The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-01-24
STREET MAD AS
LIGHT Is TURNED ON
tContinued tIom page l..

(SOuLluUSV 1oN pAkO AsS
to Wall street pools. He and whippls
seemed not to understand each other,
when suddenly Chiperfield objected
to "impugning' the statements of
witnesses. Whipple replied he had
no idea OF fmpugning Mobiles re-
marks. Chiperfield wanted his OBJ
lection in the record "as the basis
for remarks ! may wish to make
later"
Whipple held that he had merely
desired to clear up slight variances
in the testimony and committee
members agreed with him that there
had been no intent to "fmpugn"
Mobiles statements.
AT the opening Of the morning
hearing President Noble OF the New
York stock exchange, served formal
notice OF what he bad previously In
formally communicated-the COVE
nor's vote. Noble thought that the
first responses could be expected by
tomorrow and he said he had mo
reason to believe members would
balk at meeting the request
He was questioned further about
technicalities of the market, AttOr-
ney Whipple again developing what
garding short selling and listing.
Mobiles testimony was devoted to
the question of retirement of stocks
from the exchange list. He explained
retirements were due to narrow hold
ings-virtual disappearance of the
stocks from the exchange-which
might leave short" In a corner
when he wanted to cover.
Whipple tried to develop that mar
row holdings, such as Noble men
toned. constitute a pool. Noble
thought to show that this was not
pool in the common deception of the
word, in-as-much as there was no
manipulation in the case he cited.
Chairman STREET of the clearing
house reported that records of his
organization several enormous
stacks-were ready for examination.
The committee asked that it be
notified Immediately IL any house
refuse their individual records.
STREET. threw bomb into the COM
mittee calculations when he express
ed the opinion that the big houses
could not get their records into shape
in less than a month. The commit
tee is authorized to sit less than a
month.
s0lItlL SdiU liS o"lA AAOuoS "cS hoe
large one and that even in his
own case, it would take two weeks
to complete the data.
Whipple developed that the time
could be cut down If added help were
given and some of the details elimi-
mated.
That government clerks may go
over the books nf the Wall street
houses cannot or do not get the
records together quickly, was implied
threat Of the committee.
Chiperfield sought information
about experience in government con-
troll of exchanges abroad.
The first clearing house sheet
available to the committee was pre-
sented as a sample and showed big
United States steel dealings on De-
cember IL.
The committee went into executive
session at noon.
Adjourned to Washington.
lBy Carl D. Groat, United Press Staff
Correspondents
NEW YORK, Jan. 24.-The house
note leak committee, this afternoon
adjourned it's session to Washington.
There 1t will hold another meeting
and announce the time or reSuminS
here. This action came after the
committee had been informed that 1t
might be physically impossible to get
stock exchange records as quickly as
desired.
The stock exchange was asked 10
use a form of presenting this infor-
nation that would expedite returns.
President Noble agreed to present
this new request to the exchange gov
ernors and it is likely that it will be
granted.
The new scheme will eliminate many