Show t i t i 1 Lad Is Claimant i I to Part of Late I Capitalists Capitalist's Estate t. t y 4 ALBERT GEnJI S on OR I MORGAN DEClARES MONEY IS TIGHT Banker Defends Proposed Is Issue Issue Issue Is- Is sue of 01 New Nev York Central 4 Per Cent Bonds New York ork June Junc 21 J. J J. J J J 3 Morgan tor an discussed money market conditions to today today to to- da day as a a. L. L witness at the thc hearing lit in connection with the lie proposed unification tion lion of or tho the Luke Lake Shore Michigan i Southern with T the Central lie deCOded defended deren de de- de- de deI I ren fended COded ed the proposal of oC the tho parent company com corn pan pany panto tl to II Issue HI Its I 4 per cent bonds bond in f exchange for Si p per r pent cent bonds bowls o of ol the Lake Tak Shore Mr Morgans Morgan's firm Is fiscal fis us- us cal a agent for the c Central Conditions are aro now such that th the bonds must bo be cec r-In r the tho market at atthe tho the best figure said Raid Mr Ir Morgan In my mr opinion b by hI means mean of ot tho the proposed cOD consolidation all tho the lines lIncI l h ne fit Ht and would bo be larger larser The Tho stat state of oC f r Tonn sec he con continued con tInned wanted 10 00 and could noth get Jt U and th then n the they Issued rinI ohe- ohe one one- I rear ear notes to that amount mount and yet t thc they I could CO not pot get It Only yesterday thc they came me around trying to sell those notes Still Tennessee e hi has Just as good se security se- se i as nn any other state It It- It Itis is not nol a a. matter of security th the moor money Just Is not available a for th the people Just now From the ca case e o of oC the tIlt state of Tennessee Tennes Tennes- see you will find a n pretty rett far fair example o of the state of oC the tho financial market |