The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-04-22
LITTLE LOEB ON
HIS HIGH HORSE
Secretary to the President Ac-
CuSes Sims of Taking His
Name in Vain.

Washington. April 2l.-The reference TO
Mr.. Loeb. secretary to the president, in
the house yesterday by Mr.. Sims in con-
nection with his ownership of 400 shares
of stock in the Washington Railway &
Electric company, called forth today a
letter from Mr. Loeb to that gentleman
explaining how the stock came into his
possession and suggesting to Mr.. Sims
that he should be most scTupulous in deal
ing with mems characters and reputa-
lions. Mr.. Sims read the letter.
Explaining his possession OF the stock
Mr.. Loeb says:
Holds Stock as Trustee.
"Forty-seven hundred shares of the cap
ital stock of the Washington Railway &
Electric company stand in my name on
the books OF the company. One hundred
of these shares enough to enable me to
qualify as director, are mine; 1900 are
holdings of friends of mine for whom !
simply acted as representative at the last
annual meeting of the stockholders of the
company at which | was elected a direc-
tor with the view to my possible election
as president of the company If decided
to take up that line of work after ieaF-
ing Official life. This record has been and
still is open to you or any other honest
man at any time. and it clearly demon
strates that any insinuation that in any
mysterious or unworthy way or in any
WaV whatever | have accumulated Such a
considerable fortune as your speech i'm
plies. is as unfair to me as 1t is unworthy
of you"
Smith Asked His Advice.
Speaking of what he calls Mr. Sims
Inclination that ] have improperly inter
fered with traction legislation" Mr.. Loeb
says:
Immediately after my election as a di-
rector of the company the chairman OF the
house district committee. Mr.. Smith, call
ed on me and started to ask my advice as
to certain bills affecting the traction com
pany pending Before the committee. | at
once informed him that while | occupied
the position of secretary to the president
| could not and would not discuss with
any member of congress any matters OF
legislation affecting the local public SER
vice corporations. | have seen Chairman
Smith. who will verify this statement. and
I cite this instance to show how serupu-
IousIv careful | have been to observe the
proprieties in the case.
Mr.. Sims Explains.
After reading the letter Mr. Sims said
that he was the last person to take ad-
vantage of any congressional privilege to
say anything derogatory TO any man. and
therefore he felt that the letter should
be read in as public a manner as he had
made his statement Mr.. Sims declared.
however, that he had based his statement
on an official communication TO the
speaker wherein il was shown that Mr..
Loeb had 400 shares of the stock In his
name.
Later Mr. Sims. without mentioning the
name of the senator to whom he .yester-
dav referred, but who. it was learned
through :he senator himself. was Senator
Newlands of Nevada, as owning over .O0t
shares of Capital Traction stock, read a
statement from the senator saying that
the stock came into his possession as trus-
tee of the Sharon estate long before his
entry into public life. and that since he
controlled il he had not participated in
any legislation on street railway matters.
H.. ~ nj n.rf q
statement in which he said that when the
legislation regarding the street railways
in connection with the union station
came before the district committee. he
informed the members of the COMMITTEES
al his interest in the stock and announced
that he would not participate in their de-
iberations or action of the district com
mittee or of the senate on this subject