Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-08
LAMAR BOAST rs
HE'S BAD MAN
Of WALL ST.
Turns Mental FIip-FIops Before
Lobby Committee to Explain
Betrayal of Lauterbach.

WASHINGTON. July s.-David
Lamar. the Wall Street adventure
to-day in a demonstration Of mental
gymnastics before the Senate Lobby
Investigation Committee. attempted
to show that his friend. Edward Lau-
terbach. was really the victim Of a
conspiracy on Lamar's part to bring
Lewis Cass Ledyard and his friends
into the open"
Lamar surprised the committee with
some of his bold statements
I am the one villain in Wall Street
I am the-one bad man there. All the
rest OF them are good and innocent"
he said, explaining whv he had i'm
personated Palmer and Riordan and
why he had sent Lauterbach TO Led
yard with a political arrangement"
designed to head off the Steel Trust
investigation.
Why He Charged Forgery.
Lamar then said his purpose In CAL
ing attention to an alleged forgery ID
$50. 600, 900 in the books OF the Unior
Pacific and his exposition Of the sit
uation existing between the financial
interests and LauterbaCh was to com
pei these men TO recognize the folly
Of their course against Lauterbach.
Referring to the impersonation Of
Representative ID. J. Riordan two
years ago Lamar swOre that he told
Charles Steele, Of J. =. Morgan a
CO. two days after the conversation
that he unprecedented Rlordan
gr1aT declared thar lyhpu he
personated Congressman Palmer the
second time his ear was so attuned to
telephone conversation that he knew
when Ledyard cut in with his private
telephone line
Framed Political Program.
Lamar said he was respop sibIe for
the political program" which Lau7
terbach carried TO Ledyard, and that
was responsible for Lauterbach's be-
lief that Speaker Clark and Senator
Stone were authorities for the repre-
sensations he made to Ledyard
Lamar also referred to Ledyard's
efforts to defeat him az "elephantine,"
and said he wished to force Ledyard
and his associates, who have ruined
many men," 10 come into the open
and publicly show their methods
against men whom they oppose
You did not hesitate 20 tel Lauter-
bach that Senator Stone and Speaker
Clark were parties 10 the program
which was conveyed to Ledyard ?"
queried Reed
Il did not hesitate"
Said Ledyard Would Suspect.
you knew If this program were
conveyed TO men powerful In the
financial world they would regard
Speaker Clark and Senator Stone as
men who were willing TO make
deal?"
Lamar replied In the negative, ex-
planning that the program would never
20 through until Wall Street had per
sOnal confirmation from the Missouri
statesman
Il was sure Ledyard would give
this program no Credence," said La
mar u knew that he was aware of
the Palmer impersonation before he
ever saw the program"
you had sent Lauterbach. your
friend, a man 6s years old, into
trapT demanded Reed
Yes. better a night in the open
than slow death" replied Lamar
heatedly
Il sent Lauterbach into the trap"
he continued. so ne would be com
pletely In Ledyard's power and give
Ledyard reason for finally coming
into the open
am the Villain" He Cries.
DO you think either OF you has
gained anything" asked Reed.
We certainly have" said Lamar.
we have compelled them to come
into the open"
Senator Reed commented sarcasti 70
Cally on this statement.
Il am the one villain OF Wall
Street replied Lamar, caustically. 81
am the one bad man. All the rest are
evidently actuated by the highest
character and purity"
Lamar submitted a statement which
he claims prov IS there had been a
wholesale forgery on the books OF the
Union Pacific Railroad