Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1917-01-09
TICKER SERVICE
To WALL STR Rect.
CAUSE Of LEAK?
News Agencies Called Upon
to Submit Copies OF
Dec. 20 Messages
MANY TO TESTIFY
AT INVESTIGATION

AT INVESTIGATION
Washington. D. c. Jan. 6-At today
hearing on Representative Wooh
resolution for investigation of whether
there was stock market leak on
President Wilson's peace note, the
trend turned to investigation OF wall
street ticker services which supply
news tips" to brokerage houses.
Many Men subpoenaed.
Subpoenaes for seven men were or
dered issued by the house rules COM
mittee at the outset of today's session
Of the leak" investigation.
The men to be called are John Boyle
and Henry E. Eland, of the Wall
Street Journal and w. A. Crawford,
Ernst A. Knorr. Jr., A. L. Geiger. Mel
son M. Shepard and A. M. Jameson,
EMPLOYEES of the Central News of
America. a news service which sup,
plies information to Financial Amer.
lea, a Wall street newspaper.
The heads of the bureau also are
requested to bring the ticker tapes OF
their services for from 10 a. M,
throughout the day of December 20,
1916.
The committee wants to learn what
time the Central News and Wall
Street Journal bureaus made public
/, the fact that note was forthcoming
from the president.
A motion by Representative Camp
>bell, republican, to have the New York
and Chicago Stock exchanges notify
. all their members to preserve their
/. sale slips of from December 10 to De-
cember %, was adopted.
Announcement was made by Chair
man Henry that Bernard M Baruch,
who is declared by the mysterious "a.
Curtis" to have profited by the so
called leak and Otto H. Kahn. OF
Kuhn, Loeb and Co.. whom Represen-
tative Wood suggested should be
called, would be here Monday to testi-
fy.
On motion of Representative Henry.
Mr.. Baruch was ordered to bring be.
, fore the committee all Of his brokers'
commissiap slips from December 10
to December %.
Wood Is Defended.
Representative Wood, author of the
inquiry resolution had been called to
the stand and wrangle between re-
publican and democratic members had
been precipitated when Representative
Harrison, democrat, asked Mr.. Wood
why he had not satisfied himself as to
the identity of the mysterious "A. Cur
It's"
Representative Wood is not the
author of the charges under inquiry
here" protested Mr.. Chiperfield. "and
his motives cannot be impugned.
think that we are losing sight of the
fact that these scandalous charges
were made by Thomas W. Lawson OF
Boston and it is my understanding that
Mr. Lawson was the chief beneficiary
of this falling market"
Representative Harrison, democrat,
called attention to the fact that Woods
first resolution was produced before
lawson had made any statement or
before the letter from "A. Curtis" al
legged New York broker, had been re-
ceived.
''The question: Mr.. Chiperfield in.
sisted, sis whether there was leak
and whether government officials i'm.
properly profited by it.
do you think there was Leak"
asked Representative Campbell Of Mr..
Harrison.
eyes," replied Mr.. Harrison, but l
think the leak came from the repre-.
sentatives of those two Wall street
papers or else the leak came back
from foreign centers.'
Gardner Called In.
Representative Gardner Of Massa-
ehusetts, who on the floor Of the house !
on January 8 said that he knew there |
was leak and that the whole stock !
exchange transactions showed it, was
then called to the witness stand
Representative Gardner testified he !
was convinced there had been leak"
because at 2:05 p. m. December 20. ten
hours before the peace note was re-
leased for publication and four hours
before 1t had been placed in the hands |
of the news agencies, the following dis
patch was sent out over the Dow Jones |
& Co.. ticker:
"The renewed selling Of the market !
Is due to reports received by brokers'
private wires from Washington to the |
effect that the administration. will in !
the near future, address to the bellis. |
erents some suggestions or proposals |
in regard to peace. Nothing definite is |
obtainable in administration circles"
There is your proof of leak" said |
Mr.. Gardner Miracles don't go on
the stock exchange and Dow Jones & |
Co. don't deal in prophecies
Mr. Gardner added that his attorney I
wuodl ehtber -Nmv -UBR mss
orould be here next week and by sub.
uniting figures, showing the fluctua. !
lions of the stock exchange on Decem.
Der 20, convince the committee that !
there had been leak
PASTOR is SHOT.
Derby, jan 6--The Rev. Mr.. Warn
er, pastor of the NJ. e. church at Der
~, cbpf bp how crpIIt pf his