| Show CLASH MARKS TENSION OVER MORGAN QUIZ Virginia Solon Assails Tactics of Counsel for Committee CRE CREATES TES EX EXCITEMENT C I T E MEN T Pecora Draws Applause With Veiled Hint at Resigning By NATHAN ROBERTSON Associated d Press Staff Writer WASHINGTON May 25 Sup 25 Sup Suppressed pressed tension over the senates senate's Morgan Investigation burst forth in dispute at today's hearing in the wake of disclosure that the wealthy banking banking bank bank- ing lag house controlled the United corporation cor cor- utilities utilities stock holding organization or or- whIch which in turn is affiliated i with companies doing 22 per cent of i ithe the electric and gas output business business' of the nation A few minutes later the tion recessed until next Wednesday Senator Carter Glass Glass' of Virginia fumed over the tactics of Ferdinand Pecora the vigorous New York attorney attorney ney w who o. o as counsel counsellor for the inquiry has had J. J P. P Morgan and on one of his partners George Whitney under stringent examination in th the past three days and today drew further evidence of ot Morgan activities fr from m George Howard pr president of the United corporation o t The tart Virginian demanded to the tho excitement of the crowded audience audience audi audi- ence enee to know the e of the inquiry He Met raised questions about P Pecora's coras cora's retention as counsel while silence fell on the huge hearing hall hail Pecora returned in kind drawing applause with a n veiled hint that his resignation could be had J if the com committee asked OBTAINS CONTROL Through Howard he had developed that the Unit United d corporation received from Morgan stocks slacks in various utIlities utilities ties concerns in the 29 boom days at less than their market value and that the banking house had in consideration obtained a dominance dominance dom dam over affairs of the United cor car It was likewise disclosed by his questioning of Howard that through a United Morgan deal the banking firm was given options on a n million shares of United corporation at one dollar each at a time Ume when it could have been sold within a month to the tune of a profit or at some 30 more than was paid for each op op- tion With the Glass Pecora clash which set the room momentarily in an uproar up up- roar Chairman FI Fletcher r of the committee committee com corn defended the persistent counsel counsel coun coun- sel self and the Florida senator also drew applause from the throng that awaIted awaited await awaIt- ed every word of the testimony despite despite despite de de- de- de spite the oppressive heat of the day Members of the crowd pressed around the table to hear the contro contro- versy The Morgan party arrived in the hearing room shortly after the committee committee com com- went into executive session Morgan was dressed in a different suit for the fourth consecutive day this one being gra gray of much lighter hu hue than the previous ones Members of Pecora's staff dragged in a of papers SON JOINS FATHER Junius S. S Morgan son of Morgan soon took a seat by his father both bothin in laughing humor With newspapers and straw hats beIng used by in futile futile futile fu fu- fu- fu tile attempts to cool their brows at atthe atthe atthe the hearing scene J. J P P. adjusted his dark blue tie and pearl stickpin as members of the senatorial committee entered the room after its hour session session ses ses- ses- ses sion zion to resume the examination T Testimony limony of Morg Morgan n witnesses ses has shown that several members of the firm are indebted to it When Ferdinand Pecora asked forthe forthe for the names yesterday John W. W Davis Morgan counsel quickly objected and asked for a n decision by the commit commit- tee He was upheld Shortly after 11 o'clock the inquiry was resumed with George Howard president of United corporation on the stand Sitting to the right front of the theelder theelder theelder elder Morgan Howard said he ho was president nt of the United corporation and of the New York United corporation corpora corpora- tion a subsidiary Pecora brought out that the United corporation was organized January Continued on on Pan Pace Two L I S S Amazing Figure 1 In English Life Dies a a Pauper I Continued from Page One been anything if I had not made a fool ool of myself That was what millions of Britons thought who admired the man though they icy marveled at it the nature that sent him off oct into crooked paths There was vas no bitterness in him in his last days das ays Always a philosopher he real real- zed that his life UCe if obscured at the last ast had been a full one MISERABLE POVERTY Bottomley was brought up in miserable miser miser- able ble poverty He was an office boy boyat at t 10 in a lawyers lawyer's office His 1113 acquisitive acquisitive ac- ac cockney mind absorbed a tremendous amount of legal information tion ion He became a court reporter and nd was a good one for five years At 23 he became a financier His companies flared like skyrockets across cross the London financial sky and fizzled out like them He was prose prose- His defense e made him He was called the greatest lay lawyer in England He became wealthy His million million- dollar ollar mansion In Sussex had its private vate ate race track and he went in for horses He was elected to parliament He was a wartime orator and a magazine mag- mag zinc azine publisher with a tremendous following So great was his power to move the mob that he boasted he could have overthrown the war government and I Imade made himself prime minister ter and there here are many who believe that he could have made good his boast LEADS TO RUIN nULi After the war continuing his maga maga- zinc ine his prestige lcd led to his ruin He offered to help the government sell Victory bonds Through the ma masa- masa a. a ine zine zinc John Bull he appealed to the public to buy through him The response re- re staggered him Millions ions of ot pounds lounds flowed into his offices He had lad to hire more clerks He had no not allowed for overhead and md he never knew how much money he had He dipped into the Victory bond funds and finally his structure crashed An obscure printer who had a grudge against him went vent about the streets in 1922 distributing circulars entitled The Downfall of Horatio I Bottomley The circulars i l rs denounced the gr great greal I J Bottomley Bottomley sued for S ei I Inal libeL His HU legal knowledge fj him mm He was maneuvered Int Into Offer in lag Ing material ma upon which the deW defee l was entitled to call caU for Ms his e Examination of the books showed t Vic Victory ory bond embezzlement an and th him hun to th the Old Bailey and a It s zat t seven Years gears penal servitude j He never came back He tried start another John Bull Bull thU th this time b to t called John Blunt Its the first week was almost after a few months almost GREAT PERSONALITY I have been a great he said SOlid in his last personality Hj interview A t i what people like lIke colos color f to stir the imagination A does docs not have hwe to be bc pUre u a uthe the driven Sn snow W f for r the Public him lOVes lOVes' If 1 I were billed to speak at the Albert hall hail on the same i with Llo Lloyd d G George orge Stanley Baldwin I and md Ramsay MacDon MacDonald ld I 1 promise I would get the most a rf r. and the greatest I I 1 have been several kloda ot of tf fool rooi But I might not have c come ot oU so badly had I 1 not been so 80 loy my friends That i Is one ot of my few principles and lr es to my friends r |
