner Party.
The following were dinner guests
with Mr. Bryan at the Battery Park
hotel last evening: Mr. and Mrs. Locke
Craig, Josephus Daniels, Dr. L. U.
r Mills and two Hons
illiniajVI, Vj. ;
oi Kutncnoraion, ur. i.
W. F. Randolph, J. W. Pless of Ma
rlon, Owen Gudger, W. H. Zimmer
man and P. C. Cocke.
I)r. Oudger picked Bryan as a pres
idential possibility four years before
he was nominated, and has been a
sincere Bryan man all along. He
told Mr. Bryan last .evening that he
had been Impressed by Mr. Bryan's
first speech in congress and had sent
for the full text of It, as well as of
Mr. Bryan's subsequent speeches. The
Nebraskan said he was quite well
nware of this. Dr. Oudger said ho
Was a regular sutacrlber and faithful
reader nf the Commoner, and Mr.
Bryan claimed enough Intimacy with
the mall list to be able to verify this,
too,
Mr. Bryan remarked In effect that
he was going to suggest to his friend
Frank Keely that he build some cot
tages at the Grove Park inn; "I ilk
to rent a cottage; I do not like stay
ing in hotels." he said. Mr. Randolph
informed him that plans for 15 cot
tages are already drawn. The Impres
sion was received that Mr. Bryan will
return to Asheville for a stay, with
Mrs. Bryan.
Regarded as Significant.
Mr. Seety was to take Mr. Bryan to
the station III his automobile.1 Bome
thlng was said about saving time by
going to Blltmore, and It was also
suggested that the train might be held
for the Nebraskan. Mr. Daniels was
Inclined to feel sure this could be
done; and thereupon Mr. Bryan said
something that was considered sig
nificant. "Is the Southern already
cnxlous about renewing its mall con
tacts?" Is about the way he put It
Mr. Bryan went . from here to
CroensborOj thence east, to meet Mr,
Wilson, It I" supposed.
Ovcrinun Own to Auk Cabinet PInco
for Daniel.
0 AMITE UK' nVKKAV,
WYATT Hf.HMNO.
, . , Washington, Dec. 1 .W
l-Vniitnr iivt'tinan went to Trenton
(i.Vi.t.nt.ed on ge 8.)
' By Associated Press.
Chicago, Dec. 19. -Governor Charles
Deneen declared yesterday at a repub
lican state rally that reunion of the
republican party and progressive par
ty was. near at hand. He said their
fundamental policies differed only
slightly. The governor, who support
ed Col. Roosevelt at the republican
national convention, said that the
method of making presidential nomi
nations was the chief cause of the
division.
Governor Deneen made possible the
primaries in Illinois that gave the
state's delegates to Roosevelt but the
governor refused to bolt the republi
can party.
"It Is not necessary . for the repub
lican party to seek everywhere for
new material for Its party platform
he said. "It Is only necessay to rally
around the old standards to march
forward to new victory." ,
1ST
in iihb it i
SLAYER KILLED
AFTER BATTLE
Barricaded in Memphis House,
Man Holds 60 Law Offi-
cers at Bay for Eight
.Hours.
!
""I1ISS0LUT1
FINALLY SUCCUMBS TO
FORMALDEHYDE FUMES
Three Wounded Before Poison
and Bullets Dislodge Him
Police Shoot Onlooker.
One Will Be Headed by Presi
dent and Congress Mem
bers Compose Others. '
PLAHLTEI
Government and Railroad At
torneys Ask More Specific
Decree in Harriman
Merger Case.
"MONEY TRUST
MYTW-MORGAN
Ranks of the Albany Marchers
Decimated and Then
Some.
Bu Associated Prest.
Peekskill, N. Y., Dec. 19. A steady
downpour greeted the suffragettes pil
grims today, when they, Drejpared to
resume their march to Albany with a
message to Governor Sulzer. They
had before them a 16 -mile walk to
Flshkill, the longest day's tramp of
the Journey thus far. ,
Mrs. Olive Schultse, the official scout
of the expedition, who motored to
Albany and back recently, reported
officially that she had found "much
deep mud." Nothing daunted, how
ever, "General" Rosalie G. Jones, with
her two surviving followers, and Mrs.
Jessie Stubbs, who rejoined the ranks
last night announced that it was "Al
bany if it takes all winter."
Just before the start Mrs. Stubbs
Issued a den to all anti-suffragists here
and In Albany to meet her in Joint debate.
