The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-06-17
HE HAS AND WILL AGAIN.
Senator Quay Speculates in
Stocks.
He Has Also Bought Sugar on
Margins.
But the Day Before the Senate Vote
He Sold 1t,
At Loss, SO He Says, In Order That
His Vote Should Net Be Infu-
snosd - Other Senators
Cseschised.

som created slight sensation when he
appeared before the senate sugar inves-
tigation committee today. He was
asked, as were others who were before
the committee, the following question
by Senator Lodge:
"Hae any member OF your family or
any person in your employ, or any
clerk employed under the laws of the
United States in your service, been. to
your knowledge, interested in any oi
the ways indicated in any of the pre-
ceding questions in any transactions
In sugar stocks or certificates during the
period mentioned2"
Replying to the question, Mr.. Ransom
asked leave to make q statement. On
the night of last Thursday he had been
visited at his home by Mr.. Howland.
correspondent OF the New York Press.
who asked him substantially the same
question as had been put to him by the
committee. Mr.. Ransom made explicit
denial, whereupon Mr.. Howland in
formed him that brokerage firm in the
city, Silbee & Co., had an entry in its
books which indicated shat the senator
had speculated in sugar stocks during
the period OF the tariff debate.
"Mr. Howland," continued Mr.. Ran
som, "asked me If / 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 where he was,
and said be was in the parlor and that
1 would step in and bring him in.
81 WAS perhaps more cautious than
the occasion required, and / said to Mr..
Howland that l would thank him to
come with me to the door 30 that he
could see no communication should take
place s gstSsfs8ar tSSsf8r @ aoS spd weggrs Rg ny son
and beckoned him to come in. / did
not speak to him or see him between the
parlor and my room, and when he got
into my room asked the gentleman to
state his business to him and told nay
son whatever the matter was to tell the
truth about it.
HE then stated to the gentleman in
my presence that he had bought some
sugar stock ON the 18th or 18th Of
April. He put up a margin of $40.
W which he paid the broker on sugar
obOCAs LILO cha0 OA phc c1hAo 0Ry b46b
he put up margin of $25 on cotton.
''He said he lost on the cotton and
made $40 on sugar, and after that he
the same bet on sugar, but
not on cotton. and think he lost the
second.
He then stated that he and Captain
Barnes, messenger here at the COM
mittee room, after that, on two ocea-
sions. bought $40 worth of sugar stock.
"They went in together, and asked
the correspondent to examine my son
iully as he pleased and to examine
Captain Barnes too"
Mr.. Ransom proceeded to relate that
several weeks ago Captain Barnes, pre-
viously alluded to. had come to him to
tell him that friend had informed him
that he (the aenator) had been specu-
lating in sugar. The senator denied the
story and sent Barnes to investigate.
The latter returned with the assurance
that there was no basis for the asssr-
tion. The senator had told the CORE
spondent, Rowland, about this incident,
the name OF Barnes in
.s-mant, which had been communicated
10 him in confidence.
Senator Ransom advised the commit
Zee to examine Mr.. Barnes and see if his
story did not respond with what he
stated to the committee.
Senator Gray asked: Had you any
whatever, until this inter
rev with Mr.. Rowland, ON the evening
If which you speak, of the bets of your
ION with this broker In sugar aud cot
on?"
Senator Ransom replied: "I never
lreamsd Of such q thing. I never
hought of Ii. l would not have be.
ieveG it. The truth of it ia, l went to
ny son with great deal of confidence
md told him that this newspaper cor
wanted to see him. The
paper shows that when he bought this
ugar stock l was out of the city. The
8th OF April was when we were at |
senator Vance's funeral at Ashville. l |
nsy state to the committee l have no |
interest whatever, and never had stock |
r trade, or anything else, since have |
een in the senate"
Mr.. Brice reiterated his declaration in
is letter to Chairman Gray, in which |
10 said that he had not bought or sold |
single share OF sugar stock or dealt in
Industrial stocks OF any kind. Mr.. Brice
vas very explicit and emphatic in his
enial of any knowledge of campaign
ontributions from the sugar trust He
new nothing of the contributions in
392. Previous to July l, 1892, when he
aH in charge, there were no cOntribu-
ons from the sugar trust or any one
3nnected with it as far as he knew.
le never attended a meeting on Bene-
ict's yacht at which pledges were made
the aupar interAats
Senator Quay was before the sugar
'mmittee just before O'Clock. He told
le committee he had bought sugar
ocks on speculation and ne would do so
gain. He said he had been dealing in
ocks more or less all his life. and for
10 past 20 months had been buying and
iiing sugar stocks. The day before the
,te WAS taken he sold all he had at a
es, SO it could not be charged it infiu-
iced his vote. He said he had not been
rnished any information as to what
% finance committee would do with