Full text of Money Trust Investigation : Investigation of Financial and Monetary Conditions in the United States Under House Resolutions Nos. 429 and 504 Before a Subcommittee of the Committee on Banking and Currency, House of Representatives, (1912-1913) : Index to Parts 1-27, Pages 2143-2198

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MONEY TRUST INVESTIGATION
INVESTIGATION
OF

FINANCIAL AND MONETARY CONDITIONS
IN THE UNITED STATES
UNDER

HOUSE RESOLUTIONS NOS. 429 AND 504
BEFORE A

SUBCOMMITTEE OF THE COMMITTEE ON
BANKING AND CURRENCY




INDEX TO PARTS 1-27

WASHINGTON
GOVERNMENT PRINTING OFFICE

SUBCOMMITTEE OF THE COMMITTEE ON BANKING AND CURRENCY.
HOUSE OF REPRESENTATIVES.
ARSONS F. PUJO, Louisiana, Chairman.
WILLIAM 0. BEOWN. West Virginia.
GEORGE A. NEELEY, Kansas
ROBERT L. DOUGHTON, North Carolina.
HENRY McMORRAN, Michigan.
HUBERT D. STEPHENS, Mississippi.
FVERI8 A HAYES, Californi.i
JAMES A. DAUGHERTY, Missouri.
FRANK E. GUERNSEY, Maim.
IAMES F. BYRNES, South Carolina.
v\ 11.J.IAM H. HEALP, Delauan-.
R. W. FONTENOT, Clerk
A M. MCDEBMOTT, Auistaw clerk.




INDEX.
[The names appearing in brackets after the index lines indicate the person testifying
appears, the name last appearing is to be supplied.]

Where no name

ADAMS EXPRESS CO.:

interlocking directorates [Scudder, P.]
[Baker]

Page.

985, 988, 991. 998,1000 1002,1570
1472

AFFILIATED INSTITUTIONS:

holding companies distinguished [Reynolds]

1653,1656

ALBANY CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks, charges for [Frew]
ALBANY, N.

619

Y.:

discretionary point for collection of out-of-town checks [Cannon]
ALDERSON, W.

375

C:

testimony of

884

ALLIS-CHALMERS CO.:

stock of, held by Metropolitan Life Insurance Co. [Ecker]

1334

AMALGAMATED COPPER CO.:

holding company [Wolfson]
interlocking directorates [Scudder. P.]
stock dealings in, on New York Stock Exchange—
listing securities [Mabon]
manipulations [Wolfson]
[Burrage]
statistics as to [Scudder, L.]
[Exhibits Nos. 83-A-83-E]

719-740
992,995
362, 365-369,379-384
723
1580-1613
688-708,976
1135-1140

AMALGAMATION OF CORPORATIONS'

concentration of interests by [Morgan]

1061-1069

AMERICAN AGRICULTURAL CHEMICAL CO..

competitors of International Agricultural & Chemical Co. [Davison]
1866
interlocking directorates [Scudder. P.]
989, 993,1000
underwriting syndicates [Davison]
1869,1870
AMERICAN BANKERS' ASSOCIATION:

clearing-house department of—
by-laws [Exhibit Xo. 53]
functions of committee [Cannon]
membership list [Pugsley]
membership of Mr. Cannon on committee [Cannon]
membership list [Exhibit No. 52] [Pugsley]
membership of Mr. Cannon on executive council [Cannon]
recommendations for uniform adoption by clearing houses

562
216, 217
56C
217
T.61
217
217

AMERICAN BANK NOTE CO.:

sole engravers of certificates ol securities listed on New York Stock
Exchange [Kendall]
895-89/
stockholders also members of New York Stock Exchange [Exhibit No.
126]
900.927,928
AMERICAN BEET SUGAR CO.:

interlocking directorates [Scudder, P.]

993

AMERICAN CAN CO.:

interlocking directorates [Scudder, P.]
[Exhibit No 197-a]
stock dealings in—
statistics [Scudder, L.]
[Exhibits Nos. 106-108]

989,992,993,998,1000,1001
1569
688-708
1174-1178

AMERICAN CAR & FOUNDRY CO.:

interlocking directorates [Scudder, P.]

988,993,1000

AMERICAN COTTON OIL CO.:

interlocking directorates [Exhibit Xo. 197-a]



1569
2143

2144

INDEX.

AMERICAN EXCHANGE NATIONAL BANK OP NEW YORK:

Page.

data relating to out-of-town correspondence, loans, etc. [Niven].. 953-963,1192-1194
interlocking directorates [Scudder, P.]
990, 998,1001
underwriting syndicates [Davison]
1849-1853
AMERICAN LIGHT & TRACTION CO.:

interlocking directorates [Scudder, P.]

993

AMERICAN LOCOMOTIVE CO.:

interlocking directorates [Scudder, P.]

992,993,998,1000,1001

AMERICAN OIL FIELDS CO.:

holding of, by California Petroleum Co. [Henry]

1295-1297

AMERICAN PETROLEUM CO.:

holding of, by California Petroleum Co. [Henry].

1295-1297

AMERICAN RED CROSS SOCIETY OF WASHINGTON,!). C:

interlocking directorates [Exhibit No. 197-a]

AMERICAN SECURITY & TRUST CO. OF WASHINGTON, D.

interlocking directorates [Scudder, P.]

1570
C:

995,998

AMERICAN STEEL HOOP CO :

securities, removal from list of New York Stock Exchange [Mabon]

482-484

AMERICAN SHEET STEEL CO.:

securities, removal from list of New York Stock Exchange [Mabon]

482-484

AMERICAN STEEL & WIRE CO.:

securities, removal from list of New York Stock Exchange [Mabon]

483-484

AMERICAN SMELTING & REFINING CO.:

acceptance of guaranty of Consolidated Stock Exchange and member thereof
on stock transfers [De Aguero]
775
interlocking directorates [Scudder, P.]
992, 998,1000
stock dealings in, on New York Stock Exchange—
statistics [Scudder. P.]
688-708
[Exhibits Nos. 102-103]
1166-1169
AMERICAN SUGAR CO.:

acceptance of guaranty of Consolidated Stock Exchange and member
thereof on stock transfers [De Aguero]

775

AMERICAN SUGAR REFINING CO.:

interlocking directorates [Scudder, P.]
991,995,998
securities of, as unlisted securities on New York Stock Exchange—
[Mabon]
362-366

AMERICAN SURETY CO.:

interlocking directorates [Scudder, P.]
[Exhibit No. 197-a]

988,991,993,996,998,1000,1001
1569

AMERICAN TELEPHONE & TELEGRAPH CO.:

interlocking directorates [Scudder, P.]
[Baker]
[Exhibit No. 197-a]
[Winsor].
Morgan & Co. as fiscal agents for [Morgan]
underwriting syndicate in Baker]
Schiff]
Davison]
Winsor]

986,989,992,993,1002
1543
1570
1996
1017
1548,1549
1664
1858,1859
1992-2000

AMERICAN TIN PLATE CO.:

securities, removal from list of New York Stock Exchange [Mabon]

482-484

AMERICAN TOBACCO CO.:

absorption by Consolidated Tobacco Co. [Pomroy]
[Exhibite NOB. 36-44]

495-498
501-504

ANACONDA COPPER CO.:

(See Amalgamated Copper Co.)

ANTHRACITE COAL:

control of output of, by anthracite coal railroads [Baker]

1506,1507,1510-1518

ANTHRACITE COAL RAILROADS:

(See also the titles of the various railroads.)
control of, by Morgan and Baker [Morgan]
control of output of anthracite coal [Baker]
holdings of First Security Co. in [Baker]
interlocking directorates [Baker]

1061
1506,1507,1510-1518
1504-1510
1472-1479

ARMOUR & Co.:

interlocking directorates [Scudder, P.]
underwriting syndicate in [Baker]



995
1549

INDEX.

2145

ARMSTRONG, WILLIAM W.:

Page,

testimony of

1213-1228

ASPEGREN, JOHN:

testimony of

929-932

ASTOR NATIONAL BANK OF XEW YORK:

holdings of Baker, George F., in [Baker]

1460

ASTOR PLACE BANK or NEW YORK:

merger with Corn Exchange Bank [Frew]

376

ASTOE TRUST CO. OF NEW YORK:

capital of [Davison]
1812
deposite in
1812
executive committee, list of [Davison]
1811
interlocking directorates Scudder, P.]
980,981,984,988,990-992,998-1002
Exhibit No. 197-A]
1569,1570
Davison]
1811,1812
Baker]
1446,1447
[Hine]
2020,2021
surplus and undivided profits of
1812
underwriting syndicates [Davison]
1849-1853
voting trusts [Scudder, P.]
]002

ATCHISON, TOPEKA & SANTA F E RAILROAD:

interlocking directorates [Scudder, P.]
985,991,993,995,998
refusal of guaranty of Consolidated Stock Exchange on stock transfers
[De Ag^iero]
767
underwriting syndicates [Baker]
1547-1549
[Lane]
2004

ATLANTIC COAST LINE:

competitor of Seaboard Air Line [Davison]
competitor of Southern Railway
transfer of Louisville & Nashville Railroad to [Baker]
underwriting syndicates [Davison]

1830,1831
1830,1831
1549,1550
1829-1831

ATLAS PORTLAND CEMENT CO.:

underwriting syndicates [Davison]

1868

AUDIT COMPANY OF NEW YORK:

interlocking directorates [Exhibit No. 197-A]
BAIRD, DAVID G.:

testimony of

1570
882-884

BAKER, GEORGE F.:

acquisition of holdings of Mutual Life Insurance Co. and Equitable Life
Assurance Society in National Bank of Commerce of N. Y. [Baker].. 1461-1471
connection, with Central Railroad of N. J
1504,1505
connection with New York Central Railroad
1504,1505
control of anthracite coal roads [Morgan]
1061
[Baker]
1506-1510
dominance of power of [Baker]
1538-1541
interest in transportation facilities in New York City
1554,1555
interlocking directorates [Scudder, P.]
1002
[Exhibit No. 197]
1490,1568,1569
[Baker]
14671469,1479,1489-1491,1508,1509,1516-1518,1520.1529,1543,1551,1555
membership on executive committee of United States Steel Corporation
1543-1545
membership on finance committee of Mutual Life Insurance Co
1471,1472
personal holdings in certain institutions [Baker].. 1435,1457-1461,1524,1530-1532
testimony of
1419-1479,1489-1568
underwriting syndicates [Baker]
1507,
1508,1513,1514,1521,1522,1524-1526,1529,1530,1543-1559
voting trusts [Scudder, P.]
1002,1003
[Morgan]
1018
[Baker]
14471453,1517,1518,1520,1521,1523,1524,1528,1529,1560,1561
[Davison]
1824,1826-1829

BAKER, STEPHEN:

voting trusts [Davison]

1812-1824

BALDWIN LOCOMOTIVE WORKS:

interlocking directorates [Scudder, P.]
[Exhibit No. 197-A]
underwriter syndicates [Davison]



986,988,991,993,995,998,1001
1570
1869

2146

INDEX.

BALANCE OF EXCHANGE:

Page-

as favoring interior points as against New York City [Sherer]

151

BALTIMORE:

discretionary point as regards collection of out-of-town checks [Cannon]...

375

BALTIMORE & OHIO RAILROAD:

control of Cincinnati. Hamilton & Dayton Railroad [Baker]
interlocking directorates [Scudder, P.]
[Exhibit No. 200]
underwriting syndicates in [Exhibit No. 200]
voting trusts [Morgan]
[Exhibit No. 200]

1517
991,995,996,998
1695
1712-1746
1042-1043
1769-1772

BALTIMORE CLEARING HOUSE ASSOCIATION:

(See alto the titles of the other clearing house associations.)
advantages of privileges in [Cloud]
509
collection of out-of-town checks—
collection without charges [Cloud]
513,514
[Newcomer]
524, 529, 531
regulation of charges [Cloud]
510-513
'Newcomer]
530
constitution and by-laws [Levering]
520,521
Exhibit No. 47]
539
date of establishment [Wilcox]
540
executive committee [Levering]
521
interest on deposits [Newcomer]
531
interest on loans
531
members—
examination of as to solvency [Newcomer]
537
competition between
538
number [Levering]
521
nonmembers with clearance privileges—
annual charge for clearance privileges [Newcomer]
523
application of Equitable Mortgage & Trust Co. of Baltimore for
[Bland]
514-519
[Newcomer]
525-528
[Wilcox]
540-542
application of State Bank of Maryland for [Cloud]
507-510
[Newcomer]
525-528
[Wilcox]
540-542
approval before granting clearance privileges [Newcomer]
523
compelling subscription to regulations applicable to members
533
notice of suspension of clearance privileges
536
number [Levering]
521
rules and regulations governing [Cloud]
510
[Levering]
521,522
[Newcomer]
524
public regulation of [Levering]
520
[Newcomer]
535-539
rule prohibiting clearances by nonmembers through members [Cloud]
508
unincorporated association [('"loud]
507
[Levering]
520
BANKERS' ASSOCIATIONS.

(See American Bankers' Association.)
BANKERS' SAFE DEPOSIT CO.:

directorship of First National Bank of New York in [Exhibit No. 197-A]..

1570

BANKERS' TRUST CO. OF NEW YORK:

absorption (if Manhattan Trust Co. [Cannon]
214,215
[Frew]
602-307,612
absorption of Mercantile Trust Co. [Cannon]
214,215
[Frew]
602-607, 612
absorption of other institutions, participation of Morgan & Co. in [Davison].. 1871
absorption oi Trust Co. of America [Cortelyou]
450
acquisition of control of Guaranty Trust Co. [Baker]
1451
[Davison]
1814-1815
bond dealings of [Davison]
1856
capital stock [Frew]
600-602,605
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1196
deposits with [Frew]
".
599-602, 612



INDEX.
BANKERS' TRUST CO. or NEW YORK—Continued.

2147
Page.

deposits with [Day]
1330
deposits by corporations issuing securities through Morgan & Co. [Davison]
1871,1872
directors, number of [Davison]
1870
executive committee [Frew]
597
interlocking directorates [Scudder, P.]
980,
981, 984, 988, 990, 992, 993, 997, 998, 999,1001
Morgan]
1041
Exhibit No. 197-A]
1570
Davison]
1811,1812
Sine]
2020,2021
merger of other institutions [Morgan]
1056-1057
personal holdings of Mr. Baker in [Baker]
1460
phenomenal growth of [Frew]
602,609-610, 612
purchase of stock of Mercantile Trust Co. held by Equitable Life Assurance
Society [Day]
1329-1330
reference and index system showing loans of institutions affiliated with—
[Constantine]
1302-1303
[Tillinghasti
1304,1305
refusal of guaranty of Consolidated Stock Exchange [De Aguero]
767
statements of financial condition of [Frew]
600-602
[Exhibits Nos. 57-66, 66-A-66-E]
600
surplus [Frew]
600-602
underwriting syndicates [Davison]
1849-1853
undivided profits
600-602
voting trusts [Scudder, P.]
986,989, 992,994,999,1002
[Frew]
596-599, 607,609,610, 656-667
Morgan]
1039-1040
Day]
1331-1332
Perkins]
1618-1622
Schiff]
1687
[Davison]
1812,1816-1825,1856
BANK OF ENGLAND:

average of shares held by one person [Morgan]
number of share holders [Davison]
ownership of bank shares by
persons excluded from directorships
voting power of stockholders
Pavison]

1058,1059
1970,1971
1059
1058,1882,1883
1058,1059
1971

BANK OF FRANCE:

average of shares held by one person [Morgan]
persons excluded from directorships [Davison]

1059
1882,1883

BANK OF MANHATTAN CO.:

data relating to out<>f-town correspondents, loans, etc. [Niven]. 953-963,1195,1196
independent organization [Sherer]
127
interlocking directorates [Scudder, P.]
992, 995,1001
BANK OF NORTH AMERICA:

(See also Oriental National Bank.)
call of loan certificates issued to by New York Stock Exchange, solvency of
bank at time of [Hanna]
469
receivership and liquidation of [Hanna]
458-461
[Exhibits Nos. 32-33]
460-461
BANKS:

{See Fiscal agencies; Interlocking directorates.)
{See also the titles of the various banks and trust companies.)
advantageous position of bank with surplus over bank without in case of
losses [Frew]
578-581
assets—
carrying in private account [Frew]
576
publicity of [Baker]
1495,1496
'
[Schiff]
1690
balances of Equitable Life Assurance Society in principal banks for certain years [Exhibit No. 135-B]
1214
balances of Metropolitan Life Insurance Co. in principal banks for certain
years [Exhibit No. 135-C]
1214



2148

INDEX.

BANES—Continued.
Page
balances of Mutual Life Insurance Co. in principal banks for certain years
[Exhibit No. 135-A]
1213
balances of New York Life Insurance Co. in principal banks for certain
years [Exhibit No. 135]
1213
combination to stifle competition [Sherer|
159
commercial and financial operations of distinguished [Reynolds]
1646,1647
consolidation and amalgamation of, purpose of, to concentrate interests
[Morgan]
1061-1066
consolidation of industrial corporations, effect on method of financing
[Hepburn]
315
control of—
by executive officers [Sherer]
193-194
by few persons [Hepburn].
310
by insurance companies [Ecker]
1335
by persons controlling patronage of [Sherer]
163
dependency on stock ownership
193
depositors' voice in [Morgan]
1086-1087
control of board of directors [Davison]
1972-1974
cumulative voting [Baker]
1518
[Hill]
1993,1994
[Hine]
2048, 2049
data relating to, refusal to furnish [Cannon]
205-210
[Murray]
1376-1380
deposit of gold coin, etc., with clearing house association and issue of
clearing house certificates [Vanderlip]
276
deposit of gold coin or legal tender in subtreasury and issue of gold certificates
277
deposit of silver in subtreasury and issue of silver certificates
276
deposits with, by United States during panic of 1907 [Cortelyoul
437-454
[Mabon]
485-487
directors—
advisability of small boards [Perkins]
1628,1629
Reynolds]
1640-1642
Schiff]
1686
[Davison]
1870,1871
borrowing from, by [Baker]
1565
right to inspect collateral loans [Morgan]
1090-1091
directorships in corporations doing business with [Reynolds]
1642,1643
examination by bank examiners, thoroughness of [Schiff]
1690-1691
fiscal agencies for interstate corporations [Hepburn]
313-316
Government regulation of [Schiff]
,
1682,1683
gross deposits and net deposits distinguished [Frew]
599,600
holding companies, advisability of [Schiff]
1691-1694
independence of, in England [Morgan]
1060
interest on deposits, competition as to rate of [Sherer]
160
interlocking directorates Sherer]
161,193
Scudder, P.]
981-1003
Morgan]
1047-1057
Exhibit No. 200]
1765
Davison]
1963-1970
Hine].
2020,2021
judicial review and control of JBherer]
164
list of in which Kuhn, Loeb & Co. have acquired interests [Exhibit No. 200]. 1696
loans by—
October 24, 1907 [Steele]
457
[Exhibits Nos. 31, 34]
456,457,485
on Consolidated Stock Exchange [Cannon]
350
on New York Stock Exchange
352
[Henry]
1275
loans on collaterals—
admission of securities to official list of New York Stock Exchange as
prerequisite [Ely]
324
demand loans [Cannon]
346-349
on unlisted collateral
347-348
loans to, October 24, 1907 [Steele]
455-457
[Exhibit No. 31]
456



INDEX.

2149

BANKS—Continued.
Pago.
management [Hine]
2040,2041
merger and consolidation in England [Morgan]
1060
monopolies in [Davison]
1881-1885
minority representation of stockholders Baker]
1518
Perkins]
1622-1624
Reynolds]
1653
Schiff ]
1678-1680
Davison]
1972,1973
Hill]
1990-1993
Hine]
2048,2049
national banks, authority to have branches [Cannon]
204
number of, in United States [Sherer]
183
[Davison].
1960-1961
number of, carrying balances in New York City [Cannon]
351
officers borrowing from [Davison]
1975-1977
participation of officers in underwriting syndicates [Winsor]
2000-2002
per cent of earnings on capital [Sherer]
160
potential competition with banks in New York City
161
profit to New York institutions on exchange in favor of interior points
[Vanderlip]
280, 281
publicity of assets [Davison]
1872,1873
publicity of list of stockholders
1872-1874
reorganization of railroad companies
1864,1865
reserves [Davison]..
1985
secrecy of assets [Hine]
2039,2040
State banks, authority to have branches [Cannon]
204
stock dealings by [Sherer]
159
[Morgan]
1076-1078
underwriting syndicates, participation in by [Morgan]
1028-1033
[Henry]
1271-1277
[Schiff]
1672,1673,1675-1678
[Hine]
2030-2047
voting power of shareholders [Davison]
1971,1972
BANQUE DE L'INDO CHINE :

interlocking directorates [Davison]

1882,1883

BARING BROS.:

underwriting syndicates [Schiff]
[Davison]

1664
1858,1859

BATONNE, N. J.:

discretionary point as regards collection of out-of-town checks [Cannon]...

