Grand Forks herald., 1917-01-06
Charged Today that Broker
Sent Out News of Note
Before it was Released
LAWSON SAID TO
BE BENEFICIARY
Representative Chiperfeld
Charges Him With Max
ing Big Profits.

nearing on Representative W0odG
resolution for Investigation Of wheth-
er there was stock market leak on
President Wilson's peace note. the
trend turned to investigation Of Wall
Street ticker services which supply
news tips" to brokerage houses.
Seven Wcre Summoned.
Seven men employed by the Wan
Street Journal and Central News Of
merica, which furnishes services to
another Wall Street paper, Financial
America, were subpoenaed and order.
ed to bring thet--rscords with them.
Managers Of the two telegraph com.
panies also were subpoenaed to bring
all dispatches sent to the two papers
by their Washington correspondents
on December 20, the day Of the mar.
ket crash.
Representative Harrison, Democrat.
of the COMMITTEES. declared he be-
lieved the so-called leak was through
the representatives Of those two pub.
lications. who, with several newspa.
per men, had been informed conf.
dentially by Secretary ansins that
morning that a note had been dis
patched to Europe. Mr.. Lansing.
however. declared at that time that
the note did not concern peace and
would not discuss its contents.
=. Note Forecast In Record.
chusstts, put into the record today a
dispatch sent out over the Dow, Jones
4 Coz ticker forecaeting peace note.
tan hours before the note was pub
lished. He declared that records Of
| stock market fluctuations at the same
time when compared with the ticker
dispatches would prove there was a
leak.
Mr.. Gardner said he placed both
Tumulty entirely above suspicion.
Lansing to Appear.
Mr.. Lansing will appear before the
committee Monday without subpoena.
Mr.. Tunlulty will also appear vol
UNFAIRLY.
Washington. Jan. 6.-Subpoenaes
for seven men were ordered issued
today by the house rules committee
at the outset of today's session Of the
leak" investigation.
The men to be called are John
Boyle and Henry E. EAnd of the
Wall street Journal, and W. A. Craw-
ford, Ernst A. Knorr, Jr.. A. L. Gel-
ger, Nelson NJ. Sheppard. A. NJ:
News of America. a news service
which supplies information to Finan-
cial America, Wall street news.
paper.
The heads of the bureaus also were
requested to bring the ticker tapes Of
their services from 10 a. m. through.
out the day Of Dec. 30, 1916.
The committee wants to learn what
time the Central News and Wall
Street Journal bureaus made public
the fact that note was Forthcoming
from the president.
A motion by Representative Camp.
bell, Republican, to have the New
York and Chicago stock exchanges
notify all their members to preserve
all their sale slips from December 10
to December was adopted.
Announcement was made by Chair.
man Henry that Bernard NJ. Baruch,
who is declared by the mysterious
"A: Curtis to have profited by the SO.
called leak, and Otto H. Kahn, OF
Kuhn. Loeb & Co.. whom Representa-
tive Wood suggested should be called,
Will be here Monday to testify.
Dispatch Gives Tip.
Representative Gardner testined
that he was convinced there had been
leak" because at 2:05 D. m. De-
cember 20. ten hours before the peace
note was released for publication and
four hours before 1t had been placed
IN tno n6noS OF the news agencies the
following dispatch was sent out over
the Dow, Jones & Co., ticker:
'"The renewed selling OF the mar.
ket Is due to reports %receAved by
brokers private wires from Washing.
ton to the effect that the ailministra.
ton VIII, In the near future, address
to the belligerents some suggestions
or proposals. in regard to peace.
Nothing definite h obtainablo In ad.
ministrntion circ3es."
There is your proof Of a leak"
said Mr.. Gardner. Miracles don't 20
on the stock exchange and Dow,
Jones & Co. don't deal in prophecies
Mr.. Gardner added that his attor-
ney would be here next week and by
submitting figures to show tho fluetua-
tons on the stock exchange on De-
cember 20. convince the COMMITTEES
that there had been q leak.
Gardner also said that while the
Wall Street Journal on. December 90;
stated: There will be no peace man
festo Issued by President Wilson" the
New York Evening Sun on that date
reported rumors ana hints Of the
sending OF such note In the follow
ing terms: III -iI .ss' t3 II
The Warrington advicss were
Deafien. thess saying that Prssidsnt
wilson may address foreign porsfsi
on the peace propoAls.' = Y. 81 h II
tcontinusd on Pase IS I!