The Barre daily times. (Barre, Vt.) 1897-1959, 1913-06-27
WALL ST. SAVED FROM
GOLD BRICK SCHEME
How the Plot Was Fooled Was Told Last
Night to Committee Which Is
Searching for Lobby.

Washington, ID. c., June 27.-Thf
story of an effort to sell gold brick
to Wall street and how ii was folled
was told in part to the Senate lobby
investigation committee last night al
one of the most sensation producing ses-
sions il has held in its stormy career.
II was tale of how influence was to
be exerted in the seats of the mighty
in Washington to prevent unfavorable
Investigations into the doings of the
street, of how law suits that the fnan
cia interests in New York wouldn't like
We're to be prevented and of how the
gold brick seller was generally to protect
the interests of the clients he sought
in the political game in the capital
Representative A. Mitchell Palmer of
Pennsylvania one of the prominent
Democrats in the House, mentioned for
secretary of war in the pre-inauguration
days and close friend of the president,
told the story, and Edward Lauterbach,
a New York lawyer, and Representative
Daniel J. Riorlan of New York gave the
committee some light on its details.
According to Mr.. Palmer, Lewis Cass
Iedyard, another New York lawyer, was
the man who was largely instrumental
in foiling the plot. The name of the
man who proposed to do all these things
in Washington was not given to the
committee, although Mr.. Palmer ae
knowledged that he had strong suspi-
cions of his identity.
Mr.. Palmer told the committee that
the representations of influence in Wash
ington had gone so far as to bring in
the names of the speaker of the ma
jority leader of the House and of at
least two other prominent members,
whose names he did not give. He said
that after Mr.. Ledyard had engaged in
many telephone conversations with the
man who had all these goods for sale |
in Washington, he had met Edward Lau-
terbach, New York, attorney, under
the supposition that Lauterbach was rep. |
resenting the. user of the telephone.
Lauterbach was in the committee room |
and listened to all the testimony of Mr..
Palmer, who spent nearly two hours on
the st nd. Later he denied that he had I
tried to secure employment with big in
terests in New York on the strength Of
power in the capital. He swore
hat his only effort was TO 'restore the
anten cordiale" he had previously en-
oyed with Morgan x Co., and which
ie thought had been broken because of
,is friendly relations with David Lamar,
Who he described as Wall street op-
'rator,' who usually operated on the
bear side of the street"
As result of Mr.. Lauterbach's tes
imony, the committee probably will call
4amar, George +. Baker of the First
National bank of New York, Paul d.
'ravath, Francis Lynde Stetson and Mr..
4edyard, all New York attorneys, and ,
'harles Steele of Morgan & Co. To sew
raj of these men, Bauterbach main
aimed, he had talked about his re- !
lstatement in the good graees in the !
ouse Of Morgan. His only reference
, anything in Washington. he said, was !
! to the general situation here. the
,ndency to investigate things and the :
pparent desire for suits against big con
rms The committee adjourned subject I
, the call of the chair, but ii reserved
lie right to summon Lauterbaeh to the
and again after it had heard from
lie other New Workers. T