375

BAT STATE TRUST CO.:

interlocking directorates [Winsor]

1996

BEEKMAN, CHARLES K.:

testimony of

263-267

BIG BLACK FOOT MILLING CO.:

(See Amalgamated Copper Co.)
BLAND, JOHN R.:

testimony of

514-518

BLAIR & Co.:

interlocking directorates in various institutions [Scudder, P.]
Underwriting syndicates [Davison]

980-981
1868

BOSTON:

discretionary point as regards collection of out-of-town checks [Cannon]...

375

BOSTON & MAINE RAILROAD:

fiscal agency of Morgan & Co. for, correspondence relating to [Exhibit No.
141]
1097
underwriting syndicates [Baker]
1550
BOSTON & MONTANA COPPER CO.:

(See Amalgamated Copper Co.)
BOSTON SAFE DEPOSIT & TRUST CO.:

interlocking directorates [Winsor]

1996

BOSTON CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks [Frew]
618,619,655,656
listed securities, requirement as to engraving of certificates [Kendall]
896
loans on collaterals [Griesel]
752



2150

INDEX.

BRADBURY & WILKINSON CO.:

Page-

engraving of certificates listed on New York Stock Exchange [Kendall]. 897,898

BROOKLYN CITY RAILROAD CO.:

stock of, held by Mutual Life Insurance Co. [Peabody]

1318

BROOKLYN RAPID TRANSIT CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
statistics as to dealings in stocks of [Scudder, L.]
688-708
[Exhibits Nos. 94-96]
1152-1156

BROOKLYN TRUST CO.:

data relating to out-of-town correspondents, loans, etc. [Niven]
interlocking directorates [Exhibit No. 197-A]
[Hine]

953-963,1197
1570
2020, 2021

BUFFALO CLEARING HOUSE ASSOCIATION:

combination on rates of interest [Sherer]
fixing rates of exchange and of collection charges
fixing rates of interest or discount for collection of out-of-town checks

155-156
154
139

BURLINGTON, CEDAR RAPIDS & NORTHERN RAILWAY:

directorship of Firet National Bank of N. Y. in [Exhibit No. 197-A]

1570

BURRAGE, ALBERT C:

testimony of

1580-1613

BURTON, CHARLES S.:

testimony of

1244-1248

BUSH, IKVING T.:

testimony of

106,111

BUTTE & BOSTON COPPER CO.:

(See Amalgamated Copper Co.1

CALIFORNIA PETROLEUM CO.:

dealings in stocks of Scudder, L.]
688-708
Lewisohn]
922-926, 933-943
Exhibit No. 130]
928
Feder]
944-952
Exhibit No. 88]
1146
[Henrv]
1281-1297
listing of, on New York Stock Exchange [Lewisohn]
921
statement of accounts of Lewisohn Bros., as to purchase and sale of
[Exhibit No. 132J]
951,1186-1191
holding corporation [Lewisohn]
941-943
[Henry]
1295-1297
not engaged in interstate commerce [Lewisohn]
941-943
underwriting syndicate [Lewisohn]
914-920,933
[Exhibits Nos. 131,132]
933,965-969
Exhibits Nos. 160-162]
1279,1342-1343
'Henry]
1250,1255,1268-1297
voting trusts [Henry]
1250-1255,1268-1297
[Exhibits Nos. 149-153]
1253,1255,1261-1266

CALL MONEY:

highest point of quotation during panic of 1907 [Cannon]
[Thomas]

352
354-355

CANADIAN PACIFIC RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]

CANADA SOUTHERN RAILWAY:

underwriting syndicates [Davison]

CANNON, JAMES G.:

testimony of

CARNEGIE, ANDREW J.:

subscription to National Citizens' League [Bush]

CAR TRUST INVESTMENT CO.:

interlocking directorates [Exhibit No. 197-A]

CASE, GEORGE B.:

voting trust [Frew]

CEDAR RAPIDS, IOWA FALLS & NORTHWESTERN RAILWAY:

interlocking directorates [Exhibit No. 197-A]




775
1857

200-235,343-353,374-378
109
1570
607
1570

IXDEX.

2151

CENTRAL LEATHER CO.:

Pagp.

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
interlocking directorates [Scudder, P.]

775
995

CENTRAL RAILROAD OF NEW JERSEY-

connection of Mr. Baker with [Baker]
1504,1505
directors' meetings [Baker]
1509
executive committee
1509,1510
interlocking directorates [Baker]
1473,1476,1516
[Exhibit No. 197-A]
1570
ownership of. by Philadelphia & Reading Railroad
1509
ownership of Lehigh & Wilkes-Barre Coal Co
1479,1510
per cent of anthracite coal shipped over
1507
Central Trust Co., of Chicago:
interlocking directorates [Scudder, P.]
994
Central Trust Co., of New York:
Acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
interlocking directorates [Scudder, P.]
990,995,996,998
[Schiffj
1680
not clearing through New York Clearing House Association [Frew]
623
stock of, held by Metropolitan Life Insurance Co. [Ecker]
1335
underwriting syndicates [Davison]
1849-1853
Certified public accountants:
chart showing assets of certain life insurance companies and explanation
thereof [Scudder, L.]
974-978,1212
explanation of data relating to certain members of New York Clearing
House Association [Niven].
953-963,1192-1211
investigation of New York Stock Exchange brokerage houses by [Morse]. 708-717
CHAPPELL, WALTER F.:

testimony of

1777-1783,2142

CHASE NATIONAL BANK OP NEW YOEK:

capital stock [Baker]
1500
control of, by First National Bank of N. Y. [Baker]
1425-1428.1437.1438
[Davison]
1870
control of, by First Security Co
1437-1439,1440,1441.1496-1498
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1198
deposit of money in, by United States during panic of 1907 [Cortelyou]... 442
deposits in [Baker] ".
"
1501
dividends [Baker]
1500
interlocking directorates Scudder, P.]
980,981,988,990,992,999,1000,1002
[Exhibit No. 197-A]
1570,1571
Davison]
1810
'Hill]
1987
Hine]
2020,2021
loans on stock exchange Frew]
649
Griesel]
745,750,751
Baker]
1501
stockholders of 1,000 shares and over in [Exhibit No. 204]
1798
surplus [Baker]
1501
underwriting syndicates [Davison]
1869,1870
[Lane]
2013-2018
voting trusts [Scudder, P.]
1000

CHEMICAL NATIONAL BANK OP NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1198
interlocking directorates [Scudder, P.]
984,988,990,992,998,1001
[Davison] Henry P. Davison
1812

CHESAPEAKE & OHIO RAILROAD:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
competition with Virginia Railway [Davison]
1986
interlocking directorates [Scudder, P.]
995,998
underwriting syndicates [Baker]
1550,1551
[Schiff]
1688-1689

CHICAGO & ALTON RAILROAD:

underwriting syndicates [Exhibit No. 200]



1747-1752

2152

INDEX.
Pa

CHICAGO. BURLINGTON & QUI.VCY RAILROAD:

interlocking directorates Scudder, P.]
Baker]
Hill]
underwriting syndicates Baker]
[Winsor]
Lane]

se.

988,991,998,1000,1001
1472,1516,1570
1988
1551
2000
2004,2005

CHICAGO CLEARING HOUSE ASSOCIATION:

clearing house committee [Reynolds]
1643,1644
collection of out-of-town checks
1647-1653
constitution, regulations, and by-laws [Exhibits Nos. 71-73]
687,1103-1119
examining department of [Reynolds]
1644-1646
incorporation of, advisability
1654
interest charges, regulation.
1647-1651
members, number
1643
minimum amount of capital required for admission to membership
1643
nonmembers with clearance privileges
1643
voluntary association
1643

CHICAGO CITY RAILWAYS:

underwriting syndicates [Baker]

1555

CHICAGO ELEVATED RAILWAYS CO.:

interlocking directorates [Scudder, P.]

995

CHICAGO, INDIANAPOLIS & ST. LOUIS RAILWAY:

Morgan & Co. as fiscal agents for [Morgan]

1007,1008

CHICAGO, GREAT WESTERN RAILROAD:

control of, by Morgan & Co. [Baker].
"1523
interlocking "directorates [Scudder, P.]. 985,987,989,991-993,999,1000,1002,1003
[Baker]
1472,1520,1521
voting trusts [Morgan]
1041,1042
[Davison]
1865

CHICAGO, MILWAUKEE & ST. PAUL RAILWAY:

interlocking directorates [Scudder, P.]
stock of, held by Equitable Life Assurance Society [Day]
stock of, held byMutual Life Insurance Co. [Peabody]

CHICAGO & NORTH WESTERN RAILROAD:

interlocking directorates (Scudder, P.]
stock of, held by Mutual Life Insurance Co. [Peabody]

CHICAGO, ROCK ISLAND & PACIFIC RAILWAY:

interlocking directorate? [Scudder, P.]
[Exhibit No. 197-A]
[Baker]

CHICAGO & WEST INDIANA RAILROAD:

Morgan & Co. as fiscal agents for [Morgan]
underwriting syndicates [Davison]
[Hine]

991,995
1328
1317
991,995
1316

988,991, 993,998,1000,1001
1570
1543
1007
1857,1858
2045

CHICAGO STOCK EXCHANGE:

loans on collaterals [Griesel]
CHOCTAW. OKLAHOMA & GULF RAILROAD:

interlocking directorates [Exhibit No. 197-A]

752
1570

CINCINNATI. HAMILTON & DAYTON RAILROAD:

control of by Baltimore & Ohio Railroad [Baker]
interlocking directorates [Baker]
voting trusts [Morgan]
[Baker]

1517
1516-1518
1043
1517,1518

CITY SECURITIES CO. OP NEW YORK:

community of interest in and ownership by National City Bank—
[Vanderlip]
290
[Morgan]
1036,1074-1075
CLEARING HOUSE ASSOCIATIONS:

(see, also, Albany Clearing House Association; Baltimore Clearing House
Association; Boston Clearing House Association; Buffalo Clearing House
Association; Chicago Clearing House Association; New York Clearing
House Association.;
abuses of privileges by [Newcomer]
532
American Bankers Association as approximating clearing house of clearing
houses [Cannon]
216



INDEX.
CLEARING HOUSE ASSOCIATIONS—Continued.

2153
Page.

clearing-house certificates [Hepburn]
302,303,316-317
[Cannon]
343-346
clearing house department of American Bankers' Association [Cannon]... 217
collection of out of town checks [Cannon]
217-219,376-378
[Vanderfip]
279
[Hepburn]
303
[Frew]
618-620, 670
effect of refusal of clearance privileges in [Knox, A.]
549, 551
equal facilities to all banks, desirability of offering [Vanderlip]
291
examinations of banks members of [Murray]
1389-1392
importance of in interstate commerce [Sherer]
139
incorporation, desirability of [Vanderlip]
291
[Newcomer]
540
Knox, A.]
548
Murray]
1391,1392
Davison]
1886,1887
jurisdiction of comptroller of currency over [Murray]
1392,1393
necessity of in finance [Knox, A.]
549
number of [Cannon]
216,378
[Pugsley]
560
primary purpose of [Hepburn]
302
public functions accomplished by [Newcomer]
530
rates of charges on collection of dividend checks [Vanderlip]
275,276
rates of discount [Sherer]
140
rates of interest on deposits [Sherer]
158,159
Cannon]
218
Vanderfip]
275,278
[Reynolds].
1651
rates of interest on loans [Sherer]
158,159
[Cannon]
217,218
[Vanderlip]
278, 279
rates on purchase and sale of exchange [Cannon]
218
regulations for admission to membership in, advisability of [Newcomer]. 534,535
Stock Exchange clearing house [Mabon]
479-480
supervision and control of, by Government Vanderlip]
291, 292
Hepburn]
301,302
Newcomer]
532.535,539
Morgan]
1078-1081
CLEVELAND, CINCINNATI, CHICAGO & ST. LOUIS RAILROAD:

interlocking directorates [Baker]
Morgan & Co. asfiscalagents for [Morgan]
[Exhibit No. 142]
underwriting syndicates [Baker]

1551
1014
1100-1101
1551,1552

CLOUD, W. W.:

testimony of

506-514

COAL:

(See Anthracite Coal; Anthracite Coal Railroads.)

COLORADO FUEL & IRON CO.:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
dealings in stocks of [Scudder, L.]
688-708
[Exhibits Nos. 100-101]
1162-1165
interlocking directorates [Scudder, P.]
991, 998
[Baker]
1520
[Exhibit No. 197-A]
1570,1571
COLUMBIA-KNICKERBOCKER TRUST CO. OP NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
COLUMBUS & HOCKING VALLEY COAL CO.:

pools in stock of [Popper]
[Cnss]
[Exhibits Nos. 127-129]

953-963,1199
904-908
908-913
912,1183-1185

COLUMBUS & HOCKING COAL & IRON CO.:

pools in stock of Scudder, L.]
Morse]
Exhibit No. 109]
Exhibits Nos. 90-93]



688-708
708-717
711-1178
1147-1151

2154

INDEX.

COMMERCE.

\Set Interstate Commerce.)
COMMERCIAL BANK OF SCOTLAND:

interlocking directorates prohibited [Morgan]
ownership of bank shares by
voting power of stockholders
v

COMMONWEALTH EDISON CO.:

interlocking directorates [Scudder, P.]

COMMONWEALTH TRUST CO. OF BOSTON:

interlocking directorates [Winsor]
[Lane]

COMPTOIB NATIONAL D'ESCOMPTE:

interlocking directorates [Davison]

Page.

1058
1059
1058
989
1996
2003

1882,1883

COMPTROLLER OF CURRENCY:

report as to daily dealings in out-of-town checks by New York banks [Hepbum]
307,309
testimony of Mr. Murray
1375-1418

CONCENTRATION:

money and credits by financial institutions—
[Reynolds]
[Perkins]
[Schiff]
[Davison]

CONSOLIDATED COAL CO:

underwriting syndicates [Schiff]

1654,1655,1657,1658,1660
1629-1635
1686-1688,1691-1694
1883-1887,1959-1987
1673

CONSOLIDATED GAS CO.:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
control of, by City Bank of New York [Peabody]
1317
[Baker]
1555
dealings in stock of [Scudder, L.]
688-708
[Exhibits Nos. 104,105]
1170-1173
interlocking directorates [Scudder, P.]
989,992,995
[Baker]
1555
[Exhibit No. 197-A]
1570
stock oi, held by Mutual Life Insurance Co. [Peabody]
1317
underwriting syndicates [Schiff]
1673-1675
CONSOLIDATED STOCK EXCHANGE:

assets of [De Aguero]
774
list of corporations accepting and refusing guaranty of—
TDeAguercJ
767
[Exhibits Nos. 122,124]
774. 775
loans by banks on [Cannon]
349-350
members, number of [Heim]
762
prohibition by New York Stock Exchange of doing business with—
Ely]
326-330,336
Cannon]
350
Mabon]
385. 387. 388
Heim]
756-766
Exhibits Nos. 112, 113, 115]
759. 762-766
De Aguero]
766-776
Exhibits Nos. 116-121].
767-772
Ober].
776-779
Deitz]
779-780
Jarvis]
780-781
[Sturgis]
818-S20
restricted market of [Heim]
761
sale of securities by member of, on New York Stock Exchange prohibited by
rule of New York Exchange [Mabon].
". 403
securities listed on New York Stock Exchange listed en Consolidated Exchange [Ely]
329
[Cannon]
:
350
size and importance of, as compared with New York Stock Exchange [Ely] 322-323
ticker privileges denied to, by New York Stock Exchange [Sturgis]
". 818- 820

CONSOLIDATED TOBACCO CO.:

consolidation with American Tobacco Co. and Continental Tobacco Co.—
[Pomroy]
495-498
[Exhibits Nos. 34-44]
501-504

dominating interest of Thomas F. Ryan in [Pomroy]
497


INDEX.

2155

CONSOLIDATION OF BANKS:

Page-

in England [Morgan]

1060

CONSOLIDATION OF CORPORATIONS:

effect on cortrol of by financial institutions [Hepburn]
effect on method of
financing
effect as concentrating interests [Morgan]
[Baker]

314,315
315
1001-1069
1566-1568

CONSORTIUM BANK:

interlocking directorates [Davison]

1882,1883

CONSTANTINE, RlCHARD B . :

testimony of

1301-1303

CONTENT, HARRY:

testimony of

868-879

CONTINENTAL & COMMERCIAL NATIONAL BANK OP CHICAGO:

affiliated institutions [Reynolds]
1637-1640,1655,1656
balances of in New York City [Cannon]
352
capital stock
351,352
[Reynolds]
1637,1638
checking accounts, number
1641
deposits in [Cannon]
351,352
[Reynolds]
1637,1638,1647,1648
directors, number [Reynolds]
1639-1642
interlocking directorates [Scudder, P.]
980, 981,995,1001
investments [Reynolds]
1638,1639,1659
liquid assets [Reynolds]
1659
list of stockholders of 1,000 shares and over in [Exhibit No. 202]
1798
loans to directors or officers [Reynolds]
1641,1642
net profits on capital and surplus
1658
out-of-town bank accounts in, number
1641
reserve of
1658,1659
surplus and profits
1637,1638

CONTINENTAL & COMMERCIAL TRUST & SAVINGS BANK OF CHICAGO:

interlocking directorates [Scudder, P.]

CONTINENTAL INSURANCE CO. OF NEW \ O R K :

interlocking directorates [Scudder, P.]

988,991,993,998,1000,1001

CONTINENTAL TOBACCO CO.:

absorption by Consolidated Tobacco Co. [Pomroy]
[Exhibits Nos. 36-44]

CONVERSE, EDWARD

995,1001

495-498
501-504

C:

interest in constituent companies of United States Steel Corporation
[Davison]
1809
voting trusts [Davison]
1812-1824

COFFEE:

(See Valorization of coffee.)

COTTON BROKERS:

membership in New York Produce Exchange [Mabon]

471

COPPER:

(See aho Amalgamated Copper Co.)
manipulations of price of [Wolfson]
[Exhibits Nos. 101, 111, 112]

717-740
723,740,1179-1182

CORNERS:

^Sei also New York Stock Exchange.)
in copper [Wolfson]
in stocks [Pomroy]

717-740
499-501

CORN EXCHANGE BANK OF NEW YORK:

balance of deposits of out-of-town correspondents at various times [Frew].. 646
branch banks of
577
capital and surplus of out-of-town correspondents
643-647
capital stock
576,577
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1199
interlocking directorates [Scudder, P.]
992
merger of other banks_with [Frew]
576
net deposits
576
statement of balances of out-of-town correspondents of [Exhibit No. 68]. 643-645
surplus [Frew]
576
surplus account, increase in capital stock credited to
577
undivided-profits account earned in surplus account
576



2156

INDEX.

CORPORATIONS :

(See also the specific titles.)
buying and selling of own stock [Perkins]
consolidation and amalgamation of, effect [Morgan]
control of, by minority of stock [Frew]
:
cumulative voting [Perkins]
[Hine]
domination of, by men with neither stock nor offices in [Morgan]
holding companies, propriety of [Davison]
issue of pay checks circulating as money [Cannon]
overthrow "of management by stockholders [Davison]
present number of [Davison]
representation of minority stockholders [Schiff]
[Hine]
stock issues, offer to stockholders [Davison]
stock of, held by life insurance companies [Peabody]
[Ecker]

CORTELYOU, GEORGE B.:

testimony of

CRAMP & SONS:

voting trusts in [Morgan]
[Baker]

CREDIT LYONNAIS:

interlocking directorates [Davison]

CREDITS:

control of Morgan]
Baker]
Perkins]
Reynolds]
Schiff]
Hine]

CRISS, HUGH F.:

testimony of

CUMULATIVE VOTING:

corporations [Perkins]
defined [Morgan]
desirability of
[Hill]

CURB MARKET:

Page.
1616,1617
1061-1069
611
1624
2048,2049
1086
1875-1879
344
1828,1829
1960-1961
1678-1680
2048,2049
1977-1978
1313-1321
1323-1335
430-454
1044
1528,1529
1882,1883

1047-1055,1081-1084
1566-1568
1629-1635
1654,1655,1657,1658,1660
1686-1688,1691-1694
2041,2042
908-913
1624
1059
1059
1992-1994

board of representatives [McCormack]
1297
commissions on transactions on [Keppler]
859
constitution; by-laws and regulations
861-862
[Exhibit No. 163]
1298,1343-1357
dealings in securities listed on New York Stock Exchange [McCormack]
1300
dealings on by members of New York Stock Exchange [Mabon]
471-473
[Ober]
776
[Sturgis]
814-815
[Keppler]
858,859
incorporation [Mabon]
473
initiation fees [McCormack]
1298
location [Mabon]
473-474
[McCormack]
1298
membership fees
1298
members, number [Mabon]
473
[McCormack]
1298
negotiations with New York Stock Exchange for permission to do business—
[McCormack]
1298-1300
[Exhibits Nos. 164-165]
1299-1357
organization of [Ober]
778
persons dealing with exchange other than New York Stock Exchange eligible to membership in [Sturgis]
815
prohibition of doing business with members of exchange other than New
York Stock Exchange [Ober]
778
proportion of business done in by stock-exchange members [Ober]
778
relations of Mr. Deitz with [Deitz]
780
resolution of New York Stock Exchange placing on unlisted list securities
dealt in on curb [Mabon]
474-478




INDEX.

