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


to Favor Among the Financiers
Inc story OF remarkable friend
ship existing between David Lamar
known az the wolf Of Wall Street.
because OF his subtly unscr,rnuJous
operations, and Edward Lauterhaob
broken and discredited LAWYER e. ,ho
net result of the weeks investiysttor,
oy the Senate Lobby Committee at
Washington.
now Lamar posed as the ernissar,
and spokesman OF Senator'S and Con-
gressmen. how he impersonated bigt
Government officials in his converss
tons over the telephone IN wau
street operators. how he sought 70
brighten them into one concession
and another by threat of nronosad
Congressional action-and all this not
so much for his own gain as 70 d.
mand recognition for his unfort,,pa+s
lawyer friend Lauterbach, he said
Is the story.
Lamar long has been a figure ~
disrepute on Wall Street. and non.
knew this better than Lamar. c,vni-
cal, sarcastic. bitter he told the sar-
ATE committee that he had been fight
Ing to force Wall Street into recopnt-
ton of himself and Of his friend Tar.
terbach. He charged his Wall street
tenemies with having circulated false
reports about him. The substsro. =,
his confession was that he vo,,l5
drive them into the open by his i'm.
personation Of the powers at Wash
ington.
Hatred for Ledyard.
The bitterest hatred Of Lamar and
Lauterbach was for Lewis Cass Lad
yard, attorney for J. P. Morgan q CO
This was revealed on the witness
stand when the two admitted having
told Ledyard that they had held RON
ferences with the Democratic leaders
at Washington, including Senator
Stone, Speaker Clark, Congressman
Riordan and Palmer.
- determined to fix 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 us.
Ledyard and his associates had ruined
many men. I was determined that ha
should not ruin me-"
on the stand Lauterbach saddled
Lamar with the responsibility OF most
Of the representations. Once Lauter-
bach went to see ]. p Morgan, bear
ing resolution calling for an iuves-
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.
u thought IL Mr. Morgan would ask
Lamar to stop It. it would create good
feeling between the two men," he said.
The figure of Edward Lauterbaoh,
shrinking. timid, before the investi-
gators, is the most remarkable thing
OF the weeks revelations. Once Lau-
terbach held a 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 L. 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 he 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 L.auterbach 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
lied by saying that he could hold out
influence with Democrats. in a Demo-
cratic administration. that the corpo-
rations might profit by the weakness
OF the popular Representatives.
Such, in a fast. impressionistic out
line. is the story of the fall of Ed
wand Lauterbach, the eclipse of a