davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
| AMAR'S FORGERY CHARGE
AND RAILROADS RESPONSE

erased represented a debit entry against
credit entry. that credit entry being
the entry representing the securities Of
these companies which the Union Pacific
had acquired.
Now. here is what they did. and here
is what flowed from the forgery: They
took all the securities of the Oregon
Short Line Railroad Company and the
securities OF the oregon Railway and
Navigation Company out from the treas
ury OF the Union Pacific Railroad Com
pany and pledged them as security for
an issue OF bonds. and got the money for
them, and they took that money and APP
piled IL to the management and the
financing Of this Northern Pacific stock.
which thereafter became Northern Secu-
rites stock. and then again Northern
Pacific and Great Northern. Great North
ern ore, and that in the end was sold
out at a most enormous profit. and the
proceeds OF that were then used to buy
from Kuhn, Loeb & Co. In one day $780,
000. 900 OF securities. which the testl-
mony before the Interstate Commerce
Commission has strongly tended to show
they bought from themselves"
Cravath Quickly Replies.
Immediately after Lamar had finished
his remarkable statement Paul d. Cra-
vath. Of counsel for the Union Pacific
Railroad. put in this reply:
I'm view of the statement regarding
the account of the Union Pacific Railroad
Company which David Lamar has gone
out OF his way to make before this COM
mittee. and inasmuch as persons not IA
miliar with David Lamars character
who may read this statement in the
newspapers may be misled thereby,
deem II my duty to make the following
statement for the records of the COM
mittee:
For several days persons connected
with the Union Pacific Railroad Com
pany have been informed that an effort
was being made to circulate and secure
publication in the newspaper OF a bear
attack, In the form OF a prepared story
about an alleged falsifcation OF the ac-
counts OF the Union Pacific company, in
volving $4,000, 900 or $4,000, 900 of its
surplus.
I'VE were Informed in substance that
this story was so palpably false and
scandalous. and so plainly offered for
an improper purpose, that the newspapers
would not publish IT. Information then
came that the story would soon be made
public in such a way that the newspa-
| pers would have TO publish II.
1T now appears that the medium for
tho publication of this story was to be
this man David Lamar, who has con-
| fessed himself to be tina most uncon-
| scionable OF liars of modern times"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
Lectured Ledyard.

Lamar set the committee into laughter
with his story of how he impersonated
Palmer. lectured Ledyard because he did
not go TO church and told what remark
able things Lauterbach could do at Wash
ington for the Morgan firm.
II told him that the defiant attitude OF
the Morgan firm toward the Democratic
administration IN Congress had much 10
do with the decline in the value OF Nor
gan securities" continued Lamar. Il
called attention 10 the money trust and
other Investigations. and urged Mr.. Led
yard to employ Larterbach."
you were trying to convince Ledyard
that Lauterbach was a sort OF John the
Baptist for the Morgan firm?" suggested
Senator Nelson.
That's It exactly" returned Lamar.
Then / called up Mr.. Palmers office In
Washington" said Lamar. with a smile.
land found he would be in Bethlehem
the next Sunday Then called Mr.. Led
yard and told him to call Palmer there.
had done all I wanted to--got an inter
view for Lauterbach with Ledyard. and ]
didn't want Mr. Palmer injured. l wanted
to clear the atmosphere and prevent a
possible scandal for Palmer"
The deception was revealed to Palmer
and Ledyard that Sunday.
Senator Overman insisted on knowing
II Lamar ever impersonated any other
Representatives.
"oh. Lord may have" calculated
Lamar.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
Alleges Duplication.

