The sun. [volume] (New York [N.Y.]) 1916-1920, 1917-01-31
Copies of kilograms Pro-
duced to Show Advices a
Day in Advance.
BARUCH RELIED ON
HIS OWN JUDGMENT
Made $+76,16 in His Stock
DealS-He Submits
All Data.

Two strikingly different pictures Of
terday before the Rules Committee Of
the House OF Representatives in the
hunt for the alleged leak of President
Wilson's note to the belligerents.
One witness, Bernard NJ Baruch, an
operator in stocks on large scale, told
of the profits 6$47616s47) which he
made in the little panic of last Decem-
| Der in playing the market in connec-
ton with the talk of international
peace.
The other picture was presented by
Edward F. Hutton, head of L. T. Hut
ton Co, one Of the largest private
wire houses connected with the Stock
Exchange and having customers all
over the country. He told of the man.
ner in which the public had become in
terested in the stock market prior to
the break.
Hutton Offers a Clue.
While Mr.. Baruch's testimony was
! the more absorbing as the talk OF "A
cool. daring plunger who would risi.
| hundreds of thousands dollars on his
own Judgment. the evidence presented
! by Mr.. Hutton had an unusual grip be
cause II suggested at least "A tangible
clue in the hunt for the peace note leak.
MIR. Hutton was asked to produce
| copies of kilograms which he or mem
pers OF his firm had sent out over their
| private wires to their branch offices or
correspondent brokers throughout the
country prior to the publication of Pres
/ ruent wilson's note; also the telegram
which the firm had received.
From a sheaf of papers which Mr.
mutton, "A remarkably young looking
! man for the head of such a large busi-
ness-he testified his firm had borrowed
s2S,oOO,OOo to carry customers on mar
| gln-produced II telegram which at
'of on the afternoon before Il e Presi-
oeht = note was printed in the newspa-
/ pers' mad been sent out to the FIRMS cor
respondents. This telegram said:
we are confdentally informed that
a hiShiy important message to all bel
ngerents and neutrals has been issued
from Washington. Interpret it not as
pressure on belligerents in behalf of
! peace, but as an opportunity to put
American demands record to be con-
| sidered If there is peace. and warning
! that neutral rights must not be further
ehcroached upon. Full text to be given
OUT tonight and will he looked upon as
a move of great moment"
Writer Of the Message.
That confidential message was writ
ten by George \. Ellis. Jr., member OF
the firm, less than three hours after
| secretary of State Lansing had met
the reporters III Washington and had
' tod them that tho Il,
to all belligerents but it did not contain
! proposals for peace or an offer of media
ttion,"
The question naturally arose in the
| minds or the committee as to where Mr.
, Ellis. at least six hours before the
PRESIDENTS note was handed to the re
pofters, could have obtained the in
| formation on which to write that tele-
| gram. Mr., Hutton then explained the
hrm had received at 1857 p. NJ. from,
element curtis & Co. a telegram saying
commercially that something important
was coming from the White House That
! message was handed to the committee
AT IL AS, however, Mr. Hutton had re-
ceived telegram from +. A. Connolly
" Co or Washington giving him Tip
about the forthcoming note, but thai
message had not been preserved
In this connection IL was brought ou,
mat X w Boiling, brother of Mrs
wilson. the Presidents wife, is "A mem
Der OF +. A, Connolly Il Co
sherman l.. Whipple, counsel to the
committee. Immediately desired 10 have
Mr.. Connolly come here to testify con
corning the sending of that telegram
and Mr.. Wh!pple also wished to speal,
10 the telegraph operator In Washington
who licked the message over the wire.
and also the man who received IL here
lie was eager 10 get the contents of thar
message,
! Bases of the Advice.
Mr., Hutton testified that Mr.. Ellis had
prepared the message quoted above on
the strength OF the Chicaso message
and the Washington message 1t j.
likely that at the inquiry to-day per
tinent questions will be put to Mr.. Con
molly as to the source of the Information
contained in his confidential telegram
The opinion OF the persons listening to
the testimony was that the confidential
information which Hutton Il Co. sent
to its correspondents showed n knowl-
edge OF facts that the Government was
trying to conceal for another twenty
four hours.
II was learned that Mr.. Ellis Is very
III in Georgia and Mr.. Hutton begaed
that he be not called as witness un :
less II was absolutely necessary. On
that point the committee reserved deci-
sion. but the point as TO whether Mr..
Ellis will be summoned depends upon
the facts that Mr.. Connolly gives 10
i. the committee to-day