2157

CURB MARKET—Continued.

Page.

resolution of New York Stock Exchange prohibiting dealings by members of
on curb
475
securities dealt in on New York Stock Exchange or Consolidated Stock
Exchange [Ober]
778-779
securities dealt in not listed on New York Stock Exchange
779
securities listed on New York Stock Exchange dealt in [Sturgis]
816-818
[Keppler]
859-860
securities listed on New York Stock Exchange not permitted to be listed
in [Ober]
779
Standard Oil Co. stocks listed only on [Keppler]
861
suspension or expulsion of members of New York Stock Exchange for dealings with curb brokers [Mabon]
473
voluntary association [McCormack]
1298
DALY, MARCUS:

connection with transactions in Amalgamated Copper Co. [Burrage]

1580-1613

DA\ISON, HENRY P.:

interest in organization of United States Steel Corporation [Davison]
1809,1810
testimony of
1808-1887,1959-1987
voting trusts [Frew]
596-598,607
[Davison]
1812-1824
DAY, WILLIAM A.:

testimony of

1321-1332

DE AGUERO," MIGUEL E.:

testimony of

766-776

DELAWARE & HUDSON RAILROAD:

interlocking directorates [Scudder, P.]

991,998,1001

DELAWARE, LACKAWANNA & WESTERN RAILROAD:

interlocking directorates [Scudder, P.]
[Baker]
[Exhibit No. 197-A]
per cent of anthracite coal shipped over [Baker]

988,991, 995,998,1000,1001
1472,1476,1516
1570,1571
1507

DENVER & Rio GRANDE RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
interlocking directorates [Scudder, P.]
991, 993, 998,1001
DEPOSITARIES :

Morgan & Co. as depositary of United States Steel Corporation [Morgan]... 1027
I J F TTTSrTT F "R \ ^ K '

bankers' agreement with Morgan & Co. [Exhibit No. 159]

1341-1342

DIAMOND COAL & COKE CO.:

[See Amalgamated Copper Co.;
DIETZ, LAWRENCE J.:

testimony of

779-780

DIRECTORS:

[See Interlocking directorates.)
DISTILLERS' SECURITIES CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]

775

DREXEL •& Co.:

deposits with bv interstate corporations [Morgan]
[Exhibit No. 154]
partners in [Morgan]
same as Morgan & Co. [Scudder, P.]
[Morgan]

1012
1267-1339
1004
984
1003,1004

EAST JERSEY WATER CO.:

interlocking directorates [Exhibit No. 197-A]

1570,1571

ECCLES. JAMES H.:

Voting trusts [Davison]

1812-1824

ECKER, FREDERICK H.:

testimony of

1332-1335

ELLICOTT & Co.:

privilege of engraving certificates of securities listed on New York Stock
Exchange refused to [Kendall]

904

ELY. GEORGE W.:

testimony of
71352—PTS 1-27—13


318-338
2

2158

INDEX.

EMERGENCY CURRENCY:

legislation un [Cannon]

Page.

345

EQUITABLE LIFE ASSURANCE SOCIETY:

balances of in certain banks [Exhibits Nos. 135-B, 167]
1214.1305.1 J59-13tiO
chart showing assets of [Scudder. L ]
974-978
[Exhibit No. 134]
976.1212
control of Mercantile Trust Co. [Frew]
603. 604. tilO-dll
correspondence relating to amount of stock to be taken by Mr. Stillman
[Exhibits Nos. 157. 158]
12t,7-1208
depopitt in Bankers Trust Co. [Day]
1330
depi'Mfe in National Bank of Commerce of New York
1331
holdings in National Bank of Commerce of New York [Peabody]
1314-1316
[Baker].".
14bO-14o7
interlocking directorates [Frew]
tilO
[Scudder, P.]
988. 991. 993. 99b. 1001
[Exhibit No. 197-A]
1570
list of securities held by [Exhibit No. 137]
1074. 10S3-1094
ownership by Morgan & Co
610. 611
Scudder, P.]
985
Morgan]
1067-1072,1074
Baker]
1535-1538
proportionate number of votes of policy holders at annual elections
pay]
1321-1323
voting trusts [Morgan]
1067-1073
[Exhibit No. 136]
1073,1091-1093

EQUITABLE MORTGAGE & TRUST CO., OF BALTIMORE:

application for clearing house privileges in Baltimore Clearing House—
[Bland]
514-519
[Exhibits Nos. 45, 46]
518, 519
[Newcomer]
525-528
[Wilcox]
540-542
EQUITABLE TRUST CO., OF NEW YORK:

absorption of Trust Co. of America [Cortelyou]
451
acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
interlocking directorates [Scudder, P.]
990,992,996.998
[Schiff]
1680-1682

ERIE RAILROAD:

control of output of anthracite coal [Baker]
1512
executive committee of
1509,1510
interlocking directorates [Scudder, P.]
985,988,991,998,1000-1002
[Baker]
1472,1475-1477,1516
[Exhibit No. 197-A]
1571
listing of bonds and notes of New York State Exchange [Mabon].
426
ownership of certain corporations [Baker]
1477-1479,1510.1514,1515
per cent of anthracite coal shipped over [Baker]
1507
statistics as to dealings in stocks of [Scudder, L.]
688-708
[Exhibits Nos. 77-79]
1125-1129
stock of, held by Mutual Life Insurance Co. [Peabody]
1318
underwriting syndicates [Baker]
1552
voting trusts [Scudder, P.]
987, 989
[Morgan]
1041-1043

EWER, MAURICE H.:

testimony of

963-965

EXCHANGE:

(See also New York Clearing House Association; New York Stock Exchange.)
fixing uniform rates of sale of exchange [Jones]
255-259
value to New York banking institutions of exchange in favor of interior
points [Jones]
262,263
[Vanderlip]
280,281
EXHIBITS:

additional chart showing interlocking directorates [No. 134-BJ
996
affidavits of Drs. Chappell and Lambert relating to illness of William Rockefeller [No. 166]..
1301-1358
amount of securities of interstate corporations marketed by Morgan & Co.
[No. 156]
1341



INDEX.

2159

EXHIBITS—Continued.
Page.
bank balances of Equitable Life Assurance Society in principal banks for
certain years [No. 135-B]
1214
bank balances of Metropolitan Life Insurance Co. in principal banks for
certain years [No. 135-C]
1214
bank balances of Mutual Life Insurance Co. in principal banks for certain
years [No. 135-A]
1213
bank balances of New York Life Insurance Co. in principal banks for certain years [No. 135]
1213
bankers' agreement between Morgan & Co. and Deutsche Bank [No.
159]
1341-1342
bv-lawB of clearing-house department of American Bankers Association
"[No. 53]
562
certificate for deposit of United States gold certificates [No. 14]
133
certificate for deposit of United States legal-tender notes [No. 15]
133
certificate for United States gold coin [No. 17]
133
certificate for United States silver certificates [No. 16]
133
certificate of incorporation of First Security Co. [No. 196]
1423.1485-1487
chart showing assets of certain life insurance companies of Xew York
[No. 134J
976,1212
chart showing interlocking directorates [No. 134-A]
996
circulars issued to superintendents of Metropolitan Life Insurance Co.
relating to annual elections [No. 168]
1339,1360
constitution of Baltimore Clearing House [No. 47]
539
constitution of Chicago Clearing House Association [Nos. 71-73].. 687,1103-1119
constitution of New York Curb Association [No. 163]
1298,1343-1357
constitution of Salt Lake City Clearing House [Nos. 51.148]
551,
567-573.1221,1255-1261
constitution of Pittsburgh Clearing House [No. 48]
543
constitution of New York Stock Exchange [No. 25]
326
contract for issue and sale of Sao Paulo bonds [No. 2]
1&-17. 66-73, 73-86
copy of amended bill of complaint in suit against Pittsburgh Clearing House
to restrain enforcement of resolutions regulating deferred interest [No. 49]. 548
copy of letter to Oriental Bank and others requiring retirement of loan certificates [No. 21]....
194
correspondence of Consolidated Stock Exchange with United States Steel
Co. as to transfer facilities in stock of Steel Co. [Nos. 116-121]
768-772
correspondence of Xew York. Curb Association with New York Stock
Exchange relating to permission to do business [Nos. 164. 165]
1299-1357
correspondence relating to amount of stock in Equitable Life Insurance Co.
to be taken by Mr. Stillman [No. 157]
1267,1268
correspondence relating to data requested from Treasury Department, etc.
[Nos. 169-192]
".
1361-1375
correspondence relatingtofiscalagencies of Morgan & Co [Nos. 141.142]. 1096-1101
correspondence relating to marketing of New York City bonds [No..234]... 2126
correspondence relating to prohibition by Salt Lake City Clearing House
Association of members from soliciting business from customers of other
members [No. 145]
1218
correspondence relating to service of subpoena on William Rockefeller
[No. 134-C]
974.1008,1010
correspondence relating to voting trusts in California Petroleum Co. [Nos.
149-153]
1253. 1255,1261-1266
data as to certain members of New York Clearing House Association [No.
133]
963.1192-1211
data from First National Bank of Chicago [No. 230]
2020, 2088-2096
data from Harvey Fiske & Sons [No. 233]
2020, 2124,2125
data from Illinois Trust & Savings Bank [No. 231]
2020, 2096-2104
data from National City Bank of New York [No. 232}
2020. 2104-2124
documents relating to voting trusts in Equitable Life Assurance Society
[No. 136]
1073,1091-1093
extract of minutes of New York Stock Exchange relating to charges and
specifications against Messrs. Chapin and Countiss [No. 30]
397,398
form of application for listing securities on official list of New York Stock
Exchange [No. 24]
324,338-342
form for buying and selling stocks [Nos. 200, 201-AJ
1785,1786,1887
interlocking directorates, list of held by Lee, Higginson Co. [Nos. 217,
218]
1800.1947,1948



2160

INDEX.

p
EXHIBITS—Continued.
ase.
letter accompanying volumes of transactions and supplemental list furnished by Lee" Higginson Co. [Xo. 217]
1800,1946,1947
letter of Alexander & Co. declining to do business with Mr. Heim on account
of membership in Consolidated Stock Exchange [No. 114]
761
letter of Beer & Owens declining to do business with Mr. Ober [No. 125]... 777
letter of Kuhn, Loeb & Co. withdrawing account of Mr. Heim TNo. 113]... 759
letter of Mr. Heim accepting inactive membership in New York Stock
Exchange [No. 112]
759
letter relating to participation or allotment of stock in California Petroleum
Co. [No. 132]
933, 969
letters relating to application of Equitable Mortgage & Trust Co. of Baltimore for clearance privileges in Baltimore clearing house [Nos. 45, 46]. 518,519
letters relating; to stocks of American Tobacco Co. and Continental Tobacco
Co. [Nos. 36-44]
501-504
letter to Deputy Comptroller of Currency asking for list of stockholders of
Bank of North America and reply thereto [Nos. 32-33]
460-461
list of banks making loans October 24, 1907 [No. 34]
457,486
list of banks to whom money was loaned October 24, 1907 [No. 31]
456
list of corporations accepting guaranty of Consolidated Stock Exchange and
member thereof on stock transfers [No. 123]
775
list of corporations accepting guaranty of member of Consolidated Stock
Exchange without guaranty of exchange on stock transfer [No. 124]
775
list of corporations in which First National Bank of New York holds directorship [No. 197-A]
1543,1569-1571
list of corporations in which officers of First National Bank of New York are
directors (No. 197]
1491,1568,1569
list of deposits made by United States Trea3urv with national banks in New
York City. Oct. 22-30, 1907 [No. 35]
".
485-487
list of members of clearing-house department of American Bankers' Association [No. 52]
561
list of members of New York Clearing House Association—
[No, 12]
113
[No. 228]
1961,2050, 2051
list of listed securities on New York Stock Exchange [No. 26]
336
list of national banks with affiliated State banks or security companies
[No. 193]
1406
list of nonmember banks having clearing privileges at New York Clearing
House through members [Nos. 13, 19]
118,147-148
list of nonmembers of New York Clearing House Associaton [No. 2281
1961,
2050,2051
list of requirements for listing securities on New York Stock Exchange
[No. 30*]
413-425
list of securities held by certain life insurance companies [Nos. 137-140].. 1074,
1093-1096
list of securities held by National City Bank of New York [No. 227]
1958,
2049,2050
list of stockholders of American Bank Note Co., also members of New York
Stock Exchange [No. 126]
900,927,928
list of stockholders of Illinois Trust & Savings Bank of Chicago [No. 231].. 2097
list of stockholders of 1,000 shares and over in certain banks [Nos. 201J-212]. 1798,
1888-1894
list of values, etc.. of coffee issued by New York Coffee Exchange [No. 1].. 9-66
list of underwriting syndicates participated in by Kidder, Peabody & Co.
[No. 229]
".
1995,2051-2088
lists of underwriting syndicates by Morgan & Co. [Nos. 235, 236]
2127-2140
loan certificate [No. 18]
133,134
memoranda and letters relating to refusal of National Copper Bank of Salt
Lake City to become member of Salt Lake City Clearing House [No. 50]. 551,
563-566
names of interstate corporations having deposits with Morgan & Co., on
whose boards firm is represented [No. 155J
1340-1341
opinion of Supreme Court of New \ork in suit by Mr. Heim for injunction
against New York Stock Exchange [No. 115]
762-766
original and amended charters of National Citizens' League [Nos. 9, 10]...
97
pool agreement in stock of Columbus & Hocking Coal & Iron Co. [No. 109]. 711-1178




INDEX.

2161

EXHIBITS—Continued.
Page.
prohibition by Salt Lake City Clearing House Association of payment of
interest on checking accounts, correspondence relating to [No 147]. 1219-1220
quotations of coffee prices for 1900-1912 [Nos. 5-7]
36
reply of National Copper Bank of Salt Lake City to resolution of Salt Lake
City Clearing House Association prohibiting members from soliciting
business from customers of other members [No. 144]
1217-1218
report of committee on inland exchange to clearing-house committee of
New York Clearing House Association as to income from and cost of collection of outof-town checks [No. 69]
670, 821-823
report of Hughes committee investigating New York Stock Exchange
[No. 27]
321
resolution of Consolidated Stock Exchange authorizing secretary to guarantee genuineness of signatures to transfer of stock [A'o. 122]
774
resolutions of Salt Lake City Clearing House prohibiting members in m
soliciting business from customers of other members [No. 143]
1217
rule of Salt Lake City Clearing House Association prohibiting payment of
interest on checking accounts [No. 146]
1219
schedule of assets of Illinois Trust & Savings Bank of Chicago [No. 231]
2097
schedule of underwriting syndicates of Illinois Trust & Savings Bank of
Chicago [No. 231]
2098-2102
statement of accounts of Lewisohn Bros, as to transactions in stock of California Petroleum Co. [No. 1324]
951,1186-1191
statement of balance of copper, silver, and gold [No. 112]
740-1182
statement of balances of deposits of First National Bank of New York
[No. 198]
1494,1571,1572
statement of balances of out-of-town correspondents of Corn Exchange Bank
[No. 68]
643-645
statement of capital, net profits, and dividends of First National Bank of
New York [No. 194]
1420,1479,1480
statement of capital, net profits, and dividends of Illinois Trust & Savings
Bank of Chicago [No. 231]
2097
statement of collateral loans made by Corn Exchange Bank during 19081912 [No. 67]
639
statement of condition of Oriental Bank on Jan. 30, 1908, and Mar. 30,
1912 [No. 23]
272,273
statement of joint account transactions in issue of securities.by Kuhn,
Loeb & Co. with City Bank of New York, etc. [No. 200].. 1689,1690,1695-1775
statement of sales of copper made by United Metals Selling Co. May 6,1906,
Apr. 30, 1908 [No. 110]
723-1179
statement of total cash advances to mining companies [No. 111].. 740,1180-1181
statements of Roberts, Hall & Criss as to dealings in stock of Columbus &
Hocking Valley Coal Co. [Nos. 127-129]
912,1183-1185
subpoena from House of Representatives to Frederick Lewisohn [No. 130]
[Lewisohn]
928
statistics of dealings in stock of certain corporations [Nos. 74-108]
1120-1178
table of balance of Morgan & Co. in various banks [Noa. 219, 220].. 1803,1948,1949
table of balances of New York Life Insurance Co., etc., in various banks
[No. 167]
1305-1359-1360
total amount of deposits with Morgan & Co. and Drexel & Co. [No. 154]. 1267-1339
underwriting syndicates [Nos. 131, 160-162, 195, 199, 213]
933,965-968,
1279,1342,1343,1422,1481-1485,1514,1572,1573,1799,1895-1897
underwriting syndicates, list of made by Morgan & Co. [Nos. 235, 236]
1857
voting trust agreements [Nos. 54-56, 214, 221-223]
607,
656,667,1799,1827.1897,1898,1949-1954
voting trust agreement in Southern Railway, letter relating to extension
of [Nos. 224-226]
1835,1836,1955
volumes of transactions and supplementary list furnished by Lee, Higginson Co. [Nos. 215, 216]
1800,1898-1946
EXPRESS COMPANIES:

(See also the specific titles.)
interlocking directorates [Scudder, P.]

981-1003

FARMERS LOAN & TstrsT Co.:

interlocking directorates [Scudder, P.]
[Baker]
[Exhibit No. 197-A]
personal holdings of Mr. Baker in [Baker]



988,990, 995,998, 999,1001
1447
1571
1460

2162

INDEX.

FARNSWORTH. L. H.:

testimony of

Page.

1248-1250

FEDERAL SUGAR REFINING CO.:

dealings in securities of, on New York Stock Exchange as unlisted securities [Mabon]

FEDERAL TRUST CO. OP NEWARK:

stock of, held by Metropolitan Life Insurance Co. [Ecker]

FEDER, J. F.:

testimony of

FIDELITY BANK OF NEW YORK:

interlocking directorates [Schiff]

FIDELITY & CASUALTY INSURANCE CO.:

interlocking directorates [Scudder, P.]

385
1333

943-952
1680
984,991,993,1001

FIDELITY PHOENIX FIRE INSURANCE CO. OF NEW YORK:

directorship of First National Bank of New York in [Exhibit No. 197-A].. 1570

FIELD, GEORGE A.:

testimony of
FIFTH AVENUE BANK OF NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
stockholders in and control of [Cannon]

FIFTH AVENUE TRUST CO. OF NEW YORK:

merger with Guaranty Trust Co. [Baker]

884-894
953-963,1200
213
1560

FIFTH NATIONAL BANK- OF NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
FINANCIAL INSTITUTIONS:

953-963,1200

consolidation of industrial corporations, effect on method of financing [Hepburn]
315
control of boards of directors [Davison]
1972-1974
cumulative voting [Baker]
1518
[Hill]
1992-1994
[Hine]
2048,2049
data relating to assets of, refusal to furnish [Murray]
1376-1380
directors, advisability of small boards [Perkins]
1628,1629
[Schiff]
1686
examination by bank examiners, thoroughness of
1690-1691
fiscal agencies "for interstate corporations [Hepburn]
313-316
Government regulation of [Schiff]
1683,1684
holding companies, advisability of
1691-1694
interlocking directorates Scudder, P.]
981-1003
[Morgan]
1047-1057
ExhibitNo. 200]
1765
Davison]
1963-1970
Hine]
2020,2021
management [Hine]
2040,2041
management and control of, by few persons [Hepburn]
310
monopolies in [Davison]
1881-1885
participation of officers in underwriting syndicates [Winsor]
2000-2002
present number of [Davison]
1960-1961
publicity of assets, advisability of [Baker]
1495,1496
[Schiff]
1690
[Davison]
1872,1873
publicity of list of stockholders
1872-1874
representation of minority stockholders Baker]
1518
[Perkins]
1622-1624
Reynolds]
1653
Schiff]
1678-1680
Davison]
1972,1973
Hill]
1990-1993
[Hine]
2048,2049
reserves [Davison].
1985
secrecy of assets [Hine]
2039,2040
underwriting syndicates Henry]
1271-1277
Schiff]
1672,1673,1675-1678
Davison]
1864,1865
Hine].
2030-2047
voting power of share holders [Davison]
1971,1972




INDEX.
FIRST NATIONAL BANK OF BOSTON:

2163
Page.

capital, surplus, and undivided profits [Winsor]
interlocking directorates [Lane]
underwriting syndicates

1997
2003
1998-2002

FIRST NATIONAL BANK OP CHICAGO:

data relating to [Exhibit No. 230]
2020,2088-2096
interlocking directorates [Scudder, P.]
988,999
[Hill]
1987,1988
list of stockholders of 1,000 shares and over in [Exhibits Noa. 207, 209]
1799
participation in large transactions during past decade [Baker]
1540,1541
underwriting syndicates [Morgan]
1032
[Davison]
1849-1853

FIRST NATIONAL BANK OF GROTON, N.

