Morgan asserts no money trust and praises control
In ongoing testimony before the house money trust committee, J Pierpont Morgan declares there could be no money trust and that control is personal. He says one man cannot monopolize money, though he may control railroads or merchandise. He discusses deposits, fiscal agents, and board decisions with United States Steel and other firms.
MENTIONED IN THIS ARTICLE
Washington
Christendom
J. Pierpont Morgan
House Money Trust
Samuel Untermyer
Morgan
Mr. Morgan
Hold Money Trust a Myth Says It Is Possible to Control
A discussion contends that the money trust cannot strangle commerce by restricting credit or liquid exchange. It argues merchandise and rail travel cannot be kept under a single tight grip while credit remains available.
J P Morgan Testimony on Money Control and Competition
J P Morgan testified that domes tic and international banks cannot control money claiming there could be no money. He said Morgan’s firms handle hundreds of millions in New York Central securities and account for about a billion dollars in yearly business. He admitted ignorance of an International Harvester trust until newspapers reported it. He described his firm as a tacit agent for many companies and supported voting trusts for infancy firms, preferring combination to competition.
MENTIONED IN THIS ARTICLE
Mr. Morgan
House of Morgan
Morgan
United States Steel Corporation
Untermyer
Mr. Untermyer
The
Steel Corporation
Morgan House
J. P. Morgan
Christendom
J. P. Morgan & Co
New York Central Securities
Morgan Company
International Harvester Trust
Paliomeng Oe
Interstate Corporation
Taft Leaves Capitol for Panama Trip on Battleship Arkansas
President Taft departed Washington on December 20 at 10 30 p m heading to Panama. He sailed with family guests aboard the battleship Arkansas from Key West after a day of official duties and the Uruguayan minister’s daughter’s wedding. The party includes Major Rhoades Lieutenant Timmons and Charlie Taft.
MENTIONED IN THIS ARTICLE
Key West
Battleship
Arkansas
Ashington
Washington
Panama
Uruguay
Knox and
Stimson
Hitchcock
Poindexter
Sweet
Michigan
Oldfield
New York
Louise Taft
Charles P. Taft
Major Rhoades
Lieutenant Timmons
Charlie Taft
House Adjourns To Jan 2 For Christmas Recess
The House adjourned for the Christmas holiday recess until January 2, not receiving President Taft's message, while the Senate remained in session. In New York, Hammerstein proclaimed New York would have grand opera in English and asserted his rights against Metropolitan directors.
MENTIONED IN THIS ARTICLE
Washington
House
Taft
Senate
New York
Vanderbilt
Mr. Kahn
Quecar Hammerstein
New U P Decree Sought In Union Pacific Merger Case
Washington uses Supreme Court to consider a specific decree in the Union Pacific merger dissolution. Attorney General Wickersham and Union Pacific attorneys debate stock distribution options to avoid irreparable injury. The court may rule Monday.
MENTIONED IN THIS ARTICLE
Washington
Union Pacific
Supreme Court
Wickersham
Union Pacific Railroad
White
Southern Pacific
Southern Pacific Company
District Court
Union Pacific Stockholders Consider Sharing in Southern Pacific
A statement proposes dissolving the combination and preventing renewal while allowing Union Pacific stockholders to participate in distributing Southern Pacific stock with its holders. The suggestion reflects a plan to align interests between the two railway companies.
MENTIONED IN THIS ARTICLE
Read
Southern Pacific
Union Pacific
Archaeologist Bingham Returns with Peru Relics
Yale archaeologist Prof. Hiram Bingham arrived back in New York from Peru with 100 human skulls 30 skeletons 18 bronze tablets and a vivid account of six months excavating the Inca city of Machu Picchu and the remains of people who lived there about 60 000 years ago.
MENTIONED IN THIS ARTICLE
New York
Hiram Bingham
Yale
Peru
Machupicchu
Police Kill A Slayer In Memphis Stand-off
Adam S. Boehler, 20, who killed his wife in Memphis Tennessee, held about 50 policemen and detectives at bay for eight hours. Police forced entry into his declared stronghold in a downtown rooming house after fumes of formaldehyde, pumped through holes in walls and floors, partly overcame him and led to his being shot and killed.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Ree
Adam S. Boehler
Boehler
Ohio corn champions seize seats in House chamber
In Washington on December 20, 300 young farmers from Ohio, top corn growers, marched into the House chamber after adjournment and occupied the seats left by members. Speaker Clark and Uncle Joe Cannon gave brief talks on agricultural topics.
MENTIONED IN THIS ARTICLE
House
Washington
Ohio
Clark
Uncle Joe” Cannon
Jordan Selected Chair For Wilson Inaugural Committee
Washington December 20 Kldridge EF Jordan will be named chairman of the inaugural committee for the inauguration of President elect Wilson.
