St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-17


Was Induced to Do SO by Cor
respondent Rowland, of the
New Y ork Press-Took Flyer
in Sugar and Cotton and Lost.
WASHINGTON, June is. - Senator
Quay was before the sugar trust COM
mittee. He told the committee that he
bought sugar stock for speculation. and
that he would do so again. Senator
Quay said he had been dealing III 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
it 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
plain business proposition. and lie in
tended to transact any such business in
the future as he had in the past. A
number of other senators were exam
med during The day, but none of them
gave any testimony beyond the denial
of the categorical questions concerning
the purchase and ownership of sugar
stocks Or knowledge of any purchase by
amy 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, Plat, Proctor, Pugh, Reacie,
Sherman, Shoup, Squire, Stewart,
Teller. Turpie. Vest. Morgan. Power,
Villas. Voorhees, and White.
SENATOR 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 in any of the preceding ques-
tons in any transactions in sugar stock
or certificates during the period NELL
toned.
Replying to the 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
York 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.. Rowland Informed him that
brokerage firm in this city. Frisbee &
Co.. had an entry in their books which
indicated that the senator had specu-
lated ill 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 l knew of but one per-
son in the city by the name of Ransom,
and that was my son George, who was
my clerk. $50
HE ASKED ME
where he was. and | said he was in the
parlor. and would step in and bring
him out. l was, perhaps, more cautious
than the occasion required, and | SAID
to Mr.. Howiand that l would thank him
to come with me to the door, so that he
could see that no communication
should take place between me
and my son. and l went to the
xx,ha
oning him to come in. 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
my son whatever the matter was
TO tell the truth about it. He
then stated to those in my presence
thai he had bought some sugar stock,
On the 18th or 18th of April. He put up
margin of $40. which he paid the
broker on sugar stock. He said on
the same day he put up margin of
s25 on cotton. He said he lost the
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, messenger here
| at the commerce committee room. after
that. on two occasions. bet $40 worth of
SUGAR STOCK
| apiece. They went i'll 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 in
formed him that he tine sena.oD 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 coml 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 untilthis interview
with Mr.. Rowland OH the evening YOU
| speak of, of the bets of your son with
brokers in sugar and cottDn?"
Senator Ransom replied II never
| dreamed of such thing. | never
thought of it. would not have be-
lieved it. The truth of it. I went to nv
son with great deal of confidence when
this correspondent desired to see him.
| The paper shows that when he bought
first stock. was out of the city, the
| 18th OF April was when we were at
| Gov. Vance:s funeral at Asheville.
| Il may state to the committee that
have no interest whatever, and never
| had stuck frQho "a xytt nIo