Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-06-17
6. RANSOM BOUGHT SUGAR
NOT Mucu. Bur IT AsroNIsnED THE
SENATOR no Know III.


BY Associated Press.
Washington, June Ex-senator Ran
som created slight sensation when he
appeared before the senate sugar trust
investigation committee today He was
asked as were other senators who Were
before the committee by Seuator
Lodge, HAS any member OF your
family or any person In your employ.
or any clerk employed under the laws
OF tho United statos in your service.
been to your knowledge Interested In
any OF the ways indicated In any OF the
preceding questions In any otranshc,lon
in sugar stock or certificates during the
period menionedy'
Replying TO the question Mr., Ram
som asked leave to make a statement,
ON the night OF last Thursday he had
been visited at his home by Mi. How
land, correspondent of the New York
Press, who asked him substantially the
same question as had tecn put 10 him
by the committee Mir, Ransom made
explicit denial. whereupon Mr. How
land Informed him that u brokerage
firm In this city, Silsbeo - Co, had an
entry In their books which Indicated
that the senator had Hpeculated IN
sugar stocks during the period Of the
tariff debate.
mir, Rowland" continued MIR. Ram
som, "aHked me N l knew any other
person by the name OF Ransom IN the
city, I told him know of but one
person In the city by the name OF
Ransom, and that was my son George,
who was my clerk. He asked where he
wiul and | said he WAS IN the pnrlor
and would step IN and bring him In.
II he
occasion required, and | said TO Mr.,
Rowland that | would thank him TO
come with me TO tho door so that he
could see that no communication should
take place between me and my son, !
went 10 the parlor door whore George
was and beokoned him To come in, I
did not speak 10 him or see him be-
tween the parlor and my room and
when he got IN my room ! asked the
gentleman TO state his business to him
and told my son whatever the matter
was To tell the truth about II. He then
stated 20 those IN my presence that he
had bought some sugar stock ON the
i7th or 18Th Of April. lie put up n mar
gin OF $40, which he paid the broker on
sugar stock lie said he on the same
day had put margin Of SIS ON cotton.
He said he lost the cotton and made
$40 on sugar! that after that he re-
peatoh the same bet on sugar, but not
on cotton, and | think he lost the
second.
"Hc then stated that he and Capt.
Barnes. messenger here nt tho com.
inerco committee room, after that, on
two occasions, bought $40 worth OF
sugar stock apiece, They went IN 10.
gpthor, and asked tho correspondent
10 examine my son fully as he pleased,
and 20 see Capt Barnes and examine
him. too" senator Ransom proceed
ed TO relate that about two months
ago Capt Barnes, previously alluded
10, had come to him to toll him that
friend had Informed him that he
tthe SENATOR Ind been speculating In
sugar The senator denied the story.
and sent narnos 10 investigate II. The
latter returned with the insurance that
there waa no basis for the assertion.
The senator had told Correspondent
Rowland about this Incident. with
holding from him the name of Barnes.
Information which had been communi-
Gated 20 him In confidence. Senator
Ransom advised the committee 10 sum
mon Mr.. Rowland aud nee II his story
lid not correspond with what had
Just been stated 70 the committee.
Senator Gray asked; Had you any
knowledge whatever. until this inter
view with Mr. Howlhnd on the oven
ing you spoke OF the bets OF your son
with this broker In sugar aud cot.
toni"
Senator Ransom replied: ~ never
dreamed NJ such thing ! never
thought OF II ] would not have be-
levcd n. The truth OF II IL, I went
TO my son with great deal Of con.
ndence when this correspondent whit
cd TO see him, The paper shows when
he bought the first stock I was out 81
the city. The 18Th OF April was
when we were at Gov. Vance's funeral
al Ashcville,
"I nav rtntn "a tho cn,nmt,tco tbnt
have no interest whatever and never
have had stock or trade or anything
else in any. way since have been IN
the senate"
Senator Quay said he had heen deal.
Ing in stock moro or less all his life,
and for the past twenty months had
bought and sold sugar stock The
day before the vote was taken he
sold all he had nt n loss. so that II
could not be charged that Il infu
enued his vote. lie said that he had
not been furnished with any lnfOf1nn.
tion az to what the finance committee
would do with the sugar schedule. and
that II formed no part ~ his basis Of
purchase or sale. He saw no reason
why United States senator Hh9nlc
not avail himself OF pl1ii bnHiliass
proposition. and he intended 20 trans
act any auch business In the future
as he had IN the past.
A number Of senators were exam
ined during the day, but none or them
gave any testimony beyocd the denial
Of tho categorical questions, concern
ing the purchase OF sugar stock or
knowledge OF any purchase and own
ersnip by any one connected with
them. eiiher officially or domceiicnlly.
Tho list Includes Senators Gordon
Jones 81 Nevada. Hy;e. MrI4nnrin Man
derspn. Mills. Mitchell Of wisconsin,
morrill,. Murphy Palmer. Pascoe, Per.
klns, Plat. Proctor pugh. Roache.
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