Grand Forks herald., 1917-01-24
EVERY TRANSACTION
DURING ALLEGED LEAK
PERIOD TO Be SHOWN
Illinois Senator Does Not
Like Manner Whipple
Uses in Questioning.
STREET GIVES THE
COMMITTEE SURPRISE
Told Them Data Could Not
be Ready in Less Than
Two Weeks. 4

be Ready in Less Than
Two Weeks. 4
ADJOURN HEARING.
New York. Jan. 2A.-The house
rules committee In executive seasion
today decided to adjourn indefinite.
ly Its New York hearing ON the
"leak" investigation. Members OF
the committee will meet In WaSh.
tngton later this week to decide
when they shall resume the hear.
tngs here.
Announcement Of this plan camo
whilc the committee was trying to
agree with representatives. Of the
stock exchange ON now request
for submission OF records TO the
committee.
New York: Jan. 34-rhe members
OF the New York stock exchange have
now been requested by their board
OF governors to make available for
the examination Of the rules commits
tee Of the house tho record Of their
transactions during the period whom
wall street 10 supposed to have re-
ceived advance information on the
presidents peace note. are not ex-
pected by the board Of governors to
withhold the information. This as
surance was given to the COMMITTEES
by President H. Noble Of the exchange
at the resumption Of the leak" in.
quiry here today.
Mr.. Noble appeared to inform the
committee Of the adoption last night
OF the resolutions of the board re-
Suesting tho 500 or so brokerage
for submission to the rules commit
tees experts. who will examine them
to learn the identity Of the operators
who were dealing heavily on the
short" side Of the stock market
prior to the publication Of the peace
note.
sherman l. -.whipple. counsel. for
Outset how soon the first responses
might be expected. Mr.. Noble said
copies Of the resolutions had been
sent the members this forenoon and
that some replies probably could be
expected by tomorrow or the day
after.
The attorney then resumed his ex-
methods, particularly about short"
sales. Noble obtained permission to
have his counsel and H. K. Pomeroy,
chairman OF tho stock list commit
tee, at his side.
Chiperheld Enlivens Session.
Representative Chiperfsld Of I'LL
nots, whose clashes with Thomas w.
lawson enlivened the hearings in
Washington. injected some pyrotech-
mics into the inquiry today by criti-
cising Whipple's methods Of examin-
ing Noble and declaring that he would
have moro to say in the future as 'an
individual member of the committee
without regard to counsel or commit.
tee.
During whipple's examination Of
Noble regarding the retiring Of Sc
curities from the market, attorney
and witness failed to agree on inter-
probation Of a pool" whipple then
asked Noble II he had not had one
started to reply, whom Chiperneld, in
q loud voice. interrupted.
thing the statement Of the witness
ought to be impugned."
III I impugned the statement Of
the witness l certainly did not intend
to-" Whipple said. .,.
Chairman Henry explained that he
did not think Mr.. Whipple intended
to impugn the statement of tho wit.
ness.
Mr.. whipple responded that Il It
was thought that no had impugned
Mr.: Noble he would apologize.
Il want to say that. l.. for ono. am
impressed with the spirit Of co-opera-
ton Of these gentlemen" was Clipper
fields closing comment.
Whipple then said he did. not do.
sire to examine the witness further.
Most Of the direct testimony Of Mr..
Noble was in regard to securities
withdrawn from the list. He said
that stock in which there 10 little
dealing because Of its scarrity on the
market is usually withdrawn. Hs
also admitted that short dealing in
narrowly held stock was dangerous
because Of the inability Of specula-
tors to borrow it.
Samuel F. Streit, chairman Of tho
stock exchange clearing house, was
then recalled and examined on tho
details of the exchange machinery.
Streit Surprises Committee.
To the surprise Of the committee,
Streit, contrary to the opinion Rtyen
by President Noble that the frst re-
sponses from the brokerage houses
might be expected in 4 day or two.
declared that the data could not be
furnished inside Of two weeks and
that some of the larger houses could
not do 1t in month. Tho members
promptly put the witness through an
examination to find out why.
Streit said there wore not enough
expert accountants in the city TO ret
the information from every house in
!. Whipple finally got him 70 conceds
that some Of the Information wanted
could be produced moro quickly.
Gives Details Of Opesn&acn.
streit. then. placed bsfors the com.
mittee copies OF clearins house
sheet, showing the transactions of an
unnamed flrm on Docamhoe n owe