Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1913-07-10

Committed on Union Pacific Books
and That Road Juggled Its Assets.
Washington, D. C.-David NJ. La
mar, New York stock broker, on the
witness stand before the senate lobby
committee, frankly admitted that he
had impersonated representatives n
other big public men in calling up
officials of the Hartman lines in be-
half of Edward Lauterbach, New YORK
attorney. Lamar insisted that he act
ed at adj times through friendship for
Lauterbach, and said he only wanted
to secure him perfect legal employ
ment."
That Edward Lauterbach called on
Louis Cass Ledyard, claiming to be
the accredited representative of the
Democratic leaders, and demanded
that he approve a comprehensive pro-
gram pledging Wall street to be
good was also a sensational allega-
ton made to the senate lobby commit
tee by Ledyard.
Lauterbach called, Ledyard swore,
following a telephone appointment ar
ranged by David Lamar, the "Wolf OF
Wall street." who had represented
himself as Representative A. Mitchell
Palmer, one of the Wilson leaders ii
the house. Lamar, as Palmer, hac
quoted Speaker Clark and a dozen
other Democratic leaders on questions
of policy.
Charges Assets Were "Juggled."
Lamar said that he called bott
Judge Lovett of the Hartman line
and Paul D. Cravath, saying each time
that he was Representative Riordar
of New York. His testimony causet
q sensation among the members of thu
committee.
"Lovett's statement was not true, a
he said that Lauterbach tried t
'blackmail him." asserted Lamar en-
phatically. Lamar called Lauterbac.
"the little man with the big heart, tn
man who can't keep a dollar in hi
pocket because he can't bear SUITE
ing"
! Lamar also directly charged ths
the late E. H. Hartman and his ass
8 ciates in 1901, at a time when tn
+ Union Pacific was in serious financii
+ difficulties, manipulated the account
b of the railroad system so that the
g secured $82, 900, 900, 900, which the
n used to finance the deals which lat
gave Harmon his position as the ra
way wizard,
s The committee refused to perm
"a Lamar to go into the details OF tn
c alleged manipulation, and later tt
D attorneys for the Hartman interes
" and Kuhn, Loeb & Co. read into Il
Ie record a declaration that this stol
II was planned in connection with a &C
al templated bear raid on'the Harrimi
It shares. The statement ~characteriz
+ Lamar as the greatest liar of mode.
Id times"
in Later, Lamar alleged, the prin
10 pals in the transaction went to Kuf
e Loeb G. Co. and secretly got neal
ne 5000, 600, 900, which, he believed, W
al for their own use.
te Name Gust Game to Me-"
&c Coming back to the Riordan-Lov
~ conversation, Lamar said that
20 called Lovett, using Riordan's name
'st "How did you happen to menti
~ his name?" asked Nelson. ooh,
in Just came to me-" he said.
ID Lamar readily admitted that he b
used Representative Palmer's name
talking to Lewis Cass Ledyard.
did you intimate that Lauterba
" had influence in Washington?' asl
70, Nelson.
"I explain In substance. Then
=. can form your own Judgment"
piled Lamar.
49, Answer the question: demand
Nd oyerman.
.hs 81 am strongly of the opinion" S
the witness, that l went strongly
ons ward the affirmative in my CONVEX
- ton with Mr.. Ledyard, but I'll
down to it, senator. I'll get dc
rio to it."
mt HOW uiu you HoPpeH =" "'0
al, mer's name?" asked Nelson.
q" saw him once at the Baltim
convention the witness said, "
90, Palmer Just then was much in
n, public eye and prominent in the
ministration."
th, Lamar related the first unsucc
~, full effort Of President Roosevelt
end the 1901 and 1902 Pennsylvf
coal strike. Following this, he S
Roosevelt asked Lauterbach to
an range a conference with Gov. 0
ose of New York, Senator Platt and
ators Quay and Penrose of Penn
vania.
me Strike Settled After Conference
After the conference, he said,
ly strike was settled. Odell then thu
by ened to rescind the charters of
ldei coal carrying roads, and Quay TIL
ened to force the Pennsylvania !
lature at a special session to acc
the coal mines by right of emin'
~. Manager Was Wise.
So Leading Tragic Man-"Did you
how l paralyzed the audience in