Y.:

interlocking directorates [Exhibit No. 197-A]

1570

FIRST NATIONAL BANK OF NEW YORK:

assets, rerusal to disclose [Baker]
1441-1446
bankers for Great Northern Railway [Davison]
1865
bond account, profits in
1534
bond dealings of [Davison]
1856
[Hine]
2029,2030
bond department of [Baker]
1519
capital, net profits and dividends [Sherer]
160
[Baker]
1420-1422,1533-1535
[Exhibit No. 194]
1420,1479,1480
charged off assets [Baker]
1426,1427
control of. by George F. Baker [Peabody]
1317
[Baker]
1436,1437
control of Chase National Bank
1425-1428,1437,1438
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1201
deposit of money in, by United States Government during panic of 1907—
[Cortelyou]
440,442
deposits [Baker]
1495,1520
[Exhibit No. 198]
1494,1571,1572
[Hine]
2029
executive list [Davison]
1812
holdings in Southern Railway [Baker]
1524
interest in National Bank of Commerce of New York [Davison]
1868
interest of Morgan & Co. in [Frew]
653
[Schiff]
1687
interlocking directorates [Frew]
597-598
[Scudder, P.]
980-981,
984,988-990,992,997-999,1001,1002
Morgan]
1040
Baker]
1431,1446,1447,1450,1457,1529,1543,1559
Exhibit No. 197]
1490,1568,1569
Exhibit No. 197-A]
1543,1569-1571
Davison]
1812
Hill]
1987
Hine]
2020,2021
joint account issue of securities with City Bank of New York [Schiff].. 1687-1688
joint account issue of securities with Morgan & Co
1687
list of stockholders of 1,000 shares and over [Exhibit No. 212]
1799
loanable funds [Hine]
2029,2030
loans on stock exchange [Frew]
649,650
[Griesel]
745,750,751
[Baker]
1501-1504,1520
organization of First Security Co. [Morgan]
1035,1036,1074-1078
[Baker]
1422-1424,1427,1428,14301435,1481-1487,1491,1492,1496-1498
ownership of Chase National Bank of New York [Davison]
1870
participation in large transactions during past decade
1540-1541
report to Comptroller of Currency of assets
1424
reserve [Baker]
1520
[Hine]
2029
securities held by, amount
1519
stocks of, held by Mutual Life Insurance Co. [Peabody]
1316,1320
suspense account [Baker]
1426,1427,1532,1533



2164

INDEX.

FIEST NATIONAL BANK OP NEW YORK—Continued.

Page.

underwriting syndicates Morgan]
1034
Baker]
1493,1494,1521,1522,1524-1527
Schiff]
1664,1666,1667,1669,1670,1689
Exhibit No. 213]
1799
Davison]
1829-1831,
1849-1853,1857-1859,1865,1868,1874,1875
[Winsor]
1998-2002
[Lane]
2004-2011
[Hine]
2030-2047
voting trusts Scudder, P.]
989
Baker]
1431,1453-1457
Schiff]
1687
Exhibit No. 214]
1799
FIRST NATIONAL BANK or PARK CITY, UTAH:

dealings with Salt Lake City Clearing House Association [Knox]
1237-1240
[Armstrong].. 1224-1226
FIRST NATIONAL BANK OF ST. PAUL:

consolidation with Second National Bank [Hill]
directorship of Mr. Hill in [Hill]

1990
1990

FIRST SECURITY CO OF NEW YORK:

conduct with First National Bank of New York [Hine]
2043,2044
control of Chase National Bank of New York [Baker]
1498,1499
dividends
1433
holdings in anthracite coal railroads
,
1504-1510
interlocking directorates [Baker]
1431
[Exhibit No. 197-A]
1570,1571
Davison]
1812
Hine]
2020,2021
interests in Northern Pacific Railway and Great Northern Railway [Baker]
1530-1532
organization by First National Bank of New York—
[Morgan]
1035,1036,1074-1078
[Baker]
1420-1424,1427-1435,1491,1492,1497,1498
[Exhibit Nos. 195, 196]
1422,1423,1481-1487
[Hine]
.'
2021-2029
personal holdings of Mr. Baker in [Baker]
1460
sale of securities made through First National Bank of New York
1519
sale of stock of Chase National Bank of New York
1437-1441
securities turned over to by First National Bank of New York
1496,1497
stock holdings, amount disposed of
1535
surplus of
1433
underwriting syndicates [Baker]
1493,1494,1526,1527
[Exhibit No. 213]
1799
voting trust in [Baker]
1431
FIRST TRUST & SAVINGS CO. OF CHICAGO:

interlocking directorates [Scudder, P.]
[Hill]
underwriting syndicates [Lane]

988. 999
1988
2006

FISCAL AGENTS:

assumption of responsibility for worth of securities marketed by [Morgan]
."
1021-1024
definition of
1016-1017
exclusive rights to market securities
1019-1024
financial institutions as agents for interstate corporations [Hepburn]
313-316
Morgan & Co. as agents for certain corporations—
[Morgan]
1007,1008,1012-1019,1024
[Exhibit Nos. 141,142]
1096-1102
[Davison]
1826-1827,1874
selection of, by voting trustees, objection to [Morgan]
1019-1020
FLORIDA EAST COAST RAILWAY:

underwriting syndicate in [Baker]

1552

FLOWER, R. P.:

connection with transactions in Amalgamated Copper Co. [Burrage]... 1580-1613
FOREIGN BANKS:

interlocking directorates in [Davison]

1881-1885

FOREIGN EXCHANGE:

dealings of banks in fJonesl




255-258

INDEX.

2165

FOURTH NATIONAL BANK OF NEW YORK:

Page.

acquisition of interest in by Kuhn, Loeb & Co. [Cannon]
acquisition of Security Bank
data relating to out-of-town correspondents, loans, etc. [Niven]
interlocking directorates [Scudder. P.]
[Schiff]
[Hill]
stockholders in and cortrol of [Cannon]

205
200-205
953-963,1201
992,996
1680-1682
1987
213

FOURTH STREET NATIONAL BANK OP PHILADELPHIA:

interlocking directorates [Scudder, P.]

992,994

FRANKLIN NATIONAL BANK OF PHILADELPHIA:

interlocking directorates [Scudder, P.]

984,990,992

FRANKLIN TRUST CO. OF BROOKLYN:

stock of, held by Metropolitan Life Insurance Co. [Ecker]

1333

FREW, WALTER E.:

testimony of

575-656, 669-684

GALVESTON, HARRISBURO & SAN ANTONIO RAILWAY:

directorship of Kuhn, Loeb & Co., in [Exhibit No. 200]

1695

GARTH, GRANVILLB A.:

voting trust in Bankers Trust Co. [Davison]

1812-1824

GENERAL ELECTRIC CO.:

competition with Western Electric Co. [Davison]
interlocking directorates [Scudder, P.]
Morgan & Co. as fiscal agents for [Davison]
underwriting svndicate in [Baker]
[Davison]

1874
986,988
1874
1552,1553
1874,1875

GENERAL MOTORS CO.:

underwriting syndicate in [Schiff]

1689

GERMAN-AMERICAN INSURANCE CO. OF NEW YORK:

interlocking directorates [Scudder, P.]

984,998,1001

GENEVA, CORNING & SOUTHERN RAILROAD:

interlocking directorates [Exhibit No. 197-A]

1571

GOLDMAN, SACHS & Co.:

Loans on New York Stock Exchange [Griesel]

GIRABD TRUST CO. OF PHILADELPHIA:

interlocking directorates [Scudder, P.]

745
984,990,992,997

GLOBE NATIONAL BANK OF BOSTON:

connection with transactions in Amalgamated Copper Co [Burrage]... 1580-1613

GOVERNMENT SECURITIES:

regulation of dealings in, on New York Stock Exchange [Mabon]

391-392

GREAT NORTHERN ORE CO.:

dealings in securities of, on New York Stock Exchange as unlisted securities [Mabon]

385

GREAT NORTHERN RAILWAY:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
capital stock, division of [Hill]
1993
combination with Northern Pacific [Baker]
1530-1532
competition with Northern Pacific
" 1530-1532
control of, by James J. Hill [Hill]
1993-1994
First National Bank of New York, bankers for [Davison]
1865
interlocking directorates [Scudder, P.]
988,1000
[Hill]
1988,1990
interests of Mr. Baker in [Baker]
1530-1532
interests of First Security Co. in
1530-1532
interests of J. J. Hill in
1530-1532
stockholders' meetings [Hill]
1993,1994
stock owned by Mr. Hill in
1988-1990
underwriting syndicate in [Baker]
1520,1529,1553
[Davison]
1865,1866

GRIER, J. P.:

testimony of

879-880

GRIESEL, J. H.:

testimony of



742-752

2166

INDEX.

GUARANTY TRUST CO. OF NEW YORK:

Page.

acquisition of, by Bankers Trust Co. [Baker]
1451
bond dealings of [Davison]
1856
control of directorate [Frew]
608
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1202
deposits in, by corporations issuing securities through. Morgan & Co.
[Davison]..."
1871,1872
directors, number of [Davison]
1870
interlocking directorates [Scudder, P.]
980-981,
984,988, 990-992, 995, 997-999,1001,1002
Morgan]
1041
Baker]
1447.1450
Exhibit Xo. 197-A]
1571
Davison]
1810,1812
merger of other institutions [Morgan]
1050-1057
[Baker]
1560
[Davison]
1814,1815,1871
Morgan institution [Frew]
607-608
phenomenal rise of
609-610
personal holdings of Mr. Baker in [Baker]
1460
refusal of guaranty of Consolidated Stock Exchanges [De Aguero]
767
underwriting syndicates [Baker]
1513.1514
[Davison]
1849-1853,1860-1863
[Lane]
2013-2018
voting trusts Frew]
609-610
Scudder, P.]
986,989,992,994,999,1000,1002,1003
Morgan]
1039-1040
Day]
1331-1332
Baker]
1447-1457,1560,1561
Schiff]
1687
Davison]
1812-1817,1824.1826
HALLGARTEN & Co.:

underwriting syndicates in California Petroleum Co.—
[Henry]
1250,1255,1268-1297
[Exhibits Nos. 160-162]
1279-1343
voting trusts in California Petroleum Co. [Henry]
1250-1266, 1268-1297
HAMILTON CO. OF NEW YOBK:

engraving of certificates of securities listed on New York Stock Exchange
[Kendall]
898,899
HANNA, CHARLES A.:

testimony of

457-469

HANOVER NATIONAL BANK OF NEW YORK:

association with Irving Bank [Sherer]
126
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1203
deposit of money in, by United States Government during panic of 1907
[Cortel vou]
."
440
interlocking directorates [Scudder. P.]
980-981,988,992, 995
list of stockholders of 1.000 shares and over [Exhibit No. 206]
1799
loans on New York Stock Exchange [Grieael]
745, 750, 751
HARRIMAN NATIONAL BANK:

not clearing through New York Clearing House Association [Frew]

624

HARVEY FISKE & SONS:

data from [Exhibit No. 2331
2020,2124, 2125
refusal of guaranty of Consolidated Stock Exchange [De Aguero]
767
HAYDEN. STONE & Co.:

underwriting syndicates [Davison]

1860

HEIM, MARCUS:

testimony of

756-762

HENNESY MERCANTILE CO.:

(See Amalgamated Copper Co.)
HENRY, GEORGE:

testimony of

1250-1255,1268-1297

HEPBURN, BARTON A.:

testimony of
voting trust in Bankers' Trust Co. [Davison]



292-318
1812-1824

INDEX.

2167

HEWITT. ERSKINE:

Page.

testimony of
HILL, J. J.:

245-254

'

interlocking directorates [Baker]
[Hill]
interests in Great Northern and Northern Pacific [Baker]
testimony of

1529
1987-1990
1530-1532
1987-1994

HIXE, F. S.:

testimony of

HOBOKEN, X

2020-2049

J.:

discretionary point as regards collection of out-of-town checks [Cannon]...

HOLDING COMPANIES:

advisability of [Schiff]
[Davison]
Amalgamated Copper Co. as [Wolfson]
Anaconda Copper Co. as
distinguished from affiliated institutions [Reynolds]
United Metals Selling Co. as [Wolfson]

1691-1694
1875-1879
719
719
1655,1656
718-740

HOME LIFE INSURANCE CO.. OF XEW YORK:

interlocking directorates [Scudder. P.]
[Exhibit Xo. 197-a]

HOUSE RESOLUTIONS:

991,998.1001
1570

relating to and authorizing investigations [ExhibitB Nos. 429, 504]

HOWARD NATIONAL BANK OF BURLINGTON:

stock of, held by Metropolitan Life Insurance Co. [Ecker]

375

3-6
1333

HUDSON RIVER BANK:

merger of, with Corn Exchange Bank [Frew]
HUDSON TUNNEL CO.:

underwriting syndicate in [Schiff]

HUGHES COMMITTEE:

investigation of New York Stock Exchange [Ely]
[Mabon]
[Sturgis]
[Keppler]

ILLINOIS CENTRAL RAILROAD:

interlocking directorates [Scudder, P.]
stock of, held by Equitable Life Assurance Society [Day]
underwriting synd cates [Schiff]

ILLINOIS STEEL CO.:

underwriting syndicate in [Davison]
[Lane]

576
1669,1670
319-322
363-365
789-792,825
853,854
991. 995. 998,1001
1329
1689
1842-1847
2012

ILLINOIS TRUST & SAVINGS BANK OF CHICAGO:

data relating to [Exhibit No. 231]
2020, 2096-2104
interlocking directorates Scudder, P.]
980-981,988,992,997.999
[Baker]
1559
Hill]
1988
list of stockholders [Exhibit No. 231]
2097
participation in large transactions during past decade [Baker]
1540,1541
schedule of assets [Exhibit No. 231]
2097
statement of capital, net profits, and dividends [Exhibit No. 231]
2097
underwriting syndicates Morgan]
1032
Davison]
1849-1853.1857,1858,1875
Exhibit No. 231]
2098-2102

IMPOBTEKS & TRADERS NATIONAL BANK OP NEW YOBK:

data relating to out-of-town correspondents, loans, etc. [Niven]

INDIANA STEEL CO.:

underwriting syndicates [Davison]
[Lane]

953-963,1203
1848,1849
2012

INDUSTRIAL CORPORATIONS:

(See Interlocking directorates.,
'See also the specific titles.)
financial institutions as fiscal agents for [Hepburn]
313-315
financing of competing company by bank running other company under
voting trust, effect on competition [Baker]
1563
overthrow of management by stockholders [Davison]
1828,1829



2168

INDEX.

INLAND EXCHANGE:

Page,

value to New York banking institutions of exchange in favor of interior
points [Jones]
262,263
fixing uniform rates of
255-259

INSURANCE COMPANIES:

(See also the titles of the particular companies.)
chart showing assets of certain life insurance companies and explanations
thereof [Scudder, L.]
974-978,1212
interlocking directorates in [Scudder, PJ
981-1003
sale of bonds to, by Kuhn, Loeb & Co.fKuhn, Loeb & Co.]
1697
[Exhibit No. 200]
1765-1768
underwriting syndicates [Morgan]
1031
[Schiff]
1672

INTERBOROUGH METROPOLITAN CO.:

interlocking directorates [Scudder, P.]
voting trusts [Scudder, P.]

992
992,999

INTERBOROUGH RAPID TRANSIT CO.:

interlocking directorates [Scudder, P.]
underwriting syndicates [Baker]
INTERCONTINENTAL RUBBER CO.:

interlocking directorates [Scudder, P.]
voting trusts [Scudder, P.]

989
1553-1555
991,995,998
992,994,999,1002

INTEREST:

(See New York Clearing House Association.)
payment of, on deposit.

INTERLOCKING DIRECTORATES:

(for directorates in and by various corporations, see the specific titles.)
aggregate assets, resources, deposits, and capitalization of institutions
involved in [Scudder, P.]
984
charts showing directorates of 18 financial institutions in 152 banks, trust
companies, etc., and explanation [Scudder]
980-1003
[Exhibits Nos. 134-A, 134-B]
concentration and control of corporations by [Morgan]
1047-1057
effect of, as stifling competition between banks [Sherer]
161-162
knowledge of comptroller of currency as to [Murray]
1405
prohibited in England [Morgan]
1060
propriety of [Reynolds]
1655
[Schiff]
1684,1686
[Davison]
1881-1885,1963-1970
INTERNATIONAL AGRICULTURAL & CHEMICAL CO.:

competitors of American Agricultural & Chemical Co. [Davison]
Morgan & Co., as bankers for

INTERNATIONAL AGRICULTURAL CORPORATION:

interlocking directorates [Scudder, P.]
voting trusts [Scudder, P.]
[Morgan]

1866
1866

986, 988, 991,993,998,1000,1001
987,989,992,994,1002
1042-1044

INTERNATIONAL HARVESTER CO.:

consolidation of, as giving control to financial institutions [Hepburn]... 314,315
interlocking directorates [Scudder, P.]
986,988,991,995,998,1000-1002
[Perkins]
1625
organization of, by Mr. Perkins [Perkins]
1617,1618
underwriting syndicate [Baker]
1555,1556
voting trust [Scudder, P.]
987, 996
[Morgan]
1042,1044
INTERNATIONAL MERCANTILE MARINE CO.:

interlocking directorates [Scudder, P.]
voting trusts [Scudder, P.]
[Morgan]

985, 995,998,1000
987,989
1042

INTERNATIONAL NICKEL CO.:

interlocking directorates [Scudder, P.]
voting trusts [Scudder, P.]

991, 993,1001
992,994,1002

INTERNATIONAL PAPER CO.:

interlocking directorates [Scudder, P.]
INTERNATIONAL TRACTION CO.:

interlocking directorates [Scudder, P.]
relations with Morgan & Co




991, 993,998,1000,1001
992, 993
989

INDEX.

2169

INTERSTATE COMMERCE:

Page.

(See Interlocking directorates; see also the titles of the particular corporations, i
amount of convertible securities kept by Morgan & Co. as compared with
deposits of [Davison]
1985
California Petroleum Co. not engaged in [Lewisohn]
941-943
clearing-house associations as important factor in [Sherer]
139
consolidation of corporations engaged in, effect on method of financing
[Hepburn]
-_
• 315
deposits by corporations engaged in, with Continental & Commercial
National Bank of Chicago [Reynolds]
1641
deposits bv corporations engaged in, with First National Bank of New
York [Baker]
1495
deposits bv corporations engaged in, with private bankers —
[Morgan]
1005-1007,1011,1012
[Exhibit No. 155]
1340-1341
[Schiff]
1693-1694
[Exhibit No. 200]
1695
fiscal agencies for corporations engaged in [Hepburn]
313-316
[Morgan]
1007,1008,1012-1019
freedom of corporations doing interstate business to issue securities in open
market [Morgan]
1019-1024
holdings of First Security Co. in anthracite coal i-ailroads [Baker]
1504-1510
listing securities of corporations engaged in, on New York Stock Exchange—
[Ely]
324-325
[Mabon]
429
[Kendall]
899,904
overthrow of management by stockholders of corporations engaged in—
[Davison]
1828.1829
public functions of New York Stock Exchange in [Ely]
331,332
regulation of collection of out-of-town checks by clearing house associations as regulation of [Shererl
140
representation of minority stockholders of corporations engaged in [Baker]. 1519
sale of bonds of, by competitive bidding [Davison]
1978-1980
securities purchased from corporations engaged in [Exhibit No. 156]
1341
[Exhibit No. 200]
1695,
1697,1698,1757-1765,1769
IBVING NATIONAL EXCHANGE BANK:

absorption of Mercantile Bank [Sherer]
association with Hanover National Bank
consolidation of, with New York National Exchange banks

126
126
126

JARVIS, R. M.:

testimony of

780-781

JERSEY CITY:

discretionary point as regards collection of out-of-town checks [Cannon]...

JERSEY CITY CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks, no charges [Frew]

JERSEY CITY WATER SUPPLY CO.:

interlocking directorates [Exhibit No. 197-A]

375
620

1570.1571

JOINT-ACCOUNT TRANSACTIONS:

(See Underwriting syndicates.)

JOINT DIRECTORATES:

(See Interlocking Directorates; see also the titles of the specific corporations, i
JONES & LAUGHLIN STEEL CO.:

underwriting syndicates [Lane]

2006

JONES, RICHARD ^\ ., Jr.:

testimony of

235-245

JOYCE, THOMAS W.:

testimony of

1803-1808

KAXE, T. P.:

letter of, relating to certain banks [Winsor]
KANSAS CITY RAILWAY TERMINAL CO.:

underwriting syndicates [Davison]
[Lane]




1958
1857,1858
2005

2170

INDEX.

