The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-07-09
LAMAR ALMOST
NACOLLAPSE

CONTINUED FROM PAGE ONE
with the present tariff bill had been
limited and unimportant. Next Charles
D. Westcott. OF Washington. told how
he attempted to organize a lobby In
favor Of free Cuban sugar and failed.
Today the committee will resume the
wool lobby hearing with the exami-
nation OF William L Whitman. presi-
dent of the American Wooden Company.
Whitman is expected to be the star wool
witness. and to develop the activities of
his and allied companies and interests
IN connection with Schedule K in the
Payne-Aldrich bill.
David Lamar, on the stand yesterday
morning and afternoon, took the commit
tee and a roomful Of spectators through
the entire list Of human emotions in ex-
planning his mammoth hoax. He was
defiant and glad of the public expose
OF the entire affair; in fact. that was the
thing he had worked for. he said. Then
he was unutterably sorry over the fact
that two DAYS had elapsed between the
time that the names OF Representative
Palmer. Speaker Clark. and Senator
Stone had first been mentioned. and the
time when he could take the stand and
clear their names by a full confession.
ting this occur, he said.
objects to differences.
He expostulated vehemently against in
ferences and conclusions which members
of the committee sought to reach In their
questions, refused to answer categor-
ically, protested his desire to please, and
then pleased himself.
He gave Q refreshing explanation Of q
dual conscience and code OF ethics Mr..
Lamar has q Wall Street code of honor
and an everyday code. Apparently he
was in his Wall Street frame of mind
when he planned and perpetrated this
series Of farcical noaxes of which his
friend Lauterbach 10 the victim. Here Is
the Wall Street point of view as outlined
by Lamar:
When a man is engaged in an effort
to inture you or trick you. you may treat
him the same way. providing you keep
within the bounds of the law. Everything
goes; once you put your hand to the
law, honor goes out the window. have
been blowing in the Wall Street field for
twenty-five years.
But is this honorable" gasped Sena-
tor Reed.
Yes; if YOU agree to the proposition
that the end justified the means. or
such is the kingdom of Wall Street.
Again he remarked. smiling pitingly
upon the ignorance of the Senators, IN
Wall Street they do not do things as they
do on a Jersey farm"
so that in Wall Street. IL you tell a
man a falsehood you do not consider it
a falsehood because you know that no
one is trusted and every statement is
traced up?" questioned Senator Reed.
Essence of Speculation.
That is the very essence of the thing"
cd hay 0fo fAd "A
proposition perfectly. This is the very
essence of speculation"
IF that is the case" asked Senator |
Reed, do you not think il would be !
good thing for the morals of the country |
If that condition were cleaned up. |
Il do indeed. 1 have been trying to
have it cleaned up for eight years my |
self 1 am through with it,
Senator Reed took him through the |
various telephone representations to
which he has pleaded guilty, asking him
whether he was in the Wall Street frame
of mind when he acted. Invariably he 1
replied in the Affirmative.
Were. you the Wall Street frame |
of mind when you called up Chairman
Hills, of the Republican National Com
mittee, and. representing yourself to be
Chairman McCombs, of the Democratic
Committee, asked Hilles to- ARRANGE an
interview with Senator Root asked
Senator Nelson. ~
Yes: that was Wall Street at its best"
Questioned as to whether he had prof
tied by any stock market speculation as
the result of fluctuations growing out of
disturbances in United States Steel,
Union Pacific. Southern Pacific. or allied .
stocks from Congressional agitation of
which he knew in advance. Lamar re-
piled most emphatically that he had not.
I'm that respect / come to this COM
mittee with clean hands, he declared.
The entire expose had worked out ex-
actly as he had planned 1t. he said. with
the exception that he did not intend that
any time should elapse between the ex-
pose and his confession, as he did not
want to have the names of innocent men
like Palmer, Clark. and Stone banded
around. He said he would never forgive
himself for permitting this to happen
He referred to the expose as an explo-
sion. and his methods of bringing it !
about as "a favorite method of mine
of producing an explosion when / want
one"
1t all grew out of the conspiracy led
by Lewis Cass Ledyard. he said, against
the good name and integrity of himself
and Edward Lauterbach.
Tells of His Plan.
l
TT was to produce one of two results:
Either these men would recognize the
injustice and folly of their course to-
ward Mr.. Lauterbach and myself or. per
contra. they would be forced to come
out into the open with their charges of
conspiracy and blackmail which they
had surreptitiously circulated for years
in the city of New York against US
both" He said the first effort failed
and the second perfectly succeeded"
Continuing, he said Of Ledyard:
ct knew the methods Of himself and his
associates. I knew they would not come
out into the open unless they had an alb
solutely perfect case, where they would
have somebody locked in where he could
not escape. I had Intentionally and de-
liberately prepared this thing. as Mr..
Ledyard has testified. so that they would
have a case against Lauterbach which
would be irresistible. Nothing short of
a thing of that kind would tempt them to
do it, but that would; and the reason 1
knew this was that I had frequently
played those tricks on these gentlemen be-
fore and had succeeded. 1t was a IA
vorite method of mine, as j say. It was
a war measure. to bring them out into q
fight in the open before some public body
like this
so you sent your friend, a man Of
sixty-five years, into this terrible trap
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