New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 20, 1912, Image 2

Search America's historic newspaper pages from 1770-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more

{
                  title: 'New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 20, 1912, Page 2, Image 2',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83030214/1912-12-20/ed-1/seq-2.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83030214/1912-12-20/ed-1/seq-2.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83030214/1912-12-20/ed-1/seq-2/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83030214/1912-12-20/ed-1/seq-2/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

New-York tribune. [volume], December 20, 1912, Page 2, Image 2
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

Image: of 16.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.4 MB)

New-York tribune. [volume] (New York [N.Y.]), 20 Dec. 1912. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1912-12-20/ed-1/seq-2/>

Newspaper Page Text

- ra?_n. wlth narrowing '
nylng
power* ln
,.,,;.. ? aacrlhad to htaa W
Mr. fjaten
DrJn't Bother with Contract*.
tlonoftr.
Mr. Morgaa
eommlttaa
i
nnderwrltlng ot m
, Haven
, i! N*? ntn*1
?, of fo
tl. and Bouthern, l>
,..??. ?
?f glgan*
entrlng Inthe
icfWai
, in matter-ol
? ??t<"r' wh?ee inmd
though
waa evldent even to
:;' "
? lank
.
,.... . Untermyer.ln i
?
M, ., and said h< ? n"**
?r Mon " Ms P?rtneri
,?. of tha int.
.,,.?.. n prod iced cople* of thi
e Nea fork Central and
*
ln
cludlng tha 1
_, Cntermyer.
Ihe board of ? Bteel Cor
?
Agreements "by Word of Mouth"
? when
Mon " " '"''
L-ori ? he sald
word of moutl "?? ?' ? "
? ' '
_on ? Dk*r"
ni he
had been a ?? x Yor*
cenl
Inclu. 18 th
tbe Now York Central llnea wen
Mlehlgan Central. ihe L Bhon
Clevoland, Cln Inn
st. i.
Mr. Morgan aal ? Se?
fort Central a had he< n made
|n | , through other
?*nker* b n I - I ? "' <'?'t rPl'a"
t I thlnk there wen aome," ba
? -i.
?in the laat flvi
? i ,!,,),?( i. ny: nane lhaI '
recall Jual now," addJag thai his
, p.. | ? |__ Infornratlor, on
point
Mr. Moi th* flrm had I
ri -I mlllion" di
worth of New York Central i
B_t ui.-: in the ?at ten
. . had all ? ?
handled on a commlssion baola Hi
thoughi the New Haven, too, had
ndled by Moi -
gan <v Co. ln th
M,- \'i -i from the pai
Mr, Morgaa the propoaal
' tae
_? Co,
... Bacal
aganta for thi N
lha N< w ii "?? " road 90 per cenl
of i:. prlce of ll ??
. ite of Intereat,"
... ,,.i thr "benefl
i Ivl
This propoaal araa ? epted <"'ii Janu
il, 1911, by lha Malne Central; oa
mbi - 28, 1910, by the Boaton dt
. im-. r 19, 1910, by
ihe New tfork, New Haven &? Hartford,
tho arroMtaii-o ln OBCh CBOO bOlng
algaed hy Charlea B Mellen.
Can't P.member All Corporation*.
? ua_ jun glve n from inomnry a list
of ottM r Inti ? rporatlana for
ical agenta." asked
Mr UBl
Mr. Moi gai ber no oth
, , , ?, ? ? ? Btatea Btei . i
Hon, and could not eetlmate the
bar, ii- - ? ? "i had ani plted
the commlttee wlth data oa thai point.
Mr. Cntermyer repllad that each data
Included onl) vi,h
which Morgan & Co. bad formal agrea*
Mr Morgan aaM hia Brm .-?> ted
fbr th.' Amerkaa Telephone _ Tele
? iph Company, the Northern Pacific
and tho S'.tithorn Railroad, ?i?tOUgh
they ha.i ii" agreementa wlth them,
Mr. Untermyer thea took up tho
Northern Pacific reorgania?Uon, and
ad, "Waa that property reorgaalaad
under a votlng trust?"
