The daily banner. (Cambridge, Md.) 1897-2008, 1913-07-03
LAMAR POSED
As CONCRESSMEN
Tells PrObers He Impersonated
Palmer and RiOrddn.
CHARGES BIG FORGERY
Wall Street Operator Alleges $82.ooO,'
900 Item In Union Pacific Book Was
False, Giving Fortune to Bankers.

Washington, July 3.-David Lamar
Wall street operator and one-tlme
confidante of Russell Sage, James h
Keene and other fnanciers, amazed
the senate lobby committee by smlt
ingly and frankly testifying that 1t
was he who impersonated Representa-
tives Palmer and Riordan in telephone
conversations with Lewis Cass Led
yard, Paul D. Cravath, Chairman Rob
ert S. Lovett. of the Union PACING
board and other prominent financlers
telling them that Edward Lauterbach
q New York lawyer, could do great
things for them in Washington.
Lamar also astonished the commit
tee by making a detailed charge that
the Union Pacific railroads books had
been forged in 1901 on an item cover
ing So 1000. 900, and that as one result
Kuhn, Loeb & Co. and the late E. II
Hartman had laid the foundations oi
gigantic fortunes.
Yes, used the name of Represen
tative Riodran," said Lamar, in at
tempting to get into telephone com
munication with Judge Eovett. - The
Judge was not there and SO | did moi
talk with him. But | left message
with his secretary to the effect that
Congressman Riordan, of New York
thought that Lauterbach could be OF
very considerable service to the Union
Pacific in settling the suits CROWNS
out of the dissolution of the Union
Pacific and Southern Pacific | stated
however that I.auterbach did not
want money; he simply wanted to of
fer his service as friend.
Lamar denied that he had ever
threatened anybody or that he had
tried to bride those with whom he
talked when impersonating a national
legislator He said he tried to gel
Lauterbach retained as a Union Pa
cific attorney because he was sorry
for Lauterbach on account of the en-
nifty borne him by Kuhn, Loeb & Co
and by Mortimer Schiff.
The Lauterbach incident" he said.
"paled into insignificance" compared
with a $S2,00O,O0O forgery which he
Pacific's books in 1901.
81 don't know who did it, said La
mar, 1.-The chairman of the board OF
the Office, but | do know this So,
900 was the fulcrum which enabled
Hartman and Kuhn, Loeb & Co. tC
gain control of these great corpora
TONS"
He described a double entry" OF
$82,000,000 representing securities the
Union Pacific assumed in taking over
the Oregon Short Line and the Ore
gon Railway and Navigation. The
items, he said, were carried in the
consolidated balance sheet of the
Union Pacific June 80, 1900, but be
fweGR that time and June 80, 1901. he
alleged. some one had erased the $S2,
COZ. 900 item from one side OF the led
ger, leaving it as a credit balance on
the other side.'
Lamar alleged that the principals
in the transaction went to Kuhn, Loci
& Co. and secretly got nearly 5000,
100000, which he believed was fol-
their own use.
On another occasion, Lamar testi
fed, he talked over the telephone &c
Lewis Cass Ledyard, using Represen-
tative Palmer's name, and with Max,
well Evarts, using Representative
Riordan's name. In both conversations
he spoke about Lauterbach's services.
Senator Nelson insisted that Lamar
testify explicitly whether he stated IL
those conversations that Lauterbacf
had influence in Washington with OF
ficials, senators or representatives.
II am inclined to believe that in
NV conversation with Mr. Ledyard !