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Show MORGAN SEEN AS BIG POWER IN UTILITIES Senator Glass Protests Over Pecora's Line Of Questioning By IAXE C. WILSON United .Press Staff Correspondent WASHINGTON, May 27 (U.R) Four days of senate investigation in-vestigation have revealed J. P. Morgan & Co. as a railroad and public utilities power unrivalled un-rivalled in this country, with tentacles of favoritism reaching reach-ing out to politicians, government govern-ment officials and men of wealth. A political shakeup is predicted by many Capitol observers as the likely aftermath of revelations that Secretary of Treasury Woodin and other highs in political counsels, coun-sels, received, quick profit opportunities oppor-tunities from the house of Morgan. Mor-gan. That was four years before Woodin entered the cabinet. Adjourn Hearing The senate investigation has adjourned until Wednesday. Ferdinand Ferdi-nand Pecora's cross-fire of questions ques-tions to Morgan partners and .those associated with them was interrupted in-terrupted yesterday in the midst of the story of the United Corporation, Cor-poration, a Morgan-conceived utilities utili-ties holding company which controls con-trols 22 to 23 per cent of the electrical elec-trical energy produced in the United States, and 22 per cent of the gas properties. This vast Morgan utilities empire em-pire starts in the northeasern part of the country and extends west to Michigan and south to Georgia. Approximately 55,272,000 persons are in the territory served by the network of operating companies, at the top of which is United Corporation, Cor-poration, the holding corporation. To Reveal List A list of bargain buyers of United Corporation stock is to be revealed next by Pecora. He has disclosed two such lists. The United Unit-ed list would have come out yesterday yes-terday but for a spat with Senator Sena-tor Glass, Dera., Va., who sought to halt the lawyer's searching inquiry. in-quiry. Other senators insisted that Pecora Pe-cora be permitted to proceed. An executive meeting of the senate committee has been called for today. to-day. Glass may fight out with his colleagues there his argument that Pecora's performance is a "circus.'' "All we need are peanuts and pink lemonade," Glass complained. Glass Protests From the start of the hearings on Tuesday, Glass has protested against Pecora's line of questioning, question-ing, and against the fact that he was not advised in advance what the investigator was trying to bring out. "I am not careful of the house of Morgan," Glass shouted, "e cept that I am careful for the dignity dig-nity and orderly procedure of this committee. And as one member of this committee, I do not intend to see any injustice done to the house of Morgan, or any other house, whether it be of large consequence con-sequence or of little consequence, or of no consequence. That is my attitude, and it is the attitude I intend to maintain to the end of these hearings." |