The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-01-30
WH|PPLE .DRACS:
BERNST0RFF'S. :
NAME E|NT0P PROBE
Archibald White Claims to Have Been
interested With German Count
And Lawson in Deals. ,.-.,
BERNARD sARUcH SAYS
he sMEAREo >47sy 1000
All Efforts to Connect Boston Ore|sec
with German Ambassador Fail
In 1oday's Hearing. !
(Assoeiated preSS.)

In 1oday's Hearing.
(Assoeiatsd Prsss.)
New York, Jan. 3O.-As uuexpect-
edly as Sherman l.. Whipple, counsel
for the house "leak" investigation
committee brought the name Of Am
bassador Won Bernstord into the e.
animation Of the German omct1ts
friend, Archibald s. White. the New
York financier, he has suddenly clos
ed his direct interrogation Of White
today, after, obtaining, deniaB trom
him that, he, had received advance -.
formation from any German omcaal
regarding any of the recent peace
movements. -
Campaign Contributor.
Bernard Baruch, Wall Street specu'
lator, $4,000 contributor to the last
Democratic campaign fund. and
heavy short seller, in the stormy days
preceding the issuance Of President
Wilson's peace note. testified At the
leak" inquiry today that his proats
on the market between December 10
and December % were $476.16S. .
Every cent of his profits, he d.
clared, was due to his foresight In in
terpreting speeches by Won Bethm4n
Hollwegg and David Lloyd GoosSes
as meaning peace was coming. s1yss.
Not a single transaction, he made.
he said, was influenced by advance ~.
formation that the president was
about to issue a peace note.
Baruch declared he believed his.
tory would show that Won BethmAun
Hollwegg's speech marked the turn
ing point in the world war toward
peace. r. =,
II realized" be said, that the peo.
p1e's mind heretofore thinking only
OF war would turn to thinking !, OF
peace" 3.n +
Establish Relationship. :"
Having established the close rela-
tionship between White and the am
bassador yesterday. and questioned
the witness closely on alleged efforts
of Thomas w. Lawson to arrange a
meeting with Won Bernstorf, Whtpple
today drew an unexpected audience
to the hearing room. Then, with ru'
mors of possible sensations flying
fast, Whipple asked White less than
a.half dozen questions and turned
him over to the committee for tur'
ther examination.
Make Effort.
Making an apparent effort to con-
meet the note leak incident with Cor
man Ambassador Won Bernstor6. the
house investigation committee called
to the stand Archibald S. White,
friend of the envoy. From White.
however, they only got an assortment
of denials. White admitted that he
had been associated with Bernstorh
and Lawson in financial matters, but
denied that he had ever gotten any
information from, German sources.
The first questions asked him were
on the Information angle purely.
smeared $47syooo. ~
Bernard Baruch. another witness
before the committee today, said that
he had smeared 476,00O over Wall
street playing peace lunches In Do"
cember. He said that had he known
what was coming from Washington he
certainly would have sold on Decem'
Der 20, instead Of attempting to cover
margins. '''-''.' -.
Reading first from testimony previ'
ously taken by the committee In
Washington. Whipple brought out
that details of the German govern.
ments peace proposal and President
Wilson's note were known in Ger
man official headquarters and In
Washington before they we're made
public and asked White If he reeciv.
ed any advance information about
them through such channels? White
answered negatively.
Have you had any accounts In
which persons in Official life were In
Whipple asked.
"No." White answered.
Representative Campbell then took
up the examination, and tried to Get
White to admit that he had 3oi1ed
with Lawson in stock market opera
tions based on the top heavy condi.
ton Of the market. and the poSsi01I.
ity of peace.
Denies Runner.
did Lawson suggest to you," asked
Campbell. "that the market was top
heavy and that a suggestion Of poaco
would start the market down aA4
that it was good time to goe sll
your friends into a pool!'
mo. sir" said White.
Putting the question in rs many
different forms, Campbell tried to
learn specifically what White and
Lawson talked about at their vari018.
meetings in New York, at or prior %
The time the peace situation was .
big factor in the stock market. AL
White would say was that they talk.
I'd ''in general terms about the var
and its economic effects"
White denied having advance =.
'ormation on the arrival OF the UlGe.
After it had been brousht 0ut hit
Whites concern. the Feder1l Che1f
al company, which. he said yeseoe.
lay, he had tried to get EawsOa n.
terested In, manufactured proaoce0
used In making munitiu1s. No wl0
and Barney BafHcA, No 81
,hoft heavily beeoeU IL pro6t1ookS
lote eocane palole. v1D 0o10D(