Entertainment at luncheon was
promised the marchers when they
reached Garrison today and in their
honor tonight the suffragettes of Fish,
kill will give a reception.
Business engagements forced Al
phonse Major, the "qunrtermaster" of
the expedition to desert today and a
picturesque farm wagon replaced his
automobile as a baggage conveyance.
E PROVISION
FOR EMERGENCY JUDGES
Bickett Terms Its Lack "Cost
ly and Cruel Defect"
Crime Statistics.
Special to The Oatcttc-Nmc.
Raleigh. Dec. 19. "There Is some
thing downright uncanny about the
stability of crime," said Attorney Gen
eral Blokett In his biennial report to-
dny. "It seems to bo perpetrated with
ns' much' regularity as the ebb and
flow of the tide. For example the
total number of cases reported to the
attorney general for the four years be.
binning July 1, 1904, and ending July
1: t08. Is 40.604. and the "total num
ber of cases for the next period of
four years la I40.R07, a difference of
97 " Convictions for the two periods
a little over 27.000.
"Tha rostllest and most cruel defocl
In the machinery of the courts is the
ohuncA nf anv nrovlslon for emergen
ev fudge." Mr. Bickett declares. "Un
hit the law as It now Is, there can
neither be marriage, birth, death, nor
.irknen In the family or a junge wm.
out demoralization of public business
The fact the the solicitors convict i
,. f vrv 100 accused Is proof they
do their duty, the attorney general
declares. The report covers the aew
Itles of the dpartment for wo years
and bristles with pointed expressnm
hiilTragltfts to Print a Newspaper.
Bu 1 ..nVyiferl Presa.
w.ni Vnrk imc. 18. Woman suf-
fraglsta here are preparing to launch
. in a campaign for the en
franchisement of the women of New
York state In 191S. An editorial stafT
has been assembled by Mrs. Harriet
Rtanton Platen, lender of the Woman
Political Union, and under her editor
.,i tv, tinner Is to appear weekly at
oh. -nmun' nolltlenl world." It is
declared to be the first woman's Ppe
devoted exclusively to politics.
V By Aaaociated Ptess.
Memphis, Tenn., Dec. 19. Adam J.
Bochler who held a squad of 50 po
llcemen and detectives at bny for
eight hours this morning, was shot
and killed shortly before noon by city
detectives who foroed their way into
Boehler's stronghold In a downtown
rooming house after the man had
been partially overcome by the fumes
of formaldehyde forced into the room
through holes cut in the wall and
Boehler and the police, the latter
stationed at half a dozen points of
vantage In neighboring buildings, ex
changed an intermittent Are through
out the morning, while others of the
attacking party succeeded In reaching
a floor above that on which the man
was entrenched. Holes were bored
through the floor and quantities of
formaldehyde were poured Into the
room. Then all appeared quiet in the
room where Boehler was holding, four
detectives stormed the barricaded
oor and In an exchange of shots
Boehler's body was riddled with
bullets. ,
Throngs of persons crowded the
streets In the immediate vicinity of
the building and did not disperse un
til the final act in the tragedy oc-
urred.
Memphis, Tenn., Dec. 19. Spauld-
ing Parsons was shot and probably
mortally wounded; Jesse Wooten, po
lice Off IqerT. was . seriously : wounded.
and Charles Davis, a policeman, was
lightly hurt early today as the re
sult of an attempt to capture Adam
J. Boehler, a tinner, who almost sev
ered his wife's head With a razor last
night. Boehler, well supplied with am
munition, has barricaded himself in a
rooming house in the central part of
the city, and efforts to dislodge him
so far have proved fruitless.
roncemen armed with riot guns
have been stationed at positions com
manding the exits to the building. It
is not thought that Boehler, who had
declared his Intention to fight so long
s his ammunition holds but, can be
taken alive.
Parsons, who Is a drug clerk, was
shot through mistake by Police Ser
geant Julius Brett,, Wooten and Davis
who were standing guard in a hallway
ust outside the room occupied by
lieehlor.
Boehler who came to Memphis from
Indiana In a houseboat attacked his
wife from whom he was separated In
boarding house where she had
apartments with her four years old
daughter. Occupants of the house
heard the two scuffling but the only
witness to the killing was the child
who met officers who had been sum
moned with the announcement that
papa has killed mamma." The
mamma was found lying on the floor,
her throat cut She died within a few
moments. According to the child
Pnehlcr, after cutting the woman's
hri.at, deliberated a moment, washed
hi In ads and left before the police
men arrived.