ION the debit side appeared the amount
Of securities issued and debt assumed
against the acquisition OF those proper
ties
ION the asset side there appeared a
credit equal to the entry value OF all the
physical properties so acquired. and then
again there appeared a duplication OF
that. The same amount was entered over
again as representing the value OF the
securities, which, In turn. represented the
value OF the physical properties acquired.
1.-THE sum OF $50, 100000. or It's equiva-
lent. was entered twice on the asset side.
But UP 10 that time the transaction was
open only TO the objection and criticism
that IL represented piece OF clumsy
bookkeeping, for again on the debit side
there appeared an entry corresponding,
treating the securities owned by the
Union Pacific Railroad as though they
we're still afloat and In the hands OF the
public but the following year. 1901. some
body erased that entry on the debit side.
80 you had the entry on the one side
Of the amount of securities issued by the
Union Pacific Railroad Company and the
amount OF uept IL ndu dSSuihcu' ItPie-
senting the payment of the purchase
lrice, that on the debit side, and on the
asset side there was represented cor
responding entry. OF an equal amount.
representing the physical value of the
property. And then again the same
entry over again. And that condition
existed as a result OF this forgery. as a
rasult NJ this era sure
And that ss2,000.O00 before it was
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

well. Mr.. Palmer was very much In
the public eye then. as one who would
have great influence at Washington with
the incoming Democratic administration. %
replied Lamar. who added that he did
not know Palmer and had no authority
10 use his name.
Lamar said the late J. P. Morgan's OPP
position 10 Lauterbach caused him TO
telephone Ledyard. using the name Of
Representative Palmer, TO try and win
his confidencc and find out who had os-
TRACKED Lautcrbach.
II found out IT was Ledyard himself"
said Lamar. He added he knew Ledyard
had a stenographer on the line making
a record OF the talk.
Il read everything into 1t I could. -
said Lamar. 81 think offered him the
entire government; may have left the
President out"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

Washington. July David Lamars
statement to-day before the Senate lobby
committee regarding the alleged forgery
OF the $50. 1000. 900 on the Union Pacific
Railroads books in 1901, was substan-
TALLY as follows:
I'm the summer. some time. or l9Ol'
somebody forged the books OF the Union
Pacific Railroad Company to the tune OF
$4,000, 900. Who IL was | don't Know.
As a consequence, the men connected with
.he company Immediately thereafter got
$50. 0O0, 900 In cash as the proceeds or That
forgery. and that $50. 100000 was the full
crum through which all these giant mo-
nopolies and conspiracies were fastened
or the lines OF railroads serving the ter
ritory from the Rocky Mountains 10 the
Gulf of Mexico and from the Pacific
ocean to the Missouri River, and, more
than that. II was the fulcrum through
which this group OF men-Harriman. to
the extent OF s150.0o0.o 900 or 5000, 100000 {;
Kuhn, Loeb & Co, and one or two others.
10 the extent Of $4,000, 900 or 500, 900, 900
more-were enabled TO acquire those
gigantic fortunes
THE first consolidated balance sheet OF
the Union Pacific Railroad Company. as
OF June 80, 1900. contained for the first
time the evidences and results OF what
had been going on from June 80. 1898,
10 June 80. 1900. and this is what had
happened:
"In the reorganization the old Union
Pacific had lost control OF what is known
as the Oregon properties They consist
ed OF the Oregon Railroad and Navigation
Company and the oregon Short Line Rail-
road Company. Between the dates have
mentioned the new company recovered
them and paid for them. first. by an Issue
of its own securities, and second, by an
assumption OF debts Of these companies
and, as I have already said. the CONSOLE
dated balance sheet OF June 30, 1900.
showed for the first time the consolidated
statement of all these companies
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
PASTOR MUSTN'T SHAKE BOYS.

The Rev. DR.. William Carr. pastor Of
the Prospect Avenue Methodist Episcopal
Church, The Bronx. was warned by
Magistrate Levy. in the Morrisania police
court. yesterday, against shaking boys
who tease him. He was summoned on
complaint of Mrs. Bessie Lisky, who said
the minister grasped her boy by the arms
week ago, after he had refused TO rub
off some chalk marks on the stoop OF the
church
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
LEDYARD TELLS OF TALK
HE HAD WITH LAUTERBACH

