The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-17
Says He. Read His Speech at
Bristol With Surprise
and Contempt
TELLS OF TWO DEALS
IN AMERICAN
Bought on Margins. Never
Held Stock-Declares OPP
ponent Knew His State
mentS False

Senator swanson last night sent tina
following to The Eirginian:
Washington. .. G., Aug. Is, 1911.
The Richmond Virginian.
Richmond, Va:
Il have just read with surprise and
contempt the speech that AIR. Glass
made at Bristol, in which he refers
to mo as having improperly used my
position as "a member OF Congress
and a member Of tho ways and means
committee of the House OF Represen-
tafiFes to promote my financial In
terests.
These statements which Mr.. Glass
was reported as to have made are
false and slanderous and were known
10y Ar. Glass to be false and SANDER
Gus hen he made them. The ref
erences which Mr.. Glass made to my
being u s~toekholder in tho American
Iobaeco Company must have been tbs
result OF a false and perverted ac-
count, which at ~ time was cir
euated as a rumor. TO the effect that
l was IA owner OF stock in the Amer
lean Tobacco Company.
While my business Transactions can
hardly DO a matter OF interest to tina
public, 1 haVe had mono which | would
be unwilling to throw open to the
view OF the Virginia people. When
q false 8nd slandeTous statement ia
made in respect 10 them. |. OF course
seek the first opportunity to give to
the public every fact out of which
vicious and slanderous Of
my ppone could have grown.
Buys on Margin.
In 1898. while ! was at Chatham.
Va. when Congress was NOT In ses-
sion. / purchased on margin. 9a0 shares
OF the stock OF the American TO-
hacco Company. / put up the usual
margin required by brokers' in soec,.-
iative transactions The stock was
never tn my possession, and / do not
suppose IL was ever IRA pxfarrad - -
name on The books of the companv
The broker held the stock only a
short time and [ never voted il or
gave any one q proxy to vote IT.
Il was never in any aesantiaf oa,s
q stakeholder but simply carried tI,a
. zoo shares of stock -aa-a st.r--t, +tnr-
through the agency of a broker witb
the view 10 ,nolIrg 80.
profit. 1t was a stock traded in an ~
market and thon~ht II vas Iny,-5na
. thought by buvirg san,a 0f - -
] holding n for a shor, tf,na -
+ coaIfd mako ,rae+
/ fact1v fayit{,ca+a So pe'-
ma on s,r;n+I. sn+S"@ ntaue ny
I TyLa~. ,v,s -
-. "'N "o S'tsit"st iHpro"
"' -
~Ns"Au y" ''aFSih'
SeA OF e"o later, when con-
s'ssS "as not IN session. and when
~ testslauoh WAS pending. or COM
teihpiated and when had no more
knoWIedge oP nc more opportunity for
knowledge than amy ottfer business
man. l purchased $50 shares OF this
stock on margin for similar specula-
tive and in the usual way.
This stock was sold shortly after
wards. The two transactions w..
similar and there was NOT tn sI,gn.S
est wrong or ip,ororrta+z, - -
case. ~
"Nn dn,bt Ar r1o.. -
h~rs>,ha3, - 1t'3" sums
thess n,,robaaaa ~" i"lHor apout
~ - st"NA on nay part.
~ Ia" oaiS transaction ever
a "a ene STOCK OF NC american
n constitute the
0AN' N"H"VNt4oH 1 ever nad with tno
company or any of Its business at
Aalrs.
Malicious and Vindictive.
The attempting which Mr.. Glass,
mas mace 70 eaten hold of some rum
or ABOUT these matters. and pervert
me same 10 eVh purposes. is a mani
CESSATION u ms hldllHe ana emnity to-
"aro ny Which nave characterized
az caIuluacs from lls inception. [
~ $50 LILY aiu lrahh4y al the
- az "tnHS ~ haff 4NaS
J1uean.H y ne people OF virginia IN
W . "a" ~ let7oiapls trahs-
49, ~ - "AIen. w. Hlass.
-, notf q aiis-
=, - nntnt - " u NA"ui
"Aftbnnrh ,basa
M, ~ - n~ssIh,It,T- 49, ouu
influence ON nv offciai conanc a
a member NJ ca Grass ! viii tatfa -
"a SION n, say thar nv record yeiIl ais- .
! cIosa that in all nv votes ana ~actinn.
both MS a mernt,er NJ rho vavs anJ
means committee. ana as n Conpress-