Mr. Morgaa oaM lt waa nnd that he
mher 81 tho vntins trust. "In
? octlon," ho liddod. "I'd llko to
3-DAY TRIP
TO
Washington
Chriatma- Holiday Tour
I)rinnhrr BaV lt?I
$12 $14 $15
m voiik
A- I'f.i-llna t-> )i--t.i iwli.t.d
I'r..ix,rtlui,.?|. r'ai-s (11 r>, Other I'.-inl*
All n. ry i I ?
?-?imllar Toar | rj <i 10,
Man l. J-'. at.ril 3, IT. Mav I and it: 1013,
iii r s i i i-i-- ii. v a . a M
>. 'jfi; rir:ii
Al.'.,. ,' -v. 1 ,.l K '
Pennsylvania R.R.
THE MORGAN FAMILY GROUP GOING TO THE HEARING.
Mrs. Herberl I.. Sstteriee.J. Pierpont Morgsn and J. Pierponl Morp*sn,*r.
pi ? ' '
r the North
- uthern Rallway."
Mr. L'nti
Mr. Morgan pn
? b3 tl ? votlng
?
agement." Mr. Mo
. ta of thi and
.m i... dabui Inti rpooed to ? ly thoy
tl
the \ otlng ti nati ??
??Don'l yi.u think thal Interal ti
. . ittn i- frea to
. . titlea in the op-'! raurket
? -ii ap to '?: ?' I"''". n"l
matter how just its metbodi !' aaked
Mr ln!' lrnver
??.V... nol ****aDs*B****flU*il_*." rrpllod Mr.
.1'..
.., ,(,,. S" W8LJ sit
I >-, . no ohjoctloi
tora appolnt* >i by blmai
in-1.1 tlng truat enb rlng into,
. ?.. menl wlth hla own finn.
.
Opposes Open Competition.
.
rpora
? s..i.i iti open eompetltlon
. ,|o
i r-.r i
rallroi
ould .
? ?.
and Mori I ' "r
New Haven
"They may wanl * greal deal mor* for
i.it.k they i ? ?
Mr. Morgan.
M
' ?
i do nol
i
l?g hi ich to .i" wlth tha
st.. IT' ' ,,l!*
went .'ii "Tf ' ? BM ;I BJ1
? ,,t alwaya
I when there la a rt ?????
H "
hlnd them
Wlll JTOU name any taetOnce Ol a rall
roa.i ' ..mi proelng bad wben roui
,id tO I'.'.y the loeaT" at-k-d .Mr. I'n
t. i myer.
i ean't remember any eaae, bul ki
thera ? b oarerol ai II Mr. Mor
?
.11 of that ci uity
holder'
of tbe pro ?
l'.ut ti...' eventual oul "f tha !
, itj holdi i - attorna) ?
??!.. i.k over the whole hlatory of the rall* '
r< .1 and ae* If you can I i at fl
where thi ,: to i tond the
"Well, I've hod a good deal of raJIreo4
Interrupted Mr. Morgan wlth o
amlle
"Yee, that'a why I'm aaklng ;ou _
:i.. ii Mr, Unti i myei
Steel Corporation's Directors.
Mr. Morgan aold ha c iuld recall no ape*
. \ii rt t. rn. r i-eturnod
to the flacal arrangament nith i e United
BtOti
"Dldn't you name tbe entire board of
dit.ctora of thi Unlti II Bteel i '"t
porotlon?'' aoked Mr. Untermyer.
? I think I poaaad on it."
"Bul dtdn'1 >..n hand out a allp eon
? if i aa rlng i i i amlng lt.
i . 'a .; ilta wllling '?? ni -nifl ? all tha re*
Jallity." sai.i Mr Moi |
MBul dldn't you aay who ahould ^.i
nti.i v -? lt," "-.i tii. lat ]? i
?'l p.-siMy did the latter," replled tha
flnanclar. atai u lougb eome from tha
*;.. ??tati.rs.
