The Pujo Committee was a United States congressional subcommittee which was formed between May 1912 and January 1913 to investigate the so-called "money trust", a community of Wall Street bankers and financiers that exerted powerful control over the nation's finances. After a resolution introduced by congressman Charles Lindbergh Sr. for a probe on Wall St. power, Arsène Pujo of Louisiana obtained congressional authorization to form a subcommittee of the House Committee on Banking and Currency.

Overview[link]

Despite the fact that lead attorney Samuel Untermyer had predetermined that no money trust would be found as part of the Investigation because “There is no agreement existing among these men that is in violation of the law” ^[1] and despite of the refusal of aid by the Comptroller of the Currency, the failure of the Senate pass the bill to amend section 5241 of the Revised Statutes and the lack of any authoritative decision by the courts sustaining the committee's right to access the books of the national banks, the Pujo Committee Report concluded in 1913 that a community of influential financial leaders had gained control of major manufacturing, transportation, mining, telecommunications and financial markets of the United States. The report revealed that no less than eighteen different major financial corporations were under control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker’s Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer’s Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.

The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr.. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J.P. Morgan.^[2]

Although Pujo left Congress in 1913, the findings of the committee inspired public support for ratification of the Sixteenth Amendment in 1913, passage of the Federal Reserve Act that same year, and passage of the Clayton Antitrust Act in 1914. They were also widely publicized in the Louis Brandeis book, Others People's Money--and How the Bankers Use It.^{[citation needed]}

House of Morgan partners blamed the April 1913 death of J.P. Morgan on the stress of testifying in the Pujo hearings, though other health factors were certainly involved.^{[citation needed]}

See also[link]

• Arsène Pujo
• Pecora Commission
• United States v. Morgan et al. (the Investment Bankers Case)

Notes[link]

References[link]

• Louis Brandeis, Other Peoples’ Money (1913) ch 1
• Ron Chernow, The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance (2001) ISBN 0-8021-3829-2

• United States. Congress. House. Committee on Banking and Currency. 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. Washington, Govt. Print. Off., 1913. http://www.scribd.com/doc/34121180/Pujo-Committee-Report-Report-of-the-Committee-Appointed-Pursuant-to-House-Resolutions-429-and-504-1912-1913-Pujo-Committee-Report

External links[link]

• Pujo Committee Hearings - searchable full-text - Also known as Money Trust Investigation. Investigation of Financial and Monetary Conditions in the United States Under House Resolutions Nos. 429 and 504.
• Pujo Committee Hearings - Exhibit 134-C Explanation of Table of Interlocking Directorates Pujo Committee 1912

Pujo
Pujo
Administration
Country	France
Region	Midi-Pyrénées
Department	Hautes-Pyrénées
Arrondissement	Arrondissement of Tarbes
Canton	Canton of Vic-en-Bigorre
Statistics
Elevation	230–246 m (750–807 ft) (avg. 237 m or 778 ft)
Land area1	5.28 km2 (2.04 sq mi)
Population2	579  (1999)
- Density	110 /km2 (280 /sq mi)
INSEE/Postal code	65372/ 65500
1 French Land Register data, which excludes lakes, ponds, glaciers > 1 km² (0.386 sq mi or 247 acres) and river estuaries.
2 Population without double counting: residents of multiple communes (e.g., students and military personnel) only counted once.

Coordinates: 43°20′55″N 0°04′00″E / 43.3486°N 0.0667°E / 43.3486; 0.0667

Pujo is a commune in the Hautes-Pyrénées department in south-western France.

See also[link]

• Communes of the Hautes-Pyrénées department

References[link]

