Show MORGAN BOWS J TO AUTHORITY i OF SENA SENATORS 8 B Br Fr Press i WASHINGTON April Apri 14 man ma Fletcher Fetcher said today th t the author t ty ity Iy of the senate banking baking author to t o invest Investigate ate J. J P. P Morgan Morga Co Co had not been questioned since the tho tho senate recently extended Its it broad broad- est cst ct power for lor the inquiry into private i banks ank A corps of investigators has ha been ben working in New York under the te dl dl- i of Ferdinand Pecora Peora committee con com counsel for ten days quietly 1 j lathering gathering evidence for the public hearings hearing which are expected to t begins begin here next month The senate senat adopted adopt a resolution April Apri 4 extending to the committee committe fullest power under the constitution to make inquiry Into private banks banki ban after being informed that the gr gret t Morgan house had challenged th the I committees committee's authority t John W W. Davis Davi counsel for the Morgan Mor Mr gan firm said in a public statement that his hi clients were willing to cooperate coop coop- erate with wih the committee On coop th t other hand the senate was wa told th t the banking house had refused to t answer an as some questions propounded by Pecora Going Goig back baek to New York to resu resume wh where re he left lef off oU Pecora Peora confidently j predicted that with wih his hi new author author- author ity ty there would be no challenge ot of othe the he committees committee's authority saying such sueh an attempt would be a waste wast wat of or time According to reports reaching the te committee in Washington he ha not not nol yet carr carried his hi inquiry inquiry- beyond t th Morgan house houe although it itis ItI is planned eventually to go through the operations operations opera opera- tons of most mot of the big private bankIng bank bank- ba Ing firms on Wall Vall Wal street street |