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Show THEY OWED THE FIRM OF MORGAN New York, July 29. That the brokerage brok-erage firm ot Muore and Shcley, that was saved Irom ruin in 1907 turough tne purcbaso of tne 'tennossee Coal Iron company by the United States Steel corporation, owed money to J. P. .Morgan & company, which was secured by Tennece Coal & Iron stock as collateral, was today revealed re-vealed to the Steel trust Imebtigating committee by Lewis Cass Lcdyard. Representative Littleton asked Mr. Ledyard about the nature of Moore and Schley's loans. He mentioned several and then said. "The firm of J. P. Morgau and company com-pany had loaned the firm considerable money." "Was it secured by Tennessee Coal & Iron stock?" asked Mr. Littleton. "Yes, It was, but the Morgan firm had never bothered Moore and Schley and had not called the loan." Following his statement about tho Morgan loan, -Mr. Ledyard denounced the Inferences that have been made concerning a conspiracy in the Tennessee Ten-nessee transaction. "There never was a more Infamous outrage than the suggestion that has been made that either Mr. Morgan or the United States Steel corporation hi ought about, engineered or inspired an attack on the Tennessee Coal & Iron company. Such a thing is absolutely ab-solutely false." Mr. Ledyard made a defense of the absorption of the Tennesseo company and said ho never saw anything illegal il-legal in It. He said: "Since the recent decisions of our learned chief'' justice, I am more, than ever convinced that it was not illegal." il-legal." . nn |