Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-13
0ne-Time Leader Of New York
Republicans Presents a Pitifui
Spectacle as He Tells Of ReIa-
tons With Wall St.-Adsenturer
Tells Senate investigators That
All of His Misdeeds Were Com
mitted to Restore Other Man
to Favor Among the Financiers

to Favor Among the Fiinanciers
The story of a remarkable friend
ship existing between David Lamar.
known, az the wolf Of Wall Street,
because of his subtly unscrupulous
operations and Edward Iauterbach.
broken ndNdiscredited lawyer, is the
net result of>the weeks Investigation
by the Senate Lobby Committee at
Washington.
How Lamar posed as the emissary
and spokesman of Senators and Con-
gressmen, how he impersonated high
Government officials in his converse
lions over the telephone to Wall
Street operators, how he sought TO
Brighten them into one concession
and another by threat of proposed
Congressional action-and all this not
so much for his own gain as to de-
mand recognition for his unfortunate
lawyer friend, Lauterbach, he said
Is the story.
Lamar long has been a figure Of
disrepute on Wall Street, and none
knew this better than Lamar. Cyni-
cal sarcastic bitter. he told the Sem
ate committee that he had been fight
ing to force Wall Street into recogni-
| ton Of himself and Of his friend Lau-
terbach. He charged his Wall Street
enemies with having circulated false
reports about him. The substance of
his confession was that he would
drive them into the open by his i'm
personation of the powers at Wash
lngton.
Hatred for Ledyard.
The bitterest hatred OF Lamar and
Lauterbach was for Lewis Cass Led
yard, attorney for ]. p Morgan & Co.
This was revealed on the witness
stand when the two admitted having
told Ledyard that they had held con-
ferences with the Democratic leaders
at Washington, including Senator
Stone, Speaker Clark, Congressman
Riordan and Palmer.
Il determined to fix a game to
force Ledyard into the open" declared
Lamar, his voice shaking with emo
ton, when telephoned in the name
Of Congressman Palmer For years
men in Wall Street have been circu-
lating stories of blackmail against US.
Ledyard and his associates had ruined
many men. was determined that he
should not. ruin me"
On the stand Lauterbach saddied
Lamar with the responsibility Of most
Of the impersonations. Once Lauter-
bach went to see J. P. Morgan bear
ing a resolution calling for an inves-
tigation of the Steel Trust by the
House Of Representatives. He de-
clared that he did 1t to heal the
breach between Morgan and Lamar.
Il thought II Mr. Morgan would ask
Lamar to stop it, 1t would create COED
feeling between the two men" he said.
The figure of Edward Lauterbach,
shrinking, timid, before the investi-
gators is the most remarkable thing
Of the weeks revelations. Once Lau-
terbach held a position of power in
politics. OF him had been written at
one time:
There is one man in New York at
the present time who is, perhaps. en-
titled to more favors at the hands of
his party than any other citizen OF
this State"
Once Republican Leader.
The paragraph was written of Ed
ward Lauterbach In 1898 when he was
a leader among the Republicans, a
man Of high place in the law. of
weight in finance, a connoisseuF of
art, the owner Of home in the rich
est millionaire block In the world
And then
Consider Edward Lauterbach, COW
ering before the Lobby Investigating
Committee at Washington, almost
tearfuIly making the admission that
he had He'd TO Lewis Cas- Ledyard in
an effort TO get employment. and had
lied by saying that he could hold out
influence with Democrats, in a Demo
cratic administration, that the corpo-
rations might profit by the weakness
of the popular Representatives.
Such, in a fast. impressionistic ous--
line, is the story of the fall Of Ed
ward Lauterbach, the eclipse OF a