The Bridgeport evening farmer., 1917-01-25
HALT LEAK HUNT
TO OBTAIN DATA
ON STOCK DEALS

NoW 1OIh, jail iiO iAoNSo
Rules Committee, which is endeavor-
ing to find out if any one profted by
a leak in connection with President
Wilson's peace note, and which has
until March to accomplish that
seemingly difficult task, discovered
yesterday that it had wasted "a hours
Of it's time in its dealings with Off
ctals of the New York Stock Ex-
change, and would have to alter it's
plans materially.
This was made known when the
committee was told that the informa-
ton concerning transactions and eli
ents which brokers had been asked to
supply, through resolutions passed by
the Governing Committee of the Ex-
change on Tuesday night, could not
be compiled by the larger house in
less than 30 days, even If the brokers
were prepared voluntarily to tell the
names Of their clients. Realizing the
situation at last, the committee with
drew the original demand and offered
a supplemental ultimatum to, the
brokers, which was greatly modified
in form. Then the committee adj
journed at the call of Chairman r. L.
Henry to see how things would work
out. The next session probably will
be< held Tuesday.
AS for the governing committee of
the. exchange, it accepted the second
demand without serious objection,
and, at regular meeting yesterday
afternoon, devoted two minutes to its
reading and adoption. Copies Of it
We're then sent by the exchange to its
members without comment. The lat
est request puts many safeguards
q no ~ aH0 ~ vol
ers Symbols are to ,be used instead
of names in the records to be at the
disposal Of the Rules Committees ac-
countants, and the key to the records.
which is to remain always in the
hands of the chairman Of the ex-
changes Committee on Clearing
House, is to be kept in a sealed en-
velope and opened only if an impor-
tant lead develops in the examina ton
OF the records. The Information asked
for Is not so extensive as that orig
inally desired.
In the original ultimatum-it is
called that by the brokers because
the Rules Committee threatened to
subpoena them and cite them for con-
tempt II they drew back-all trans
actions and loans Of stock from Dec.
10 to 3d.. with the names Of clients,
were demanded of the LOO members
Of the Exchange. This, the committee
was told yesterday by Samuel F..
STREET, a governor of the Exchange,
would entail great amount of. cler-
1cal work, and large firms might not
be prepared to submit their reports
much before the Teak committee
went out of existence with the reor-
ganization of Congress.
Members of the stock exchange re-
ceived today copies of the resolution
adopted by their governing commit
tee requesting them to prepare rec
ords Of their transactions for use at
the congressional '1eak'' investiga-
ton. Brokers were reluctant to ex-
press opinions as to how far this in
formation would comply with the de-
sires of the investigators.
Rumors that certain brokers Nigh,
refuse to comply with the demands
OF the committee received no con-
firmation from speeches made last
night at dinner of the Association
of Partners of Stock Exchange Firms
Otto Fl. Kahn, addressing the 1000
prominent business men at this gath
ering, said
This Is an age of publicity
whether we like it or not. Business
and business men must come out of
their old time seclusion: they must
vindicate their usefulness; they must
prove their title; they must claim and
defend their rights and stand up for
their convictions. Nor will business
or the dignity of business men be
harmed in the process No healthy
organism is hurt by exposure to the
open air.