The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-01-18
LEAK INQUIRY IS HALTED
while COMMITTEE SEEKS,
TO HIRE LEGAL COUNSEL

| government are not betraying their
trust, or if they are, that they shall
be punished
Representative Moore of Pennsyl-
vania, suggested that Charles F.
Hughes might be worthy Of consider
alton as counsel.
who is he?" asked several mem
bers of the majority side of the
| House.
Representative Howard had this to
say Of Untemeyer:
Il have seen a statement in the
morning press to the effect that a
certain eminent and prominent New
| York attorney is to be employed.
| Without and reflection on anybody,
and although he may be the most
| expert man in the United States to
investigate certain phases of the New
| York Stock exchange, I want to say
| in my individual capacity as represen-
tative that that mans services are not
satisfactory to me.
Criticises Untermeyer
II say on my own responsibility that
| the services of Samuel Untermeyer are
| not satisfactory to 80 per cent. of my
| associates. Here it is being heralded
1TOul one emu OIL lIlS COuuIIy ~ LA0
| other that Mr.. Lawson, the man who
has drawn the attention of the coun-
try to what I believe to be myth, on
the train coming from New York had
practically agreed ito. the employ
ment of Mr. Untermeyer to investigate
To investigate who? Lawsons side
OF it, OF the side of truth and veracity
and honesty in public affairs of this
country?"
Representative Moore suggested
that Mr.. Howard also comment ON the
suggestion that Mr.. Hughes be en-
ployed by the committee.
4 have been taught by my mother
ito speak respectfully of the. Dead"
replied Mr. Howard, and the House
roared.
Representative Focht urged that
the matter be dropped entirely.
"This is the most colossal farce, and
we are being imposed on as no legis-
lative body ever has been anywhere
on EARTH" said he. 81 do not believe
that any sensible man believed that
either Mr.. Henry, or any member or
the Cabinent, is guilty of any wrong.
I understand that this investigation is
based on a so-called leak. What leak?
A leak that the President was in favor
of peace How absurd to any one
who knows the ROSTERS Of Wall street
Calls 1t a Farce
1.-THE market breaks only when it is
rugged to break. It breaks only when
the country suckers are on board long,
and then Wall street waits for an OPP
portunity. When the market goes up
it is when the country suckers are
short, and they are given the squeeze.
"The one thing that convinces me
that the whole thing is farce and
that we ought to wash our hands OF
the amendment is the fact that around
Wall street Mr.. Lawson is regarded as
a tout and counterfeit, and because
it is alleged that somebody outside
made some money. Wall street never
allows anybody outside to make any
Chairman Fitzgerald Of the Appro- |
priations Committee said it would be
useless to employ an incompetent
lawyer.
1--WE should not Maggie over the cost
or price," said he, III we are going
into this thing. A good lawyer will
cost money, and IL we go into the
market Tor a cheap anu AuCOIupSISHs
one we might as well stop now"
Representative Caldwell pointed out |
that a thorough investigation would !
coset at least $3.50, 900. "The New York |
Stock Exchange" he said, has LOO |
members. My own personal expert
ence had shown me that the examina-
ton of a single stock roker's accounts
will require the services Of an expert
accountant, taking one, two, or three (
weeks.
eff we are to undertake this inves-
tigation in the manner that Mr.. Law
son asks we should have "a corps Of
|, 900 expert accountants, and to finish |
it in 30 days would probably cost
s250, 000"
An appropriation Of $4,000 was
asked for by Representative Emerson
Of Ohio to pay the expenses of a spe-
cial Congressional committee to in
vestigate the New York Stock Ex-
change and Wall street. The resolu-
ton calls for the appointing Of a COM
nittee of eight, four from the House
and four from the Senate, equally d.
vided in politics, to report to Con-
gress within four months after it is
appointed.