KBBNE, JAMES K.:

Page.

connection with Amalgamated Copper Co. [Burrage]
1580-1613
connection with pool in stock of Columbus & Hocking Valley Coal Co.—
[Criss]
905-908.911
manner of keeping account of, with New York Stock Exchange brokers—
[Popper]
905
KENDALL, GEOBGE

H.:

testimony oi

895-904

K E O K U K & DBS MolNES RAILWAY:

interlocking directorates [Exhibit No. 197-A]

1570

KEPPLER, RUDOLPH:

testimony of

KIDDER, PEABODY &

852-863
Co.:

interlocking directorates [Scudder, P.]
980-981
[Winsor]
1995-1998
international banks
1995
partners in
1995,1996
participation in large transactions during past decade [Baker]
1540,1541
underwriting syndicates Morgan]
1032.1034
Baker]
1548,1549,1559
Schiff]
1664
Davison]
1849-1853,1858-1863,1868,1985.1986
Winsor]
1998-2002
Exhibit No. 229]
1995,2051-2088

KISSEL, KINNICUT & Co.:

underwriting syndicates [Schiff]
[Davison]
[Lane]

1667
1842-1849
2006,2010,2011,2013-2018

KNICKERBOCKER TRUST CO.:

withdrawal of clearing-house privileges from [Frew]

KNOX. ALFBED

testimony of

C:

631-633
542-552

KNOX, FRANK:

testimony of
1235-1244
KtTHN, LOEB & Co.:
fiscal agencies, none [Exhibit No. 2001
1695
general banking business done by [Schiff]
1661
interest in National Bank of Commerce of New York [Davison]
1866
interlocking directorates [Scudder, P.]
980-981.996
[Schiff]
1680,1681
[Exhibit No. 200]
1698,1699,1765
list of stocks in banks and trust companies held by [Exhibit No. 200].. 1696
loans on New York Stock Exchange [Griesel]
745
participation in large transactions during past decade [Baker]
1540,1541
sale of bonds by, to life insurance companies[ Exhibit No. 200]
1697
underwriting syndicates [Baker]
1549-1551
[Schiff]
1661,1664,1669,1670.1688.1689
[Exhibit No. 200]
1689,1690.1695-1775
[Davison]
: . . . . 1849-1853.1858,1859,1861
voting trusts [Exhibit No. 200]
1769-1772
written answers to questions to [Exhibit No. 200]
1695-1775
LACKAWANNA STEEL CO.:

interlocking directorates [Scudder, P.]

988,991.995.998

LAKE ERIE & WESTERN RAILROAD:

interlocking directorates [Exhibit No. 197-A]

1571

LAKE SHORE & MICHIGAN SOUTHERN RAILROAD:

control of, by New York Central [Baker]
interlocking directorates [Exhibit No. 197-A]
Morgan & Co. as fiscal agents for [Morgan]
[Exhibit No. 142]
stock oi held by Metropolitan Life Insurance Co. [Ecker]
underwriting svndicates [Baker]

1556
1571
1014
1099-1101
1334
1556.1557

LANE, G. M.:

testimony of
LANIEE, CHARLES:

voting truBt [Davison]




2003-2020
1826-1827,1829

INDEX.

2171

LAUGHUN, JAMES LAWRENCE:

Page.

testimony of

96-106

LAWSON, THOMAS:

connection with Amalgamated Copper Co. [Burrage]

1580-1613

LAWYERS TITLE INSURANCE & TRUST CO. OP NEW YORK:

date relating to out-of-town correspondents, loans, etc. [Niven]

953-963,1204

LEE, HIGGINSON & Co.:

interlocking directorates Scudder, P.]
980-981
Exhibit No. 217J]
1800
ExhibitNo. 218]
1800
Lane]
2003
members of
firm
2003
participation in large transactions during past decade [Baker]
1540,1541
underwriting syndicates Morgan]
1032,1034
Baker]
1549,1552,1553
Schiff]
1689
Davison]
1842-1853,
1857,1858,1860-1863,1869,1870,1874,1875,1985,1986
[Winsor]
1998-2002
[Lane]
2004-2018
volumes of transactions and supplemental list [Exhibits Nos. 215, 216, 217]. 1800

LEHIGH VALLEY RAILROAD'

directors meetings [Baker]
1509
executive committee of
1509,1510
interlocking directorates [Scudder, P.]
985,988,991,993,998,1000-1002
[Baker]
1472,1476,1516
[ExhibitNo. 197-A]
1571
listing of securities on New York Stock Exchange [Baird]
883-884
[Alderson]
884
per cent of anthracite coal shipped over [Baker]
1507
refusal of guaranty of Consolidated Stock Exchange [De Aguero]
767
LEHIGH & WILKES-BARBE COAL CO.:

interlocking directorates [Baker]
[Exhibit No. 197-A]
ownership of, by Central Railroad of New Jersey [Baker]

1479
1571
1479,1510

LEVERING, EUGENE:

testimony of

519-522,539

LEVY, CHARLES E.:

testimony of

LEWISOHN BROS..

voting trusts [Henry]
[Exhibits Nos. 160-162]

269-272
1250-1266,1268-1297
1279,1342,1343

LBWISOHN, FREDERICK:

testimony of

913-926, 932-943

LIBERTY NATIONAL BANK OF NEW YORK:

capital [Davison]
1810
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1204
deposits [Davison]
1810
executive committee, members
1810
interlocking directorates Scudder, P.]
984,988,990,992,998,999,1001
Morgan]
1041
ExhibitNo. 197-A]
1570
Davison]
1810,1811
jHine]
2020.2021
personal holdings of Mr. Baker in [Baker]
1460
surplus and undivided profits [Davison]
1810

LIBERTY TRUST CO.:

underwriting syndicates [Davison]

1849-1853

LIFE INSURANCE COMPANIES:

(See also the specific titles.)
chart showing assets of, and explanation thereof [Scudder, L.]
control of banks [Eckerl
reasons for and against mrnishine data relating to [Murray]
sale of bonds to [Kuhn, Loeb & Co.]
[Exhibit No. 200]
stock holdings by [Peabodyl
[Ecker]




974-978,1212
1335
1377,1378
1697
1765-1768
1313-1321
1323-1335

2172

INDEX.

LINCOLN NATIONAL BANK OF NEW YORK:

Page.

data relating to out-of-town correspondents, loans, etc. [Niven]

953-963,1205

LINCOLN TRUST CO. OF NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1205
deposit of money by LTnited States Government with, during panic of
1907[Conelyou]..-"
451

LIQUIDATION :

profit to Metropolitan Trust Co. from liquidation of Oriental Bank, etc., on
call of loan certificates issued to, by clearing house association—
[Beekman]
267
[Jones]
233,234,239, 244,245

LISTER, FREDERICK

testimony of

K.:

684-687

LOANS:

(See New York Clearing House Association; New York Stock Exchange.)
LOGAN, WILLIAM:

voting trust [Davison]

1812-1824

LORAIN STEEL CO.:

underwriting syndicates [Lane]

2012

LOUISVILLE & NASHVILLE RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
interlocking directorates [Scudder, P.]
1000
purchase of stock by Morgan & Co. [Davison]
1831
transfer to Atlantic Coast Line [Baker]
1549,1550
underwriting syndicates [Baker]
1549,1550,1557,1558
MCCALL, JOHN

C:

testimony of

1305-1310

MCCANDLESS, MR.:

testimony of not required

559

MCCORMACK. MR.:

testimony of

1297-1300

MCCORMICK, WILLIAM S.:

testimony of

1228-1235

MCGARRAH, G. W.:

voting trust [Davison]

MABON, JAMES B.:

testimony of

1812-1824
361-373,379-411,413-429,470-488

MAINE CENTRAL RAILROAD:

fiscal agency of Morgan & Co. for [Exhibit No. 141]
underwriting syndicates [Baker]
[Lane]

MANHATTAN TRUST CO. OF NEW YORK:

1097
1558
2006-2008

absorption by Bankers Trust Co. [Cannon]
[Frew]
refusal of guaranty of Consolidated Stock Exchange [De Aguero]

214,215
602-607,612
767

MANIPULATIONS :

(See also Xew York Stock Exchange, i
of stocks of California Petroleum Co. Lewisohn]
Feder]
Exhibit No. 132i]
[Henry]
of stocks of Amalgamated Copper Co. [Wolfaon]
of stocks on New York Stock Exchange [Mabon]
Pomroy]
Morse]
Sturgis]
Keppler]
Streit]
Content]
Grier]
Perkins]

933-943
944-952
951,1186-1191
1250,1255,1268-1297
718-740
394,395,397-399
499
688-717
838-852
854-858
866-868
869-879
879,880
1627,1628

MECHANICS & METALS NATIONAL BANK OF NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1206
interlocking directorates [Scudder, P.]
990,992,998,1001
[Davison]
1811
list of stockholders of 1,000 shares and over in [Exhibit No. 205]
1798




INDEX.

2173

MELLON NATIONAL BANK OP PITTSBURGH:

Page.

interlocking directorates [Scudder, P.]
list of stockholders of 1,000 shares and over in [Exhibit No. 210]

995,997
1799

MERCANTILE MARINE CO.:

voting trusts [Morgan]

1041

MERCANTILE NATIONAL BANK OF NEW YORK:

absorption by Irving Bank [Sherer].

126

MERCANTILE NATIONAL BANK OP ST. LOUIS:

list of stockholders of 1,000 shares and over in [Exhibit No. 211]

1799

MERCANTILE TRUST CO. OP NEW YORK:

absorption by Bankers Trust Co. [Cannon]
[Frew]
control of, by Equitable Life Assurance Society [Cannon]
[Frew]
[Day]

214,215
602-607,612
214-215
603-604,610,611
1329,1330

MERCHANTS:

(See also New York Clearing House Association; New York Stock Exchange.)
loans to, by Corn Exchange Bank [Frew]
639-645
rate of interest on, loans to [Frew]
650,651
MERCHANTS EXCHANGE NATIONAL BANK OP NEW YORK:

data relating to out-of-town correspondents, loans, etc. [Niven]

953-963,1206

MERCHANTS LOAN & TRUST CO. OP CHICAGO:

interlocking directorates [Scudder, P.]

995,997

MERCHANTS NATIONAL BANK OF NEW YORK:

affiliation with Standard Oil interests [Sherer]

127

MERGERS:

companies with United Drygoods Co. [Davison]
1867,1868
distinguished from purchase of stock [Cannon]
230
financial institutions, effect [Frew]
602-607,610
[Baker]
1566-1568
members of New York Clearing House Association with nonmembers, effect—
[Sherer]
160
[Cannon]
229,230
national banks not possible [Cannon]
230
METROPOLITAN NATIONAL BANK OF NEW YORKT

data relating to out-of-town correspondents, loans, etc. [Niven]
stock of, held by Metropolitan Life Insurance Co. [Ecker]

953-963,1207
1335

METROPOLITAN LIFE INSURANCE CO.:

bank balances in principal banks for certain years [Exhibit No. 135-C]... 1214
bankers on finance committee of [Ecker]
1335
chart showing assets of, and explanation [Scudder, L.]
974-976
[Exhibit No. 134]
976,1212
interlocking directorates [Scudder, P.]
998
proportionate amount of votes cast by policy holders at annual elections—
[Ecker]
1332-133S,
[Woodward]
1336-1339
[Exhibit No. 168]
1339,1360
stock holdings of [Ecker]
1333-1335
METROPOLITAN TRUST CO. OP NEW YORK:

Data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1207
profits to, from liquidation of Oriental Bank on call of loan certificates issued
to, by Clearing House Association, [Beekman]
267
[Jones]
233,234,239,244,245
MEXICAN PETROLEUM CO.:

statistics of dealings in stock of [Exhibit No. 89]

1146

MICHIGAN CENTRAL RAILROAD:

fiscal agency of Morgan & Co. for [Exhibit No. 142]
interlocking directorates [Exhibit No. 197-A]

1098,1099,1101
1571

MINING SECURITIES:

underwriting syndicates in [Davison]

1860-1863

MINORITY STOCKHOLDERS:

representation of [Perkins]

1622-1624

MISSOURI, KANSAS & TEXAS RAILROAD:

interlocking directorates [Scudder, P.]

995,998

MISSOURI PACIFIC RAILROAD:

interlocking directorates [Scudder, P.]
3
71352—PTS 1-27—13


991,993,998,1001

2174

INDEX.

MOFFETT & WHITE:

underwriting syndicates [Lane]

MOHAWK & MALONE RAILWAY:

interlocking directorates [Exhibit No. 197-A]

MONETARY COMMISSION:

report and proposed bill of, opinion of Mr. Hepburn as to

Page.

2006

1571
310-313

MONEY:

concentration and control of Morgan]
1081-1084
Baker]
1566-1568
Perkins]
1629-1635
Sehiff]
1686-1688,1691-1694
Davison]
1959-1987
Hine]
2041, 2042
nonavailability of for loans as reducing speculation in stock [Morgan]
1090
reasons for attraction to New York City [Murray]
1416,1417

MONEY STRINGENCY:

relief, of October 24, 1907 [Thomas]

354-361

MONBT TKUST:

(S«e Money.)

MONOPOLIES:

propriety of [Sehiff]
[Davison]
[Hine]

MONTCLAIR GOLF CLUB:

interlocking directorates [Exhibit No. 197-A]

MONTCLAIR WATER CO.:

interlocking directorates [Exhibit No. 197-A]

1691-1694
1875-1879,1881-1885
2048
1570
1571

MORSE BANKS:

retirement of loan certificates issued to [Sherer]
MORSE, PERLEY:

testimony of

MORGAN & Co.:

194-200
708-717

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
accounts of securities for firm and its clients [Joyce]
1803-1808
acquisition of holdings of Mutual Life Insurance Co. and Equitable Life
Assurance Society in National Bank of Commerce of New York—
[Baker]
1461-1471, 1535-1538
[Exhibits Nos. 157, 158]
1267-1268
acquisition of Pennsylvania Coal Co. [Baker]
1514.1515
amount of convertible securities on hand as compared with deposits of
interstate corporation [Da\ ison]
1985
balances in various banks [Exhibits Nos. 219, 220]
1803,1948.1949
bankers agreement with Deutsche Bank [Exhibit No. 159]
1341-1342
banking business done by [Morgan]
1004,1005
connection with International Traction Co. [Scudder, P.]
989
connection with relief of money stringency, October 24, 1907 [Thomas].. 354-361
connection with transactions in Amalgamated Copper Co. [Burrage]... 1580-1613
consolidation of banks by [Baker]
1566,1567
control of Chicago Great Western Railway
1523
control of Equitable Life Assurance Society [Frew]
607,608,616,611,
[Scudder, P.]
985
control of Southern Railway [Baker]
1523
depositary of United States Steel Corporation [Morgan]
1027
deposits of interstate corporations with
1005-1007,1011
[Exhibit No. 1551
1340-1341
[Exhibit No. 156]
1341
deposits with [Exhibit No. 154]
1267-1339
dominance of power of [Baker]
1538-1541
[Davison]
1825
financing of subsidiary companies of United States Steel Corporation
[Davison]
1833-1835
fiscal agencies Morgan]
1007-1008.1012-1019,1024
Exhibit No. 141]
1096-1097
Exhibit No. 142]
1098-1101
Baker]
1553
Da\ ison]
1826,1827,1865,1866.1874




INDEX.

2175

HOKGAN & Co.—Continued.
Page.
interests in certain banks [Frew]
653
[Morgan]
1034-1038
[Schfffj
1687,1688
[Davison]
1866.1870,1879,1880
interests in Beading Railroad [Morgan]
1061
interests in transportation facilities in New York City [Baker]
1554,1555
interlocking directorates Scudder, P.]
980-981,984-986,989,997,1002
Morgan]
1011,1012,1038,1040,1041
Baker]
1457,1475-1477
Exhibit No. 197]
1490,1568,1569
Exhibit No. 197-A]
1543,1569-1571
[DavisonL
1833,1834
investment of funds of, in bonds [Davison]
1984,1985
joint interests with George F. Baker [Baker]
1467-1469
loans on New York Stock Exchange [Griesel]
745
[Davison]
1982-1984
London branch [Morgan]
1004,1012
membership on executive committee of New York Central
1014
membership on finance committee of New York Central
1013-1014
names of partners in
1004
organization of United States Steel Corporation by
1025-1027
Paris branch
1004,1012
participation in organization of First Security Co. [Baker]
1420-1424
participation in large transactions during past decade
1540,1541
participation in merger of institutions with Guaranty Trust and Bankers
Trust Cos. [Davison]
."
1871
purchase of stock of Louisville & Nashville Railroad
1831
relation of, to the deposit of money by United States Government to relieve
stringency during panic of 1907 [Cortelyou]
443,446,448-450
reorganization of Philadelphia & Reading Railroad [Baker]
1507,1508
same as Drexel & Co., of Philadelphia [Scudder, P.]
984
[Morgan]
1003,1004
securities marketed by [Morgan]
1033-1034
securities owned by constituents of United States Steel Corporation
[Joyce]
1806-1808
stock held by, in First National Bank of New York [Baker]
1435,1535
subscription to National Citizens League [Bush]
109
underwriting syndicates [Morgan]
1028-1033
[Baker]
1513,1514,
1521,1522,1524-1526,1529.1530,1543-1559
[Schiff]
1664,1666,
1667.1669,1670,1687-1689,1800-1802
[Davison]
1828-1831,
1842-1853,1857-1859.1864.1867-1870,1874,1875
1985,1986,1987-1980
Exhibits Nos. 235, 236]
1857
Winsor]
1998-2002
Lane]
2004-2011
Hine]
2030-2047
Exhibit Nos. 235, 236]
2127-2140
voting trusts [Mabon]
484,487
Pomroy]
490,491,494
Frew]
596-598
Scudder, P.]
986,987,988,1003
Morgan]
1017-1018,1041
Baker]
1431,1447-1457,
1508,1517.1518.1520-1524,1528.1529,1560,1561
Perkins]
1618-1622
Schiff]
1687
Davison]
1828.1829,1836-1840
Exhibit No. 224]
1835,1955
MORGAN, J.

P.:

testimony of
MORGAN-GRENFELL CO.:

underwriting syndicate [Davison]




1003-1008,1011-1091
1858,1859

2176

INDEX.

MORTOX TRUST CO.:

Page.

merger with Guaranty Trust Co. [Baker]

„,...

MOVEMENT:

in stocks defined [Mabon]

1560
399

MULLEK, SCHALL & C o . :

subscriptions to National Citizens League [Bush]
MUNICIPAL SECURITIES:

competitive bidding in sale of [Davison]
regulation of dealings in, on New York Stock Exchange [Mabon]

MURRAY, LAWRENCE

0.:

letter of relating to certain banks [Winsor]
testimony of

109
1978-1980
391-392
1957,1958
1361-1418

MUTUAL LIFE INSURANCE CO.:

bank balances of, in principal banks for certain years [Exhibit No. 135-A].. 1213
chart showing assets of [Exhibit No. 134]
'.
976,1212
holdings in Guaranty Trust Co. [Baker]
1448,1449,1451
[Davison]
1812,1813
holdings in National Bank of Commerce of [Baker]
1460-1467
holdings in Southern Railway
1524
interlocking directorates [Scudder, P.]
984,988,
991,993,995,998,1000-1002
[ExhibitNo. 197-A]
1571
membership of George F . Baker on finance committee of [Baker]
1471,1472
NASHWANNUCK MANUFACPURING CO.:

interlocking directorates [Exhibit No. 197-A]

1570

NASSAU COUNTRY CLUB:

interlocking directorates [Exhibit No. 197-A]
NATIONAL BANKING ACT:

inadequacy of [Murray]

1570
1380,1381

NATIONAL BANK OF BELGIUM:

voting power of stockholders [Morgan]

NATIONAL BANK OF COMMERCE OF BOSTON:

interlocking directorates [Winsor]
[Lane]

NATIONAL BANK OF COMMERCE OF KANSAS CITY:

stock of, held by Metropolitan Life Insurance Co. [Ecker]

1058
1996
2003
1333

NATIONAL BANK OF COMMERCE OF NEW YORK:

bond dealings [Davison]
1856
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1207
deposits of Equitable Life Assurance Society in [Day]
1331
directors, number of [Davison]
1870
interest of Morgan & Co. in [Morgan]
1036-1038
[Davison].
1879,1880
interlocking directorates [Scudder, P.]
980-981,
984,988,990-992,995-999,1000-1002
Morgan]
1038
Baker]
1457
Davison]
1812,1866
Exhibit No. 197-A]
1570,1571
Hine]
2020,2021
list of stockholders of 1,000 shares and over in [Exhibit No. 203]
1798
personal holdings of Mr. Baker in [Baker]
1460
stocks of, held by insurance companies [Feabody]
1314-1316
[Day]
1324-1327,1329
[Baker]
1460-1467
underwriting syndicates [Morgan]
1038
[Davison]
1849-1853
voting trusts [Scudder, P.]
999

NATIONAL BANK OF NORTH AMERICA:

retirement of loan certificates by notice from Clearing House Association—
[Sherer]
194-200
[Hanna]
463-464

NATIONAL BANKS:

(See Interlocking directorates; New York Clearing House Association;
New York Stock Exchange; Underwriting syndicates; Voting trusts.)
(See, also, the specific titles.)



