The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-05
Yelled IntimatiOn TumuIty In
on Wall st. Cleanup.
Presidents Brother in Law
PrOfited in Crash Is RumOr.
GOT TIP z DAYS beforehand
Campbell (Kansas) Calls Lans-
ing and TumuIty to Testify.
Chairman Wood Testifies on
Information From Wall st.

Washington. Jan. 5.-Smoulderins
rumors that somebody made money in
the stock market with leak" informa-
ton about the sending of President
Wilson's peace note blazed up at SEN
sational session of the house rules
committee today at it's first hearing
on Representative Woods resolution
for investigation Specifically declar-
ing he made charges against no one
and was presenting only information
that had come to him. Wood brought
in the names of Secretary Tumulty'
"a Mr.. Boiling" q brother of Presl-
dent Wilson's wife. whom he did not
further identify; Bernard Baruch' d
New York stock operator; OTTO II
Kuhn of Kuhn Loeb Co.; Thompson *
McI<innon. and LamsCn Brothers *
co Chicago brokers; w. r. f. HUT
ton q Co.. New York brokers, ana r
A. Connolly & Co. n local broKerase
house. in which Wood said the MI
Boiling he referred 10 was partner:
Much of his information Wood sara
came in a letter from a. GURUS al
independent New York stock operator
Mr. Wood disclaimed intending to give
the impression that he believed that
MIR. Tumulty, for that matter, profited
by the so-called leak. that he was
merely stating what had come to MIN,
that he realized the danger of making
such statements in public and for that
reason he had preferred to make ms
statement in secret session, which the
committee denied.
TumuIty Willing to Testify.
At the conclusion of today's ses-
sion Chairman Henry announced that
Secretary Tumulty would appear with
out subpoena and that subpoenas had
been ordered for Curtis and Baruch.
dino nf
sets, who has Joined in Woods aglta-
ton for investigation, will be heard
tomorrow ard Thomas W Lawson will
be heard Monday.
Il am informed" Representative
Wood testified. that Barney Baruch
had information about the note to the
European belligerents two or three
days before it was sent and that on
two or three occasions about that time
he was in consultation with Mr.. Tu-
multy at the Biltmore hotel in New
York"
Representative Bennett of New ork.
member of the committee, said on
the house floor Wednesday that Ba-
ruch was reported in New York to
have SOLD about 5000 shares of steel
on rising market shortly before the
note was made public.
objects 10 Public Testimony.
At the outset of the hearing Repre-
sentative Campbell of Kansas moved
to subpoena secretary Lansing SeCEe-
tary Tumalty Baruch and Thomas w.
Lawson. He was prevailed upon by
other members to withdraw his mo-
ton but he said he would make it
again later Representative Wood OBJ
jected strenuously to testifying in
public.
Representative Wood also declared
that a Washington brokerage firm, F.
II Connolly & Cox, of which Mr..
Boiling" a brother of President Will
sons wife, is a member, profited by
stock transactions during the market
furry Their deals were transacted
by the New York firm of e. F. Hutton
x Co, Wood said.
Representative Wood said most of
the statements he made were based or
information in a letter to him from A.
Curtis, a Wall street broker. He did
not have the letter with him. but said
he would produce it later.
Chicago Broker Had Tip.
What information he had regarding
the so-called leak, he said, was only
hearsay and he feared that a public
statement would interfere with the
work of a committee in obtaining wit.
nesses.
Representatives Chiperfield of ILL
nois. Foster of Illinois and Harrison
of Mississippi. protested so vigorously
ings'' that Represe NATIVE Garrett OF
Tennessee, who had moved that the
session he made executive, withdrew
his motion.
Chiperfield insisted that as a wit
ness sworn to tell the truth Wood
should give the committee the ad.
vantage of all the information in his
possession Wood testified he haC
been informed that on Wednesday
December 20. which was prior to pub
LEGATION of the note, confidential tele
gram had been sent by r. w. McKin
non of Thompson & McKinnon, brok
ers of Chicago, to Ralph H. Hartley
manager of their branch at Oshkosh
Wis. advising him that the presiden
would have a message of Importance
soon and that he should advise friend
and patrons of his office to sell shor
on stocks.
b. Friday of Oshkosh was named
r bv Wood as his informant Early il
the afternoon on the same day, Woo
said, he was informed Lemson Broth
ers branch brokerage office in La
fayette, Ind. also received informa
was about 10 send a peace note
Representative Wood requested tina
Otto Kuhn of Kuhn, Loeb & Co, New
York, be subpoenaed and interrogatet
regarding what advance information
he had. if any, about the nate.
Presidents RrOther-in-Law Profited
A resolution offered by Mr.. Camp
)elI to ask the New York stock ex
change to preserve all its books an
papers from Decent Der 10 to the pres
ent date and another by Representa-
tive Harrison of Mississippi to MAX
IConunued on Page SKI