• INSEE

v t e Communes of the Hautes-Pyrénées department Adast Adé Adervielle-Pouchergues Agos-Vidalos Allier Ancizan Andrest Anères Les Angles Angos Anla Ansost Antichan Antin Antist Aragnouet Arbéost Arcizac-Adour Arcizac-ez-Angles Arcizans-Avant Arcizans-Dessus Ardengost Argelès-Bagnères Argelès-Gazost Aries-Espénan Armenteule Arné Arras-en-Lavedan Arrayou-Lahitte Arreau Arrens-Marsous Arrodets Arrodets-ez-Angles Artagnan Artalens-Souin Artiguemy Artigues Aspin-Aure Aspin-en-Lavedan Asque Asté Astugue Aubarède Aucun Aulon Aureilhan Aurensan Auriébat Avajan Aventignan Averan Aveux Avezac-Prat-Lahitte Ayros-Arbouix Ayzac-Ost Azereix Azet Bagnères-de-Bigorre Banios Barbachen Barbazan-Debat Barbazan-Dessus Barèges Bareilles Barlest Barrancoueu Barry Barthe La Barthe-de-Neste Bartrès Batsère Bazet Bazillac Bazordan Bazus-Aure Bazus-Neste Beaucens Beaudéan Bégole Bénac Benqué Berbérust-Lias Bernac-Debat Bernac-Dessus Bernadets-Debat Bernadets-Dessus Bertren Betbèze Betpouey Betpouy Bettes Beyrède-Jumet Bize Bizous Bonnefont Bonnemazon Bonrepos Boô-Silhen Bordères-Louron Bordères-sur-l'Échez Bordes Bouilh-Devant Bouilh-Péreuilh Boulin Bourg-de-Bigorre Bourisp Bourréac Bours Bramevaque Bugard Bulan Bun Burg Buzon Cabanac Cadéac Cadeilhan-Trachère Caharet Caixon Calavanté Camalès Camous Campan Camparan Campistrous Campuzan Cantaous Capvern Castelbajac Castelnau-Magnoac Castelnau-Rivière-Basse Castelvieilh Castéra-Lanusse Castéra-Lou Casterets Castillon Caubous Caussade-Rivière Cauterets Cazarilh Cazaux-Debat Cazaux-Fréchet-Anéran-Camors Chelle-Debat Chelle-Spou Cheust Chèze Chis Cieutat Cizos Clarac Clarens Collongues Coussan Créchets Devèze Dours Ens Esbareich Escala Escaunets Escondeaux Esconnets Escots Escoubès-Pouts Esparros Espèche Espieilh Esquièze-Sère Estaing Estampures Estarvielle Estensan Esterre Estirac Ferrère Ferrières Fontrailles Fréchède Fréchendets Fréchet-Aure Fréchou-Fréchet Gaillagos Galan Galez Gardères Gaudent Gaussan Gavarnie Gayan Gazave Gazost Gèdre Gembrie Générest Génos Gensac Ger Gerde Germ Germs-sur-l'Oussouet Geu Gez Gez-ez-Angles Gonez Gouaux Goudon Gourgue Grailhen Grézian Grust Guchan Guchen Guizerix Hachan Hagedet Hauban Hautaget Hèches Hères Hibarette Hiis Hitte Horgues Houeydets Hourc Ibos Ilhet Ilheu Izaourt Izaux Jacque Jarret Jézeau Juillan Julos Juncalas Labassère Labastide Labatut-Rivière Laborde Lacassagne Lafitole Lagarde Lagrange Lahitte-Toupière Lalanne Lalanne-Trie Laloubère Lamarque-Pontacq Lamarque-Rustaing Laméac Lançon Lanespède Lanne Lannemezan Lansac Lapeyre Laran Larreule Larroque Lascazères Laslades Lassales Lau-Balagnas Layrisse Lescurry Lespouey Lézignan Lhez Liac Libaros Lies Lizos Lombrès Lomné Lortet Loubajac Loucrup Loudenvielle Loudervielle Louey Louit Lourdes Loures-Barousse Lubret-Saint-Luc Luby-Betmont Luc Lugagnan Luquet Lustar Lutilhous Luz-Saint-Sauveur Madiran Mansan Marquerie Marsac Marsas Marseillan Mascaras Maubourguet Mauléon-Barousse Mauvezin Mazères-de-Neste Mazerolles Mazouau Mérilheu Mingot Molère Momères Monfaucon Monléon-Magnoac Monlong Mont Montastruc Montégut Montgaillard Montignac Montoussé Montsérié Moulédous Moumoulous Mun Nestier Neuilh Nistos Nouilhan Odos Oléac-Debat Oléac-Dessus Omex Ordizan Organ Orieux Orignac Orincles Orleix Oroix Osmets Ossen Ossun Ossun-ez-Angles Oueilloux Ourde Ourdis-Cotdoussan Ourdon Oursbelille Ousté Ouzous Ozon Pailhac Paréac Péré Peyraube Peyret-Saint-André Peyriguère Peyrouse Peyrun Pierrefitte-Nestalas Pinas Pintac Poueyferré Poumarous Pouy Pouyastruc Pouzac Préchac Pujo Puntous Puydarrieux Rabastens-de-Bigorre Recurt Réjaumont Ricaud Ris Sabalos Sabarros Sacoué Sadournin Sailhan Saint-Arroman Saint-Créac Sainte-Marie Saint-Lanne Saint-Lary-Soulan Saint-Laurent-de-Neste Saint-Lézer Saint-Martin Saint-Pastous Saint-Paul Saint-Pé-de-Bigorre Saint-Savin Saint-Sever-de-Rustan Saléchan Saligos Salles Salles-Adour Samuran Sanous Sariac-Magnoac Sarlabous Sarniguet Sarp Sarrancolin Sarriac-Bigorre Sarrouilles Sassis Sauveterre Sazos Ségalas Ségus Seich Séméac Sénac Sentous Sère-en-Lavedan Sère-Lanso Sère-Rustaing Séron Sers Siarrouy Sinzos Siradan Sireix Sombrun Soréac Sost Soublecause Soues Soulom Souyeaux Tajan Talazac Tarasteix Tarbes Thèbe Thermes-Magnoac Thuy Tibiran-Jaunac Tilhouse Tostat Tournay Tournous-Darré Tournous-Devant Tramezaïgues Trébons Trie-sur-Baïse Troubat Trouley-Labarthe Tuzaguet Uglas Ugnouas Uz Uzer Vic-en-Bigorre Vidou Vidouze Viella Vielle-Adour Vielle-Aure Vielle-Louron Vier-Bordes Vieuzos Viey Viger Vignec Villefranque Villelongue Villembits Villemur Villenave-près-Béarn Villenave-près-Marsac Viscos Visker Vizos

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