any pledges of support to Roosevelt or the
| Progressive party should be stated III
| writing, and, If possible, abrogated tha'
no campaign contributions be made 70
the Democrats, Republicans or Progress
sives. and that the Morgan and steel III
terests should lend their support by get
ting the support of Southern Senators on
questions relating to the tariff, taxation
and universal peace.
"Lauterbaeh finally said to me-" con-
tinued Mr. Ledyard, 81 come mere oy
the authority of Speaker Clark, and nave
made all these suggestions by his author
ity.'
".Have you seen Speaker Clark per-
sonally and received such instruction
asked.
mo. | have not seen him personally
said Lauterbach.
".Then. how do you know that you
speak by his authority
81 received my instructions TO come
and see you and make these Suggestions
from Senator stone said Lauterbach'
"'Did you. see Senator Stone personally
and aid he make these suggestions
~ did see him and he said that he
acted for Speaker Clark, said Lauter-
bach.
"'How do YOU know that Senator Stone
could speak for Mr. Clark asked.
"'There have been a number OF occa-
sions before when Senator Stone mas
said that he acted for Speaker clark ana
/ have found out ne did Lauterbach re-
piled"
Declared Clark Knew.
Mr.. Ledyard said he asked LauterDach
IL the Speaker knew that the interVle"
then under way was TO occur. and tnat
Lauterbach replied that Clark Kne"
some interview has been arranged TOT
Would Speaker Clark verify THAR
asked him" said Ledyard.
HE would said Lauterbach.
Mr.. Ledyard said he suggested the Wis
dom 10 going to Speaker Clark for con-
firmation Of the arrangements. Lauter-
bach offered no opposition. he said ana
urged him to do so IL he wanted to.
Senator Stone. of Missouri. entered the
committee room before Mr.. Ledyard left
the stand, having been Informed OF the
statements in which his name had been
mentioned. Mr.. Ledyard repeated for him
the alleged statements Of Lauterbach'
that Stone had instructed him to 90 10
the Morgan interests and the steel IN
terests in behalf OF Speaker Clark and
make certain proposals, and the Senator
at once took the witness stand
Il swear without any sort or qualinca-
ton" Senator Stone declared, that the
statement by Lauterbach is absolutely
fabrication. I made no such statement
to him or TO any other human being.
never talked with Speaker Clark upon
any subject alluded to. The arrangement
for the taking OF testimony OF Rookie
Teller at Jekyl Island-my only informa-
ton on that came from the newspapers
The whole thing is complete fabrica-
ton"
Just a Plain, Common le,"
1T is only fair to say that every one
in this room who heard the story be-
lieyed It was a fabrication" said Senator
Walsh. "Mr. Ledyard also believes that
1T is just a plain. common lie from
start TO hnish," declared Mr.. Stone. II
think the man who makes such state
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

others. as he has testified. I had aoso-
lutely nothing to do with 1t.
Lamar went into other matters on the
witness stand which know nothing ABOUT
and gave his reasons for so doing. IL Is
a pretty serious matter to insinuate that
6. man is guilty of blackmail without any
foundation for the accusation in fact
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

Railroad and Navigation Company securt-
ties owned by the Oregon Short Linz
This is to say that the consolidated bal-
ance sheet contained all of The physical
assets of the Oregon Railroad and Navi.
cation Company and counted as ass.ts
besides the s32,O73,e5s OF its securities
owned jointly by the Union Pacific ana
Oregon Short Line. This obviously vas
a duplication of assets.
Likewise all Of the assets OF the ORE.
gon Short Line. including cost OF road
and equipment, bonds and stocks owned
and current accounts, were transferred IN
total to the assets side Of the consolidated
balance sheet and under these there An.
peared also as assets s4s,141,20 securi.
ties of the Oregon Short Line owned BY
the Union Pacific This was further
duplication OF assets Th> whole physical
and other assets of the oregon l:ailroad
and Navigation Company and the Ore
gon Short Line having been taken over
into the consolidated balance sheet and
their earnings having been absorbed into
one income account, their securities could
not properly count as assets again.
up TO this time (June 80, 1900, how
ever. the matter was subject to criticism
only as awkward bookkeeping, inasmuch
as on the other side Of the consolidated
balance sheet, among liabilities, was
shown and counted and acknowledged the
whole funded debt and stock capitalize
ton Of both the Oregon Railroad and
Navigation and the Oregon Short Line
that is. the amount outstanding in the
hands of the public and the amount
owned by the Union Pacific altogether
There was, therefore, duplication Of
liabilities corresponding to the dupllca.
ton Of assets.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
Denounces Dissolution Plan.

