Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-07-02

Washington, July David Lamar
Wall street operator an at one time
confidante Of Russell Sage, James R
keene and other f1nanciers. amazed the
senate lobby committee today by smil-
ingly and frankly testifying hat it
was he who impersonated Representa-
tives Palmer and Riordan in telephone
conversations with Louis Cass Ledyard,
Paul d. Cravath. Chairman Robert s.
Lovett, Of tho Union Pacific board, and
prominent hnanciers, telling them that
Edward Lauderbach. a New York law
yer. could do great things for them in
Washington.
Lamar also made detaile charge
that the Union Pacific railroad books
had been forged in 1901 and 1902 on
an item covering $4,000. 900. and that
as ono result Kuhn. Loeb q Co.. ana
the late =. H. Hartman had laid the
foundations OF a.gigantic fortune. When
Lamar had finished Paul D. Cravath.
Of counsel for tho Union Pacific. put In
. prepared statement to the committee
alleging that Lamar'S charge concern
Ing The 1s1Ao1s 1soeo- which amount n
-connecteds with the Union Pacific sur
plus-was part Of bear campaign to
depress Union Pacific stock. Of which
the railroad officials have had knowl-
edge for several days.
Lamar amused. entertained and
astounded the committee as he freely
testified. a. to his empersonation Of
congressman over. the telephone. He
did 1t all, he said. to impress the hnan-
ciers with the abilities Of his friend.
Edward Lauderbach. but he stoutly de-
MED there was every any mention that
Lauderbach should proflt by legal fees.
Washington. July 2-David Lamar.
q Wall street operator. testified today
before the senate lobby committee that
he was the man mentioned in the tes-
timony OF Chairman Lovett as having
been called by Wall street financiers
on the telephone and Of having i'm
personated congressman.
Lamar diverted from his narrative
to denounce the Union Pacific merger
plan recently approved by the federal
court at st. Paul. agreed to by Attor-
ney General McReynolds and approved
by president Wilson. The exchange Of
Southern Pacific and Baltimore & Ohio
stocks he characterized as farce. and
added that Mr.. McReynolds had been
"derelict In his duty"
Lamar said that his plan was for
the Union Pacific to buy the Central
Pacific with Central Pacific stock.
senator Cummins questioned Lamar
sharply and in the exchange the wit
ness testified that he was Methodist
and that Lamar was not his original
name. He declined to give that.
Story of tFs Forgery.
~ have had several Names. he said.
1amar.s statement today before the
senate lobby committee regarding the
.1iered forgery Of Ss2.ooo,o0o on the
Union Pacific railroad books IN 1so2
was substantially as follows:
.sIn tho summer some time OF iso1'
somebody forged the books OF the I'm
ton Pacific Railroad Company to the
time Of 3s2. 100000. Who It was don't
know. A. . consequence the men con
rected with the company immediateiy
4hereafter got 3S2,oo0.000 IN cash AZ
TIA proceeds Of that forgery and that
sa4 600 900 was tho fulcrum thru wnicn
Z, thsse siant monopolies and con-
...-ecses were fastened on tho lines OF
-silrnads serving the territory from the
pcc,rv mountains to the guli OF aeA-
80 from the Pacific ocean to the MIS-
-.s,rs -. river. and more than that IL was
s -. r,,icrnm. thru which this sroup OF
,.,sn-Iiarriman to the extent OF sioo.-
ooo @ 600. or s2oo. 100000. Kuhn. LoeD =
Sys's =" ard one or two others to the ex-
-. of sbo.0oo, 900 or 31oo.ooo.ooo OF
s-ns -era enabled to acquire those
.ieantic fortunes. go
sR Russs.I sage Takes Hand.
~ 1as7. Lamar said, Russeh ease
Z. ..,.torixed s. him TO compel the onaon me
.as,1c q nav the government $bS.0oo.-
40 a bonds owing It. Lamar: wiIn
~"n.tor eSv Foraker, came to Wasnington
"a 80 conferred with President Mckinley.
80 I've were charged with being : pal.
co,scienceless blackn:ailers" said I!
= I.mar. .but that had no effect on ~.
Whea sage retired from business ~
.sss al aa9s.s Recommendation LemaF
a,ecsme, -. associated with Richard =
wssne. \. Lamar said he warned keene
s-nen tha latter was buying Union r.
cinc stoek that the railroad would rum
S.s.s C: lesnare previ-
:sss' s:s..s = sStSSifSs 10 detailed how when
- ~ associates had sss'sss.-