The Oskaloosa herald., 1913-07-10
| AM THE WILLIAM, :
J SAYS DAVID LAMAR
Tells Probers He is "The One
Bad Man Of Wall Street"
APOLOGIES TO SENATORS
Asserts "That All the Rest Of Them
Are Good and lnnocent"-Says
He Makes Statement and
! Not Testimony.

Washington, July 9.-David Lamar,
the Wall street adventurer, took the
stand again before the senate lobby
Investigation. committee and in a
demonstration Of mental gymnastics
attempted to show that his friend Ed
ward Lauterbach was really the VIC
tim of conspiracy on Lamar's part to
bring Lewis Cass Ledyard and his
friends 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, and all
the rest of them are good and inno-
cent" he said, explaining why he had
impersonated Palmer and Rierdan and
why he had sent Lauterbach to Led
yard with a political arrangement"
designed to head off the Steel trust
litigation.
he said, explaining further his philoso-
ply of life and intimating that he was
brass"
Il realize that my life and character
are at stake here" said Lamar. 81
know that my motives in this case,
however, will be properly construed"
Has Confidence In Committee.
Lamar then told Chairman Over
man and other members of the COM
mittee that he had perfect confidence
In them and said his purpose in call
ing attention to an alleged forgery of
382 100000 In the books of the Union
Pacific and his exposition of the situa-
ton existing between the financial in!
terests and himself and Lauterbach
was to compel these men to recognize
the folly of their course again Lau-
terbach. II they did not do so, he
hoped to compel them to come out in
the open and display the conspiracy
and the surreptitious statements they
had circulated against US in New York
for years"
Part Of this has been accomplish
ed" he concluded. ...
Referring to the impersonation Of
Representative d. ]. Rierdan two
years ago. Lamar swore that he told
Charles Steele Of J. P. Morgan & Co
two days after the conversation that
he hac impersonated Rierdan.
There could have been no decep-
ton after that" said Lamar.
Lamar insisted on putting his state
ment to the committee in argumenta-
tive form, and he was frequently inter
rupted by Senator Reed.
10 Statement, Not Testimony.
I
is not testimony" he declared. Con
tinuing his statement, Lamar said:
Two years ago Steele knew that It
was not Rierdan that he was talking
to. but he knew that 1t was me. was
always of the opinion that Ledyard
knew that he was not talking with
Palmer"
Lamar said that he wanted to take
Ledyard and his associates into the
open.
Il knew Ledyard and his friends"
said Lamar, had ruined many men
through methods of duplicity. | de-
liberately and Intentionally prepared
this thing. so that they would have a
cas- again Lauterbach and would
come out into the open. That is a
major operation in Wall street pro-
ceeding on parallel lines"
Lamar became somewhat hysterical.
"Mr Chairman" he cried. don't you
see what a physical strain | am labor
ing under? l hope you will excuse my
excitement"
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.
Lamar Apologies to Body.
Lamar frequently apologized to
members of the committee for state
ments rejecting on Ledyard and for
expressing his own opinions. Senator
Reed demanded that the witness give
facts, and Chairman Oyermant threat
ened to compel Lamar to leave the
stand II he did not confine himself to
facts.
Il think | had better stop" said La
mar
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