The witness turned from his narrative
10 denounce the Union Pacific merger dis
solution plan recently approved by the
federal court at st. Paul. and which was
agreed TO by Attorney General Mercy
nolds and approved by President Wilson
The exchange Of Southern Pacific and
Baltimore & Ohio stock, he characterized
as a farce, and added that Mr.. Mercy
nolds had been "derelict I'm his duty"
Lamar said that his plan was for the
Union Pacific to buy the Central Pacific
with Southern Pacific Stock.
To save New York to the Republicans
while the anthracite strike I'm 1902 was
on Lamar said. he had Lauterbach call
conference between Governor Odell,
Senator Plat. Lauterbach and himself.
with view OF settling the strike. On
his advice. he said. Governor Odell
threatened to call the Legislature to re-
peal charters OF anthracite railroads.
J. Pierpont Morgan soon sent for
Lamar and Lauterbach. the witness said,
for a conference on the Morgan yacht.
Lamar said he did not go. but Mr.. Nor
gan sent word the strike would be called
of.
Cravath demanded TO know where
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

seen the Union Pacific books, and that
the first suggestion OF the matter came
from Thomas Gibson. financial writer
In New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

Lamar got his information about the
alleged Union Pacific forgery. Lamar re-
Piled he did not secure full Information
until recently. He said he had never
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03
Gust a Plain, Common Lie

1T is only fair to say that every one
in this room who heard the story be-
lieyed It was a fabrication" said Senator
Walsh. MIR. Ledyard also believes that
1T is just a plain. common lie from
start to finish" declared Mr. Stone. Il
think the man who makes such state
ment as that ought to be sent TO the PEN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-03

Washington be persuaded not to wreaH
vengeance on the company through the
enactment Of hostile legislation.
In doing these things Lamar repre-
scented himself. or Lauterbach. as being
able to pull the wires in Washington
to obviate the difficulties that confront
ed all the financial and commercial in
terests. Lauterbach was represented as
being authorized to deliver the ultima
tum Of the controlling leaders in the
House by Senator Stone on behalf OF
Speaker Clark Lauterbach himself
Mr.. Ledyard testified. said that he was
an emissary authorized by Senator
Stone.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-06-13
Most Children Have Worms

Many mothers think their children
are suffering firm Indigestion. head
ache, nervous. weakness, costiveness.
when they are victims of that most
common of all children's ailments -.
worms. Peevioe ill-tempered. fretful
children, who toss anu grind their
teeth, with bad breath and colicky
pains, have all the symptoms of hav-
ing worms, and should be given Kick
apoo Worm Killer, pleasant candy
lozengc, which eXpels worms, regula-
ties the bowels, tons up the system,
makes children well and happy. Kick
apoo Worm Killer is guaranteed. All
druggists, or by mail Price Doe.
Kickapoo Indian Medicine CO.. Phia-
delphia and ST Louis.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-06-13
Remains Brought Home.

The remains of Light Horse
Harry" Lee now lie beside those
of his distinguished son, Robert
e. Lee, in the mausoleum in the
basement of the chapel at the
Washington and Lee University.
They were brought from Dunge-
ness, Cumberland Island, Ga,
and Friday afternoon, with sim
pie ceremony, deposited in their
final resting place.
1t is rare to find in history
father and son, so distinguished
and so enshrined in the hearts
of the people.
Henry Lee, who, by his dash
ing bravery and military spirit,
won the impcrishable name of
Light Horse Harry" was the
beau ideal of a splendid cavalry
leader, and bore a part in the
Revolution only second to his
great leader, George ashintgon.
He was graduate of Princeton
and to his graceful mind is due
the sentiment contributed to a
memorial occasion following the
death of Washington, First in
war, first in peace and first in
the hearts of his country men,"
1t is a pathetic fact that follow
ing his dashing and valuable
services to the new America his
health gave way and made him
an exile for a time in the West
Indies.
While on his return to the
States he stoppe dover at Cum
berland Island, and there died
1t was in the fulfllment of ;
purpose of the Virginia Legis
lature, a purpose interrupted by
the opening of hostilities be
tween the sections, which
caused the removal of his re-
mains to Virginia after laps,
of nearly a century.
1t is peculiarly appropriate
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-06-13
Chill dren Cry
FOR FLETCHER'S
Q a 8 7 O RIA
Denies Taking Funds.

