The Birmingham age-herald., 1917-01-31
.JANU 5e6 enares reducing his short account
N THE PICTUREsSAND OUn 2Hzgs: 3- 5 ;.s: ~: :.

cen December 10 and December 23 iAs net profits were s476, AT, he testified. l Touching on his December 19 deals, | Whipple asked Baruch if they were af- fected by any information from Wash ington regarding the administration at titude toward peace 1 Absolutely not" he replied | 'Dld you receive any information from Washington regarding the administra- tion's attitude ?" Whipple asked. Absolutely not" he replied. If had known of the Presidents note that day I could have started in at 10 o'clock and l sold all day.
 Baruch said he had anticipated the ! Lloyd George speech replying to the i German peace proposals on December 19. Baruch was asked if he considered his operations at this time large.
 FAIR" OPERATIONS "oh, they were fair operations, but I've done larger"
 A general denial was offered by Ba- ruch that he had any communication with anyone in Washington about the time of the Presidents peace note in re- gard to 1t.
 Barueh said he never talked over the telephone with Secretary Tumulty or dis cUsSed the peace note with him. The story that he had breakfasted with Tum- ulty in the Biltmore hotel, he said, was 'moonshine."
 There is one fact in connection with this whole matter which has been very generally overlooked Baruch volun- teered. That is that Japanese people, than whom there are no cleverer in the world, took steps to close the stock ex- change immediately following Won Beth mann-Hollweg's speech"
 This action noted by Baruch on Decem- Der 13 increased his desire to sell, he said.
 "The situation in the Japanese market was similar to that here" he said They don't let them sell short over there, though"
 After Baruch was further questioned by several of the committeeman as to the details of his operations the hearing re- cessed until ? o'clock.
 BARUCH MAKES DENIAL
 A rumor which Mir Whipple said had come to the committee to the effect that Baruch sometime during October, No vember or December, had dined with Count Von Bernstorff, MT. White and Charles Sabin, New York banker, who early in October predicted a peace move, was denied by Baruch.
 HUTTON ON STAND
 E. F. Hutton, head of E. F. Hutton X Co.,, of New York, a commission house, was the first witness during the after
 
 brokers of Washington, of which R. w. Boiling, a brother-in-law of President Wilson, is a member, is a correspondent of his firm.
 Hutton explained that his firm had private wire between it and its corre- spondents, over which transactions are carried.
 All news of world events, likely to af- feet the market, MT. Hutton said, came itc ntc ticker service, and newspapers.
 Asked particularly if he had any other means of getting Washington news, Hut ton replied negatively
 Hutton astonished the committeeman when he told them that just prior to the peace period" in the stock market, his firm had $28,00000O outstanding in loans against customers margned accounts
 Evidence that New York brokers had information earlier than 124S p. m, on December 20, that the state department was going to issue a statement on peace was adduced.
 The evidence was placed before the congressional investigating committee by E. F. Hutton, in the form of a confi- dential telegram he had received over the private wires of his firm from his correspondents in Chicago, Clement, Cur tis & Co.,
 It was dated as having been received in New York at 12:4S D. m., eastern time, December 20, and read in substance:
 Hear state department is going to is- sue statement on economic situation in attempt to promote peace What do You think of this and how are you on stocks?"
 Hutton then produced the telegram he sent in reply: GI&@ ~
 "Our Washington wires have same in- formation as yours Others have similar information. We put it out.''
 The Washington wire referred to- Hut ton testified, was from his Washington correspondent, F. A. Connolly & Co., a partner in which he had previously testi- fled was R. w. Boiling. brother-in-law of the President. The original of this Washington message, he said, was miss ing, but Connolly, whose name was signed to the message, was on his way to New York prepared to testify tomorrow as to all he knew of the 'leak" situa- ton.
 Has MT Connolly told you where he got his information?" Whipple asked.
 He said it was general gossip" Hut ton replied.
 At 1:54 p. m. the same day George A. Ellis, member of the Hutton firm, sent a message to their correspondents, giv- ing them details about the Presidents coming message. The entire text the message said, would be given out that night.
 MT. Ellis, Hutton said. is i'll in Georgia
 The text of Ellis message, which was summary of all the informa tion Hut ton & Co. had regarding the peace note, was as follows:
 We are confidentially informed a high ly important message to all belligerents 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 if there is peace, and warning 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"
 Mexicans Are Given Baths
 El Paso. Tex. January 3O.-Nine hun