New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-26
Wall Street Brokers
Giving Data Sought,
Henry Says
DEMAND MODIFIED
BY COMMITTEE
Telephone and Telegraph
Records Subpenaed;
Lambs" in Panic

Tho leak INQUIRY will be resumed IN
,bs Custom House here at 10 O'Clock
Monday morning. Chairman Henry OF
,ho House Rules Committee issued the
call yesterday to the other members
a. the committee, most of whom nov d.
ar, in Washington.
sIn my judgment" the chairman
ssid. Eve shall have all the data we
want from the brokers IN less thsn
five days"
Roth Chairman Henry and Sherman
Wbipple, counsel to the committee
.,neared very much encouraged by the
response of stock Exchange firms TO
,be request for their accounts with
customers between December 10 and %.
We're getting everything we asked
forp continued Mr.. Henry. mo broker
has refused so far and there is nc
snirit of hostility to the committee
among them. The returns have been
coming in. but, Of course, | can't ois-
.rss ,bem in detail. I believe we are
roing to get all the information '"3'
We want
"Bave YOU received assurances from
The big houses that they would comply
with tho request of the committee
he was asked.
"Yes, and l think we know Whieh '"e
..o..an+ bouses are"
still. the necessity for expeditlng
The production of the brokers data
eaused Mr.. Whipple, Samuel +. STREET,
chairman of the committee on clearing
no.se of the Stock Exchange, and
Walter F. Taylor, the Stock Exchange
.opnsol TO meet in conference yester-
dsv afternoon at the Offices Of Carter,
Iedyard & Milburn. Following TINS
eo,ference the following formal state
nent was issued:
"ln order still further to expedite
.e.ponses to the request for immediate
.rformation from brokers on the part
~ the Rules Committee, notifications
have been made, a statement OF when
will he sent out by the Stock Exchange
,fcials tomorrow morning.
The conferrees agreed not to make
aublic the exact nature Of these modl-
5cations. the second since the original
reouest Of the committee. 1t is under
stood. however, that they contine the
material desired to the accounts OF
those vino sold heavily during the
period under investigation, excluding
he purely investment accounts.
Wall Street Against Publicity
But in contrast to the cooperation
being displayed by Stock Exchange Of
fcisls and as something of d common
tary on the optimism Of committee and
counsel come the rumors from Wall
Street OF most emphatic opposition
under the surface, to any call for the
publication Of customers names and
accounts.
Even the prospect of their being
turned over to the committee on clear
mg house in sealed envelopes, with lit
he probability Of their publication in
most instances, has created almost
panic among the small army OF women
whose husbands do not know of their
speculations, among the bank ofhcers,
hcsde Of departments, business men,
CASH rs. bank clerks and trusted en-
poye whose regulations would suf-
Ter ,astrously should their dabbling
To- a chs become known.
II host Of persons tasting OF for
bdde fruits. who make up large per
cents c of the brokers customers
he ambs" of the Street-are thor
oughl frightened, and have been i'm
plorir their brokers not to give the
Cover ment accountants the remotesS
chsnes at their names. The brokers
thus approached naturally believe that
10 60 against their wishes VIII speli
financial suicide.
WIN the latest set of notifications
in the request Of the committee alter
this attitude The Street IS frankly
skeptical
II addition 10 the documentary evil
oeHcc from brokers, it was learned
We terday from Chairman Henry the
committee has sought also, by sub.
pRna i'm this instance, the records OF
All telephone and telegraph messages
which passed between Washington and
New York during the thirteen days IN
v0lved in the inquiry. The telephone
and telegraph companies have already
agreed, Mr.. Henry said, TO produce
this material and the committee may
put il in evidence at the New YORK
session In any case. he insisted, It
will ali be carefully sifted for any evi-
dence bearing upon the leak charge.
more certain feature Of next
weeks hearing here will be the testl-
mony o. Bernard Baruch. Mr.. baruch,
who is credited with cleanup
through short sales during the panic
produced by the Presidents peace note,
has already testified in Washington
and has shown some eagerness to so
on the stand here in New York.
mir. Bsruch has informed me he is
ready with a full statement OF his
transactions" was Mr.. Whipple's COM
inent on this point.
Several Wall Street houses, which
Nj Whipple described as "less than
dolen," have actually sent their data
10 Mr. Whipple direct at the Biltmore.
Th, Committee on Clearing House OF
Continued on psge 4. column