In Jail at Abingdon the Rev.
Joseph Ovens confesses freely
that he stole and eloped with
another preachers's wife, but
denies bitterly the charge that
he stole funds belonging to his
church. Which suggests an in
toresting and complicated ques-
ton. Are there degrees in sin?
Is the violation of one command
ment worse than disregard of
another? If so, is it worse to
abscond with church funds than
to elope with a preachers wife?
Possibly the Rev. Mr.. Owens,
contemplating the Virginia laws,
regulates his conscience by the
statutes and considers that
while stealing property valued
at more than twenty dollars is a
felony, punishable with a peni-
tertiary term, taking another
mans wife is merely q misde-
meanor, involving the compare
lively light affection of a Jail
sentence. "A Wlic Is not prop
crty. In the eyes of the vilely
ungallant law she is of no
pecuniary value, except in case
of personal damage inflicted on
her by a solvent corporation.
Therefore, taking her away,
even with the aid Of hypnotism,
as the lady in this special case
alleges, is not so serious an
oifcnse as leading Off Il valuable
cow, returned for taxation at$6,
but held for sale at $50. But
assuming that Mr.. Owens is
considering the moral aspects of
the case, on what theory or
rules does he confess theft of
the lady while acquitting him
self Of the abduction of the
funds?- Roanoke Times.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-06-13
Wedderburn in the Race.

Another candidate, Alexander
j. Wedderburn, yesterday enter
ed the race for the lieutenant
governorship, opposing The
incumbent, j. Taylor Ellyson,
and Senator Lewis H. Machen.
Mr.. Wedderburn and Senator
Machen are both citizens of
Alexandria, and have been
political opponents for sometime.
Senator Machen entered the race
several days ago. Since Mr..
Wedderburn and Senator
Machem live in the same section
the vote there will be divided,
and Lieutenant Governor Ely
sons cause will be greatly
strengthened.
Unless the unexpected happens
there will be no more candidates
for State office. The entries
close today at 8 p. M. but all
the entries are already listed.
Four of the candidates have
no opposition and are con-
sequently as good as nominated
and elected.
Complete List Of Candidates.
For Governor-H enry c.
Stuart.
For Lieutenant GOVERNOR.
Taylor Ellyson, Lewis H.
Machen, Alexander j. Wedder.
burn.
For Attorney General -Samuer
W. Williams, Floyd w. King, S,
Gordon Cumming, John Garland
Pollard.
For Commissioner of Agri
culture-J. Thompson Brown
G. w. Koiner.
For Secretary of the Common
Wealth.. o. James.
For Superintendent of Public
Instruction--R. c. Stearnes.
For State Treasurer-A. w
Hartman, Jr.
History of Governorship.
The nomination of Henry G
Stuart as the Democratic candi
date for Governor withou
opposition is the first time sucl
nomination has been made sine,
the party primary law went int
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-06-13
ROOsevclt's Libel Suit.

The sudden and unexpected
close of the Roosevelt libel suit
in Il formal retraction by the
defendant and a verdict for
damages in the sum of six cents
leaves cause for perplcXity.
That Mr.. Roosevelt would win
his case was az certain as any
thing in human life can be. The
obscure Michigan newspaper
which has printed that the ex-
President gets drunk, and not
infrequently, as all his intimates
know" was Of course utterly
unable to prove its assertion.
Why, then, was the trial
allowed to go on? The defend
ant, not a rich man, il ill-health
and soon to undergo a surgical
operation, cannot have courted
a fight to a finish. The Michigan
law of libel assumes that a re-
quest for retraction shall be
made before suit is begun; il
bars a plaintiff who has not
made such request from re
ceiving punitive damages. Ycr
Mr.. Roosevelt's counsel, pre-
sumably aware of the Michigan
statutes, did not demand tn,
retraction and apology which
Mr.. Newett must have know
he was bound sooner or latter t,
make. Why in such circum
stances the suit was begun, ant
why it was permitted to run
week, must remain a mystery
However that may be, Mr.