Mi. Morgnii aeld he hod not rraBtari on
ai' who wenl on the boord of 11<* _
Corporatlon, bu! no memb* ? ? ad aat t
gone >'ii tii. bo u
Mr. i'i. ? ...1 tf Mr M rgoa
h>*.i not named Judge b. ii oarj ror
? hab man ? ?? lha Bteel C rothm
nnaace eaanmlttea when Oeorgc W. Per*
ki*ijN !? algned.
"I think s'.. It's v.ry proboblo, I
don'l remember now," w.is thi noa woa.
"Who fiv-d tha prieoa ol whlch the
.iv . <>rnj tnlei I iouM ko
in'.. thi organlaotlon," aaki I Mr, Unter*
?:
"I a|>pio\i.| the p-ftOB," BOld Mr. Mor?
goi
??|:nt it waa i. ft to i ''? rdf";'r*f
?? ? nrtm at wM'-ti they aliordd eome lnT"
"II! I l\.:
? ' a wai
"Ex-Officio" Selection.
. .
! I
"Th
"Wl ? ? ... i- .1 .1 I' '?'
, . '' I I'
. , r- . . ....
: natur*
Yt . i ' I v i
.
"We dldn'i kn.-.v tl ??? ? I
i ? i i. nta?* <-r not -I' Moi i li
ln t loob mu< Ice It wh lt ?
? ?
M.
?
bo bad aevei loal ? - ni ?-? > ?
('. p -iat '--ti, and I bBl
\',?t ] r>t>y one lr> Bell H ? ><{ ??>.
| ? .'. ? ? ?? ? >
Ba I al
"i have ao doubi thai thi
i -? ? -i witboul
Bu t I know i
Synd'cates and Sto.k Issues.
al r li rmyei tool
Mr. ?
?
? -li- a r*. |.. ?
i . i. I | i .
tlu
" ? .
??'.??
? .
"ll i.Is aomi
I I' m ? ? .<: . '"I?? -
v | . I ' : . ?
? wi would not offei
?
to banka u I I
tii .it- bai ? thej o< i Mr. in
"Yea, ? ?
? ?- ild nol . ?
Mr kl i trual
t were al ed I
?
Ui rjnl I thai
rinaon i Co of Boaton, the 1
ttoaal B ..-I. uf - rhteago and i ther i
tion- (,|t.|| U.intl-.l lo PI ' Tl tl,.?
a) ndleal
"They doi I work ?iih ua, bul l
taki or refu a an off< i ? ? an ke,' - I
Mr. Morgan
"They don'l oft<i ?< ? da tl
??< 'h. y. a, often "
"Thon yea offer them not.
ttinltv'" i
"Yea Ir."
Banks in Underwrttinrja.
Mr. Catei ? ? re not'
la New York nol aHowi d to
partldpate ln th* Moraan u
". lanj don'l wanl to p ????.?? re*
plli -i thi v. ??
? ou ii ii ua "f the amounl
i ui Ui i ai t. ? -1*-?i by roui Bnn yeai bj
yeart"
.Mr. M< ...... | ni i). rlld not j
hell ive lt woi Id ai t to fl OOtl
year. Ha agraed la furnlab a atatemant I
'?- sh ii the i mi nni i tl ra It'i fenai -
ally oven athnati d," ru r- ra irked.
Mr. Morgaa t""l< up tl-.- r- latli i
lh< Morgan flrm and ! ? Matli nal
i;..i.k. whleh he referred to aa I
bank" h* g_i_ he, peraonally, had been
?ioa* t<> .<;<orse !?'. Baker "aln -
ll" aaid tn.' two Brma worki i toaether ln
., -:...t ?any b-.i-.i aad st... k laoue* Mr,
Morgaa eould nol remernber ahea tt-'1
Flral Becuritiea Compao) i i rtrganiaed.
