The Birmingham age-herald., 1917-01-09

private citizen from Boston put up or shut up about a matter almost as i'm portant as the European war is to Eng land or Germany, or France?"
 CALLS STONE NAMES Then I came to Washington to aid in an honest investigation, only to have i h-l lambasted out of me as soon as i Congress convened. Promptly when the Senate met leather-lunged, sewer mouthed old blatherskite-"
 MT. Lawson" interrupted Chairman Henry. you must conduct yourself-'
 T know Lawson broke in, that you are going to try to stop me from saying things you think 1 have no right to say, and what shall I do?" | Chairman Henry then said that "the lid was off" so far as concerned any confidential conference with him.
 FRENZIED FINANCE RECALLED Representative Chiperdeld reminded MT. Lawson of his book, "Frenzied Finance"
 God help me. I'm sorry 1 ever wrote 1 'Frenzied Finance and that ittwas not the representative from Illinois who wrote it. It cost me many dollar You, nor anyone else cannot intim- idate me" exclaimed Lawson. T will say what I've got to say" 1 After order had been restored, Chair man. Henry ladmonished MT. Lawson that both he and the committee must respect one another's rights. You stated that there was a leak said Chairman Henry. '"Will you give the committee thesnames of the person who carried the leak to Wall street from Washington?" Lawson replied that he never had been a beneficiary, and that the only way he could give the identity of the Teak would be to violate a confidence,
 WOULDN'T GIVE NAMES Tt goes without saying that if I knew the names you could not get them from me-
 Do you know any names?" Henry asked.
 Not in legal sense"
 Do you know of any in any sense?" Henry asked.
 T know there was a leak" Lawson said, and knowing there was a leak, I must have some information"
 Do you know persons who profted on the day of the leak?" Henry asked.
 T probably do" Lawson said T prob- ably profited myself"
 He declined to say how much he profted.
 Lawson admitted that he knew of no CAA~ nected with leak"
 Asked if he knew any state department employe who might have been responsible for the leak" Mir. Lawson said:
 T have no information regarding any one in the state department which [ would give in public I would give it to the chairman. But you don't need any more information than you have to war rant an investigation
 a hn nI11 ,af orix-A fin a court knowledge way" but could give names that were given to him by people he considered responsible. He de- clined to give them however. The committee then took recess until 2 clock
 LAWSON RESUMES
 When Mir. Lawson resumed testifying this afternoon, Chairman Henry advised him that Charles H. Sabin president of the Guaranty Trust company of New York, called as witness at Iawson's s suggestion, desired to leave tomorrow for Europe. MT. Lawson said he thought Sa- bin should be examined regarding state ment he was said to have made just be- fore the arrival of Ambassador Gerard in this country recently regarding peace measures Gerard was said to have car- ried which caused the market to drop per- ceptibly. Within a few days after the arrival of Gerard, Lawson said, German submarine appeared off Newport and sank several ships.
 Tt was generally accepted in the dis trict," Mir Lawson said, that MT. Sabin had some knowledge from Washington I am not prepared to say whether it was about the U-boat peace"
 Asked by MT. Henry how long he de- sired to remain in Europe. Mir. Sabin said about two months.
 The committee decided Sabin would not De excused until Lawson had finished tes- tfying.
 Representative Campbell of Kansas asked Mir Lawson if he were not inter ested in the stock market.
 "Oh, yes Lawson replied.
 Have you developed preference for either side?"
 BULL IN MARKET
 "No during the last two years I have been a bear; in the last two weeks bull. ]"
 Which side of the market do leaks affect?'
 "Either side.''
 What did you mean when you referred to supreme court leaks this morning?'
 q meant advance decisions which got to the street and that it might have come through officers or attaches of the court, ' said Lawson.
 
 the court?"
 "Oh, no, I have never even heard of jus tices talking about decisions in advance"
 Have you in mind any specific in- stances?"
 NO, but there have been number of important railroad and labor cases the decisions on which were known in ad- vance. It has been a. matter of common knowledge in financial cfrcles.''
 Asked about other leaks, Lawson said the Presidents messa ges were always known in advance in Wall street.
 MESSAGES ALWAYS KNOWN
 When these documents are given in confidence" said Lawson, some people who get them pass them about the street two or three days in advance
 Another sort of leak. he said, was where somebody went into the street to ''pedde advance informant ton regarding important government affairs. These men might be confidential clerks, or others who might get the information in it's physical preparation.
 Another sort of a leak" he continued lis when some executive officer of the government, some cabinet official or mem Der of the Senate, or House may be interested in stocks or bonds. acquiring Information that will affect the market, passes the Information on to his friends.
 Lawson for names in connection with "a leak" but got none
 T have been told said Lawson, land n. z