Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-13
0ne-Time Leader of New York
Republicans Presents a PitifuE
Spectacle as He Tells of ReIa-
tons With Wall St. Adventurer
Tells Senate Investigators That
All of His Misdeeds Were Com
mitted to Restore Other Man
to Favor Among the Financiers

to Favor Among the Financiers
me story Of a remarkable friend
ship existing between David Lamar
known az the wolf OF Wall straats
because Of his subtly unscrupulous
operations, and Edward Lauterbach
broken and discredited LAWYER is the
net result Of the weeks investigatbo,,
by the Senate Lobby Committee at
Washington.
HOW Lamar posed as the ernisssrv
and spokesman Of Senators and Con-
gressmen. how he impersonated high
Government officials in his convsrsa-
tons over the telephone to Wall
street operators how he sought TO
Brighten them into one concession
and another by threat Of proposAs
Congressional actlon-and all this nor
so much for his own gain az To de-
mand recognition for his unfortunate
lawyer friend. Lauterbach. he said
is the story.
Lamar long has been a figure OF
disrepute on Wall Street. and none
knew this better than Lamar. Cvni-
cal, sarcastic. bitter he told the Sen
ate committee that he had been fight
ing to force Wall Street into recogni-
ton Of himself and Of his friend I.au-
terbach. He charged his Wall Streat
enemies with having circulated false
reports about him. The substance ~
his confession was that he would
drive them into the open by his i'm
personation of the powers at WASH
ington.
Hatred for Ledyard.
The bltterest hatred of Lamar and
Lauterbach was for Lewis Cass Led
yard, attorney for J. P. Morgan & On.
This was revealed on the witness
stand when the two admitted having
told Ledyard that they had held con-
ferences with the Democratic leaders
at Washington, including Senator
Stone. Speaker Clark, Congreszmen
Riordan and Palmer.
81 determined to fix a game to
force Ledyard into the OPEN" declared
Lamar his voice shaking with emo
ton. when I telephoned In the name
Of Congressman Palmer. For years
men in Wall Street have been circu-
lating stories OF blackmail against "a.
Ledyard and his associates had ruined
many men. l was determined thatjhs
should not ruin me-"
On the stand Lauterbach saodled
Lamar with the responsibility ofimost
OF the impersonations. Once Iauter-
bach went to see J. p. Morgan. bear
ing a resolution calling for an fnves-
tigation Of the Steel Trust by the
House Of Representatives He de-
clared that he did it to heal the
breach between Morgan and Lamar.
q thought If Mr.. Morgan would, ask
Lamar to stop 1t, 1t would create good
feeling between the two men, he said.
The figure OF Edward Lalrterbach,
shrinking, timid, before the investi-
gators is the most remarkable thing
Of the weeks revelations. Once Lau-
terbach held position OF power In
politics. OF him had been written at
one time:
There is one man in New YORK. at
the present time who is, perhaps, en-
titled to more favors at the hands Of
his party than any other citizen Of
this State"
Once Republican Leader.
The paragraph was written of Ed
ward Lauterbach in 1898 when ne was
leader among the Republicans. a
man of high place in the law. OF
weight in finance, a connoisseur OF
art, the owner of home in the rich
est millionaire block in the world
AMI then
Consider Edward Lauterbach, cow
ering before the Lobby Investigating
Committee at Washington. almost
tearfully making the admission that
he had lied to Lewis Cass Ledyard IN
an effort to get employment, and had
ned by saying that he could hold out
influence with Democrats, In a Demo-
cratic administration, that the corpo- f,
rations might profit by the weakness
Of the popular Representatives.
Such, in a fast, impresstonistic out
line, is the story Of the fan Of Ed
wand Lauterbach, the eclipse of