MENTIONED IN THIS ARTICLE
Washington
Kldridge EF. Jordan
Wilson
Rebels Sack Huejuquilla as 140 Die in Battle
In Huejuquilla Jalisco near Zacatecas rebels attacked with 600 troops led by Gen. Cheche Campos. The town garrison of 50 rural guards plus armed citizens held for 30 hours before falling amid fires and outrages. Federal reinforcements later retook the town and killed many rebels. Separately, Mines Company of America reports Los Azules Chihuahua captured. manager James S. Celbath held for ransom.
MENTIONED IN THIS ARTICLE
Guadalajara
Mexico
Huejuquilla
Cheche Campos
Jalisco
Zacatecas
Washington
Mines Company of America
State Department
Los Azules
Chihuahua
James S. Celbath
Katsura Cabinet to be formed today in Tokyo
Prince Katsura will organize the new cabinet with a policy to postpone army and navy expansion and retrench the budget by 650000000 yen while maintaining the 50000000 yen annual amortization fund. The government will pursue non military peaceful conduct based on constitutional principles.
MENTIONED IN THIS ARTICLE
Katsura
Tokyo
Japan
Prince Katsura
Greek aeroplane in war with the Turks reported
Mme Anna Ewing Coromilas, wife of the Greek foreign minister, writes from Athens about wartime experiences. Women sew for wounded soldiers and social events halt. In Michigan, equal suffrage failed 247,375 to 248,135 with a 760 margin in the state canvass.
MENTIONED IN THIS ARTICLE
Mme
Anna Ewing Coromilas
Cockrell
Missouri
America
Athens
Michigan
Lansing
Mich
State Board of Canvassers
Aviators' Bodies Recovered After Ocean Flight Disaster
Horace Kearney and Chester Lawrence, both from Los Angeles, died when their hydro plane Snookums crashed off the southern California coast during a Newport Bay to San Francisco flight. Lawrence’s body was found near Point of Rocks, badly bruised. Kearney’s was recovered near Redondo. The wreckage beyond these remains has not been found. Lawrence’s body to LA for burial. Kearney’s held in Redondo for relatives.
MENTIONED IN THIS ARTICLE
Los Angeles
Cal
Horace Kearney
Chester Lawrence
Newport Bay
San Francisco
Lawrence
Point of Rocks
Redondo
Kearney
Plier No. 1
Point Dume
Kansas City
Taft Receives Knit Wool Gloves from Grand Rapids Woman
Mrs Louis Sorr, 94, of Grand Rapids Michigan sent a letter with a pair of knit wool gloves she made herself to the White House. She expressed hope the president would accept her humble gift.
MENTIONED IN THIS ARTICLE
Louis Sorr
Washington, Dee
Grand Rapids
Mich
White House
Bombing of Janina Shocks Paris in Balkan Crisis
A Greek airman Mortoussis and an officer bombed Janina causing damage and fear. In London a crisis over Adrianople revictuation and Turkish terms for peace looms as plenipotentiaries adjourn awaiting new Turkish credentials and Greece negotiations.
MENTIONED IN THIS ARTICLE
Paris
France
Janina
Mortoussis
Balkan
London
England
Turkey
Adrianople
Greece
Elles
Constantinople
St. James’ Palace
Reehed Pesha
Salih Pasha
Burial of Bavarian Regent Luitpold
Munich reports the burial of Prince Regent Luitpold of Bavaria with his coffin laid beside King Maximilian in a church crypt. European monarchs and princes, including the German Emperor and Belgian, Saxon, and Austrian royal houses, led a solemn procession through crowded streets.
MENTIONED IN THIS ARTICLE
Munich
Bavaria
Luitpold of
Kin of Lafayette Weds in New York Ceremony
The wedding of Count Guy Louis Jules de Lasteyrie du Saillant and Miss Captance Whitney took place at the Fifth Avenue home of the bride’s parents, George Warren and wife, with Monsignor Lavelle presiding. The couple sets a new standard for appearances in high society.
MENTIONED IN THIS ARTICLE
Miss Contance
W. Warren
Count du Saillant
N.Y
New York
Guy Louis Jules de Lasteyrie du Bsaillant
Marquis of la Payette
Also Mentioned on This Page
T. H. Barry
Thomas H. Barry
United States Army
Governor's Island
General Wood
Ewing
J. P. Morgan Money Trust
Panama Canal
Santa’s “U. K
Cubon
Philippines
Uncle Sam
Far East
U.P
Prof
Bingham
Coromilas
Kearney and
Luitpold
Lafayette
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