The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-01-24
May Take Two Weeks for BrOk-
ers to Produce Them.
Wall Street Furious, but VIII
Give in Gracefully.
ADJOURN HEARING TO CAPITAL
ChiperfieId Again Injects Fire
works Into Session.
Dealers Fear Congress Intends
Corrective Laws.

New York, Jan. 24-The house note
leak committee this afternoon ad-
iourned its session to Washington.
There it will hold another meeting and
announce the time of resuming here.
This action came after the commit
tee had been informed that it might
be physically impossible to get stock
exchange records as quickly as de-
sired.
The stock exchange was asked to
use a form of presenting this infor-
nation that would expe dite returns.
Chiperficld in Clash.
Representative Chiperfield of Hi
/ nois, whose clashes with Thomas w
Lawson enlivened the hearings in
Washington, injected some pyrotech-
MICS into the inquiry today by criti-
cising Attorney T. L. Whipple's meth
DDS of examining President Noble OF
the stock exchange.
During Whipple's examination of
Noble regarding the retiring of secur-
tiles from the market, attorney and
witness failed to agree on interpreta-
ton of a pool" Whipple then asked
Noble if he had not had one thing in
mind and said another. Noble started
to reply when Chiperfield in a loud
voice interrupted.
Mr. Chairman" he said, 4 don't
I think the statement of the witness
ought to be impugned."
Whipple paused a moment and then
addressed Chairman Henry and the
witness.
IF 1 impugned the statement of the
witness 1 certainly did not intend to, "
he said.
Il want it in the record Clipper
field declared emphatieally, that
objected; l want to say that now, Sc
that some day l can make a comment
which desire to make. As an individ-
ual member of this committee l am
going to follow certain lines without
regard to counsel or the rest of the
committee"
Chairman Henry explained that he
did not think Mr.. Whipple intended to
impugn the statement of the witness
Refer to Schwab's Steel Stock.
Whipple then said he did not desire
; to examine the witness further. Most
! of the testimony of Mr.. Noble was in
regard to stocks drawn from the list
He said stock in which there is little
dealing because of it's scarcity on the
market is usually withdrawn. He also
admitted that short dealing in mar
rowly- held stocks was dangerous be-
cause of the inability of spectators to
borrow it. Before Noble was ex-
cGsed. Representative Bennett wanted
to know if Bethlehem steel was not an
example of a narrowly held stock OF
the kind that was dangerous for out
/ of-toWn spectators to deal in. because
of the difficulty in always making
prompt deliveries.
81 have read in the newspapers. u
said Bennett, that Charles NJ. .Schwah
controls 60 per cent of the stock and
that only 40 per cent is on the mar
ket. Would you call that stock mar
rowly held
/ Yes: but there is always plenty IN
/ circulation" said the witness, adding
that he did not think Bethlehem d
good example. Representative Chip
eFfield also wanted to know if stocks
were ever held abroad for purposes OF
escaping taxation.
! Not to my knowledge" replied No
BILE.
Take Weeks to Get Records.
Samuel F. STREET, chairman of the
stock exchange clearing house, was
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