The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-01-31
LEAK PR0BERS
CLEAN LITTLE.
OF IMPORTANCE
e. F. Hutton Of New York, Who Got
Advance Tip From Washington,
Testified. ''%
u
KNOWLEDGE OF PEACE 49,
NOTE IS ADMITTED
Representative Of Washington Firns
Says News Did Not Come From
Boiling.
(Associated press)

New York. Jan. 3l.-Finding fur.
ther examination today of f. F. Hut.
ton barren Of result as far as showing
the origin Of the information which
the stock brokerage firm OF E. F.. Hut
ton & Co. warned its customers that
President Wilson's peace note was to
be issued, the congressional leak" in
vestigating committee today decided
to summon George A. Ellis. Jr., the
member of the firm who wrote the
warning telegram. Ellis, according to
Hutton, is i'll In Georgia. but the com.
mittee, nevertheless, decided that hs
must appear
Rumor Only.
F. A. Connolly of F. A. Connolly
Co., the Washington brokers who fur
nished the Hutton firm with the infor-
nation, was expected to take tho
stand later today. Connolly, on his
arrival from Washington, denied that
the information came through r. w.
Boiling, the presidents brother.in-
law, and a member of his firm. He
said that it was gathered from geu-
eral talk around Washington.
Hutton today said, although In pos
session of the information as to tho
presidents note at least two hours
before the market closed on Decem-
ber 20, neither he nor any of bio
eight partners had taken advantage
of it. His customers had an hours
leaway to sell before the market, clos
ed. They we're long in the aggregate
about 100000 shares. He was Of the
opinion that few needed the warning.
but promised the committee to FUR,
nish the exact amount Of selling or
ders that came in. = :.
Little impression. u -
Hutton said that the information
he had on the peace note made little
impression upon him. What killed
the market" was Secretary Lansings
"verge of war" statement, he said, the
day the presidents note was forward"
ed, December 21.
Customers of the Connolly hrm
during the peace period" in the mar
ket lost $4,000, it was brought out.
No pools or collection of persons
were operating through his firm be-
tween December 10 and December 23,
Hutton said.
He volunteered the emphatic state.
ment that the connection between his
firm and the Connolly company was
not made because Boiling was Prest'
dent Wilson's brother.in-law.
Not Influenced.
81 want to say" he, said, that We
did not take the account of Connolly
& Company because Mr.. Boiling was
President Wilson's brother-in.law. It
would have been the same II he had
been a Smith, Jones, or anyone else.
provided we were convinced members
of the firm were clean men," .,ya
Until the Connolly firm opened,
Hutton said, his house had no WASH
ington representative for seven years.
The witness also insisted that he
had no knowledge on December 20
that a note was coming from Presi.
dent Wilson. Other members OF his
firm handled the various messages
now in the record.
Representative Bennett called Hut
tons attention to testimony by news
paper men at Washington that Sec
retary Lansing in telling them the
note was forthcoming had given them
IAN impression as TO its contents ex.
actly opposite to what it really was"
"The only substantially accurate
forecast of the Presidents note" said
Bennett, 'is the one sent to you by
Connolly. How do you account for
that?' -s,@s.;t,
II don't account for it." replied
Hutton. That's up to Connolly"