St. Paul daily globe., 1894-06-18

as ihuuceu 10 DO 30 Dy Cor
respondent HowIand, OF the
New York Press-Took a Flyer
in Sugar and Cotton and Lost
(Frem the-Sunday Globe.)
WASHINGTON, June 16. - Senator
quay was before the sugar trust com-
mlttee- He told the committee that he
bought sugar stock for speculation. and
that he would do so again. Senator
Quay said lie had been dealing IN stocks
more Or less all his life, and for the
Fast twenty months had bought and
sold sugar stocks. The day before the
vote was taken he sold all he had at a
loss, so that it could not be charged that
1t influenced his vote. He said that he
had not been furnished with any infor-
nation as TO what the finance committee
would do with the sugar schedule,
and that formed no part of his
basis of purchase or sale. He saw
no reason why a United States
senator should not avail himself of a
plain business proposition. and he in
tended to transact anv such business in
the future as he had in the past. A
number OF other senators were exam
lned during The day, but none of them
gave any teStilnGhy beyond the denial
OF the categorical questions concerning
the purchase and ownership of sugar
stocks or knowledge Of any purchase by
any one connected With them, either
officially or domestically
The list includes Senators Gordon,
Jones, of Nevada. Kyle. McLaurin,
Henderson, Miller, Mitchell, of Wiscon-
sin. Morrill,. Murphy. Palmer. Pasco.
Perkins, Platt, Proctor. Pugb. Reache,
Sherman, Shoup. Squire, Stewart.
Teller, Turpie, Vest. Morgan. Power,
Villas, Voorhees, and White.
SENATOR B BANSoM CREATED
a slight sensation when he appeared
before the senate sugar trust investi-
eating committee today. He was asked.
as were other senators who were before
the committee, the following questions
by Senator Lodge:
HAS any member of your family, or
any person i'll your employ. or any clerk
employed Under the laws of the United
States i'll your service, been. to your
knowledge, interested in any of the ways
indicated i'll any of the preceding ques-
tions in any transactions III sugar stock
or certificates during the period men-
toned. *
) Replying tothe question. Mr.. Ransom
asked leave to make statement On
the night of last Thursday, he had
been visited at his home by Mr..
Rowland, correspondent of the New
ork Press. WHO asked him substan-
TALLY the same question as had been
put TO him by the committee. Mr.
Ransom made explicit denial, where
upon Mr. Howland informed him that a
brokerage firm in this city, Frisbee &
Co., had an entry III their books which
Indicated that the senator had specu.
lated iii sugar stock, during the period
of the tariff debate.
"Mr. Howland," continued Mr. Ran
som, asked me if l knew any other
person by the name of Ransom in the
city. | told him | knew of but one per-
son in the city by the name of Ransom,
and that was my son George, who was
my clerk.
HE ASKED ME
81
parlor. and l would step in and bring
him out. 1 was, perhaps, more cautious
than the occasion required, and said
to Mr.. Howiand that would thank him
to come with me to the door, so that he
could7 see that no communication
should take place between me
and my son, and l went to the
parlor door, where George was, beck
onlng him to come in. l did not speak
to him, nor see him between the parlor
and my room, and when he got into my
room. l asked the gentlemen to state
their business to him, and told
lny son whatever the matter was
to tell the truth about it. He
then stated to those in my presence
that he had bought some sugar stock,
On the 18th or 18th Of April. He put up
a margin of SO. which he paid the
broker OH sugar stock. He said on
the same day he put up a margin of
S25 on cotton. He said lie lost the
cotton and made $40 on sugar; !;
that after that he repeated the same bet
on sugar, but not on cotton, and think
he lost the second. He then stated that
he and Capt. Barnes, a messenger here
at the commerce committee room. after
that. on two occasions, bet $40 worth of
SUGAR STOCK
apiece. They went in together. and |
asked the correspondent to examine my
son fully as much as he pleased, and to
see Capt. Barnes and examine him
also"
Senator Ransom proceeded to relate
that about two weeks ago Capt. Barnes.
previously alluded to, had come 10 him
to tell him that friend had i'll
formed him that he (the sena.or) had
been specializing in sugar. The
senator denied the story, and sent
Barnes to investigate it. The latter re-
turned with the assurance that there
was no basis for the assertion The
senator had told Rowland about this
incident, withholding from him the
name of Barnes informant. which had
been comlL unicated to him in conf
dence.
Senator Ransom advised the commit
tee to summon Rowland and see if his
story did not correspond with what had
just been stated to the committee.
Senator Gray asked: Had you any
knowledge whatever until this interview W
with Mr.. Rowland on the evening YOU
speak of, of the bets of your son with
brokers i'll sugar and cotton?'
Senator Ransom replied: 81 never
dreamed OF such a thing. l never
thought Of it. l would not have be.
leved it. The truth of it. went to INV
son with great deal of confidence when
this correspondent desired to see him.
The paper shows that when he bough,
first stock, / was out of the city, the
18th of April was when we were al
Coy. Vancess funeral at Asheville.
II may state to the committee that
have no interest whatever, and never
had any stock or trade or anythin! else
in any way since / have been in the
senate"
Hail Damages Crops.
SAGK RAPIDS Minn lima 1e