Mexico Missouri message., 1913-07-10

Charge $ss,ooo,ooo Foreeries Were
Committed on Union Pacific Books
and That Road JugeIed 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 and
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 all 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 sensational allega-
tion made to the senate lobby commit
tee by Ledyard.
Lauterbach called, Ledyard swore.
following 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 in
the house. Lamar, as Palmer, had
quoted Speaker Clark and a dozen
other Democratic leaders on questions
of policy.
Charges Assets Were "JuggIed."
Lamar said that he called both
Judge Lovett of the Hartman lines
and Paul d. Cravath, saying each time
that he was Representative Riordan
of New York. His testimony caused
sensation among the members of the
| committee.
"Lovett's statement was not true, as
he said that Lauterbach tried to
'blackmaiP him." asserted Lamar EN-.
phatically. Lamar called Lauterbach
'the little man with the big heart, the
| man who can't keep a dollar in his
| pocket because he can't bear suffer
ing"
Lamar also directly charged that
the late E. II. Hartman and his asso-
ciates in 1901, at a time when the
Union Pacific was in serious financial
difficulties, manipulated the accounts
of the railroad system so that they
secured $S2,000,000,0O0 which they
used TO finance the deals which later
gave Harmon his position as the rail.
way wizard.
The committee refused to permit
Lamar to go into the details of this
alleged manipulation, and later the
attorneys for the Hartman interests
and Kuhn, Loeb & Co. read into the
record declaration that this story
was planned in connection with a con.
templated bear raid on the Hartman
shares. The statement characterized
Lamar as the greatest liar of modern
times"
Later, Lamar alleged the princi-
pals in the transaction went to Kuhn,
Loeb & Co. and secretly got nearly
S200,0000O0, which, he believed, was
for their own use
Name Gust Came to Me-"
Coming back to the Riordan-Lovett
| conversation, Lamar said that he
called Lovett, using Riordan's name.
How did you happen to mention
his name?" asked Nelson. ooh, it
just came to me-" he said.
Lamar readily admitted that he had
used Representative Palmer's name in
! talking to Lewis Cass Ledyard
Did you intimate that Lauterbach
lad influence in Washington" asked
Nelson.
Il explain in substance. Then you
can form your own judgment" re-
piled Lamar.
answer the question" demanded
| Overman
Il am strongly Of the opinion" said
the witness, that l went strongly to-
ward the affirmative in my converse
tion with Mr. Ledyard, but I'll get
down to 1t, senator. I'll get down
to it,"
How did you happen to use Pal
mer's name?" asked Nelson.
II saw him once at the Baltimore
convention" the witness said. "and
Palmer just then was much in the
public eye ami prominent in the ad-
ministration."
Lamar related the first unsuccess.
full effort OF President Roosevelt to
end the 1901 and 1902 Pennsylvania
coal strike, Following this, he said,
Roosevelt asked Lauterbach to ar
range a conference with Gov. Odell
OF New York, Senator Plat and Sen.
ators Quay and Penrose of Pennsyl-
vania.
Strike Settled After Conference.
After the conference, he said, the
strike was settled. odell then threat
ened TO rescind the charters OF the
coal carrying roads, and Quay threat.