.-I whether Ita board of dtrectoi waa
identlcal with the board ol directora of
tha l'n ' Natlonal Bank.
Mr v ugan aaid I Mmeelf,
HELP MAKE
HOMES HAPPY.
'i h< moal appreciated glfl | n i where
tha Bfadklngi mvag ampt) wm yoa
aot, therefore, beatow apon aome tone
menl family ? uaeful and ondurlng
Cbriatmaa glft?
GIVE TO THOSE
WHO NEED MOST.
Tho a. i. C. i'. knowa whal to kivo
and whera to glve. We have vbrited tlaa
famlliea beael bj mlafortuna and hava
soon \\hnt the) BK Bl B84
Mak.' ''hristin.'is th mOITleai di'. .-I
ear b m ndU .. glfl ;'..r the
n... dy t"
Kol'.rl IBBBU Miiitiirn. Vn lamti T: ...m
?8 i" - Baal atad Bl i ? ? I
Nl \\ VOKK -MMOCLATIOM KIK IMI'KOl.
IM. HlB (OMIITIIIV or THS! I1M1H,
ll I'll.T'JN I'i TTIXC-,, It- -i.l- ru. '
'
wan a dlred ' '
|
'
at the 1
: '
Mr. I i.t i
8
l dolls
? ?
? ?
nt of Banka.
? ?
,. itltled
r.f tho lirrn WbO I l|
? '
? I
bothar
"Bul ? ?
v.
?
Ihe Int*
?
i ? I
i ? I Mr. Mon
<
landlng ln
?? , I for the
?
:
?
i dkl ? '
i' Mi I'arkins
I
\i
\,. ar li in ? he popera tha
Motqan Firm'a Votinrj Trusts.
Id be did t k?
, . ., ? ta wlthln thi
Hi ii, f..r tl Internat lonal Agrlcufl irol
.> ably ?er
votlni
i ?? ? rt* Railroad,
. . . lha
i . ? . .. ,1.
"Tii truateet* ln Oil 1
the | ?? ' ? ne ll ?
not?
' ?
>, d Mr. B
.nd they, ln turn uai . i tn.
?
"Hava '? i. i an i kl an tnatan
a here ? ? ? '?? Idi ly ae >t
i- t. .i. whi ? '? ''''?
i . i,,., ire i ? i.4_ii fe ol monogemi ? l
111 Moi san i -.i he I neu of no auch ba*
atanee.
Mr. Unti ? >ted thal Kan
can at< era tooh Uttle Intereat ba the
? tl i orporatlo
^, Mr. M lhal ? bj .
a ?.. n ,i . ompony is raorgonl u d, wa or*
ganln 11 di l not, n order to pn
thi compan i
"Thot'a the l itornoll an
on tbe i'.n t "i the reoi BontaeraT*'
1.
Re.-.^ma'a Voting Trufltees.
Mi M I tib i my*. ti ad
Into thi record 1 repi li ot
i ? ., ? Railroad I !om?
pany moda In lf i. wh* a the tru ti aa
rendered tb eompony to ato* ki...ii.-. a,
The lawy. r reod tha Biurao abowtng tha
pro perlty > tlng truat aaa hod brought t..
th" Roodlng ond aaked:
? ii"a im, ii boa the i'iloa >>r eool bean
, , ? ,"i h. dld t.'it know.
I ..ii oon'1 ki." i" ? nut*. h th< Ri id
ma li the p ot rool tfl
seeure this prooperltyT" oakod Mr. Uh
I. i |..; . :
No; I don't know uhnt thfl prlOB bOfl
been," aaid M' Morgaa "My Idoo la
thal .i i ?? ? truat ia ? m et aatty lo a bl?
, ,n> in Ita ii! ar* y. la order to p*ro*
I ?
