New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-30

| his countCnancc, tOoh tho 'Ne"N 70 40
resumption Of the hearing ABOUT iV''V
a. m. e., ,:t, ,,aJo bv
| Nr Fisk were that he ever had Joint
Wall Street account with Secretary
McAdoo and a Senator o.; that he
| mad told Archibald White or any one
I cleo that he controlled McAdoo and
I had offered to call him out OF bed nj
on early morning hour 20 answer tele.
nbone call, and that he had received
snv advance information regarding
President Wilson's recent peace note:
REGARDING the conversation WIN
White described in the Lawson testi-
mony, he said:
81 want to state positively that the
| o,oeting described never took place.
never had conversation with Whlte
during which the name Of Mr.. McAdoo
entered. want to state that most un-
/ equivocally."
Has Few Market Deals
Mr. Fisk was asked as to the dealings
of his firm Harvey Fiske & Sonsl IN
! the stock market. He said that tney
were comparatively small, as the major
! mart of it's business consisted OF over
/ tbe.countery transactions in investment
securities. Such stock market business
as il did was transacted through other
/ 6rme chiefly Foster E. Lounsberry,
sometimes for the account OF Harvey
Fisk & Sons, sometimes for customers.
Mr.. Fisk said that he was closely as
sociated with Mr. McAdoo in the build
| ing of the Hudson tubes, his hrm act.
/ ing as banker fer the construction out
! that he had seen little Of him since
Mr.. McAdoo entered the Cabinet. 49,.
Asked if he had anything to DO with
closing up McAdoo's business afalrs
when the latter assumed ONCE, ne sara
he had; that McAdoo turned over all
! of his securities, largely bank ana
| trust company stock. to Harvey FISK &
! Sons. and on them obtained a loan Of
$4,000. On January IS, 1914, FISK
said. all of the securities having been
disposed of. the debt was liquidated
and the excess collateral turned over
| to McAdoo.
"Have you ever purchased, or caused
TO be purchased, in the last four years
any securities in which Secretary
McAdoo was interested?' Mr.. Whipple
asked.
al have not. sir!" the witness de-
clared with great emphasis.
an the last four years" Mr. Whipple
asked. shave you made any requests
of the Secretary"
81 have not ] have leaned backward
in that respect"
Denies Favors from Treasury
He denied that his firm mad ever re-
ceved from the Treasury Department
"any advantages which any other Wall
Street firm might not have received"
/ But he admitted that the Federal Re-
serve Bank had leased Offices in a
( building owned by his firm after he had
suggested TO Secretary McAdoo that the
Offices were "the best adapted OF any
| i'm the Street"
Mr.. Fisk said that since the leak in
CURRY started Mr. McAdoo once de-
cined to converse with him over
telephone. and again, in Washington
hotel, said publicly that unit, :he in
vestigations were at an end they would
| have no communication with each
other
81 was leaving the New willard Ho-
tel when Mr.. McAdoo came in" he
said. 81 said good morning to him,
and he turned and said TO those about
us, Until this leak inquiry is over Mr.
Fisk and | will have no further COM
munication.'
Prior to that time. Mr. Fisk said, he
/ had not talked with Mr.. McAdoo for
several months. lie added however,
that recently he had members OF his
firm call Mr.. MeAdoo by telephone and
request him to grant an audience TO
an unnamed man who was on his way
to Serbia in the interest of relief
fund.
Mr.. Fisk said that his firm retains
in Washington a newspaper man, John
Boyle, representing "The Wall Street
Journal" TO keep il informed regard
/ ing governmental activities in which II
is interested. lie denied specifically,
however, that his firm had received any
communication from it's Washington
representative between December 10
and December % relative 10 the peace
note.
Thinks Market Drop Natural
F In response to questions from Rep
resentative Bennett, the banker said 1t
was his judgment that the market,
/ prior to the publication of the Presi-
dents note, was in can overbought con-
+ dition, and ready for a violent drop.
} All II wanted was an excuse"
81 never" he declared, talked,
I dreamed Of or imagined r pool for
stock market speculation with Mr..
/ McAdoo or any other government Off
/ clal Our business is not stock gam
bling"
/ II was rather evident that the com
/ mittee. even including its Republican
minority, and its counsel wished TO
make the nervous Mr.. Fisk comfortable
} in q trying position. There was kind
/ ly note in Mr. Whipple's voice and
/ even In the questions asked by Repre-
/ sentatives Campbell, Bennett and Chip
] 0rgnlI L. IL
/ they wished him 10 make a favorable
/ showing. At the close of his exami-
! nation Representative Henry. the chair
man, asked him If he cared to make
voluntary statement of any kind.
only this he said "That state
ment which Mr.. Lawson made to your
/ committee IN Washington about the
/ supposed interview which / had with
/ Mr.. White, saying that | had Mr.. Nc
/ Adoo at my beck and call. and which
3 has been spread broadcast through the
country. rejecting upon the reputation
/ Of an old-establshed house and upon
, its senior partner, is outrageous and
absolutely without fact. | think that
9 Mr. Lawson should be taken at his
word. and put behind the bars for
perjury for tampering with the name
| of a reputable citizen. When | first
heard what he said. ! made state
ment that ] thought it was the product
| Of disordered brain. If this is the
I case, ! am confident that the good
/ Lord can be trusted to take care of it
/ IN His own way"
Chairman Henry announced last
night that the committee would recon
I vene at 10 o'clock to-day at the Custom
I House, despite previous announce
mont that II would meet i'm City Hall.