Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-08
LAMAR BOAST 8
HE s Dad MAN
Of WALL st.
Turns Mental FIip-FlOps Before
Lobby Committee to Explain
Betrayal Of Lauterbach.

WASHINGTON. July s.-Davit
Lamar, the Wall Street adventurer
to-day in a demonstration Of menta
gymnastics before the Senate Lobby
Investigation Committee. attempted
to show that his friend, Edward Lau-
terhach. was really the victim Of a
conspiracy on Lamar's part to bring
Lewis Cass Ledyard and his friends
into the open"
Lamar surprised the committee with
some Of his bold statements
Il am the one villain in Wall street.
] am the one bad man there. AL the
rest Of them are good and innocent"
he said, explaining whv he had i'm
personated Palmer and Riordan and
why he had sent Lautegbach to Led
yard with a political arrangement
designed to head OF the Steel Trust
investfga ton.
Why He Charged Forgery.
Lamar then said his purpose in ca.
ing attention TO an alleged forgery 10
$50 0o0, GOO in the books Of the UuiOT
4 hA4ttt anu MS ~ E'ifHAhbIAA 20 hAif f'tN
uation existing between the financial
interests and Lauterbach was to COM
pei these men to recognize the folly
Of their course against Lauterbach.
Referring to the representation Of
Representative u. J. Riordan two
years ago Lamar swore that he told
Charles Steele, of j. Z. Morgan q
Co, two days after the conversation
that he impersOnated Riordan
Lamar declared that when he inn
personated Congressman Palmer the
second time his ear was so attuned to
telephone conversation that he knew
when Ledyard cut in with his private
telephone line
Framed Political Program.
Lamar said he was responsible for
the political program which Lau-
terbach carried 90 Ledysrd, and that
was responsible for Lauterbach's be
lief that Speaker clark and Senator
Stone were authorities for the repre-
sensations he made to Ledyard
Lamar also referred to Ledyard's
efforts TO defeat him A. "elephantine,"
and said he wished 10 force Ledyard
and his associates. who have ruined
many men" TO come into the open
and publicly show their methods
against men whom they oppose
You ala not hesitate to tell Lauter-
bach that Senator Stone and Speaker
Clark were parties to the program
WHICH was conveyed to Ledyard ?"
queTied Reed
II did not hesitate
Said Ledyard Would Suspect.
You knew If this program were
conveyed 10 men powerful In tho
financial world they would regard
Speaker Clark and Senator Stone az
men who were willing to make
deaI?"
Lamar replied in the negative, ex-
planning that the program would never
20 through until Wall Street had per
sonal confirmation from the Missouri
statesman.
Il was sure Ledyard would give
this program no credence." said La
mar Il knew that he was aware Of
the Palmer Impersonation before he
ever saw the program"
You had sent Lauterbach, your
friend, a man IS years old, into a
trapf' demanded Reed
Yes better a 6ght in tho open
than slow death" replied Lamar,
heatedly.
Il sent Lsutsrbach into the trap"
he continued, so he would be com
pletely In Ledyards power and give
Ledyard reason for finally coming
into the open"
I'm the Villain" He Cries.
do you think either OF you has
gained anything" asked Reed.
I'VE certainly have" said Lamar
we have compelled them to come
into the open"
Senator Reed commented sarcasti-
cally on this statement
II FhA villain 81 Wa
Street" replied Lamar, caustically. q
am the one bad man. All the rest are
evidently actuated by the highest
character and purity"
Lamar submitted a statement which
he claims prov ~ there had been a
wholesale forgery on the books of the
Union Pacific Railroad