The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1907-06-26
TRUTH At LAST.
New York Broker Tells How Stat
istics Were Nodded to
suit WALL STREET.

The President Misled by Cotton En-
pert.-Eig Sum of Money Paid in
One Deal.-Leaks In Reports Dis
closed in the Trial of E. S. Holmes,
in the Washington Courts.-some
Interesting Revelations.
The truth is coming out at last in
reference to the selling of crop re-
ports by certain officials at Washing
ter lew years ago. The following
summary of the case as brought out
in the courts at Washington will be
read with interest
Edward S. Holmes, Jr., went into
the private manipulation Of cotton
statistics for stock market purposes,
backed by an advance immunity
bath from successful prosecution. AT
the same time he strollhd up to the
White House and so signally demon
strated that the cotton statistics were
inviolable that the President warmly
congratulated him on the safety Of
the republic from Wall Street.
This was brought out recently in the
| trial Of Holmes in the cotton leal
cases from Louis G. Van Ripper, the
New York broker.
Van Ripper, taking up his story with
relation to payments to Peckhan
Haas and Holmes, added one item Q.
$4,000 paid to Peckhan.
Being question concerning the di
vision Of the profits realized on the
cotton ginners' report for December
1904, Van Riper said there was S43,
OIL to be distributed, and this amoun
was divided into two parts. Thi:
division took place December %
1904, at a hotel in New York, where
he and Peckham went to meet Hol
mes and Haas. Haas's share wa
| $40, ,767, but he received $10,S00 be
cause they could not make change.
"Did Mr.. Holmes ever talk witt
you as to what would happen to hin
if it was known that he was givins
out this information?" was asked.
He did," replied Van Ripper, III
December he said nothing could hap
pen to him; that he had had lega! ad
vice and knew that there was no lav
covering the case.
Van Ripper also said Holmes tolt
him that on former occasion, il
1903, when there were leaks in tn
report, he went to the White Hous
to assure the President the system
was perfect and had received tn
Presidents congratulations on it
excellence.
did Mr.. Holmes tell you at tha
time whether there was any justin
cation Of the suspicion that ther
was a leak?"
"He said there was; he told me h
furnished the figures to Price aud re
lated how Haas had gone Lack an
forth several times between him an
Price in an effort to have the az
preaching report manipulated so
to suit Prices conditions.
The outlook was for report show
ing a production of 10,250,000 bales
Price was short, and said those fig
ures would not help him and pleade
to have the amount reduced belo,
ten millions if the amount could no
be made higher, SO he could take tn
other side. Holmes said it could no
possibly be made lower than 10, ,020
1000 bales, but Price insisted, and tn
figures were made to conform t
Prices requirements.
He said afterwards an effort wa
: made at Holiness suggestion to sc
an outside place for Statistician Hyd
so Holmes could be promoted to tn
chief position in the Office.
With this end in view the wit
ness said Haas told him Price me
Hyde, but did not like him, and
was arranged early in 1905 that Hyd
should be sent to Europe to remain
away for four months and to repor
conditions there.
Haas told me Holmes would D'
the head Of the bureau and we woult
have everything our own way, sait
the witness.
Did Holmes ever tell you how h
got his advance information?" Va1
Ripper was asked.
A sharp tilt occurred between At
torneys Beach and Worthington ovel
the failure of the former to produce
an affidavit presented by Van Ripel
to Secretary Wilson in 1905, Mr.
! Worthington demanded the docu
ment today, saying he wanted il be.
fore the witness could have oppor.
tunity to confer with the District
Attorney. Mr.. Beach resented this
remark as s'uncalled for" The
court directed the District Attorney
to produce the affidavit, but before
this order could be served court ad-
journed. The District Attorney an
nounced privately that he would
br;no- +ba document into co11rt re