The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-08-21
STOCK GAM BLING
IS HIS DEFENSE
MIR. GLASS SAYS SENATOR SWAN
PLoRAHLE PLIGHT.
RET CRATES CHARGES
aEoTES PRESIDENT TAFT.s MES
SAGE on GAMBLING IN MAR
GINS AND SAYS MOST
STATES PROHIBIT III.

GINS AND SAYS MOST
STATES PROHIBIT 1T.
ASHLAND, VA, Aug. 20.-Repre-
sentative Carter Glass spoke here on
Saturday night in advocacy Of his
tcaudidacv for the nomination for
United States senator in opposition to
Senator claude A. swanson. A large
audience beard Mr. Glass. and he was
frequently applauded.
Mr. Glass devoted most of his
speech 60 a reply to the explanation
of Senator Swanson in answer to the
charge recently made by Mr. Glass
that instead of being the bitter foe
of the American Tobacco Company
and having taken leading part in
the fight against the trust, Mr..
swanson is in reality,a friend of the
trust and a stakeholder in the com
pany In his reply Mr.. Swanson
stated that on two occasions during
recess OF Congress he had srecsifatet
in margins in American Tobacco Com
pany stock, but that he never pur-
chased any Of the stock outright, and
that his name does not appear on the
books Of the company as ever having
y owned Stock
Mr.. Glass said.
Deplorabie Plight
II have carefully read MIR. Swan
son statement as printed la the Vir-
gihtn newspapers, and II puts him. in
a deplorabte plight. 1t freuuentIV
happens that 81 public man. detected
in stock gambling. pleads in defense
that he was a bona tide investor. Bur
Mr. swanson, charged with being a
bona tide investor In the stocks Of
the American Tobacco Company.
pleads that he was merely stock gam
hling. | might leave the case Just rs
Mr. Swanson puts IT. and let the peo-
pie OF Virginia pass upon it: but my
competitor makes some observations
more or less personal TO which / may
he expected to reply.
His talk about my ma nifestatinns
~ malice and enmity' toward him Ia
both idle ana Irrelevant. | have no.
whore and at no time departed from
the tenor of my opening speech AT
Richmond on March 81. which was
pronounced, even by newspapers hos
tie IN me reasonably dignifed and
legitimate presentation of public ia
sues. have had no inclination To
alter my purpose TO conflue the sena
torial campaign to public matters and
to conduct II on 4 high plane Of pub
Tic controversy This Determination
hos not been changed even bv the
amazing misrepresentation and VIC.
lent abuEe of me hy few newspaper
organs identified with the campaign
OF my competitor. Only once have
paused in the discussion Of public rec.
ords and grave public issues to rebukr
, tho persistent impudcnce Of a hired
blackgnard
Incorporate Nitupcration.
, Mr. SWansons heated assertion
that my charge that he was n STOCK
holder Of the American Tobacco Com.
, pany while member Of the WAY,
ana Means Committee of Congress I,
false and sRnderous' and that
knew the charge to be false euf
/ siauderous' when / made 1t, is mer,
, incorporate vituperation. which ma,
interest people who relish seeing char
blown about by the wind. hut Is in
siderable when It has no substance
In the same breath In which he do
houheed my charge as false and Sian
> derous he makes confession whtcl
shows the charge to be overwherm
inely true
= MT swanson eonfesses that h
) bought 200 shares Of American Tobac
{ GO Company stock In 1908, and som
j. year or two later bought 2b0 share
3 moro of the same stock: but he plea
y IN extfS1uAf ,oft that whfcft could M
g possibly hive known. and somethin
, which 1t would have been dangeron
:. for me to have assumed. He SAYS IN
:, stock never came into his possession
: Was never transferred to him. and WA
never intended TO be actually owne
ny him He thus affirms that tn
transaction constituted pure stoc
| gambling operation In intent ana I
fact. In other words. while a mem
ber Of the ways and means commit
j tee OF Congress- representing q grea
tobacco State and tobacco district VI
" Swanson was purchasing on margin
4, tho stocks Of the American Tobacc
Company. an industrial brsand. who's
1. profits We're being wrung out of tn
mlseries Of the tobacco growers an
y, the disasters OF the Independent 10
* bacco manufacturers ot Virginia,
81 Purchased $4,000 of Stock.
b "Ile claims that tho two transac
~ tons which he cites cover tho whol
: of his dealings IN the stock but al
- sure he Will upon reflection. desire
amend, that statement la UtEl, 7sa,
10 haps, recall that at another time h
purchased noarlF $4,000 of the stoc
~ of the American Tobacco Company
and. maybe he viii remember othe
transactions in the same stock. More
over. Mr. Swanson viii doubtless re
Ia collect that he operated in other tlus
stocks notably the stocks of tia
81 wire trust which only recently At
tempted TO inttmidata the preser
"a Democratic chairman of the Hous
il toe