The Birmingham age-herald., 1913-07-09
Gives Committee a Glance at
Wall Street Through His
Own Spectacles in His
Characteristic Way
MERE PLAYING
WALL STREET GAME
DECLARES WITNESS
Lobby Committee Taken Completely
Into Confidence Of Wall Street
Dealer-Accepted No Con-
sideration Whatever

Washington, July s-The Senate lobby
Wall street today through the spectacles
OF David Lamar. The dapper operator
on the bear side. who admits that he
banded about in the market place the
names of men high In Congress, took the
committee completely into his confidence.
For all the Vaccinations he contrived
there were after all, he swore, but two
reasons He wished to cause an Eek
plosion." which would bring the Wall
street men whom he felt We're antagonis-
tic to him into the open and he wished
TO insure the re-employment of Edward
Lauterbach. his lawyer friend, who had
fallen into disfavor with the mighty Of
the street
Although the committee tried TO develop
that there might have been some other
consideration involved, Lamar denied such
an allegation as often as it was made
He was on the stand for several hours
and although five senators welded the
scalple at various times, they uncovered
nothing that Lamar did not wish to re-
veal. Time after time he seemed to be
on the verge of some admission, to which
patient questioning had brought him, but
he veered away and no persuasive or
iawyer-like threatening could bring him
back again.
Playing Wall Street Game
lie was only playing Wall street game
he said, when he made such frequent
use of the telephone and talked about
what might be done IN Washington
through prominent members of Congress.
It was the game he had known most OF
the % years he had neen in the street. he
said. but he was through with IT no~.
lie was sorry for the publicity that had
been given TO the reports of influence
in Congress, but except for that he
thought the end justified the means. The
explosion had occurred. he added, and
his enemies had been dragged into the
open to prove charges circulated for many
years in the financial district against
himself and Lauterbach He summed up
his whole story in a few words when he
said:
1T was the Wall street game I was
playing. In Wall street you don't act like
YOU do on a New Jersey farm
Later he added bitterly. IT am the only
villain In Wall street. All the others are
acfuated by the highest motives and pos
sess the highest IDEALS
Lamar took the stand at his own re-
quest to make statement.
Taking up the recital of the motives
back of his relations with, Edward Lau
terbaeh he stated:
II realize perfectly that my life and
character are ON trial. he said.
He argued that his testimony and Lau-
terbach's had shown they were not en-
gagged in any effort to get money from
j. Pierpont Morgan & Co. or other in
terests.
an tell you what my motive was,
continued Lamar TT was either to force
these men to recognize the injustice of
their attitude toward Lauterbach and my
self or force them to come out into the
open with the charges of blackmail they
had circulated in New York for years
against both of us. Ledyard and his as
sistarts had ruined many men. / was
determined they should not ruin me-"
Trying To Trip Him
Mr. Lamar said he knew Lewis Cass
Ledyard was trying to trip him when
he began telephoning in the name OF
Representative Palmer and then he deter
mined to fix up game on Ledyard to
force the financial people into the open
space. Frequently the voice of Lamar
shook with apparent emotion. The choice
=
various Wall street men led senators to
Interrupt his statement frequently. When
ever the committee disproved of some-
thing he said, Lamar Immediately agreed
with the objector. to the amusement of
the audience In afterward explaining. The
committee decided to hold Lamar strictly
to their questions. He testified he had
told Lauterbach that Senator Stone had
authorized him to make certain repre-
sentations to the Morgan firm and had
told Lauterbach that Senator Stone said
he represented Speaker Clark Lauterbach
had testified previously that all his infor-
nation about Senator Stone and Speaker
Clark came from Lamar
Lamar testified that his charges of an
$S2,00O00O forgery on the Union Pacific
books, emphatically denied by lawyers
for the company at the time he made
them, were founded on statistics from
4 manuel and Thomas Gibson. New
York financial writer
He had discussed with Lauterbach
making the charges public before the lob
by committee.
Witness testified also of impersonating
Chairman McCombs of the democratic
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