INDEX.
NATIONAL BANKS—Continued.

2177
Page,

affiliations with State banks, record of, by national-bank examiners [Hurray]
'.
1397
assets, keeping in private ledgers
:
1396
boards of directors, advisability of limiting number of [Schiff]
1686
bonds of bank examiners [Murray]
1385
chartering of new banks by Comptroller of Currency
1397-1401
comparison of notes between national bank examiners and State bank examiners
1387
control by one bank of another, right to [Baker]
1458
cooperation between national-bank examiners and clearing-house examiners [Murray]
1389,1390.1392
cumulative voting [Murray]
1417,1418
[Hine]
2048,2049
dealings by directors with their own banks
1380-1383
dealings in stocks, advisability of [Morgan]
1076-1078
distribution of loans, advisability of [Murray]
1409.1410
domination of, by nonstockholders
1401
domination of, by other corporations
1402
examinations by bank examiners [Schiff]
1690-1691
examinations by Comptroller of Currency
1383,1384
examinations of loans _by Comptroller of Currency
1409-1411
examinations of securities for loans by Comptroller of Currency
1408,1409
Government regulation of [Schiff]
1682,1683
holding companies, advisability
1691-1694
information gathered by bank examiners regarded as confidential [Murray]. 1391
interchange Dy bank examiners of lists of banks to be examined
1388
investment of assets
1412,1413
liquidation of assets
1412-1414
list of banks having affiliated State banks or security companies
1407
[Exhibit No. 193]
1405,1406
list of large borrowers in reserve cities, not furnished by Comptroller of
Currency [Murray]
1403,1404
loans by
1393
management [Hine]
2040.2041
merger of, not possible [Cannon]
230
minority representation of stockholders [Murray]
1417
[Schiff]
1678-1680
[Hine]
2048, 2049
monopolies in [Dayison]
1881-1885
number of banks in reserve cities having right to loan 1500,000 and over
[Murray]
1404,1405
present number of [Dayison]
1960,1961
province of, under national-banking act
'.
1412
publicity of assets of, advisability [Baker]
1495,1496
[Schiff]
1690
Davison]
1872,1873
[Hinel
2039,2040
publicity of list of stockholders [Davison]
'.
1872-1874
reasons for and against furnishing data relating to assets of [Murray]
13761380,1387,1388
reports of bank examiners
1385,1386
reserves, reality of
^
1416
supervision of bank examiners by comptroller
1386
written off assets
1414,1415

NATIONAL BISCUIT CO.:

interlocking directorates [Scudder, P.]
[Exhibit No. 197-a]

988, 993, 998,1000.1001
1570

NATIONAL CITIZENS LEAGUE:

approval of work of, by State banking associations [Bush]
Ill
banking associations and clearing houses working through
107
bureaus of [Laughlin]
102,103
Mr. Bush as chairman of executive committee of New York branch [Bush]. 107
committees of [Laughlin]
99,100
expenditures
103,104
interest of financial institutions in
101
method of organization [Bush]
107



2178

INDEX.

NATIONAL CITIZENS LEAGUE—Continued.

Page.

organization and charter of [Laughlin]
96
[Exhibits Nos. 9. 10]
97
purpose of organization [Laughlin]
97,100
reasons for banking institutions not being connected with [Bush]
107
relation of Bush Terminal Co. to
107
statement of disbursements of [Exhibit No. 11]
106
subscriptions to [Laughlin]
98,99,101-104,106,108-111
supervision of raising of funds for [Bush]
107
support of by Bankers' Association [Bush]
107
NATIONAL CITY BANK OF NEW YORK:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
bond dealings of [Davison]
1856
control of Consolidated Gas Co. [Peabodv]
r
1317
[Baker].".
1555
data relating to [Exhibit No. 232]
2020,2104-2124
data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1208
deposit of money in by United States Government during panic of 1907
[Cortelyou]
".
440
deposits, amount of [Schiff]
1673
interest of Morgan & Co. in [Morgan]
1036,1075,1076
[Schiff]
1688
[Davison]
1879
interlocking directorates [Scudder, P.]
984,990,994-996,998
[Murray]
1415
Perkins]
1625
[Schiff]
1680
interests of Stillman, Morgan, and Rockefeller in [Davison]
1870
list of securities held by [Exhibit No. 227]
1958,2049,2050
list of stockholders of 1,000 shares and over in [Exhibit No. 201J]
1798
loans on stock exchange [Frew]
649
[Griesel]
745,750,751
[Turner]
753, 754
ownership of City Securities Co. [Yanderlip]
290
[Morgan]
1036,1074,1075
participation in large transactions during past decade [Baker]
1540,1541
per cent of earnings on capital [Sherer]
160
proportion of deposits invested in securities [Schiff]
1673
underwriting syndicates [Baker]
1524-1526,1547-1550,1552,1553,1556-1559
[Schiff]
1666,1667,1673-1675,1687-1689
[Davison]
1829-1831,
1849-1853,1857-1859,1869,1870,1874,1875
[Lane]
2013-2018
[Hine]
2030-2047
voting trusts [Scudder, P.]
996
NATIONAL CITY SECURITY CO.:

interest in Riggs National Bank of Washington [Murray]

1415,1416

NATIONAL COPPER BANK OF SALT LAKE CITY:

dealings with Salt Lake City Clearing House Association—
Armstrong.]
McCormick]
Knox]
Burton]
[Farnsworth]

1215-1228
1228-1235
1235-1244
1244-1248
1248-1250

NATIONAL EMPLOYMENT EXCHANGE:

interlocking directorates [Exhibit No. 197-A]

1570

NATIONAL LEAD CO :

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [DeAguero]

775

NATIONAL LIFE INSURANCE CO :

chart showing assets of and explanations [Scudder]

974-978

NATIONAL PARK BANK OP NEW YORK:

interlocking directorates [Scudder. P.]
loans on stock exchange [Ewert]

992
965

NATIONAL RESERVE BANK OP NEW YORK:

not clearing through New York Clearing House Association [Frew]



624-625

INDEX.

2179

NATIONAL SHAWMUT BANK OF BOSTON:

capital, surplus and undivided profits [Winsor]
interlocking directorates
list of stockholders of 1,000 shares and over in [Exhibit No. 208]
underwriting syndicates [Winsor]

Page.

1997
1995,1996
1799
1998-2002

NATIONAL TUBE CO.:

underwriting syndicates [Lane]

2010,2011

NBSBIT, HARRISON:

testimony of

552,553

NEW AMSTERDAM NATIONAL BANK:

receivership and liquidation of [Hanna]
458—461
retirement of loan certificates by notice from Clearing House Association [Shererl
194-200
[Hanna]
,
463^64
NEWARK, N.

J.:

discretionary point as regards collection of out of town checks [Cannon]...

375

NEWCOMER, WALDO:

testimony of

522-540

NEW ENGLAND NAVIGATION CO.:

interlocking directorates [Exhibit No. 197-A]

1571

NEW ENGLAND TRUST CO.:

interlocking directorates [Winsor]

1996

NEW JERSEY GENERAL SECURITY CO.:

interlocking directorates [Exhibit No. 197-A]

1571

NEWMAN, SERE:

testimony of

978,979

NEW YORK AIR BRAKE CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [DeAguero]

775

NEW YORK BANK NOTE CO.:

inability to get certificates engraved by it listed on New York Stock Exchange [Field]
885-894
[Kendall]
895-904
NEW YORK, CHICAGO & ST. LOUIS RAILROAD:

interlocking directorates [Exhibit No 197-A]

1571

NEW YORK CITY:

correspondence relating to marketingof bonds of [Exhibit No. 234]
underwriting syndicate in bonds of [Davison]

2126
1978-1980

NEW YORK CLEARING HOUSE ASSOCIATION:

assumption of subtreasury power [Vanderlip]
276-278
average balances of out of town banks with member banks [Sherer]
183
average daily balances
114
average daily clearances [Sherer]
114
[Cannon]
225
cash balances [Sherer]
114
certificates of deposit of United States legal-tender notes as a medium of
circulation among members [Sherer]
132-135
[ExhibitNo. 15]
133
certificate for United States silver certificates [Exhibit No. 16]
133
clearance facilities, necessity, etc. [Sherer]
129
[Frew]
583,585,586
clearances of checks [Sherer]
129-131
clearing department, number of employees
131
clearing-house certificates Vanderlip]
276-278
clearing-house committee Sherer]
121-123,161,166-168,183-185
Cannon]
206,207,215
Jones]
254-256
Frew]
582,583,595,596
collection of out of town checks, rules and regulations—
Shererl
H7>136-145,148-153,157,167,171-183,188-190
Cannon]
218-220, 222-225, 374-378
Jones]
261.262
Vanderlip]
274,276,280,282-289
Hepburn]
306-310
Frew]
615-629,655,669-683
Exhibit No. 69]
670,821-823
Lister]
684-687



2180

INDEX.

N E W YOBK CLEARING HOUSE ASSOCIATION—Continued.

Paee-

data as to certain institutions, members of [Niven]
952-963
[Exhibit No. 133]
963,1192-1211
depositary certificates [Sherer]
186-188
examining department
131,167-169
[Hanna]
464-469
factor in interstate commerce [Sherer]
139
function as warehouse for money [Vanderlip]
276
gold-coin certificates [Sherer]
133
[Exhibit No. 17]
133
gold-certificate [Exhibit No. 14]
133
Government control of Sherer]
112,132,144
Cannon]
225
Frew]
594-596
groups of banks [Sherer
125,127,128
importance in financial system [Baker]
1564
incorporation, advisability of [Cannon]
225
[Schiff]
1690
interest on daily balances against checks [Cannon]
221-223
interest on deposits
160
legitimate functions of [Vanderlip]
274-279
loan certificates, issue, collateral, etc. [Exhibit No. 18]
133,134
Sherer]
185-188,191,192
Cannon]
231,232
Hepburn]
297,298
[Frew]
589,590
issue to Oriental Bank and call thereof [Sherer]
194-199
Cannon]
231-235
Jones]
235-245
Hewitt]
245-254
Beekman]
260-267
Levy]
269-272
Hepburn].
300,301
Exhibit No. 23]
272,273
issue to Bank of North America and call thereof [Hepburn]
301
[Hanna]
468
loan committee [Sherer]
184,185,190,191
[Cannon]
201,215
[Frew]
590
membership in, admission, regulation, suspension, or expulsion—
[Sherer]
112-117,119-121,123,124,129,131,
132,140-146,160-163,167-169
Cannon]
225-230
Jones]
259
Vanderlip]
291.292
[Frew]
629-630,577-594, 630,631
examination of bank members of [Baker]
1443,1444
[Davison]
1961
[Exhibit No. 228]
1961,2050,2051
meetings of, number [Sherer]
123
nature of organization
112
nonchartered institution
112
nonmembers with clearance privileges [Sherer]
116-118,145-148,165,166,169
Newcomer]
533
Frew]
587-589, 620-622,625, 630-639
Davison].
1961
ExhibitNo. 228]
1961,2050,2051
number of banks outside of
623-625
objects of association [Sherer]
156
out of town correspondence, data as to [Niveni
952-963
[Exhibit No. 133]
963,1192-1211
public functions of [Sherer]
139
rate of exchange [Sherer]
154,156,157
[Jones]
255-257
rate of interest on deposits [Cannon]
218
[Jones]
260,261
[Frew]
626-628



INDEX.

2181

NEW YORK CLEARING HOUSE ASSOCIATION—Continued.

Page-

rate of interest on loans [Jones]
260,261
redress on refusal of association to permit purchase of bank [Sherer]
164
reliance on examinations by State and Federal authorities [Sherer]
168
request for resignation of Mr. Jones as president of Oriental Bank—
[Beekman]
264,265
[Hewitt]
246-249
[Levy]
269-271
[Hepburn]
293-299
uest to Oriental Bank to discontinue clearances for certain nonmembers
rones]
236-239
it to have currency not subject to taxation [Sherer]
135,136
secretary an officer of Security Bank
192
stifling small banks
124,125
trust companies as nonmembers [Frew]
623-625
year of organization [Sherer]
Ill

3

S E W YORK COTTON EXCHANGE:

members of, having membership in New York Produce Exchange [Mabon].

471

NEW YORK CENTRAL & HUDSON RIVER RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [DeAguero]
775
availability of stock of, as collateral for loans on New York Stock Exchange
[Griesel]
750
connection of Mr. Baker with [Baker]
1504,1505
control of Lake Shore & Michigan Southern Railway
1556
control of New York, New Haven & Hartford Railroad
1516
executive committee [Morgan]
1014
finance committee
1013-1014
Morgan & Co. as fiscal agents for [Morgan]
1008,1012,1013
[Exhibit No. 142]
1098,1099,1101
interlocking directorates [Scudder, P.]
985,988,991,995,998,1000-1002
[Baker]
1472,1516
[ExhibitNo. 197-A]
1571
underwriting syndicates Baker]
1558
Davison]
1857,1858
NEW YORK COFFEE EXCHANGE:

(See Valorization of coffee.)
dealings in all grades of coffee [Sielcken]
important element in international dealings in coffee
quotations and dealings on, as regulators of price of coffee

8,9
7
8

NEW YOBK CURB ASSOCIATION:

(JSee Curb market.)
NEW YORK EDISON CO.:

interlockingdirectorates [Exhibit No. 197-A]

1571

NEW YORK & HARLEM RAILROAD:

interlocking directorates [Exhibit No. 197-A]

1571

NEW YORK LIFE INSURANCE CO.:

bank balances of, in principal banks for certain years [Exhibit Nos. 135,
167]
1213,1305,1359,1360
chart showing assets of [Scudder, L.]
974-978
[Exhibit No. 134]
976,1212
interlocking directorates [Scudder, P.]
988,993,998,1000,1001
list of securities held by [Exhibit No. 139]
1074,1095-1096
proportionate amount of votes cast at general election by policyholders
[McCall]
1305-1310
NEW YORK & LONG BRANCH RAILROAD:

interlocking directorates [Exhibit No. 197-A]

1571

NEW YORK MUTUAL GAS LIGHT CO.:

interlocking directorates [Exhibit No. 197-A]

1571

NEW YORK, NEW HAVEN & HARTFORD RAILROAD:

control of, by New York Central [Baker]
1516
control of, New York, Ontario & Western Railroad
1516,1517
interlocking directorates [Scudder, P.]
985,988,991,993,995,998,1000-1002
[Baker]
1516
[ExhibitNo. 197-A]
1571
Morgan & Co. as fiscal agents for [Morgan]
1008,1012,1013,1015,1016
[Exhibit No. 141]
1096-1098




2182

INDEX.

NEW YORK, NEW HAVEN & HARTFORD RAILROAD—Continued.

stock of, held by Mutual Life Insurance Co. [Peabody]
underwriting syndicate [Baker]
[Lane]

Pa

se-

1318
1558
2005,2006,2009

NEW YORK, ONTARIO & WESTERN RAILROAD:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
control of, by New York, New Haven & Hartford Railroad [Baker]... 1515,1516
per cent of anthracite coal shipped over
1507
underwriting syndicates [Schiff]
1689
NEW YORK PRODUCE EXCHANGE:

conferences with New York Stock Exchange [Aspegren]
931,932
cotton brokers as members of [Mabon]
471
expulsion of members of New York Stock Exchange for dealing in securities
with members of produce exchange listed by stock exchange [Mabon] 470-471
listed securities [Aspegren]
930-932
number of members of, having membership in New York Stock Exchange
[Mabon]
471
NEW YORK & PUTNAM RAILROAD:

interlocking directorates [Exhibit Xo. 197-A]

1571

NEW YORK RAILWAYS CO.:

interlocking directorates [Scudder, P.]

992,995

NEW YORK STOCK EXCHANGE:

advantage of membership in, in dealing in securities [Sturgis]
785-786
"amount" in stock denned [Mabon]
399
annual dues of members [Ely]
334
board of governors, how constituted [Keppler]
853
clearing house for securities in [Mabon]
479-480
[Streit]
864-866
commissions for purchase and sale of securities [Mabon]
402,403
committee on stock list Ely]
323
Exhibit No. 224]
1835,1955
Exhibit No. 225]
1835,1955
[Exhibit No. 226]
1835,1836
communication or business with Consolidated Exchange prohibited—
Ely]
326-330,336
Cannon]
350
Mabon]
385-388,470,471
Heim]
756-766
Exhibits Nos. 112-115]
759-766
De Aguero]
766-776
Exhibits Nos. 116-121]
768-772
Ober]
776-779
ExbibitNo. 125]
777
Dietz]
779-780
Jarvis]
780,781
Sturgis]
816,818^820
Keppler]
858
conferences looking to relief of conditions in, during panic of 1907—
[Cortelyoul
436-437
[Aspegren]
931,932
constitution of [Exhibit No. 25]
326
control of, by Government [Ely]
330-331
[Morgan]
.'
1087
[Perkins]
1625,1626
curb dealings [Mabon]
471^73,475
[Ober]
776,778,779
[Sturgis]
814-816
[Keppler]
858,859
demand loans on collateral [Cannon]
346-349
[Thomas]
361
[Mabon]
370-371
distribution of moneys for relief of stringency, Oct. 24, 1907 [Steele]
455-457
effect of increase of membership onfloorof [Sturgis]
786
examination in, as assurance of responsibility to public [Sturgis]
789
examination of books of members [Sturgis]
788
fines imposed on members for dealings between stated hours [Mabon]... 478-479



INDEX.
NEW YORK STOCK EXCHANGE—Continued.

2183
Pa«e.

governing committee [Sturgis]
782
Government and municipal securities exempt from rule fixing rate of commission for buying and selling, regardless of value [MabonJ.
391
Hughes investigation of Ely]
319-322
Exhibit Xo. 27]
:
321, 363
Mabon]
363-365
Sturgis]
789-792, 825, 852
Keppler]
853, 854
hypothecation by members of securities of customers [Sturgis]
793-797
importance and size of as compared with Consolidated Stock Exchange
[Ely]
".
322-323
importance in financial system [Baker]
1564
impossibility of dealing in Government and municipal securities on, unless
engraved by a company appointed by Exchange [Mabon]
391-392
incorporation of [Aspegren]
929,930
[Perkins]
1625,1626
initiation fee of members [Ely]
334
interstate corporations required to apply for adihission of securities to
official lists [Ely].
324-325
investigation of brokerage houses by certified public accountant [Morse].. 708-717
limitation of membership [Ely]
318-319,331
[Mabon]
403,411
listed securities, manner of listing, effect, etc. Ely] 323-326,329,333,336,338-342
Cannon]
350
Mabon]
369-377,383-385,
392,405,406,413-429,480-484
Pomroy]
488,489,491-499
Heim]
761,762
Ober]
779
Sturgis]
782-784,815-818
Keppler]
859,860
Atteson]
881,882
Baird]
883-884
Field]
885-894
Kendall]
895-904
Lewisohn]
921,937-939
Aspegren]
930
Baker]
1564
Davison]
1836-1840
lirt of members becoming insolvent [Sturgis]
789
[McCormack]
1300
[Exhibits Nos. 164-165]
1299-1357
list of trustees holding securities for members of [Ely]
337
loans on, by banks throughout country [Cannon]
350-352
loans on collaterals [Pomroy]
490
Frew]
640-642,647-653
Exhibit No. 67]
639
Griesel]
742-752
Turner]
753-756
Sturgis]
796-802
Niven]
952-963
Exhibit No. 133]
963,1192-1211
Ewer]
963,964
Morgan]
1084-1086,1090
Henry]
1275,1291-1293
Constantinel
1302,1303
Tillinghast]
1304,1305
Murray]
1395,1396
Baker]
1502-1504,1564,1565
[Davison]
1982-1984
membership in, how obtained [Ely]
331
members operating on floor of, not required to pay commissions [Sturgis].. 786
money rate of interest [Cortelyou]
433-435
[Frew]
645-648,650-654
[Ewer]
965
not engaged in any business [Ely]
334



2184

INDEX.

NEW YORK STOCK ExcHANGE-^Continued.

