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

900 Union Pacific, he took steps to en-
Join the voting of certain stock so that
e. n. Hartman would be compelled to
buy Keene's stock at higher figure.
With Keene's approval he retained
law firm and paid $25.0OO.
Lauderbach and Lamar came to Wash
ington, paid Foraker fee and engaged
him.
Deal Broke kssns Crowd.
When the injunction was finally de-
cided against Keene, Union Pacific went
down and Keene and his friends lost
most Of their fortunes.
'As q result Of the panic Of 1907"
said Lamar, Hartman, Kuhn. Loeb .
Co., the National City Bank and Nor
gan 4 Co.. Jacog schiff and the Unnion
Pacific officials. I did have conversa-
tions over the telephone with the Union
Pacific officials and others. ana In those
conversations did use the names OF
other perspns, but there was no sug-
sestion Of fec to Mr.. LAuderbach. On
the strength Of these telephone mes
sasss Judge Lovett came here and
charged thAt inward Lauderbach had
tried TO blacknaail him."
pessn't Knew Forasrs.
The Laude.bach incident. he added,
''paled into iIisiehifcanos." !" compared
with an Ss2.0eo,o00 forgery which he
alleged was committed on the Union
Pacific books in 1901.
Il do not know who did It," said La
mar. "the chairman Of the board or the
Office boy. but I do know tais $4,000
900 was the fulcrum which enabled
Hartman ana Kuhn. Loeb 4 Co.. to
gain control OF these corporations"
He described double entry Of $s2.-
100000 representing securities the
Union Pacific assumed In taking over
the OREGON Short Line and the Oregon
Navigation & Railway Company. The
items. he said. were carried in the
Consolidated balance sheet" Of the
Unoin Pacific, June 30, 1900, but be-
tween that time and June 30. 1901, he
alleged, some one had erased the $s2,-
100000 item from one side Of the ledg-
es. leaving 1t as credit balance on the
other side.
Used Money TO Finance Pacific Deal.
.They took all the securities Of the
Oregon Short Line and the Oregon
Railway & Navigation Company" he
said. "and used them az security for
an issue of bonds. They got that
money and used 1t to finance the deal
for the Northern Pacific and Great
Northern transactions and the foata-
tions Of Great Northern ore properties
which they sold out at an enormous
profit"
Later, Lamar alleged, the principals
In the transaction went to Kuhn, Loeb
& Co., and secretly got nearly $780,
900, 900. which he believed was for their
own use.
Admits Representing censressmsn.
Lamar testified he used the name Of
Representative Daniel j. Riordan, Of
New York, telephoning to Chairman
Lovett Of the Union Pacific.
On another occasion. Lamar testified,
he called upon Paul D. Cravath. of
counsel for the Union Pacific, suggest
Ing Lauderbachs would be q valuable
advisor.
On another occasion he talked over
. telephone to Louis cass Ledyard, US
ing Representative Palmer's name, and
with Maxwell Evarts, using Repre-
sentative Riordan's name. In both
conversations he spoke about Lauder
bach's services. T.
lauderbaeh Had "lnflusnes."
Senator Nelson insisted that Lamar
testify explicitly whether he stated in
those conversations that Lauderbach
had Influence in Washington with Of
ficials, senator's or representatives.
Il am inclined to believe that in my
conversation wdthA6r. Ledyard want
very far in that direction on the af-
firm tayA a}fka