The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-08-29

and his family during hts last illness
and entertained for me tho klndest
and most grateful sontiments. Being
cogni5ant OF what TRANSFERRED, OF the time
the criticism appeared. he did not thinl,
1t justified and felt that it should not
have been made. He also stated that
Senator Daniel most highly esteemed me
during his life time, both as q friend
and as o public officer. 1 have no
stronger supporters in this state than this
talented young son OF Senator Daniel
and the other members OF his family
and close relatives. This should CON
stitute q complete reply to MIR. GLASS
because they and not Mr.. Glass are the
proper defenders Of Senator Daniels
memory. am satisfied that g vast
majority OF the people of Virginia
depricate b opening Of tho grave of
Senator DAM to try to make It SUBJ
serve tho purposes OF a selfish political
campaign. A1r. Glass himself In the
campaign OF Governor Montague against
Senator Deuiel gave expression to a
rebuke TO Governor Montague, which
l think can now bs fltt!ngly applied TO
Mr.. Glass. Condemning an effort TO
aid Governor Montague by appealing
to the supposed grievances OF Genera
Leo against Mr. Martin. Mr.. Glass
WioVc thc lOitO WITH.
That A. r. c. pea.
My Fellow Democrats.-Mr. Glass hay-
Ing utterly failed TO .make any Impression
upon the people OF the state by his attac1s
upon my public record as congressman and
as governor and In the other matters 20
which have replied. in the closing hours o,
the campaign. In his desperation. has seen
proper TO deivc into my private business a.
!s!'s. hoping that through prejudice and mis-
representation he might injure me and bene-
III himself. He hos soen proper to inject into
this mpai some business transactions
OF mine occurring more than ten years avo.
The first charge was that / was u partner
and largo stockholder IN tho American To-
Deoco Company while l was u member Of
congress and OF the ways and means com
mitteo. When l replied to his charge, stat
ing 70 the people fully and frankly the trans
action nc then changed his contention and
said That was c gambler In the stock OF this
company have stated and will state again
frankly these transactions. While my bust
ness affairs can hardly be q matter OF interest
20 the public. yet ! have none that I would
be unwilling to throw open 10 the view of
virginia people; especially am I willing Co do
THIS when they are medo the subject OF false
ana slanderous charges. As l stated in the
interview which | have given out, in the yoar
ioes, when congress was not In session and
whenl was at Chatham. I purchased through
a licensed and reputable broker 800 shares OF
the stock Of this company. which the broker
bought and held for nee on my account q, a
speculation. ! furnished tho broker With a
margin 20 carry these stocks for me to Insure
him against loss. He held these STOCKS oniv
a short time and sold them at my rIsk soy
e!ai years later | made q purchase Of o5O
sharcs OF the stock OF this compan for sini.
lar speculative purposes. These were held
and soon sold at my risk.
i wish TO say that these were the only
trensactiond and the only instances in which
1 nave ever ever held any OF the stocks Of ,hn
hmerlcenT obacco Company.
Venture Was Speculative.
The venture was speculative. and I took
che risk myself, furnishing sufficient margin.
and in doing SO placed myself under oblign-
ton to no one. These purchases were made
when congress was not In session and no leg.
is lauon was pending and | kdew of none
contemplated that would affect tho value Of
these stocks. Being a minority member
OF the ways and means committee. l had no op-
p~ortunity for acquiring EXCEPT
such hs IS possessed by the ordinary business
man. a minority member OF the commit
tee is not consulted by the majority in con-
nection with bills, nor has he any knowledge
OF the legislation proposed by the majority.
The majority meet among themselves. con
slider their bills reach their own conclusions.
publish them TO the country and thenin.
%---AI vi iAl5 N
formally to a appear. This has been the
course pursued In all congresses. whether
controlled by Democrats or Republicans and
was the course pursued by the Democratic
majority OF the house of representative in
the session Just ended. | could have NOS.
sessed no knowledge superior TO that Of
Others. Congress had adjourned and no
legislation was pending. Thu there could
nave been no Improperly in the purchase
OF this STICK on account OF my being a member
nj rnnUFaEg md ~ he ~. .-l
mitteed. The only Improperly that could
nave existed. II any. is such as would apply
to the usual purchasers OF stock for sDecula-
tive purpose Stocks OF this company
were permitted to be dealt in by law and were
bought and sold on the open market nv
brokers as other stocks were. They were not
purchased in q bucket shop. such as is char
acterized as gambling transactions. They
were bought by me through licensed ard
reputable brokers in the way that other pur-
chases Of stock are made the brokers holding
the stocks and ] furnishing the margin.
There never has been a law against these
transactions. They occur daily. Such pur-
chases mus { be numerous even in the ciry
OF Lynchburg, as the newspaper of nv
carries the daily quotations o,
tho stock market. He could not AFFORD TO
do this unless 1t was a matter OF interest TO
his readers. Every daily paper in this
state carries similar quotations indicating
similar interest OF purchasers I feel sure
that there are very few people. II they
thought they could purchase stocks and
mako e profit on the transaction. who would
not do SO II they had sufficient money TO
furnish the broker who made the purchase
for them the required margin to insure him
against loss. This is daily done by many
OF our best citizens.
Swanson MOT influenced.
The Impression sought to be created by
bringing this charge In connection with a
business transaction OF mine more than
ten years ago. is that ii might have in
fiucnced my vote and action In congress.
My record in congress discloscs tho reverse
My opponent has not and cannon point
to O vote that | gave ut this time. prior or
subsequent to this time. that was in tina
least affected by this transaction. or thai,
was not in the interest OF the Virginia people.
l hold n commission in congress 20 cast my
vote and guide my actions For their benefit.
| defy any person 10 show any vote [ cnst
upon this question or any other question.
that has not been In the interest OF the people
and for the restraint of monopoly. Upon
tnris1 rtnn nffpcfirp tnhan,1 ,,hu. -