? m, |fi i Mr. Untermyer,
"don't you ti.tik thee* votlng truata b\ nn
enormoita eootrol nnd Mneentrattoa Of
moae. nnd b-oat-eoa In * too aendoT'
"Mo. ab I don't." saJd Mr Morgon
Mi I't.t" ni'or ask' d if one hankei,
aaeb aa Mr. Monran, would not have
enormo - intTOl If I * I "1 v-.tMiK trust-.
in atl the rattro d - ta notrlal
tions.
Bul that would be imi ' :
Mr. Moi
Yr I nt ' '
..:, and
?
same repi
i ern**" ' ? iBkod i ? t i
, r''
; lationul
>:k, thf
Ai tor '.: ?
U ; : thai i-' ?
board ? ?
"} ou tnke
?
01 i o Bfti en In ?? ":
? ?
baid
But 1
kan .
"1
?
?| don'l tl
re-1 irs
Prefr-s Combination to Cotrpetition. i
I
. i...rt- r
, i . ?
tt
- I ! :
ll
tl '
No." anawi Ir.
I
?
...
i
Mr I
I
'
'
:
ran
nt I :
ither
Mr. Moi
Ooesn't Run H;s Firm.
'
asked M
'
'
Mi i ?
- .
. ? ? ?
? .
\l- _<
abaor
i
?
- irced to ?
Cumul.itive Votmg.
Mr. I '
?
-? of eum
that I
iad. i"
I ?
?
?
i
? d ?n'l
ahould
? i th.ii
Mr Hi ' ; ' favor
?re that
?
Mr Morgan <
ahowlng stock vol
led "votlni I '
nlmpl) : under d
? ... ie that law. I don'l aranl
I ? ? eould be dom . '
ld.
??.. , . ? lhal
? r
m>or
"i th ?
?
: .n llld -
io the i Uenl they
have n- On at Brl
i... i tbal i ?
,,r banki
- Bnance
a i ro| oait ' ,""' "'
them.
No Great B.inkers' Combination.
Mr. Morgan I I oot belk re
tii, re wi ?ll"" omona
i aoker : ln iii" i nlti d 81 it
"Do you knoa o nanct d
... ntlj ln recent yeai
Mr, Uati rrayer,
Mr, Morgan aaid hi did nol know "f
an\. bul di'i ii-.t iiiink. however, that
?
bankera or the nlty o
t,, do wlth It
"Don'l yo i and othi 11 ntrol
tha Reading rea I "' aaki -i Mr. Cnter*
m> -i.
"N-. m, if w. .1-. i don'l i '?"*'? ?'
Mr. Morgaa.
? v.-ii don'l ii-ink \..u I
anv llne ol Induati i rrtry?"
.. i do ""I ' ?'??| v Moi
i power lo - ?' ? ii H entirely
to ?- -..i.'"
"Yea, bii."
DREICER & C?
46 ? STREET CORNER OF 5TH AVENUE
? '
i. We handle thi lt ? "?iti
'
h nl been formi d
'
'
nnd ?" ' "'i axa
? , omotlve
.ni.ii.. would
ny."
...i.'iltlon
companlea
ta of tha
?
B-ings in Co.il Road Case.
tion of
?rn R -ii
n up i ? '
?
I
i that the
bad
-
[,,,?:? of 1 Igona mi"
i
I w.ts ri'-t
. ? nbo it
[ Tho < onsolidatlon of tha l.ake Shora
ni d Ml I Igoi ' tentrel relhrooda into th?
\.m fork Centrol Unaa woa brought up
by Mr. Untermyer.
"TOU boUoved ni buylng Hp the compet
Ing llno?"
?\\'hy, aure "
Mr. Untermyer Bpoko af tha aaajaaahav
,,;? th.- Korthern Podflo and the
Great NOrthern rallroads ln lha Northern
Becurltlea merger .and aokad: "W'riat waa
y.., idea as to tha renaon loc Caatooytag
. ompetltton I
?j don'l know," said Mr. Morgan.
