Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-01-30
Wall Street Speculator Says
He Cleaned Up Nearly
Half Million In Slump
DENIES HE HAD,
s.TIP" ON NOTE
5arueh DscIares He Would Have Made
More If Informed Of Wilson's Peace
offer-Admits Calling Secretary Nc
Adoo by Telephone During LEAK"
Period-Conversation Related to Po-
liticaI Appointment.

lticaI Appointment.
New York, Jan. 30.-Bernard Baruch,
Wall street speculator, big contributor
| to the last democratic campaign fund
and heavy short" seller on the stock
exchange before the publication of the
presidents peace note, testified before
the leak committee today that his
profits on the stock market between
Dec. and Dec. % were s476,16S. Ev-
cry cent Of his profit, he declared, was
due to his foresight in interpreting the
speeches Of Won Bethmann-Hollweg
and David Lloyd-George as meaning
peace was coming.
Not single contract he made, he
said, was due to advance information
as to a peace note. He received no
such information, he added, and said
he had no-secret sources of information
in Washington.
AS proof of his assertion that he was
unaware that a note was to be sent
abroad, he was on the buying side of
the market when news Of it became
public. Neither he nor any other man
would have been caught in such po-
'sition, he declared, If he had foreseen
the note.
Admits He Made Errors.
Baruch also pointed out several 9th
er errors he made on the market dur
ing the thirteen days period of his
profit taking On several occasions he
was forced to sell stock at a loss, he
testified, and finally on the day before
the presidents note was made public
he overlooked the Dow Jones ticker
"tip,' which he had in his Office. that a
note was expected. 4 covered that
day. he said, and am sorry did
Testifying that during the Teak" PEE
Rod he had called up Secretary Nc
Adoo, Baruch explained that he had
done SO at the instance OF Col. E. NJ.
House. President Wilson'S adviser TO
suggest 10 the secretary the name ofsa
man to fill a vacancy on the board OF
the federal reserve bank in New York.
He said Colonel House had called him
land said:
There is vacancy in the federal re
serve DOdIu.i. uOIl hAOW sSlAOSC LA
lows down there. Won't you suggest a
Iname?''
Baruch did so and Colonel House
told him to suggest the name to Mr.
McAdoo.
Denies Dinner Party Report.
A rumor which Mr.. Whipple said had
come to the committee to the effect
that Baruch some time during October,
November or December had dined with
Count Won Bernstorff, Mr.. White and
Charles s. Babin, a New York banker,
who early in October predicted a peace
move, was denied by Baruch.
Won Bernstorff Friend Grilled.
The name of Count Won Bernstorff,
German ambassador to the United
States, late yesterday figured most
prominently in the congressional COM
mittee's Investigation Of the reported
leak" which enabled Wall street spec
ulators to profit enormously from ad-
vance knowledge Of peace negotiations.
The name, previously mentioned by
Thomas w. Lawson, was first uttered
at the afternoon hearing when Attor-
ney Sherman L. Whipple, inja savage
examination of Archibald White, fore
ed the head of the brokerage firm Of
White &<Co. to tell Of his acquaintance
with the German diplomat.
White Dodses Admission.
For more than an hour Attorney
whipple endeavored to lure White into
an admission that he had furthered q
meeting between lawson and Count
Won Bernstorff White denied and
evaded and ,perspired under the on
slaught, altered his testimony slightly,
but hung doggedly to the main part Of
his first story. "
The day ended with White still in the
ring, but hanging to the ropes. Attorney
Whipple appears to think there was a
definite connection not only between
White and the German embassy and
between White and Lawson. which
White seems to be trying to conceal,
but also between Lawson and the em-
bassy. This last White denied vigor-
|ously. Repeatedly Mr.. Whipple warn
ed him to think carefully and to "en-
deavor to refresh his Tagging mem
|ory.
Recalls Points He Forgot.
And not at all to the apparent SUR
prise Of the examiner, Mr. Whites
careful thought and endeavors toward
|refreshment enabled him to remember
one or two little points he had missed
|during the first recital.
One OF the. these points was that
during the talks on market condi-
tions'' which the banker admitted hav-
ing with Thomas w. Lawson there was
q third person present. Possibly by a.
coincidence, the pefson was Harry
Content, one OF the leading steel oper-
ators on the exchange, and possibly by
another coincidence the harmless little
colloquy took place in Contents office.
Mr. Whites testimony about the oc-
cas- iOii
was uncertain. At first he thought he
went there to see Law1on. but later ne
believed It was to sAe, Content. lie
WAS sure on only one point, and that
was that he didn't know what he or
Lawson or Content talked about.