Las Vegas optic. (East Las Vegas, N.M.) 1908-1921, 1913-07-02
TELLS ABOUT TRANSACTIONS
HE POSED AS REPRESENTATIVES,
RIoRDAN AND PALMER DUR
ING PHONE CONVERSATIONS
$82,OOO,OOO U. ?. FORGERY?
BOOSTED EDWARD LAUTERRAcH
TO SECURE HIM JOB, FlE
He DECLARES

Washington, July 2.-David Lamar,
Wall street operator ana one time
conlidante OF Russell Sage, James r.
Keene and other financlers, amazed
the senate lobby committee today by
smilingly and frankly testitying thai
it was he who impersonated Repre-
sentatives Palmer and Riordan in
telephone conversations with Lewis
Cass Ledyard, Paul D. Crayath, Chair
man Robert S. Lovett of the Union
Pacific board and other prominent IL
aanciers, telling them that Edward
Lauterbach, New York lawyer,
could do great things for them IN
Washington. Lamar also astonished
the committee by making detailed
charge that the Union Pacific rail-
roads books had been forged in 1901
on an item covering $S2,OOO,0OO and
that Guhn, Loeb & Co. and the Jate
j. H. Hartman had laid the founda-
tions OF a gigantic fortune. When
Lamar had finished Paul d. Cravath
of counsel for the Union Pacific, put
in a prepared statement to the com
mittee alleging that Lamar's charge
concerning the $S2,OOO,OO0- which
amount is connected with the Union
Pacific surplus-was part Of bear
campaign to depress Union Pacific
stock, Of which the railroad officials
have had knowledge for eyeral days.
Lamar amused, entertained and as
,tounded the committee As he freely
testified as to his impersonation OF
congressman over the telephone. He
did it all, he said, to impress the
financiers with the ability Of his
friend. Edward Luterbach but he
stoutly denied there was ever any
mention that Lauterbach should pro-
fit by legal fees
In 1897, Lamar said, Russell Sage,
authorized him to compel the Union
Pacific to pay the government $685.,
100000 in bonds owing it. Lamar,
with Senator Foraker, came to Wash
ington and conferred with President
Mckinley I'VE were charged with
being pair Of conscienceless black
mailers," said Lamar, @but that had
no effect on US"
When Sage retired from business IN
1901 on Sages recommendation Lamar
became associated with James R.
Keene. Lamar said he warned Keene
when the latter was buying Union Pa
cific stock that the railroad would ruin
him to get revenge for Lamar's pre-
vious activity. He detailed how, when
Keene and his associates had $4s,OOO,-
600 Union Pacific, he took steps to en-
join the voting Of certain stocks 50
that B. H. Hartman would be COM
PEELED to buy Keene's stock at high
figure. With Keene's approval he
retained Lauterbach's law firm and
paid s25,OOO. Lauterbach and Lamar
came to Washington paid Foraker
bee and engaged him
When the injunction was finally de-
cided against Keene, Union Pacific
stock went down and Keene and his
friends lost most of their fortunes.
"As a result Of the panic Of 1897 Y
said Lamar, Hartman. Kuhn, Loeb
and Company, the National City bank
ana Morgan and Company became
bound together as with an iron band
"For the purpose Of rendering my
friend Lauterbach a service" he said,
and to restore him to his former
friendly relation with Kuhn Loeb and
Company, Jacog schiff and the Union
Pacific officials. I did have conversas
tions over the telephone with the
Union Pacific officials and others and
III those conversations / did use the
names Of other persons. But there
was no suggestion 81 a fee to Mr.
Louterbach On the strength Of these