Show DENIES EXISTENCE OF A MONEY TRUST House Committee Accepts a as Argument Statement by Morgans Morgan's Partner Washington ton Jan JaD 24 Accepting san its s an ar argument a lengthy length statement by Henry Honry p. p lson Davison of or J J. J P. P Morgan Co d denying tho the existence of ot a R. mone money trust and attributing tho the co operation co-operation among financial Interests to tho weak banking law the thc House money trust trus t Investigating Investigating- committee clo ed today for tor th the time beings being Its financial probe Tim Tho committee will ivill b begin within a week consideration of ot Its report which will vil recommend changes In the na no national national na- na bank law and ancl legal control of ot various financial R Mr DI Davison's statement was wall an analytical ana aMa argument based on tho the tables tablas s sand and charts pr presented to tho the committee commit commit- tee purporting to show control of or OO of at r resources s by by 1 ISO 0 dl- dl 1 L uio Be stAtement tillS nils conclusion and set forth specifically that the tho firm of Morgan 8 Co believes be there Is no such thing either cither In Inform inform form torm or fact as ns a a. mon money trust truEt Mr Davison declared that the concentration concentration con eon of ot mone money and credit not only was wal not a a. peril but had been a t benefit to the tho country under present conditions Tames Tam s J. J JIm Hill railroad pioneer of ot tho the northwest followed d Mr Davison on tho the stand and w was vas s examined briefly as to hi his hla affiliations with various arlous banks and railroads On tho the question of Interlocking directors di directors di- di rectors Mr Ir Hill said he held that the propriety of the practice rested en entirely entirely en- en upon the character of ot the Indi Individual vidual man Hobert Windsor of I Peabody Co and antl Gardner M. M Lane of ot I r Leo co o Higginson Hig- Hig ginson Co both of ot Boston Doston were ex examined ex- ex as to tho the participation of their firms with Morgan lorgAn Co the tho First National and National City banks of or New York and other financial Institutions In th tho marketing of or securities Chairman Pujo and antl Mr will make arrangements tomorrow with counsel for William Rockefeller with ith a view to conducting Mr 11 Rockefellers Rockefeller's Rocke Roche- fellers feller's examination next week eek j |