El Nuevo mexicano., 1917-01-25
NEW YORK LEAK
HEARING DELAYED
INDEFINITELY BY
THE COMMITTEE
Meeting Will Be Held In
Washington Later in
III Week
ny Leased Wire to New Mexjcan.)

iBy Leased Wire to New Mexjcan.)
New York, Jan. 24.--The house
rules committee in executive session
today decided to adjourn its New
York hearing on the leak" investiga-
ton for an indefinite period, Mem
bers of the committee who planned to
return to Washington this afternoon
will hold a. meeting In Washington
some time later in the week to decide
when they shall resume their inquiry.
Announcement OF the plan came
while the committee still vas in ses-
sion with Representatives Of the New
York stock exchange trying to agree
on a new request for submission OF
specific records to the committee.
When the meeting adjourned most
of the committeeman rushed for Wash
ington trains and Sherman L. Whip
pie, counsel for the committee, de.
tailed what had taken place in the
meeting.
President Noble of the stock ex-
change, he said. had agreed to sub.
NIT to the board of governors of the
exchange a supplemental request for
certain information" regarding mar
ket transactions between December 10
and December 23, which would make
it possible for the committee to re-
sumo its inquiry some time next
week. possibly Monday or Tuesday.
He was inclined to think it would be
Tuesday because personal business
promised to certain members in Wash
ington. Every indication, Whipple
said, wa that the exchange members
would comply with the supplemental
request, but If they did not, the com
mittee would be hurriedly reconven-
ed and steps taken to insure produc.
ton of the desired records. The
board of governors was to act on the
request later, in the day. The re-
quest for the information sought yes
including the names of all Gus
and records of their deals.
rests in allegiance" Mr.. Whipple said
To Protect Customers
Adequate plans have been arranged
whereby customers of every broker
age house who are not the object of
as defined in the COMPRESSION
al resolution will be protected from
disclosures. There will be no
of any transaction or name Of
men outside that class being dis
to the public.
"The lists giving the names are to
be in possession Of exchange officials I
to be opened only upon order of Chair
man Henry. The accounts will be de-
by letters or symbols. The
key to them will be in separate en-,
velopes to be used only in case Of
necessity"
The hearing, it was assured, would
held here. although meetings are
20 be held later in Washington. /
The members of the New York
exchange who have been re-
luested by their board of governors
20 make available for the examination .
Of the rules committee of the house
record of their transactions dur
hng the period when Wall street is ,
supposed to have received advance in
on the presidents peace /,
note, are not expected by the board of
governors to withhold the informa- /;
ion. This assurance was given the
by President Noble of the !
exchange at the resumption of the !
eak inquiry here today. Samuel f. !
STREET., chairman of the stock ex- :
clearing house was recalled (,
md examined on the details of the ex- ,
machinery. /,
To the surprise of the committee, !
STREET., contrary to the opinion given /,
~ President Noble that the first re- !
'ponses from the brokerage houses ,
night be expected in a day or two de- .
dared that the date could not be fur +,
lished inside OF two weeks, and that /,
'ome of the larger houses could not :
10 1t in a month. I
STREET said that his own firm has :
,nly from 125 to $50 accounts but that =
lis books were so kept that the .
tatus of each account day by day in :
he form required by the committee :
not be provided in less than :
wo weeks without calling in extra !
accountants to dig the information :
ut. !,
There are not enough expert ac- /,
,ountants in the city to do this for :
house" he asserted. !,
Some houses, he said, had as many |,
IS a thousand accounts and the !
James of some Of the customers were !.
.ept in branch offices in Chicago, :
San Francisco and other !,
titles. :
The witness was then taken in hand :
y Whipple, who finally got him to ?
oncede that some OF the Information =
could be produced more ?
than he had anticipated pos !.
IDLY in two or three days. y
81 venture to think" concluded the y
ttorney, that the length Of time can Z
70 reduced by efficient help on tho '
art OF the committees experts. Plans
viii be made to make the Information /
romptly available
STREET. then placed before the com
nittee copies OF a clearing house
beet, showing the transactions Of an 0
manned firm on December 10, one Of o
he days Of the period during which t
he leak Is alleged to have occurred. S
he sheet showed a preponderance OF 4
ales OH that day, with United States i
teel showing net sales OF 5000 O
This. STREET explained did not a
ecessarily mean that there had been G
sales. d
But" asked WhiprIe, "these n
heets would furnish the committee ID
Nth tho means OF finding out what Il
wero selling?" y