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Show : muKGAM WAS IS L ill. I flV I vfll I ; Witness in Monej' Trust Tells How Panic Was Stemmed i New York, June 12. Some hereto- lore unwritten history of how J. P. ; r Morgan helped stem the pauic of 1007 ; by supplying $25,000,000 at a crucial ; time was dramatically told on the 1 witness stand today by n. II. Thomas, president of the stock exchange at that time, testifying before tho Pujo n. coramittoo Investigating tho so-called ; ' money tniBt. Mr. Thomas said that on October 2, 19Q7, CO por cent was being offored t for call money and none was avail- K nble. Ho went to James Stlllman, then f, president of the National Citv bank, f , and asked him for relief If possible. E He told the banker that 520,000,000 fi; was needed, ho said. Stlllman sent B him to Morgan, saying that he would U U Morgan ho wao coming. R. "When I got to Mr. Morgan's office h ' tuero was great excitement," said tho f witness, speaking In dramatic tones V : and with many gestures. "Mr. Mor- t ; gan was In a conference and people R wore going In and out. He came out jP of his private office and said to rac II. '"We aro going to lend you $25,-f $25,-f 000,000. Go over to the stock ox-1 ox-1 1 change and announce It.' j r " 'Allow me to make a suggestion, J Mr. Morgan,' He said, Ves, yes, what t Is IL7 'I think,' I said, "that this j, money should be divided up Into lots t and distributed among the banks. It J will have a better effect. 'That Is a very good suggestion,' said Mr. Mor- gan. 'PorklnB,' ho said, and snapped l ms fingers. 'Perkins, divide that $25,-l $25,-l 000,000 up into small lots.'" Mr. Thomas testified that tho loan j had a very decided effect In relieving i H panic conditions. I & "Then It rested with ono man to say whether tho panic would go on? ' Don't you think that's a dangerous ' condition?" pointedly asked Samuel ( Untermeyor, counsel for the commlt-; commlt-; tee. "I couldn't answer thai," replied the witness. c oo |