*»««•

number of members [Sturgis]
782-783
number of members of, having membership in New York Produce Exchange [Mabon]
471
ownership of building [Ely]
318,336-337
[Sturgis]
820
property representation of seat on [Sturgis]
784-785
public function performed in interstate commerce [Ely]
331-332
[Sturgis].
837
precedence of obligations between members in case of insolvency—
[Mabon]
479
[Sturgis]
786-789
quotations of [Ely]
332,333
Cannon]
349
Thomas]
352-355,361
Pomroyi
489
Sturgis]
803-806,837,838,841,842
Murray].
1393,1394
Perkins]
1626
rate of commission for buying and selling securities [Mabon]
389-391
rate of interest on loans of money deposited by United States Government
during panic of 1907 [Cortelyou]
447
registrars for listing securities [Ely]
325,326
relation of, with banks [Sturgis]
837
relief of stringency of money market, October 24, 1907 [Thomas]
354-361
splitting commissions [Sturgis]
813
stock transactions, sales, short sales, pools, manipulations, etc.—
Mabon]
111,369,373,392-399,410
Pomroy]
499,500
Scudder, L.]
688
Morse]
708-717
Exhibits Nos. 109]
711-1178
De Aguero]
773, 77.4
Sturgis]
806-814,825-858
Keppler]
863
Street]
866-868
Content]
869-879
Grier]
879-880
Popper]
904-908
Cnss]
908-913
Exhibits Nos. 77-79]
1125-1129
Exhibit No. 80]
1130
Exhibits Nos. 83a-83e]
1135-1140
Exhibits Nos. 84-87]
1141-1145
Exhibits Nos. 94-96]
1152-1156
Exhibits Nos. 104-105]
1170-1173
Exhibits Nos. 127-129]
912.1183-1185
Lewisohn]
922-926, 933-943
Feder]
944-952
Exhibit No. 132J]
951,1186-1191
Scudder, L.]
976
Morgan]
1087-1091
Exhibits Nos. 74-76]
1120-1124
Exhibits NOB. 81-83]
1131-1134
Exhibit No. 88]
1146
Exhibits Nos. 95-96]
1154-1156
Exhibit No. 89]
1146
Exhibits Nos. 90-93]
1147-1151
Exhibits Nos. 97-99]
1157-1161
Exhibits Nos. 100-101]
1162-1165
Exhibits Nos. 100-101]
1162-1165
Exhibits Nos. 102, 103]
1166-1168
Exhibits Nos. 106-108]
1174-1178
Henry]
1250-1255,1268-1297
Exhibits Nos. 149-153]
1253,1255,1261-1266
Perkins]
1627,1628
Wollman]
1783-1798
Exhibits Nos. 200, 201a]
1785,1786




IXDEX.
NEW YORK STOCK EXCHANGE—Continued.

2185
Page.

suspension or expulsion of members [Mabon]
388, 389. 397, 402,407-410
[Exhibit No. 30]
397,398
telephone and telegraph connections [Ely]
334, 335
[Mabon]
395-402
ticker quotations [Sturgis]
785, 802, 805
transfer agents as prerequisite to listing securities [Ely]
325, 326
unincorporated association [Ely]
319
unlisted securities [Mabon]
362-372,379-384, 474, 478
[Exhibits Nos. 28-29]
380-383
usefulness of service to financial system of country [Mabon]
373
use of money deposited by United States Government for relief of, during
panic of 1907 [Cortelyou]
436-454
value of seat on [Ely]
334-336
[Sturgis]
783,784
volume of business [Sturgis]
783,784
Wall Street market only call money market in country [Frew]
647
NEW YORK SUBWAYS:

underwriting syndicates [Davison]

1849-1853

NEW YORK, SUSQUEHANNA & WESTERN RAILROAD:

interlocking directorates [Baker]
[Exhibit No. 197-A]
ownership of, by Erie Railroad [Baker]
per cent of anthracite coal shipped over

1473,1477,1516
1571
1477,1478
1507

NEW YORK TRUST CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
interlocking directorates [Scudder, P.]
980,981,984,988,995,1001
NEW YORK, WESTCHESTBR & BOSTON RAILROAD:

underwriting syndicates [Lane]
NrvEN, J. B.:
testimony of

2010
952-963

NORFOLK & WESTERN RAILROAD:

competition with Virginia Railway [Davison]
interlocking directorates [Scudder, P.]
voting trusts [Morgan]..-.

1986
991,995,998
1043

NORTHERN PACIFIC RAILWAY:

combination with Great Northern [Baker]
1530-1532
competition with Great Northern
1530-1532
corner in stock of [PomroyJ
499-501
interests of Mr. Baker in [Baker]
1530-1532
interests of J. J. Hill in [Baker]
1530-1532
[Hill]
1988-1990
interests of First Security Co. in [Baker]
1530-1532
interlocking directorates Scudder, P.]
985,988,991,993,995,998,1000-1002
Baker]
1472,1516,1529
Exhibit No. 197-A]
1571
Hill]
1989,1990
Morgan & Co. as fiscal agents for [Morgan]
1018-1019
[Davison]
1865
underwriting syndicates [Exhibit No. 159]
1341-1342
voting trusts [Scudder, P.]
987,989
[Morgan]
1018,1041,1042
[Exhibit No. 200]
1752-1757
NORTHWESTERN MUTUAL LIFE INSURANCE CO.:

interlocking directorates [Scudder, P.]

991,993,998,1000,1001

OBER, MAURICE:

testimony of

776-779

OLCOTT, F. P.:

connection with transactions in Amalagamated Copper Co. [Burrage].. 1580-1613
OLD COLONY TRUST CO. OP BOSTON:

capital, surplus, and undivided profits [Winsor]
interlocking directorates [Winsor]
[Xane]
underwriting syndicates [Winsor]



1997
1996
2003
1998-2002

ii 18(5

INDEX.

ORANGE LAWN TENNIS CLUB:

Page.

interlocking directorates [Exhibit No. 197-A]

1570

OREGON-WASHINGTON RAILROAD & NAVIGATION CO.:

interlocking directorates [Exhibit No. 200]

1695

ORIENTAL NATIONAL BANK OP NEW YORK:

retirement of loan certificates by notice from New York Clearing House
Association Sherer]
194-200
Jones]
235-245
Hewitt]
245-254
Beekman]
263-267
Levy]
269-272
OTTESON, JOHN C :

testimony of

880-882

OVERCERTIFICATION:

checks [Murray]

1394,1395

PACIFIC MAIL CO.:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [DeAguero]

775

PANIC OF 1907:

agreement of United States Government to give aid [Cortelyou]
call rate for money, October 23
connection of Mr. Morgan with relief, October 24 [Thomas).
conferences of financiers with relation to [Cortelyou]
distribution of money deposited by United States Government

430-454
433-435
354-361
430-454
437-442
[Steele]. 455-457
dominance of affairs during, by Morgan, StUlman, and Baker [Baker]. 1538-1541
effect on, of short sellings in stocks [Sturgis]
831-832
failure of Knickerbocker Trust Co. as cause of precipitation [Frew]
631-633
list of banks making loans October 25 [Exhibit No. 34]
486
list of deposits by United States Treasury Department with national banks
in New York City October 22-30 [Exhibit No. 35]
485-487
preceded by speculation and inflation [MabonJ
470
report of Mr. Cortelyou as to disposition of United States moneys deposited
during [Cortelyou]
452-454
request to Mr. Cortelyou to specify banks in which United States moneys
were deposited
451-454
time of commencement of
430
use of money deposited by United States Government to relieve stock
market
443-454
v, ithholding withdrawal of money by out-of-town banks on deposit in New
York [Frew].
683-684

f\Hh.

NATIONAL BANK OF NEW YORK:

loans by, for out-of-town banks on New York Stock Exchange [Griesel].. 750-751
PARROT SILVER AND COPPER CO.:

ISee Amalgamated Copper Co.)
PEABODY. CHARLES A.:

testimony of

1310-1321

PEXN MUTUAL LIFE INSURANCE CO.:

interlocking directorates in [Scudder, P.]
Pennsylvania Coal Co.:
interlocking directorates [Baker]
[Exhibit No. 197-A]
ow uership of, by Erie Railroad [Baker]

984
1479
1571
1479,1514,1515

PENNSYLVANIA RAILROAD:

cumulative voting [Morgan]
[Perkins]
interlocking directorates [Scudder, P.]
per cent of anthracite coal shipped f.ver [Baker]
refusal of guaranty of Consolidated Stock Exchange [De Aguero]
underwriting syndicates [Schiff]

1059
1624
991,993,995
1507
767
1689

PEOPLES GAS CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exrhange [DeAguero]

775

PEOPLES STATE BANK OF DETROIT:

stock nf, held by Metropolitan Life Insurance Co. [Ecker]

1333

PEOPLES TRUST CO", OF BROOKLYN:

stnrk of. held by Metropolitan Life Insurance Co. [Ecker]




1333

INDEX.

2187

interlocking directorates [Scudder, P.]
Morgan & Co., as fiscal agents for [Morgan]

985,991,993,1001
1008

PERE MARQUETTE RAILROAD:
PERKINS, GEORGE W.:

interlocking directorates [Perkins]
organization of International Harvester Co. [Perkins]
testimony of
voting trusts [Frew]
[Perkins]
[Davison]

Pa«e.

1625
1617,1618
1614-1635
596-598,607
1618-1622
1812-1824

PHELPS, DODGE & CO.:

interlocking directorates [Exhibit No. 197-A]

PHILADELPHIA:

1570

discretionary point as regards collection of out-of-town checks [Cannon]...

PHILADELPHIA CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks, no charges [Frew]

375

618-619

PHILADELPHIA CO. OF PITTSBURGH:

interlocking directorates [Scudder, P.]

992,993

PHILADELPHIA NATIONAL BANK:

interlocking directorates [Scudder, P.]
PHILADELPHIA RAPID TRANSIT CO.:

interlocking directorates [Scudder, P.]

PHILADELPHIA & READING IRON CO.:

ownership by Philadelphia & Reading Railroad [Baker]

984,990
986
1509

PHILADELPHIA & READING RAILROAD:

per cent of anthracite coal shipped over
control of output of anthracite coal [Baker]
directors meetings
ownership of Central Railroad of New Jersey
ownership of Erie Railroad
ownership of Philadelphia & Reading Iron Co
interlocking directorates [Exhibit No. 197-A]
[Baker]
reorganization [Baker]
underwriting syndicates
voting trusts

1507
1512
1509
1509
1510
1509
1571
1508,1509
1507,1508
1507,150&
1508

PITTSBURGH CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks, charges for [Knox, A.]
548
[Wardrop]
554-556,558
[Reeves]
559
constitution, rules, and regulations of [Exhibit No. 48] [Knox, A.]
543
deductions from interest balances for items in transit
545-551
loans by members
545-551
membership in [Knox, A.]
543,544,549,551
nonmembers with clearance privileges [Knox, A.]
543, 544,548,549,551, 552
Government regulation
549. 550
rates on drafts and collections
545-551
rates on exchanges
545-551
rates of interest on deposits
545-551
[Wardrop]
556,557
suit against, to restrain enforcement of resolutions regulating deferred
interest, etc. [Knox, A.}
546, 547
[Exhibit No. 49]
548

POMROY, HENRY K.:

testimony of

488-501

POOLS:

(See New York Stock Exchange; Underwriting syndicates.)
POPPER, EDWARD:

testimony of
PORTER, WILLIAM H.:

voting trusts [Davison]

904-908
1812-1824

PRIVATE BANKS:

(See al o the specific titles.)
deposits with, t>y corporations engaged in interstate commerce—
[Morgan]..."
[Schiff]
[Davison]



1006,1007
1693-1694
1886.1W

2188

INDEX.

PRIVATE BANKS—Continued.

Page.

doing business without clearing house association [Sherer]
140
participation in underwriting syndicates [Morgan]
1031-1033
sale of bonds to other banks in which they have interests [Davison]... 1980.1981

PRODUCING AND TRADING CORPORATIONS:

interlocking directorates [Scudder, P.]
981-1003
list of, from whom securities have been purchased by Kuhn, Loeb & Co.
[Exhibit No. 200]
1757-1765
resources of corporations from whom securities have been purchased by
Kuhn, Loeb & Co. [Exhibit No. 200]
1769
PROVIDENCE, R. I.:

discretionary point as regards collection of out-of-town checks [Cannon]...

375

PUBLIC SERVICE CORPORATION OP NEW JERSEY:

interlocking directorates [Scudder, P.]

986

PUBLIC UTILITY CORPORATIONS:

interlocking directorates [Scudder, P.]
981-1003
list of, from whom securities have been purchased by Kuhn, Loeb & Co.
[Exhibit No. 200]
1757-1765
resources of corporations from whom securities have been purchased by
Kuhn, Loeb & Co. [Exhibit No. 200]
1769
PUGSLEY, CORNELIUS:

testimony of

560-563

PULLMAN CO.:

interlocking directorates [Scudder, P.]
[ExhibitNo. 197-A]

986,988,991,998,1000-1002
1571

QUINCY, OMAHA & KANSAS CITY RAILROAD:

interlocking directorates [Exhibit No. 197-A]

1571

RAILROADS:

(See Anthracite coal railroads.)
(See also the specific titles.)
concentration and consolidation of great systems [Morgan]
1060-1066
control of, by individual
1054-1055
control of, by minoritv of stock [Frew]
611
[Baker]
1499,1500
control of competing lines [Davison]
1830-1833
cumulative voting (Morgan]
1059
election of directors by bare majority
1059
financing of competing railroad by bank running road under voting trust
[Baker]
1562
holding companies [Schiff]
1692-1694
holdings of First Security Co. in anthracite coal railroads [Baker]
1504-1510
interlocking directorates [Scudder, P.]
981-1003
Baker]
1472-1479,1516
Exhibit No. 200]
1765
Hine]
2020,2021
issue of pay checks circulating as money [Cannon]
344
list of, from whom securities nave been purchased by Kuhn, Loeb & Co.
[Exhibit No. 200]
1757-1765
overthrow of management by stockholders [Davison]
1828,1829
reorganization [Hine]
2047,2048
resources of corporations from whom securities have been purchased bv
Kuhn, Loeb & Co. [Exhibit No. 200]
". 1769
representation of minority stockholders [Baker]
1510-1512,1519
sale of bonds of, by competitive bidding [Davison]
1978-1980
underwriting syndicates [Exhibit No. 200]
1697-1698
voting trusts [Baker]
1453
[Perkins]
;
1620
Schiff]
1684
[Davison]
1864,1865
READING COAL & IRON CO.:

voting trusts [Morgan]




1045-1046

INDEX.

2189

READING RAILROAD:

Page.

executive committee [Baker]
1509,1510
fictitious dealings in stock of [Mabon]
395,399
[Scudder, L.]
688-708
Sturgis]
843-845
[Exhibits Nos. 74-76]
1120-1124
interest of Morgan in [Morgan]
1061
interlocking directorates [Scudder, P.]
985,988,991,995,998,1000-1002
[Baker]
1472,1475,1476,1516
[ExhibitNo. 197-A]
1571
underwriting syndicates [Baker]
1558,1559
voting trusts [Scudder, P.]
987,989
[Morgan]
1041-1044
REBATES:

suspension of members of New York Stock Exchange for giving rebates
on commissions [Mabon]
407,408
REEVES, FRANCIS B.:

testimony of

559

REICHSBANK OF GERMANY:

average of shares held by one person [Morgan]

1058

REID, DANIEL G.:

voting trust [Frew]
[Davison]

596-598,607
1812-1824

REORGANIZATION OF RAILROADS:

(see voting trusts.)
(see, also, the specific titles.)
REPUBLIC CO. OF PITTSBURGH:

engraving of certificates of securities listed on New York Stock Exchange
[Kendall]

898

RESTRIANT OF TRADE:

indictment of clearing-house associations for regulations restraining [Sherer]
regulation of collection of out of town checks by clearing-house associations as
rule of clearing house regulating rate of collection of out of town checks
[Cannon]

144
140
220

REVIEW OP REVIEWS CO.:

interlocking directorates [Exhibit No. 197-A]

1570

REYNOLDS, GEORGE M.:

directorships in corporations doing business with his bank
testimony of

1642,1643
1637-1660

RICHARDSON, CHARLES W.:

testimony of

1575-1580

RIDDELL, CHARLES F.:

testimony of

•.

971-974

RIGGS NATIONAL BANK OF WASHINGTON:

interlocking directorates [Scudder, P.]
[Murray]
interest of National Security Co. in [Murray]

995,998
1415
1415,1416

ROCKEFELLER, WILLIAM:

control of United States Metals Selling Co. [Wolfson]
illness of [Exhibit No. 166]
[Chappell]
[Richardson]
manipulations in stock of Amalgamated Copper Co.[Wolfson]
[Burrage]
interest in City Bank of New York [Davison]
organization of United Metals Selling Co. [Wolfson]
service of subpoena on [Riddell]
[Exhibit No. 134-C]
[Newman]
testimony of
underwriting syndicates [Baker]
71352—PTS 1-27—13
4




720
1300,1301,1358
1777-1783,2142
1575-1580
723
1580-1613
1870
718
971-974
974,1008-1010
978,979
2141,2142
1513,1514

2190

INDEX.

ROCK ISLAND RAILROAD:

Page,

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
775
fictitious dealings in stock of [Mabon]
394, 395, 397, 398
[Scudder, L.]
688-708
Sturgis]
838-840
Exhibits Nos. 97-99]
1157-1161
interlocking directorates [Scudder, P.]
988, 991, 993
[ExhibitNo. 197-A]
1570
ROGERS, HENRY W.:

control of United Metals Selling Co. [Wolfson]
manipulations in stocks of Amalgamated Copper Co
organization of United Metals Selling Co. [Wolfson]

[Burrage]

ROYAL BANK OP SCOTLAND:

no ownership of bank shares [Morgan]
persons excluded from directorships

RUSSIAN BANKS:

credit to officials prohibited [Morgan]
persons excluded from directorships
voting power of stockholders

720
723
1580-1613
718
1059
1058
1059
1058
1058

RUTLAND RAILROAD CO.:

interlocking directorates [Exhibit No. 197-A]
RYAN, THOMAS F.:

controlling interest in Consolidated Tobacco Co. [Pomroy]

ST. LOUIS & SAN FRANCISCO RAILROAD:

voting trusts [Scudder, P.]

1571
497
989

ST. LOUIS SOUTHWESTERN RAILROAD:

listing of bonds on New York Stock Exchange [Mabon]
SALOMAN & Co.:

underwriting syndicates [Henry]
[Exhibits Nos. 160-162]
voting trusts [Henry]

SALT LAKE CITY CLEARING HOUSE ASSOCIATION:

426,427
1250,1255,1268-1297
1279,1342-1343
1250-1266,1268-1297

charges for check books [Newcomer]
532
[McCormick]..
1232
constitution and rules of [Knox, A.]
550
[Exhibit No. 51]
551,567-573
collection of out-of-town checks, uniform rates [Burton]
*.
1240,1248
domination of business by [Armstrong]
1215-1228
[Burton]
1244-1248
formation of new associaton, reasons for [McCormick]
1229-1230
interest on checking accounts Armstrong]
1219-1221
[Exhibit No. 146]
1219
Exhibit No. 147]
1219-1220
McCormick]
1230-1235
Knox]
1240-1243
[Famsworth]
1248-1250
manner of collecting checks on First National Bank of Park City—
[Armstrong]
1224-1225
[Knox]
1237-1240
matters left for directors to determine after obeying regulations of
[Knox, A.]
551
memoranda and letters referring to refusal of National Copper Bank of Salt
Lake City to become member of [Exhibit No. 50]
551,563-566
national banks, members of [Armstrong]
1215
new constitution of, presented to National Copper Bank of Salt Lake City
for signature to [Armstrong]
1221-1222
[Exhibit No. 148]
1221,1255-1261
number of members
1215
prohibition of members from soliciting business from customers of other
members Armstrong]
1216-1218
ExhibitNo. 1431
1217
Exhibit No. 144]
1217-1218
Exhibit No. 145]
1218




INDEX.

2191
Fae8-

SALT LAKE CITY CLEARING HOUSE ASSOCIATION—Continued.

reasonableness of regulations of [Knox, A.]
551
[Frew]
625-626
refusal of National Copper Bank of Salt Lake City to sign constitution of
new association [Armstrong]
1223-1224
uniform rateB of discount [Knox]
1243-1244
withdrawal of eight members from and formation of new association—
[Armstrong]
1222-1223
[Knox]
1235-1237
[Burton]
1244-1248

SOHIFF, JACOB H.:

letters explanatory of testimony
testimony of

1957,1959
1660-1694

SCUDDER, LAWRENCE W.:

testimony of

688-708,974-978

SCUDDBH, PHILIP J.:

testimony of
SEABOARD AIR LINE:

competitor of Southern Railway [Davison]
interlocking directorates [Scudder, P.]

