Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-07-09
Bear Operator Admits Imper-
SOnation of Many Public
Men While Playing Game
of Financier
his PURPOSE WAS TO
EXPOSE THE SYSTEM
Spectacular Witness Denies
Any Effort to Shake
Down" Rich interests Was
Lauterbach' S Friend,

nv uut sivo ioussst srreiAt tttoeo wisuI
Washington, July S.-Thc senate
lobby investigating committee took
look at Wall street today through the
spcctaclrs of David Lamar. The dap
per operator on the bear side who
admits that he banded about In the
market place the names OF men high
in congress. took the committee COM
.pletely into his confidence. For all the
Vaccinations he contrlyed there was
latter an. he swore. but two reasons.
he wished to cause an explosion"
which would bring the Wall street
Imcn whom he felt were antagonistic
10 him into the open. aud he wish
ed Ga insure the accomplishment OF
Edward Lautcrbach his lawyer
I friend, who had fallon into disfavor
with the mighty Of the street, Al
/ though the committee tried 10 develop
that there might have been some 9TH
err consideration involved, Lamar de-
lnied such an allegation as often as Il
was made. He was on the stand for
several hours and although five sena-
tors welded the scalpel nt various
times, they uncovered nothing that
Lamar did not wish to reveal lie was
only playing Wall streets game. he
.said, when he made such frequent use
of the telephone and talked about
what might be done In Washington
Through prominent mephers of con-
gross Il WAS the game he had known
most Of twenty-five years he had been
in the street, he said, hut he was
through with Il now. lie summed np
his whole story IN a few words when
hc sald
II was tho Wall street game ! was
playing In Wall street you dont act
Ike you do on New Jersey farm"
Later he added bitterly:
II am the only villain In Wall street
AN the others are actuated by the
highest motives and possess the high
est ideals"
Lamar's examination was finished
today and both he ana lauterbach
were allowed to go with the under
standing that II wanted. they should
appear again.
Lamar testified that his charges OF
IAN $S2.000.O0 forgery on the Union
Pacific books which were emphatic
ally denied 10y lawyers for the COM
pany at the time he made them, were
founded on statistics from q manual
ana Thomas Gibson. New York H.
nancial writer lie had discussed with
Lautorbach making the charges pub
lic before the lobby committee. The
witness testified also Of imnersnnatng
Chairman McComhs Of the democra-
tie national committee, and Chairman
llillcs, of the republican national
committee
Senator Cummins wanted to know
If Lauterbach asked for an explana-
tion Of any Of l-omar's plans which
involved his Gauterhach'sl honor.
The question of honor was not CON
sidered. It 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 introduc-
ed or held any tnion Pacific or South
crn racutc recently or now Lamar
denied having any
Lamar described the Wall street
frame of mind" as where the thing
to do was to win as long as nothing
criminal was done
Were YOU in the Wall street frame
of mind on February S, when you
tclephoned to Nlr Ledyard?" asked
Senator Reed
u was in the Wall street frame of
mind. t.E
when you .telephoned Chairman
lIillcs?" f8
THAT was Wall street at It's best
The whole jurisdiction is made up OF
that"
However you delivered your tes-
timony. in the wall street frame of
nind?"
That's an entirely different mat
ter ana ] have to face my souls sal
walton and am under oath I'm
through with this game"
In Wall street YOU don't do things
Hike YOU do on a New Jersey farm
he added when Senator Reed sought
to discuss the ethics Of his dealings
aud the misrepresentation he made
In Wall street
Lamar left the stand Just before
)clock
lie read to the committee letter
from Charles L.. HaWley, president
II the Cuban-Amcrican Sugar com
lany, which he said was allied with
he trust IN which Hawley opposed
roe sugar, arguing that Cuba bene-
iuod more from the preferential
low enjoyed under reciprocity than
he would with free sugar.
senator Cnmmins said he could un-
lcrstand the attitude Of most men IN
ugar questions, but was greatly SUR
irised to see an American interested