Book/Printed Material Testimony of J.P. Morgan before the Bank and Currency Committee of the House of Representatives, at Washington, D. C., appointed for the purpose of investigating an alleged money trust in "Wall street."
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Image 1 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street J P Morgans Testimony The Justification of Wall Street Compliments of- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 2 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 11 CI A 328 43 44 I- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 3 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 1 Testimony of J Pt9 Morgan Before the Bank and Currency Committee of the House of Representatives at Washington D C Appointed for the Purpose of Investigating an Alleged Money Trust in…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 4 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street cYVIorgan Epigrams I have absolute faith in the patriotism and public spirit of the Stock Exchange The moral responsibility has to be defended as long as you live Securities do not always…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 5 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street If I should attempt to tell where the money is in every transac tion I make I should have a hard time of it I did it because I thought it was…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 6 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street vvmF- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 7 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street PREFACE ACOMMITTEE of Congress chasing what some folks say is a chimera has elicited from perhaps the most renowned witness in the countrys history the most vital testimony Wall Street was on…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 8 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street was personal and authoritative The money king who had yearly dealt in hundreds of millions of dollars and not even a handful of words now discussed freely and frankly the technique the…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 9 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street THE HOUSE OF MORGAN Q Where do you reside Mr Morgan A New York Q Are you senior member of the partnership or firm of J P Morgan Co bankers of New…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 10 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street A They are not there as individuals The firm of J P Morgan Co and the firm of Drexel Co are partners as such as a firm Q In both the London…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 11 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street state commerce A Yes I suppose we do7I dO not remember any distinction between them Q The distinction between them is that certain corporations are engaged in commerce between the States and…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 12 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street ITT MR UNTERMVER No Yes it refers to the source of infor mation but it does not give us the name of the corporation MR LINDABURY It was made up from some…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 13 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 0 As a matter of policy A It is a mere matter of judg ment I should say Q As a matter of policy A As a matter of judgment I should…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 14 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q The details of your business you do not carry about you A I do not attend to the details of it but I would be perfectly willing to accept any statement…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 15 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street thought there were more than 20000000 of average deposits outside of these perhaps 110000000 He promised to put the exact figures in the record Mr Morgan said members of his firm were…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 16 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Mr Untermyer asked Did New York Central ever take any further official action A Nothing further Mr Morgan admitted under pressure that many million dollars worth of securities had been issued by…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 17 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Maine and December 19 1910 by the New Haven being signed by Charles S Mellen in each case I am still acting for these concerns their securities are being disposed of through…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 18 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street would it A Not that particular road but it has applied to other roads in New England and to other roads in New York State When there is a fiscal agent or…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 19 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street ever that whoever went on that board went with my approval O The board is named by you and your associates A No sir not now Q Nobody is nominated for that…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 20 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q It turned out pretty good A It did Very good indeed sir Q Y6u did not think you were taking any chances on it being good business when you took it…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 21 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street been profitable A Yes otherwise you could not get any of them taken Q Have you a vast market for your securities A Very often O The more people you have selling…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 22 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street committee of the First National Bank and that he and Mr Baker were old and close friends Their friendship dated at least from 1873 Q During that time your house has been…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 23 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street O You have a very large interest in the National Bank of Com merce have you not A I do not remember not very large about a million dollars At this the…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 24 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Tr Q You do not watch the details as to the management of any of these bank A No Q To whom do you refer that in your firm A Whoever happens…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 25 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street In speaking of the voting trust of the International Mercantile Marine Mr Morgan said he and Mr Steele Lord Pine and Mr Ismay were the trustees I am glad it is you…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 26 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street VOTING TRUSTS FOR SAFETY Mr Morgan added that in the infancy of a corporation or in its incipiency a voting trust in his opinion is necessary for the pro tection of the…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 27 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q Those institutions all appeal for the same kind of business do they not A No but they are all banks or trust companies O But they are all appealing for deposits…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 28 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street O You like a little if it does not hurt you Competition that hurts you you do not believe in Now another point Thisrnay be a sensitive subject I donotWatit to talk…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 29 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 9 Well assuming that you have it your idea is that when a man abuses it he loses it A Yes and he never gets it back again either O Have you…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 30 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 117rirr II Q Do you think that the same men that the same groups com ing together can dominate a number of institutions can still keep competition open between those institutions A…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 31 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street the directors of the Guaranty Trust Company were in the Bank of Commerce also a large number of the directors of the Guaranty Trust Company were in the Bankers Trust Company and…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 32 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q Did you help them A I dont know as they needed help but I always assist young men Q How about International Harvester A I never knew any thing about that…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 33 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street through That is all I havehad enough I wanted to have you Understand my view about the thing I villStop any remarks on my side hpwever this Pdint thecomMittee tOok tQasi ttc…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 34 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q You could only vote on a small proportion of them The people who did not choose to give you a voting trust on their stock would have representation in the Board…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 35 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street 0 And is it not the fact that in this country there has been a consistent and Continuous and increasing cementing and concentra tion and consolidation of thegreat systems A Ithink that…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 36 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q And you are acting on that assumption all the time are you not A I always do sir O Of course there is a possibility of your judgment being mis taken…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 37 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Baldwin Locomotive Company dominated by the same interests that dominate the railroad situation A No Q You are responsible for the securities issued A Morally yes O When trouble comes do you…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 38 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street O That meant doing away with competition did it not A That was the effect of it yes Q Do you believe in buying up competing railroads A That is a general…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 39 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street Q Fiftyone thousand dollars There were 510 sharesof stock A Yes 7 O What is the amount of dividends to which that stock is entitled A The regular dividend is 7 per…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
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Image 40 of Testimony of J.P. Morgan before the Bank and Currency Committee of the House …
J.P. Morgan's testimony, the justification of Wall Street yield you only one eighth or one ninth of one per cent A Because I thought it was a desirable thing for the situation to do that O That is very general…- Contributor: Untermyer, Samuel - United States. Congress. House. Committee on Banking and Currency - Morgan, J. Pierpont (John Pierpont)
- Date: 1912-01-01
About this Item
Title
- Testimony of J.P. Morgan before the Bank and Currency Committee of the House of Representatives, at Washington, D. C., appointed for the purpose of investigating an alleged money trust in "Wall street."
Other Title
- J.P. Morgan's testimony, the justification of Wall Street
Names
- Morgan, J. Pierpont (John Pierpont), 1837-1913.
- Untermyer, Samuel, 1858-1940.
- United States. Congress. House. Committee on Banking and Currency.
Created / Published
- [New York, Printed by Mail and Express Printing co., c1912]
Headings
- - Finance--United States
Medium
- 55 p. 19 cm.
Call Number/Physical Location
- HG181 .M6
Digital Id
Library of Congress Control Number
- 13001206
Online Format
- image
- online text
LCCN Permalink
Additional Metadata Formats
IIIF Presentation Manifest
Part of
Format
Contributor
- Morgan, J. Pierpont (John Pierpont)
- United States. Congress. House. Committee on Banking and Currency
- Untermyer, Samuel