Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-09
LAMAR BOAST 8
HE'S BAD MAN
Of WALL ST.
Turns Mental FIip-FIops Before
Lobby Committee to Explain
Betrayal Of Lauterbach.

WASHINGTON, July s.-David
Lamar. the Wall Street adventurer.
to-day in a demonstration Of mental
gymnastics before the Senate Lobby
Investigation Committee, attempted
TO show that his friend. Edward Lau-
terbach, was really the victim OF a
conspiracy on Lamar's part to bring
Lewis Cazs Ledyard and HIS frtends
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. All the
rest OF them are good and innocent"
he said, explaining whv he had inn
personated Palmer and Riordan and
why he had sent L.auterbach TO Led
yard with a political arrangement"
designed TO head or the Steel Trust
investigation.
Why Hs Charged Forgery.
Lamar then said his purpose in cal
ing attention to an alleged forgery o
$50 0O0,0 in the books OF the Unior
Pacific and his exposition OF the sit
uation existing between the financial
interests and Lauterbach was to com
pei these men 10 recognize the folly
Of their course against Lauterbach.
Referring to the representation Of
Representative D. j. Riordan two
years ago, Lamar swore that he told
Charles Steele of J. p. Morgan &
Co. two days after the conversation
that he impersonated Riordan.
Lamar declared that when he i'm
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 TO Ledyard, and that
was responsible for Lauterbach's be-
lief that Speaker Clark and Senator
Stone were authorities for the repre-
sensations he made 10 Ledyard.
Lamar also referred to Ledyard's
efforts to defeat him a. "elephantine,"
and said he wished to 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 did not hesitate 10 tell Lauter-
bach that Senator Stone and Speaker
Clark were parties TO the program
WHICH was conveyed 10 Ledyard?"
queTied Reed.
Il did not hesitate"
Said Lsdyard Would Suspect.
You knew II this program were
conveyed to men powerful In the
financial world they would regard
Speaker Clark and Senator Stone az
men who were willing to make a
desl?"
Lamar replied in the negative, sx-
planning that the program would never
go 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 aght in the open
than slow death" replied Lamar,
heatedly.
Il sent Iauterbaeh into the trap"
he continued so he would be com
pletely in Ledyards power and give
Ledyard reason for finally coming
into the open"
On, the Villain" He Cries.
do you think either OF you has
gained anything" asked Reed.
We certainly have" said Lamar.
We have compelled them to come
into the open"
Senator Reed commented sarcasti-
cally on this statement
Il am the one villain OF Wall
Street, replied Lamar, causticaIly. 'T
am the one bad man. All the rest are
evidently actuated by the highest
character and purity"
Lamar submitted a statement which
he claims proves there had been
wholesale forgery on the books of the
Union Pacific Railroad