Mr Uotermyer than awgon a nerlea ot
,,i),,i the allmlnaflon of com
petltlOO in the orKatilzations of the TJnlTed
fj ..| ?!o**pO**at~*a?_, but ititfirupxsd
I
?I will not go Into that," he said. "That
is now In UUgatlon, and I wlll not quer.
lion you about tt."
Purchase of Equitabla Life.
Mr. Morgan teeUded that he b-iught
rontrol Of th- EBOjUltOhUl Ufa As-uranc*
\ from ' Mr. Hyan and Mr. Harrl
;|.. | ured, h? said. about ?1.000
. ol BtO* k, tor Whleh he paid about
?Tba oompony poya 7 par c?nt divt
.1"! '!
? at bl tf.710 on vour stockr'
\ oul one-eishth or rne-ninth of l
cent "ii the investmont?"
Mr. Untei myer BB know Ifl
man and Oeorge V Hak-r
____-?------*--?-----?-??--?---???*********i
Holiday Gifts of Originality
Beautiful, substantial and original
in conception, yet priced no
highor than the ordinary sort.
iUS STONES, WATCHBS, COLD JEWELRY,
L,KG SILN l NZE I LECTROLIE RS, _TA
TIONERY, HER GOODS, CANES AND UMBRELUS.
REED & BARTON CO.
Jewelers and Silversmiths
T8A-t>UBaT _i ,
Fifth Avenue _tff_5t_fc_ 0<
and 52d St. ^Qjv^* Maiden Lane
gn_t
-tci'U!' 111; w; ni; ,|k r ,11; R J
?M* 1 i^"*'" ' * L_J?_J
h|i|ioecti
1 t
WHAT Rlft aaaM bt * nner
co:npliment M tha InttUi
fcncecfthe r'Cip'.'nt than a care
!ui:v tr'.tctrd G'obe-Werr.?te
Hor kcas* ? That it oan b* ad_?_
to, a unit at a lir.-e. aa th* library
jrows will be kecn'.y appreoat*
t-.an* ?/ :.i?iar> Ukt. ln manjr hftn**
it m a ytBBBSal H-slday tuw? io
prt??m * IB??MM BasBM* _ Ol<**
.? n?. a_?* ?aOaaeis *'-;???
MOaMih.rc* ??.uor.?iai**l?br*?7.
OlatiaTffana] *s_ *_aaaaaaaaaadBai
??v a ?? I rllff*r?rn ?? y I ? v, '?>? ' nlth** Ulaf
earvtaBy ****t?*a tn* ?f **>??I <o pr*
<Ju?* ih.-?. U?nr,uni '.ft - ^;uf? I* wSieh
? . .... j-?ln .1 <_ ??? iaow* ta
lh* ?H *Jvaii_l?.
Thia Ch*-. Oa_,
$23.75
Thia C.is?, '*1nrtogany,
$3/!.00
Other* of fquri capachy
from $13.30 up.
Nuw York Branch,
380 BRO\DWAY,
Corner WhJte.
i\_ \.V^ ___> '??_ O
IN ONEjIOUR
JlFTY MlMUTES:
pleaaaat travel in smoo?v-runr?njr,
Pa_Inan8 or hiph-eUs* coache_?you
are in
_0_ can dlne fn comfnrt at dininp
hours?and the absence of smoke
(r-ml coal rsed)?makes the
NEW JERSEY CENTRAL
i ot only the quickost, bnt the clean
est _.?d moet comfortablo road to
ritilaiiolphia, Faat traina every hour
rn tho hour from 7 A. M. to 10 P. M-,
a:-d at niidnipht, with _!ep?vs
ta mlootea trf th* boar frcen W. -J_ S?
ltairar' ?"arrt??1 ?n tr*ln with .n*w??T?fivr If d*
..- it rllbrr t.rmlua' w'thin r*Mi?>?-iM. tla?*

New-York tribune. [volume], December 20, 1912, Page 2, Image 2
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], December 20, 1912, Page 2, Image 2 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], December 20, 1912, Page 2, Image 2
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924