Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-07-02

ny LfoHeu wire W AANtotAA hofeA~'l
Washington, July David Lamar,
Wall street operator and onr-time
conhdnnt of Russell sage, James u.
Reene and other financiors. amazed
the sennte lobby COmTittes today hy
smillngly and frankly teFtifving thht
ID was NJ who unprecedented Repre-
sentauyes Palmer and HiOrdan IA
telephone conversations with Lewis
Cass I.edyard, Paul ID. Ctatuth,
Chairman Robert >. Lovett 90 he
Union Pacific board. and otn,r FROM
inent fnancieTs. telling Them met
Edward I.auterbach. New YORK
lawyer. could do great thinss f"r
them In Washington.
Lama also astonished the commit
tee hy making detailed chdfsc ihat
the Union Pacific railroad bO ms mad
been forged In 1891 on ar itein COW
srlng SS2, ,O00. 600 aud tnat ~ orc re-
suit Kuhn, Loeb 4 Co Iipuy and the
late T.. a. Hartman had laid the
foundation OF gigantic fortune.
When Lamar had finished, Paul y
Cravath. counsel Tor the CniDu Pa'i-
nc. put In prepared stnto'nent ia
the committee alleging that Lamar :
charge concerninG the tSs.oo". .poe--
which amount h connected In toe
Union Pacific surplus--was part of "A
bear campaign 60 depress Union Pa"
clnc stock ot which the railroads
officials have had knowledge Tor sew
eral days.
Lamar amused. entertained and
nstounded thc committee as he free
ly testified as to his impersonauon
uf cungrcssmen over tle telephone
lee did it an. hc said 4" impress the
nnnnciers with the abilities ot ms
friend, Edward Lauterbach. hut h,
atoutly denied there WAS ever anN
mention that i.auterhach should
profit by legal fees.
In 1897 Lamar said Russell sag
authorized him to compel the tnior
Pacific to pay the government R'S''
OOO. zoe In bonds owing a. l.amor
with senator Foraker, came t.
Washington and conferred with Pres
ident Mckinley,
we were charged VITA being
unir of consciencrlcss bmckmailers.
Raid Lamar. "hut that had NO cncc
OH US"
When Sage retired from business u
1901. on snge's recommendation. La
mar became associated with jane
Il. Keene. Lamar said he warne'
Kaeno when the lntter was buyinl
Union Pacific stock that the railroa'
would ruin him to get reVeng" 10
I.amar's previous activity Tie de
tnlied how when keene aud his asso
oIntes had &t3.O00,000 IN Union Pa
ciac he took steps to cnioin the vot
ing OF certain stock FO that T.. u
Hartman would bee compelled 10 hu
Keene's stock at q high figure wiz
Keenes approval ne retained l.auter
bachs law firm and paid $4,000
LauterbaCh and Lamar came Z
washington. paid Foraker fee an
engaged him
When the Injunction was hnnll
decided against keene. Union Paciil
stock went down and keene ana hi
friends lost most of their fortunes.
"Aa result of the panic OF 1907,
shld Lamar. Hartman, Kuhn. Loe
a Company. the National city ban
and Morgan A. Company becam
bound together as with an iron ban'
For the purpose of rendering m
friend i.auterbach service ne salt
land 20 restore him 20 his forms
friendly relations with Kuhn, Loe
a Company, Jacob Schin and a.
Union Pacific officials, | did haN
conversations over the telephone vii
the Union Pacific officials and othei
and In those conversations ! did IN
the names OF other persons. ~
therp was no suggestion of fee
MIR. Lauterhach. ON the strength
these telephone messages Judge Lo'
ett came here and charged that ~
ward I.auterbach had tried 10 blacl
mail him"
The Lauterhach incident. he adde
"paied into insignicance' compar'
with q SS2,O0O,0 600 forgery which
alleged was committed on the uni'
Pacific books In 1901,
~ 10 not know who did IT, "a
Lamar, the chairman Of the hoe
Of the office hoy. but I do know N
ts2, ,0OO. 900 was the fulcrum whi'
enabled Hartman and Kuhn, 10
y Company to gain control OF the
corporations.
Ito descrlhed double entry
ssg.O0O.9O0 representing securitl
the Union Pacific assumed la TAXI