The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-06-17
A $40 FLYER ON SUGAR.
That Was About the Extent OF
the Ransom Family's Spec
ulation.
The Senator'S Son Took It but
He Lost His Money Keep
ing at It
Qusy Admits Specializing in the csytih.
a oates. but Sold Out at = Losa before
Yotlpg on the sohsd uis.

WASHINGTON. June l6-sensior RAnsom
crsnted slight sensation when no hp-
peare before the senate sugar Investigation
COMMITTEES to-day. Hs was asked, as we're
others before the committee, whether any
member OF his family OF any person In hla
employ or any clerk employed under ,hs
laws OF the United Bts,ea In hiA service,
had been. 10 his knowledge. interested In
any transactions ia sugar stocks OF oOrsin-
Gates during the tariff debate. Replying "a
the question Ransom asked leave 10 make
q statement On the night OF last Thurs
day he had been waited at his home by II.
O. Rowland. correspondent of the New
York Press. who asked him substantially
the same question as had been ru, 10 him
By this committee. Ransom made an sx-
plioit denial, whereupon howlsnd in-
formed him that n brokerage Arm In
tho city had an entrr In their books
which indicated that the senator had spec
ula,ed In sugar ssocks during the period OF
tho tariff debate. ''Mr. Howlsnd." con-
tinued Ransom, asked me II knew any
other psrson by the name Of Ransom in
the city. l told him knew but one person
In tho CITY by the name OF Ransom. and
that was my son George, who was ms clerk.
He asked me where he was aud said be
was In the parlor. and i would step in and
bring him In.
II was perhaps more cautious than oc-
cssion required. and / said 10 Howinnd
that i would thank hin 10 como with me 10
the door so that be could sec that no COM
munication should take place between me
and my son. ! went TO tho door OF the
parlor whore my son was ana beckoned
him 10 come in. did not speak TO him or
see him between the pnrlor and my room.
and when We got into my room asked tho
gentleman TO state his business 10 him. and
told my son whatever the matter vas 10
toll the truth about II.
my con then stated 10 the gentleman
that no had bought some sugar stock on
the 18th Of April. lie put up margin of
$40, which be paid b oker on ths sugar
stock. He said on the same day he put MP
| a margin Of $26 ON cotton, He said he lost
| on cotton anu made $40 on sugar and after
that repeated the same bet on sugar and
Lost. / may state to the committee that
have NO istsrsst vhntsvef and never had
stock or trade or spythipR else since have
been in the senate"
Senator Briee reiterated his declaration
|
he said that he had not bouQhs or sold a
single share of sugar stock or dealt In in.
dusiriai stocks of any kind.
Senator Quay said he had beon dealing In
stocks more or less ell his life. and for the
past twenty months had been buying aud
selling sugar stocks. Tho day before tke
vote was taken he sold all he had st q loss.
80 II could not be charged tnat ID infiu-
enosd bis vote. He said he had not been
furnished any information as to what the
inance committee would do with the sugar
sohedole aud that il formed no part of hil
basis OF purchase or sale. He saw nc
rsrson why a United States senator should
not avail himself OF Liain business Fopo-
| sition, and ho intended to transact any
such business In future 10 he had In the
| past
A number OF othor senators were exam.
med during the day. but none gave sny
testimony beyond denial of ,be csteRori.
| col questions concerning the putchAso and
ownership OF sugar stocks or knowledge OF
any purchase by any one connected with
them either officially or domesticslly. The
llst includes senator Gordon, Jones Of Ne
vada. Kyle, Lsurin. henderson. Mills
Mitchell OF Wisconsin, Moril. Murphy,
Palmer. Pasco. Perkins, Platt, Proctor
Pngb. Roach. Sherman. shoup. squire,
stewart. Teller. Turpis. VesL Morgan.
Power, VilAs voorhees, and White.