Boehler was traced to hlB rooming
house on Main street near Adams
street where he had entrenched him
self after driving his room mate from
the room. A demund that he stirrer.
der was replied to with a bullet
through the door and a moment later'
Parsons, attracted by the shooting,
appeared on a balcony of an adjoining
building. Brett armed with a riot gun
was stundlng guard on the street 50
yards distant and when he saw the fig.
ure of the man and heard an exclama
tion of warning from a bystander,
opened fire. One of the bullets lodged
in Parson's abdomen, another In his
leg and another In his thigh. It Is not
thought he can recover.
Wooten and Davis were shot an
hour later. Opening the door Just
enough to put forth the barrel of his
rifle, Boehler opened fire In the dark
ness. One of his bullets struck Woot
en in Ihe right shoulder and passed
through his body. His right lung was
performated and while his wound la
serious It Is not regarded as necessa
rily fatal. A bullet graced Davis' face
hut after the abrasion was dressed he
resumed his post with the besieging
party. Boehler's fire was returned but
It Is not thought he was wounded.
The building where the man is hold
ing forth Is an old four-story struc
ture and the only moans of exit are
narrow front and rear stairways and
a window.
. He Is In a room on the second floor
toward the center of the building.
Unless Boehler makes an attempt to
escape it Is the plan ot the police to
itftrve him out
All the other occupants of the house
made hurried exits when warned by
Boehler's room mate.
Btf AuooUtei Press.
Washington, Dec. 19. Two parties
of officials leave tonight , for. the
Panama canal sone to inspect the big
ditch. The first will be headed by
T,.l,lr.,. rr,. ' nnil tnKliiilna m Am Kara
of his family; Assistant Secretary AT LOGGERHEADS OVER
Beekman WinthroD of the navy and
Mrs. Winthrop, Secretary and : Mrs. ; STOCK DISTRIBUTION
Hilles and several otners. The sec
ond party Is composed of members of
congress. Including Senator Poindex-
ter and Representatives Sweet of WlCkershaiE OpPOSeS Giving
I V. I 1 nMfil.1 . A ...... I - .
and their wives. The presidential par
ty is to embark on the battleship
Arkansas at Key West, while the con
gresslonal investigators will set sail
on a regular steamer from New
York.
The presidential party Is due to ar
rive at Colon on the clay before Christ
mas and the president will spend three
full days in looking over the work
The White House was one .of the
busiest places in the capital today in
preparation for the exodus. It will
take on a state of somnambulency for
several days then, ; however, for the
president and his family do not ex-
CAPIAS SERVED
J.H.
GARTER
At
Union Pacific Shareholders
Exclusive Privilege of
Buying S. P. Securities.
3 O'clock $8000 Bond Re
quired Had Not Been
Furnished.
Mr. Carter Made his bond at 3:45.
By ' Associated Prest.
Washington, Dec. 19. The Supreme
court of the United States today took
under advisement a combined motion
of the government and the Union Pa
cific railroad attorneys for a more
nect to return to it before December specific decree as to the rights of
31 or possibly New' Year's day. .
'All the Banks in Christen
dom Could Not Control
Money," Declares the
Financier.
QUESTION OF CREDIT
PERSONAL, HE SAYS
TAFT REG1DES TO TAKE
I
President to Assume Duties as
Lecturer after Expiration
of Term.
Union Pacific stockholders In the
ordered distribution of the $166,650,-
00 worth of Southern Pacinc stock
owned by the Union Pacific Railroad
company.
The railroad attorneys want the
Union Pacific stockholders exclusively
to be allowed to buy the stock. The
government is opposed to such an ex
clusive privilege,
The railroad's attorneys explained
to the court they considered the only
practicable method for the stock to be
distributed without irreparable injury
would be for the Union Pacific com
pany to offer the shares to Its own
shareholders, pro rata; according to
the amount of their holdings, for pur
chase at a fair price, or to distribute
the same as a dividend to the holders
Washington, Dec. 19. President iney oeciareu uiai me tarn i.ey b"
Taft has made up his mind to accept eral was opposed-to such plaa
the Kent professorship of law at Yale,
recently tendered him, and probably
will take up his duties at New Haven
early in the spring.
The president was said last night to
have determined ufrnt-8ceeptlnr the
Yale professorship for several reasons.