979-1003
1830,1831
988, 991,993,995,998,1000,1001

SEABOARD NATIONAL BANK OF NEW YORK:

data relating to out-of-town correspondents, loans, etc1. [Niven]

953-963,1216

SECOND NATIONAL BANK OF ST. PAUL:

consolidation with First National Bank [Hill]

199fl

SECURITY BANK NOTE CO. OF PHILADELPHIA:

privilege of engraving certificates of securities listing on stock exchange
refused to [Kendall]

904

SECURITY COMPANIES:

(See also the specific titles.)
list of national banks having affiliated security companies [Murray]... 1405-1407
SELIGMAN & CO.:

underwriting syndicates [Schiff ]

1689

SHAWMUT NATIONAL BANK:

interlocking directorates [Lane]
SHEBER, WILLIAM:

testimony of

SIELCKEN, HERMAN:

testimony of

SOCIETE GENERALS:

interlocking directorates [Davieon]

2003
111-200
6-66
1882,1883

SOUTHERN PACIFIC RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [DeAguero]
775
interlocking directorates [Scudder, P.]
991,995,996,998,1001
[Exhibit No. 200]
1695

SOUTHERN RAILWAY:

competitor of Seaboard Air Line [Davison]
1830,1831
control of, by Morgan [Baker]
1523
dividends on common stock [Davison]
1829
holdings by Mutual Life Insurance Co. [Peabody]
1318
[Baker].".
1524
holdings in, by First National Bank oi New York [Baker]
1524
holdings of Mr. Baker in [Baker]
1524
interlocking directorates [Scudder. P.]
985,988,998,1000-1002
[Exhibit No. 197-A]
1571
Morgan & Co. asfiscalagents for [Morgan]
1017
[Davison]
1826-1827
underwriting syndicate in [Baker]
1524-1526
voting trust [Mabon]
484,487
Pomroy]
490,491,494
Scudder, P.]
985,987,989,992,999,1000-1002
Morgan]
1017-1018,1042
Baker]
1523,1524,1559
Davison]
1826-1829,1836-1840
Exhibits Nos. 221, 222]
1827,1929-1953
Exhibit No. 223]
1827,1953,1954
Exhibit No. 224]
1835,1955




2192

INDEX.

SOUTHERN RAILWAY—Continued.
voting trust [Exhibit No. 225]
[Exhibit No. 226]

Page.
1835,1955
1835.1836

SPECULATIONS:

(see New York Stock Exchange.)
SPEYEH & Co.:

interlocking directorates [Scudder, P.I.
loans on New York Stock Exchange [Griesel]
participation in large transactions during past decade [Baker]

980-981
745
1540-1541

SPRING BROOK WATER SUPPLY CO.:

interlocking directorates [Exhibit No. 197a]

1571

STANDARD OIL CO.:

listing of securities of [Ober]
[Keppler]

779
861

STANDARD TRUST CO.:

data relating to out-of-town correspondents, loans, etc. [Niven]
merger with Guaranty Trust Co. [Baker]

953-963,1210
1560

STATE BANKS:

(see also the specific titles.)
affiliations with national banks [Murray]
1397,1405-1407
comparison of notes between national-bank examiners and State-bank examiners
1387
examination by bank examiners, thoroughness of [Schiff]
1690-1691
local branches [Cannon]
204
reasons for and against furnishing data relating to assets of [Murray].. 1376-1380
STATE BANK OF MARYLAND:

relations with Baltimore clearing house [Cloud]
[Newcomer]
[Wilcox]

506-514
525-528
540-542

STATE BONDS:

competitive bidding in sale of [Davison]

1978-1980

STEAMSHIP COMPANIES:

(see also the specific titles.)
interlocking directorates [Scudder, P.]

981-1003

STEELE, CHARLES:

testimony of

455-457

STILLMAN, JAMES:

acquisition of holdings of Mutual Life Insurance Co. and Equitable Life
Assurance Society [Baker]
1461-]471
connection with transactions in Amalgamated Copper Co. [Burrage]... 1580-1613
correspondence-relating to amount of stock of Equitable Life Insurance Co.
to be taken by [Exhibits Nos. 157,158]
1267-1268
dominance of power of [Baker]
1538-1541
interest in City Bank of New York [Davison]
1870
underwriting syndicates [Baker]
1513,1514
STOCK BROKERS.

(See Curb market; New York Stock Exchange.)
STOCK EXCHANGES.

(See the specific titles.)
STOCKS.

(See Curb market; New York Clearing House Association; New York Stock
Exchange; Underwriting syndicates.)
STREIT, SAMUEL F.:

testimony of
STRUGIS, FRANK

863-866
K.:

testimony of

781-820,825-852

SYNDICATES.

(See Underwriting syndicates.)
TEMPLE IRON CO.:

underwriting syndicates [Baker]

1513,1514

TEXAS PACIFIC EAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]

775

THIRD NATIONAL BANK OP NEW YORK:

absorption by National City Bank [Hepburn]




304

INDEX.

2193

THOMAS, RANSOM H.:

testimony of
TIDE WATER OIL CO.:

interlocking directorates [Exhibit No. 197-A]

Page.

353-361
1570,1571

TIDE WATER PIPE CO.:

interlocking directorates [Exhibit No. 197-A]

TlLLINGHAST, H . W.:

testimony of

TITLE GUARANTY & TRUST CO.:

data relating to out-of-town correspondents, loans, etc. [Niven]
interlocking directorates [Schiff]

1571
1303-1305
953-S63,1211
1680

TOBACCO PRODUCTS CORPORATION:

interlocking directorates [Exhibit No. 197-A]

1570

TRANSPORTATION COMPANIES:

(•See Underwriting syndicates; Voting truste; Anthracite coal railroads.)
(<Se« also the specific titles.)
control of, by minority of stockholders [Baker]
1499,1500
holding companies, advisability of [Schiff]
1692-1694
interlocking directorates [Scudder, P.]
981-1003
[Baker]
1472-1479,1516
[Exhibit No. 200]
1765
[Hine]
2020,2021
list of railroads from whom securities have been purchased by Kuhn, Loeb
& Co. [Exhibit No. 200]
1757-1765
overthrow of management by stockholders [Davison]
1828,1829
reorganization [Hine]
2047,2048
representation of minority stockholders, advisability [Baker]
1510-1512,1519
resources of corporations from whom securities have been purchased by
Kuhn, Loeb & Co. [Exhibit No. 200]
1769

TROY CLEARING HOUSE ASSOCIATION:

collection of out-of-town checks, no charges [Frew]

TROY, N.

Y.:

620

discretionary point as regards collection of out-of-town checks [Cannon]...

375

TRUST COMPANIES:

(See also the specific titles.)
deposit of money in, by United States Government during panic of 1907
[Cortelyou]
444,450,451
loans on securities, admission of securities to official list of New York Stock
Exchange as prequisite to [Ely]
324
TRUST CO. OF AMERICA:

absorption by Bankers'Trust Co. [Cortelyou]
absorption by Equitable Trust Co

TURNER, CHARLES W.:

testimony of

UNDERWRITING SYNDICATES:

450
451
752-756

(See also the specific titles.)
capacity of certain institutions to handle [Davison]
1859-1863
competition in [Schiff]
1661-1666,1668,1669
[Hine]
2045-2047
control of buyer and seller by Bame persons
1684,1685
cooperation in
1662-1664,1666-1669,1682-1686
in enumerated corporations—
American Agricultural & Chemical Co. [Davison]
1869,1870
American Telephone & Telegraph Co. [Baker]
1548,1549
[Davison]
-.
1858,1859
Armour & Co. [Baker]
1549
Atchison, Topeka & Santa Fe Railroad [Baker]
1547,1548
[Lane]
2004
Atlantic Coast Line
1549
[Davison]".
1829-1831
Atlas Portland Cement Co. [Davison]
1868
Baldwin Locomotive Works [Davison]
1869
Baltimore & Ohio Railroad [Exhibit No. 200]
1738-1746
Boston & Maine Railroad [Baker]
1550
California Petroleum Co. [Henry]
1250,1255,1268-1297
[Exhibits Nos. 160-162]
1279.1342.1343




2194

INDEX.

UNDERWRITING SYNDICATES—Continued.

in enumerated corporations—continued.
Page.
Canada Southern Railway [Davison]
1857
Chesapeake & Ohio Railroad [Baker]
1550,1551
[Schiffj
1688-1689
Chicago & Alton Railroad [Exhibit No. 200]
1747-1752
Chicago, Burlington & Quincy Railroad [Baker]
1551
[Lane]
2004.2005
Chicago City Railways [Baker]
1555
Chicago Great Western Railroad [Baker]
1521,1522
Chicago & Western Indiana Railroad [Davison]
1857,1858
[Hine]
2045
Cleveland, Cincinnati, Chicago & St. Louis Railroad [Baker]
1551,1552
Consolidated Coal Co. [Schiff]
1673
Consolidated Gas Co
1673-1675
Delaware & Hudson Railroad [Schiff]
1689
Erie Railroad [Baker]
1552
Florida East Coast Railway [Baker]
1553
General Electric Co. [Baker]
1552,1553
[Davison]
1874,1875
General Motors Co. [Schiff]
1689
Great Northern Railway [Baker]
1529,1530,1553
[Davison]
865
Hudson Tunnel Co. [Schiff]
1669,1670
Illinois Central Railroad [Schiff]
1689
Illinois Steel Co. [Lane]
2012
Indiana Steel Co. [Lane]
2012
Interborough Rapid Transit Co. [Baker]
1553-1555
International Harvester Co. [Baker]
1555,1556
Jones & Laughlin Steel Co. [Lane]
2006
Kansas City Terminal Co. [Davison]
1857,1858
[Lane]
2005
Lake Shore & Michigan Southern [Baker]
1556,1557
Lorain Steel Co. [Lane]
2012
Louisville & Nashville Railroad [Baker]
1549,1550,1557,1558
Maine Central Railroad [Baker]
1558
[Lane]
2006-2008
National Tube Co. [Lane]
2010,2011
New York Central [Baker]
1558
[Davison]
1857,1858
New York, New Haven & Hartford Railroad [Baker]
1558
[Lane]
2005,2006
New York Subways [Davison]
1849-1853
New York, Westchester & Boston Railroad [Lane]
2010
Pennsylvania Railroad [Schiff]
1689
Philadelphia & Reading Railroad [Baker]
1507,1508
Reading Railroad [Baker]
1558,1559
Southern Railway [Baker]
1524-1526,1559
[Davison]
1828,1829
Temple Iron Co. [Baker]
1513,1514
Exhibit No. 199]
1514,1572,1573
Union Pacific Railway [Exhibit No. 200]
1699-1712
Union Steel Co. [Lane]
2012
United Dry Goods Co. [Davison]
1867,1868
United States Steel Corporation [Baker]
1543-1546
[Schiff]
1666,1667
[Davison]
1842-1849
United States Rubber Co. [Baker]
1559
[Davison]
1868
Virginia Railway
1985,1986
[Lane]
2013-2018
Western Electric Co
1875
[Lane]
2012,2013
fUti of institutions for participation in [Sohiff]
1662,1663
[Davison]
1848,1849
manner of operation [Baker]
1546,1547
[Schiff]
1661-1663,1665
[Hine]
2030-2047




INDEX.
UNDERWRITING SYNDICATES—Continued.

2195
Page.

participation
participation
participation
participation

in, by certain financial institutions [Davison]
1853-1855
in, by insurance companies prohibited [Schiff]
1672
in, by national banks, propriety of
1672,1673,1675-1678
in, by officers of banks and trust companies
1671,1672
[Davison]
1981-1982
[Winsor]
2000-2002
propriety of [Lane]
2017-2020

UNION BANK OF SCOTLAND.

no ownership of bank shares [Morgan]
persons excluded from directorships

UNION BANK OF LONDON AND SMITH'S BANK:

average of share held by one person [Morgan]
eligibility of stockholders
transfers of stock
voting power of stockholders

1059
1058
1059
1059
1059
1059

UNION PACIFIC RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
interlocking directorates [Scudder, P.]
991,995,996,998,1001
[Exhibit No. 200]
1695
statistics as to dealings in stocks of [Scudder, L.]
688-708
[Exhibits Nos. 84-87]
1141-1145
underwriting syndicates [Exhibit No. 200]
1772-1775

UNION STEEL CO.:

underwriting syndicates [Lane]

UNION TRUST CO. OF NEW YORK.

interlocking directorates [Scudder, P.]

2012
990,1001

UNION TRUST CO. OF PITTSBURGH:

interlocking directorates [Scudder, P.]

995,998

UNION TRUST CO. OP SPRINGFIELD:

interlocking directorates [Winsor]
UNION THEOLOGICAL SEMINARY:

interlocking directorates [Exhibit No. 197-A]

UNITED DRY GOODS CO..

merger of other companies [Davison]
underwriting syndicates

UNITED GAS IMPROVEMENT CO..

interlocking directorates [Scudder, P.]

UNITED METALS SELLING CO.:

control of production and manipulation of price [Wolfson]

UNITED STATES BONDS:

competitive bidding in sale of [Davison]

1996
1570
1867,1868
1867
993
717-740
1978-1980

UNITED STATES MORTGAGE & TRUST CO. OF NEW YOEK:

data relating to out-of-town correspondents, loans, etc. [Niven]
953-963,1211
interlocking directorates [Scudder, P.]
988,990,992,995,996,998,1001
[Schiff]
1680-1682

UNITED STATES RUBBER CO.:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
interlocking directorates [Scudder, P.]
988,993,998,1000,1001
[Exhibit 197-A]
1570
underwriting syndicates [Baker]
1559
[Davison]
1868

UNITED STATES STEEL CORPORATION:

amount paid for engraving certificates of securities listed on stock exchange
[Kendall]
897
availability of common stock of as collateral for loans on stock exchange
[Griesel]
749-750
completeness of statements of affairs to stockholders and public [Mabon]... 385
correspondence with Consolidated Stock Exchange as to transfer privileges
in stock of [Exhibit Nos. 116-121]
768-772
dealings in stocks of [Scudder, L.]
688-708
[Morgan]
1027-1028
[Exhibits Nos. 80-83]
1130-1134
[Perkins]
1616,1617
executive committee [Baker]
1543-1545



2196

INDEX.

UNITED STATES STEEL CORPORATION—Continued.

JPaee.

finance committee [Perkins]
1615,1616
986,988,991,993,995,998,1000-1002
interlocking directorates Scudder, P.]
Morgan]
1040
McCormick]
1228-1229
E x h i b i t N o . 197-A]
1571
Perkins]
1615,1616,1625
Davison]
1833,1834
Morgan & Co. as depositary of [Morgan]
1027
Morgan & Co. as fiscal agents for
1024
organization [Mabon]
482-483
[Morgan]
1025-1027
[Joyce]
1806-1808
[Davison]
1809,1810,1833-1835
pools or syndicates i n stock of [Morgan]
1028-1031
publicity of officers of [Perkins]
1617
refusal of guaranty of Consolidated Stock Exchange [De Aguero]
767
underwriting syndicates [Schiff]
1666,1667
[Davison]
1800-1802,1842-1849,1860
VALORIZATION OP COFFEE:

basis of valuation [Sielcken]
8
quotations and dealings on New York Coffee Exchange as regulators of price
of coffee
8
grades of coffee
8,9
law of Sao Paulo authorizing agreement for
10-86
list of values, etc., issued b y New York Exchange [Exhibit No. 1]
9-66
nature of [Sielcken]
11
proportion of consumption of coffee production by United States
7,8
Bio coffee, places of production
9
Sao Paulo and Santos same
10
Sao Paulo, proportion of production of Brazilian crop
9,10
VANDERLIP, FRANK A.:

testimony of

273-292

VIRGINIA-CAROLINA CHEMICAL C O . :

interlocking directorates [Scudder, P.]

998

VIRGINIA RAILWAY:

competition with Chesapeake & Ohio Railroad [Davison]
competition with Norfolk & Western Railroad
underwriting syndicates [Davison]
[Lane]

1986
1986
1985,1986
2013-2018

VOTING TRUSTS:

(See also the specific titles.)
advantage of to minority stockholder [Davison]
change in directorates after expiration of [Scudder, P.]
[Morgan]
control of corporations by trustees [Morgan]
[Perkins]
control over sale of securities [Davison]
effect on competition between railroads [Baker]
election of corporate directors by [Perkins]
enumerated corporations—
Baltimore & Ohio Railroad [Morgan]
[Exhibit No. 200]
Bankers Trust Co. [Frew]
Scudder, P.]
Day]
Perkins]
Schiff J
Davison].
California Petroleum Co. [Henrv]
[Exhibit Nos. 149-153]
Chicago Great Western Railroad Scudder, P.]
Morgan]
Baker]
Cincinnati, Hamilton & Dayton Railroad [Morgan]
[Baker]




1816
987
1044-1045
1019,1020,1046,1047
1619,1620
1855,1856
1562
1619-1622
1042-1043
1769-1772
596-599,607,609,610
986
1331,1332
1618-1622
1687
1812,1816-1825,1856
1250-1255,1268-1297
1253,1255,1261-1266
987
1041.1042
1520,1521
1043
1517,1518

INDEX.

2197

VOTING THUSTS—Continued.

enumerated corporations—continued.
i-se.
Continental (European) institutions [Morgan]
1059-1060
Cramp & Sons [Morgan]
1044
[Baker]
1528,1529
Equitable Lite Assurance Society [Morgan]
1067-1073
[Exhibit No. 136]
1073,1091-1093
Erie Railroad [Scudder, P.]
987
[Morgan]
1041-1043
First Security Co. [Baker]
1431
Guaranty Trust Co. Frew]
609-610
Scudder, P.]
986,1002
Morgan]
1039-1040
Day]
:
1331,1332
Baker]
1447-1457,1560,1561
Schiff]
1687
Davison]
1812-1817,1824,1826
International Agricultural Corporation [Scudder, P.],
987
[Morgan]
1042-1044
International Harvester Co. [Scudder, P.]
987,996
[Morgan]
1042,1044
International Mercantile Marine Co. [Scudder, P.]
987
[Morgan]
1041-1043
Northern Pacific [Scudder, P.]
987
[Morgan]
1018,1041-1043
[Exhibit No. 200]
1752-1757
Philadelphia & Reading Railroad [Scudder, P.]
987
[Morgan]
1041-1044
[Baker]
1508
ReadingCoal& Iron Co. [Morgan]
1045-1046
Southern Railway Mabon]
484,487
Pomroy]
490,491,494
Scudder, P.]
985,987
Morgan]
1017,1018,1042
Baker]
1523,1524
Davison]
1826,1827,1836-1840,1878,1879
Southern Railway agreement for [Exhibit Nos. 221-226]
1827,
1835,1836,1875,1949-1955
notation of on chart showing interlocking directorates [Scudder, P.]
983
number of trusteeships held by Morgan & Co. [Morgan]
1039,1040
propriety of Baker]
1451-1453,1455-1457
Perkins]
1619,1620
Reynolds]
1656,1657
Davison]
1824-1826
Schiff]
1684
resources and capitalization of institutions in which trusteeships are held
by Morgan & Co. [Scudder, P.]
988
WABASH RAILROAD:

acceptance on stock transfers of guaranty of Consolidated Stock Exchange
and member thereof [De Aguero]
775
interlocking directorates [Scudder, P.]
991,998
listing of securities on New York Stock Exchange, requirement as to
engraving of certificates [Otteson]
880-882
WAHDROP, ROBERT:

testimony of

553-559

WAREHOUSES FOR MONEY:

functions of clearing-house associations as [Vanderlip]

276

WASHO COPPER CO.:

(•Sec Amalgamated Copper Co.)
WATERLOO & Co. OF LONDON:

engraving of certificates of securities listed on stock exchange [Kendall]. 897,898
WELLS-FARGO EXPRESS CO.:

interlocking directorates [Scudder, P.]

991,996,998

WESTERN CO. OF CHICAGO:

engraving of certificates of securities listed on stock exchange [Kendall]..



899

2198

INDEX.

WESTBBN ELECTRIC CO.:

Vaga.

competition with General Electric Co. [Davison]
underwriting syndicate [Davison]
[Lane]

1874
1875
2012,2013,

W E S T I N G H O U S E ELECTRIC & MANUFACTURING C o . :

interlocking directorates [Scudder, P.]
[Exhibit No. 200]

986,988,991,993,996,998,1000,1001
1695

WEST SHORE RAILROAD:

interlocking directorates [Exhibit No. 197-A]

WIGGINJ ALBERT

1571

H.:

voting trust [Davison]

1812-1824

WILCOX, HENRY B.:

testimony of

540-542

WILLIAM CRAMP & SONS SHIP & ENGINE BUILDING CO.:

interlocking directorates [Exhibit No. 197-A]

1570

WINSLOW, LANIER & CO.:

acceptance on stock transfers of guaranty of member of Consolidated Stock
Exchange without guaranty of exchange [De Aguero]
WINSOR, ROBERT:

testimony of
voting trust [Daviaon]

775

1995-2002
1812-1824

WOLPSON, TOBIAS:

testimony of

717-740

WOLLMAN, WILLIAM J.:

testimony of

1783-1798

WOLVERTON, SAM:

voting trust [Davison]

1812-1824

WOODWARD, GEORGE B.:

testimony of

1336-1339

WORCESTER TRUST CO.:

interlocking directorates [Winsor]

YOUNG, EDWARD F.

,

voting trust [Davison]




1996

C:

1812-1824

o