Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1917-01-31

tCsuthsed From Psge 0se)
ing on him FIVE or SIX monhs ago, in
forming him that the firm OF E. Con-
nelly & Co. was to be organized, with
Boiling Is one of the partners. and
asking If the Hutton firm would be-
come its New York correspondent.
Hutton said the fact that Boiling
was TO be a member OF the firm had
made no impression upon HIM. He
denied that Connolly had said any
thing OF an expectation OF getting
high class customers through Boil
inrs relationship to the president.
The Connolly account. he said, how
ever, had been very attractive
Whipple then had put on produce
messages which had gone over the
firms private wires during the peace
hearing period id the stock market
and which he had been commanded to
bring under subpoenas. The FIRST to
be read was the Clement, Curtis &
Co. telegram, marked confidential
timed l2.4S O'Clock eastern time.
which was about an hour and quar-
ter after Secretary Lansing had told
the newspaper men in Washington
that = note was coming from the
president.
Hears Of Statement.
Il hear that the State department
will issue statement today regarding
economic conditions on the European
war as effecting neutrals," the Glenn
scnt message said. Intended to pro-
mote peace prospects. What do you
think Of this, and how are you on
stocks"
The next vas Hutton's reply to this.
timed liza pm. which read.
sOur Washington wire gave US
similar message to yours. Others have
1.-THE same information. We put Y out
as It was more or less generally
known. Your message was marked
confidential and we treated it 50.
e F. H"
Some time between the reesT. of
THE Chicago message and Hutfon's
reply to it, the now missing message
IRON Connolly was received, Hutton
testified. This was the, message on
which Ellis based his message at
lisa o'clock, which follows:
Important Message Coming.
We are conhdentiaily informed a
highly important message>to all bel
ligercnts and neutrals has been issued
from Washington. Interpreted not As
pressure on belligerents in behalf OF
peace, but as one apparently to put
American demands on record to be
considered IL there Is peace and warm
4 ing neutral rights must not be further
encroached upon. Full text to be
given out tonight and will be looked
on as move of great moment"
Questioned on the lost message
4 from Connolly, Hutton said II was Of
Sa class his firm seldom saved. Con-
\ nelly had not kept copy OF it he
said, but added the Washington
broker would testify fully before the
committee tomorrow.
Hutton also produced other COM
\ munications his firm had sent its cor
respondents, in which reference was
made to various Washington situa-
lions. One of them said it was under
stood the presidents message Of last
4 December 4, the opening day OF con-
3gress, would be favorable to railroad
Investments. Another written BY Hut
\ ton personally said that Washing
ton advices" were that increased
freight rates probably would be
granted the railroads.
Just General Impression.
Replying to sharp questioning by
Mr.. Whipple, Hutton said he did not
( recall any particular advice he had
III mind other than general impress
sion he had gained from the news
+ papers and the tickers. He volun-
h teered the statement that he had
\ learned nothing in this connection
/ from Mr.. Boiling or Mr.. Connolly.
/ lie also asserted that his firm had no
sources Of information in Washington
outside Of the Connolly company.
While describing the nervous state
Il 0f the financial district shortly prior
4 70 the issuance OF the presidents note,
Towing to the top-heayy speculative
II accounts amassed by the public"
Hutton gave the committee a shock
4 By casually announcing that his firms
n outstanding loans against margined
accounts aggregated $4,000, 900. This
condition, be said, was general, and
\ was regarded by bankers as a danger
GUS over-extensiou that might result
IN panic. The bankers had begun to
4 call loans, he sid, with the result