He will not be -restricted merely to
The offering for" sale upon the open
market of the Union Pacific's holding
of Southern Pacific shares aggregating
$166,650,000 would not only inflict
great injustice and irreparable dam
age on the Union Pacific and Its share
holders, but also would cause a serious
financial disturbance by over-supply-
lectures to Yale students,, but will be in .tne market demand for securities
or tnis cnaracier ana consequently ue-
pressing the price not merely of the
permitted to lecture. If he desires, in
other law schools, or upon the plat
form, or to engage in any other occu
pation which he sees fit.
The analogy between the Yale pro
fessorship and Grover Cleveland's re
lation with Princeton1 appealed to Mr.
Taft strongly and. -when many of his
close friends and advisers wrote to
him approving his acceptance of the
chair at Yale, he decided to take it.
The president expects to spend sev
eral weeks after March 4 In Augusta,
Southern Pacific's shares owned by
the Union Pacific but also of the
shares of Southern Pacific held by
others and even of the securities of
other corporations dealt In on the
market, during and for a long period
after the offering of these Southern
Pacific shares for sale," declared the
papers filed
The railroad attorneys argued that
if the Southern Pacific's stock owned
John H. Carter, at one time presi
dent of the American National bank
and otherwise prominently connected
in business in this city, the promoter
of a line of banks throughout North
Georgia and a financier with past op
erations throughout the south, now
Indicted by a federal grand jury for
violating the national banking laws by
embezzlement and false' entries, was
arrested here early this morning on a
capals issued by Judge James E. Boyd
n Greensboro, where the Indictment
u.a returned.
A bond of $8000 is required for his
appearance at the next regular term
of United States District court to be
held here next May, and at 1 o'clock
today this bond had not been made.
It is learned that a real estate bond
the only kind that will be accept
, as the government will not accept
cash bonds or bonds of casualty com
panies on such charges. The indors
ers of such bonds have to be the hold
ers of real estate far in excess of the
amount of the bond.
. Mr. Carter was in the city for over
day before the papers were Berved
on him, it being understood that his
attorneys had made arrangements to
have the arrest deferred until the
bond could be arranged. Two post-
onements were allowed, it Is learned
and upon the expiration of the time-
limit this morning for the bond to be
prepared the arrest was made, al
though no bond had been prepared.
It is not known whether or not the
necessary arrangements will be made
today.
At 3 o'clock this afternoon there
was still no bond presented, although
was learned that one man's signa
ture haiLbj&cn seeuied-JM.r.. Carter ret
fused to, make any statements and
semed rather nervous, sitting In the
office of the marshal and toying with
a pencil all the while. An officer has
remained with him all day, although
the casual observer would not know
that he is in custody.
Banker Frank in Explanation
of the Relations of His
House to Corporations.
Ga., where he has passed two winter by the Union Pacific were distributed
vacations.
CIGAR FACTORY GIRL
HEIRESS TO A FORTUNE
among all Union Pacific shareholders,
the "so-called controlling Interests
would get only six per cent of the to
tal capitalization of the Southern Pa
cific company or an "infinitesimal
portion."
Has Been Earning Four Dol
lars a Week, Can Now
Spend Millions.
Another Kulfnucrtte to Jail.
Bv Associated Prm.
Tendon, Deo. 19. Another militant
atifTragette, Norah I-ackey, 23 years of
gt, whs gent to Jail for three months
today for giving false fire alarms.
Bu Associated Press.
Klnston, N. Y., Dec. 19. Misa
Esther Sleight an 18 years old girl
who for the past year has earned four
dollars a week in a cigar factory here,
will leave next week for Vancouver to
claim a legacy left here In the will
of Mrs. Charles Vandewater of this
city. According to the advices re
ceived here. Miss Sleight Is made the
residuary legatee of an estate worth
several millions. Miss Sleight met
Mrs.. Vandewater while she was work
ing at an Atlantic City hotel two
years ago and the two became fait
friends.
LUITPDLOJS INTERRED
Many Crowned Heads . Attend
Ceremonies Regent's Heart
Embalmed Separately.
PRIZE COKX (iROWEHS
TAKING IN WASHINGTON
Invasion from Ohio Follows One from
Alalia ma ScTnary Wilson
WeUmmes Youngsters.
Bu Assooiatod Preu
Washlnston. Dec. 19. The agricul
tural department today is In the hands I the city were tolled
Au AuaciateA Preaa.
