Ogden Evening Standard | 1912-12-18 | Page 1 | Morgan is Money Trust Witness

MORGAN IS MONEY TRUST WITNESS Washington Dec IS Accompanied by an Imposing array of lawyers, a number of relatives and a retlnuo tint numbered 15 people. J. P Morgan ar rlvod In Washington at C.3C o'clock last evening and went Into retirement In the New Wlllard hotel. In Morgan's corner In his match with Samuel Untermyer before the Pujo committee Thursday will be Joseph Jo-seph H. Choate. Francis Lynde Stetson. Stet-son. ex-Senator John C. Spooner and several minor attorneys Morgan was not in the best of hu mor when he reached Uashinglon and his spirits did not porceptibly brighten when he found that Untermyer Untermy-er Intends to kep him waiting a da before he calls him to the stand. Morgan, it was;iearnod. will drop In at the White house today to while away thevhours he muse perforc spend In his nation's capital. Incidentally Inciden-tally he will talk railroad reorganization reorganiza-tion with reference to redistribution of the Harrlman securities which were scattered by the recent decision of the supreme court. In his party are J. Plerpont Morgan. Mor-gan. Jr. General B. Case and Mrs Case, H. P DaviBon and Mrs. Davison. Davi-son. Mr. and Mrs. Thomas Lamoutc. Mrs. II. L. Sadler. G H Backus. A. L. Banger and Mr. Morgan's secrctarv, W. C. Holnkel. How Wall street gambles overy day with the money of thousands of small banks in the towns "back home," and of their millions of depositors, was laid before the house money trust Investigating In-vestigating committee today. Every day of tho year it was shown that there are In the big banks of New York sums varying in extent from half a billion dollars to almost a billion dollars thrown Into tho street, on loans for which Wall street collateral Is taken as security