The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-06-20
Quay 'FEsSEs UP.
He Bought Sugar stock for specuIa-
ton.

ton.
WASHINGTON, June Ex-senator
Quay was before the sugar trust COM
mittee today. He told the committee
that he bought sugar stock for specula-
ton and that he would do so again
Senator Quay said he had been dealing
in stocks more or less all his life, and
for the past 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 informa-
ton as 10 what the finance committee
would do with the sugar schedule ana
that formed no part Of his basis Of pur-
chase or sale. He saw no reason why
United States senator shouldn't avail
himself Of plain business proposition
if he intended TO transact any such bust
ness in the future as he had in the past.
A number of other senator's were e7l-
amined during the day, but none of them
gave any testimony beyond the denial
of the categorical questions concerning
the purchase and ownership Of sugar
stock or knowledge of any purchase by
any one connected with them. either Of
ficially or domestically. The list includes
Senators Gordon, Jones of Nevada, Kyle,
McLaurin, Henderson, Mills Mitchell Of
Wisconsin. Morrill,. Murphy, Palmer
Pasco Perkins. Plat, Proctor, Pugh,
Roache. Sherman, Shoupe, Squire,
Stewart, Teller. Turpie. Vest, Morgan,
Power Villas, Voorhees, and White.
Senator Ransom created a slight sensa-
a. h. hofopo q
sugar trust investigation committee to-
day. He was asked, as were other sena-
tors who were before the committee, the
following question by Senator Lodge:
Has any member OF your family or any
person in your employ, or any clerk en-
ployed under the laws OF the United
States in your service been, TO your
knowledge, interested in any of the ways
indicated in any Of the preceding ques-
tons in any transaction In sugar stocks
or certificates during the period men
tioned?'
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, correspond
ent 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 where
upon Mr.. Rowland informed him that a
brokerage firm in this city, Silsbee & Co.,
had an entry in their books which indi-
Gated that the senator had speculated in
sugar stock during the period of the
tariff debate.
mir. Rowland" continued Mr.. Ransom,
asked me If knew any other person by
the name OF Ransom in this city. / told
him l knew 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 was, and l said he
was in the parlor and 1 would step and
bring him in. / was perhaps more eau
tious than the occasion required and
said to Mr.. Rowland that 1 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.
/ went TO the parlor door where George
was and beckoned him TO come in. l did
not speak to him OF see him between the
parlor and my room, and when he got in
my room I asked the gentlemen to state
their business to him and told my son
whatever the matter was to tell the truth
about II. He then stated to those in my
presence that he had bought some sugar
stock on the 18th or the 18th of April. He
put up a margin Of sic, which he paid the
broker on sugar stock. He said he, on
the same day, had put up margin Of
$25 on cotton.
"He said he lost the cotton and made
SO on sugar; that after that he repeated
the same bet on sugar, but not on cotton,
and / think ne lost the second. He then
stated that he and Capt. Barnes, a mes
senger here at the commerce committee
room, after that, on two occasions,
bought $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 too"
Senator Ransom proceeded to relate
that about two weeks ago Capt Barnes,
previously alluded TO, had come to him to
ta11 i'm hot had fpFc cd J.
tina he (the SENATOR had been specializing
in sugar. The senator denied the story
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