Munich, Vavaria, Dec. 19. -The
body of the late. Prince Lultpold ol
Bavaria was carried this morning to
Its sepulchre beneath the altar of the
Church of the Theatines In tnis cu
and laid beside that of King Maximil
Han II. The German emperor, the
king of the Belgians, the king of Sax
onv. Archduke Francis Ferdinand
heir apparent of Austria-Hungary, and
a number of princes representing the
royal houses of Europe followed the
coffin In the procession which passed
through streets crowded with mourn
era.
All the time the procession was on
the way to the church, and also dur
Ins- the service, minute guns were
fired and the church bells throughout
of prize corn raising boys from Ohio
Secretary Wilson and his associates
welcomed the Invaders, even though
they scarcely had reoovered from the
onslaught of a band of prize cotton
raising boys from Alabama. The lads
are membeta of corn and cotton clubs
that are fostered by the department
and the state agricultural boards and
their trips to the capital were won by
them as prizes for raising the great
est one-acre crops of both staples in
their home counties.
Secretary Wilson personally com
mended the youngsters and gave them
some professional advice. The visi
tors swarmed through the laboratories
and visited the various bureau! of the
big department.
ONE WIIRON IiKTTKK WRITErl
IH HELD TO THE GRAND JUKV
Although during his life the aged
prince regent had declined to adopt
the royal title, because, as he said, the
real king was still living but unable
to rule on account of insanity, Pa
varla treated the dead Lultpold with
kingly honora The funeral was con
ducted with all the ritual employed In
the case of Bavarian sovereigns, In
eluding the escort attired In medieval
costumes, while the coffin was ac
jompanled by cowled candle-bearers.
The heart of the dead regent was
embalmed separately and Interred with
those of many preceding Bavarian
rulers at the village of AU-Oettlng,
where It reposes In a silver case be
tide the famous shrine of the Vlrgl
Mary.
Friend of Edgar Alien Poo Dead.
7 Associated Press,
New York, Dec, 19. Jacob Dunn,
alone of the three mountaineers
charged with having sent threatening
letters to President-elect Wilson, wiu-
held for the grand Jury at the con
clusion of his - preliminary hearing
here yesterday.
S Associated Press.
Philadelphia. Dec. 19. William
Price, tha oldest lawyer In Phlladel
phla. who was a close friend of Edga
Allen Poe, when the poet was a real
dent of this city, died at his horn
here last night, aged 95 years. Mr,
Price was a member of the bar seven
I ly-three yeare.
VERDICT EXPECTED SOON
Probably Will Go to Jury by
4 or 5 O'clock This
Afternoon.
OAZETTB-NEWft RVREATt,
DAILY NEWS BUILDINO,
Greensboro, Dec. 19.
When court adjourned at noon to
day there remained to be delivered
but one speech and the charge ot
Judge Whedbee, and by 5 o'clock It Is
believed the case of the state against
W. F. Blair for the murder of George
Thompson will be In the hands of the
Jury.
W. W. Barbee and E. J. Justice
spoke for the defense this morning
and Solicitor Gattys for the state.
Former Solicitor A. L. Brooks will
have the finRl word with the Jury this
afternoon.
Last night may have been William
Flnley Blair's last In a darkened steel
ribbed cell of Guilford's Jail. By to-nls-ht.
barring failure to reach an
early agreement, the jury will have
spoken the simple words which mav
mean life or death, prison or liberty
to the prisoner. A session of court
last night lasting until 11 o'clock made
It possible for the case to go to the
Jury by 4 o clock today, or at the
latest 5 o'clock. Should the verdict be
guilty of first degree murder the state
will demand the life of Blair; If sec
ond degree the mnxlrmim penalty Is
30 years with a minimum of two
5'ears; If manslaughter, the maximum
sentence la 16 years with a minimum
of two years. If not guilty the prison
er, of course, goes free.
The defense yesterday closed Its
case within an hour after court con
vened. A procession of character wit
nesses, Including present and past con
gressmen, bankors, preachers, politi
cians and merchants filed to and from
the witness stand, each swearing that
the' prisoner's general reputation was
good. Two minor witnesses were re
called and the evidence upon which
young Blair hoped to get an acquittal
verdict was before the Jury.
In rebuttal the state called several
witnesses, principal among whom
were Dr. J. W. Tankersley, A. 0. Mel
vin. Dr. W. M. Jones and Chief of
Police Isejey. Their evidence was Im
portant principally In that It went to
Impeach Blalr'a own story of the
shooting of George G. Thompson, and
for whose alleged willful and mall
clous murder he Is on trial for his life.
