Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-07-08
LAMAR SAYS He
IS ONLY VILLAIN
IN WALL STREET
Bitter and Satirical in Explain-
ing Lobby Motives Before
Senators.
SOUGHT TO END FIGHT ON
SELF AND LAUTERBACH
Denies Any Plot to Get Money
from Morgan and Other
Interests.


WASHINGTON, July 3.-An end to
the Wall Street features of the lobby
investigation was in sight when the
Senate committee resumed its hear
ing today David Lamar was given
permission to make final statement
explaining Edward Lauterbach's
charges yesterday that Lamar had
assured him Senator Stone and Speak
er Clark were anxious for peace
ful understanding with Morgan and
steel corporation interests.
I realize perfectly that my life and
character are on trial before this
committee" Lamar began. He argued
that his testimony and Lauterbach's
had shown they were not engaged
IN any effort to get money from ]. P.
Morgan & Co., or other interests.
III tell you what my motive was,n
said Lamar ut was either to force
these men to recognize the injustice
or their attitude toward Lauterbach
and myself, or force them to come
out into the open with the charges
of blaekmail they had circulated In
New York for years against both OF
US. Ledyard and his associates had
ruined many men and I was deter
mined they should not ruin me-
Lamar said he knew Lewis Cass
Ledyard was trying to "trip him.,
when he began telephoning in the
name of Representative Palmer and
then determined to fix up a "gamer
on Ledyard ito force the financial
people into the open''
Under a sharp fire of questions.
Lamar insisted that his only object
was to bring about lust such a situ-
alton as this investigation.
Il am the one villain In Wall
street." said Lamar bitterly. "AIl the
rest are actuated by the highest mo-
tives and possess the highest ideals.''
Lamar declared the whole thing was
"a major Wall street operation trav-
cling on parallel lines" and insisted
he was after Ledyard. cravath.
Evarts, Lovett and .'the Morgan,
steel trust, Union Pacific and other
interests and wanted to force them
to an open attack.
1T was fayorite method of mine
for producing an explosion when I
wanted one,'' he added. As Lamar
proceeded with his statement his
voice shook with emotion.
you see the feeling | am working
under" he said once to the commit
tee.
Witness Amuses Audience.
Lamar's choice of adjectives in
speaking of various Wall street men
led senator's to interrupt his state
ment frequently. Whenever the COM
mittee disapproved of something he
said, Lamar Immediately agreed with
the objector, to the great amusement
of the audience.
The committee finally decided to
hold Lamar strictly to answering
questions He testified he had told
Lauterbach that Senator Stone had
authorized him to make certain rep
resentations to the Morgan firm, and
had told Lauterbach that Senator
Stone said he represented Speaker
Clark.
Lauterbach had testified yesterday
that all his information about Sena-
tor Stone and Speaker Clark had
come from Lamar.
Lamar testified that his charges of
an $S2,000,000 forgery on the Union
Pacific books, which were emphat-
ically denied by lawyers for the COM
pany at the time he made them,
were founded on statistics from
manual and Thomas Gibson, a New
York financial writer. He had dis
cussed with Lauterbach making the
charges public before the lobby COM
mittee. The witness testified also Of
impersonating Chairman McCombs,
of the Democratic National Commit
tee, and Chairman Hilles, of the Re-
publican National COMMITTEES Sena-
tor Cummins wanted to know IL
Lauterbach asked for an explanation
of any of Lamar's plans which in
volved his Gauterbach's) honor.
THE question of honor was not
| considered. 1t was entirely Wall
Street operation" returned Lamar.
The committee tried to bring out
whether Lamar had any stock in the
Steel Corporation about the time the
| investigation resolution was intro
duced or held any Union Pacific or
| Southern Pacific recently or now.
Lamar denied having any.
The committee heard F. j. Goert-
ner, of Seaman, Bache & Co.. glass
| importers of New York, who testified
he prepared a brief for free glass"
published in the ways and means
committees hand book on the Under
wood bill, but added that he had
made no efforts to have the commit :
| tee do so. In 1909 he said the glass
men spent about 100000 to get tarirt
reduction. Two-thirds of that was
put up by foreign exporters.