Dr. Tankersley swore that he hurried
to the Blair home, reaching there be
fore Thompson was dead. He went
Immediately to the prostrate body.
From beneath the body he pulled the
crumpled and battered tlfl rmt worn
by Thompson. Blair had testified that
Thompson ran him over the house and
from room to room.
By Associated Press.
Washington, Dec. 19. "There could
be no money trust. All the banks and
all the money in Christendom could
not control money. The question of
control is personal as to money and
credits," declared J. P. Morgan today
to the house money trust Investigat
ing committee.
The financier was led up to his an
swer by the questioning of Samuel
Untermyer, counsel for the commit
tee, who asked Mr. Morgan If he "did
not feel this vast power."
Mr. Morgan answered that he did
not admit he had vast powers and did :
not feel it.
Once when lawyer and witness got
into a discussion of competition and
combination, Mr. Morgan said:
'I'd rather have combination than
competition. I like a little competi
tion but I like combination better.
Control is the Important thing, with
out It you can't do a thing; but no
one man could monopolize money. One
man might get control of railroads or
merchandise,' but not money and
credit." .
Mr. Morgan's declaration that there
"could be no money trust" empha
sized by a vigorous bang with his fist
on the arm of his chair, came toward
the end of the committee's morning
session, when the financier testified as
to the relations of the house of Mor
gan with several great corporations.
Mr. Morgan testified that he had
approved the prices at Which the sub
sidiaries of the United States corpora
tion were taken into the big corpora
tion. Mr. Untermyer asked if he had
not named the board of directors of
the steel corporation but Mr. Morgan
only said that he might have "decid
ed who should not go on."
Some Small Holdings.
His holdings of certain bank stocks
he characterized as "not very much,
about a million dollars" much to the
amusement of the committee and
spectators. When a laugh went around
the financier joined in it heartily.
The principal part of Mr. Morgan's
testimony, the concentration of money
and credits, was to be resumed at the
afternoon session. It was expected
his testimony would be ended today.
Mr. Morgan, surrounded by nearly a
dozen of his partners and attorneys,'
answered with apparent freedom all
questioning. He agreed that through
'voting trusts," several of which ex
isted in his company, a few trustees
could name the directors who, In turn,
would name the officers of great In
terstate Industrial or railroad corpor-'
ations. Mr. Morgan denied, however,
that he believed Interlocking director
ates, where two or three men held di
rectorships In several bank or trust
companies or corporations could bring
about control and a unity of action.
He declared that without a major
ity of the boards such men could not
dictate affairs or control the corpora
tion. The financier took direct Issue with
Mr. Untermyer as to the opportunity
offered a few men to control general
hanking conditions, through such par
ticipation as Morgan & Co. have on
the boards of directors of the leading
banks of New York.
J. P. Morgan resumed the witness
stand today before the money trust in
vestigating committee.
The financier's lawyers R. V. Linda
bury, Joseph A. Choate, Delancy Ni
col and John C. Spooner, held a whis
pered conference as Mr. Morgan took
the stand and Mr. Untermyer, coun
sel for the committee, began the examination.
"Can't you glve the committee a
statement of the deposits of your
banking firm in New York of Novem
ber 1?" asked Mr. Untermyer.
Mr. Morgan approximated It about
$100,000,0.jO. He said he would fur
nish a statement showing the figures.
Mr. Morgan said he and his part
ners were directors In some of the
Interstate corporations that "have ac
counts with J. P. Morgan & Co." His
counsel agreed to furnish a list of
those directorships.
Mr. Morgan produced,- In responae
to a question, copies of the fiscal
agreements between J. P. Morgan ft
Co and the New York Central and
the New York, New Haven ft Hart
ford Railroad companies. Mr. Mor
gan said that there were no other,
such agreements made by his house.
He said the firm acted as fiscal agent
for other companl"!. "by tacit agree
ments" "You are acting for a number of
other corporations, are you not In
cluding the United States Steel cor
poration?" suggested Mr. Unter-,
myer. (
"Yes, hut that Is by a resolution Ot ,
the board of directors of the steel
corporation," said Mr. Morgan.
I-lscal Agent for Manv Idnes.
As to other agreements whereby
the Morgan house became flwcal sgent
for corporation.), he said, they were
'(Continued : mtM 7.)
i