The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-01-30
NOBODY ADMITS

DOING ("
Continued nom page l.!
great move-Lloyd- George's speech,
! he. explained, as his reason for taking
the short side while the rise was on.
"On December 10 Baruch sold %, 400
! shares of steel short, "gcing to 1t as
tight and as fast as could when
saw the word but in the ticker re-
port of Lloyd Georges speech.
Baruch said complacently, he had
no information from Washington re-
garding the presidents note.
On December 20, he bought In IT.
900 shares, reducing his short &C
count to 26,5O0.
.If / had known OF what was COM
ing from Washington the next day, i,
as any one else, would have sold all
day" he interJected.
The goth was the day before the
note was published in the papers.
.Was this regarded as large deal
ing?' he was asked.
"Well, I've done larger; I've been
short of this amount often, ne re-
Plted. On the 21st Raruch closed out
his shorts at AROUND l06. He said ne
figured his entire profits December 10
to Dec. % as $476,16S.
Baruch said, under cross examina-
ton by Chairman Henry thar he had
called up Paul Warburg, of the feder-
al reserve board during the leak per-
iod but had not reached him and had
later got Secretary OF the Treasury
McAdoo on the matter Of federal
reserve board appointment. He de-
MED discussing the market al all with
them and denied having called Sec
Rotary Tumulty.
Under cross examination Baruch ex-
planned the appointment was to po-
sition in a New York reserve house.
Col. E. NJ. House, President VIII
sons confidential advisor had asked
him to recommend man for the place
and Baruch said this to McAdoo after
falling 70 resc. Was-:55aTs ne said.
The probers failed to open up any
lead which would reveal leak
through German circles. but the big
speculator spilled more colorful Wall
street romance than all other wit
nesses combined.
Baruch grabbed the "hunch" to sell
out of the air. he said. figuring that
once the peace question was opened II
would hang over the market and bus
mess WOuiu Dc dS q pcoI A"Seo1 ~
weeks.
He coolIy told of hiring special
train to take him to Washington on
December 6 in order to get there an
hour ahead OF the regular schedule.
He wanted to be sure and be on time
for an engagement at the Office Of the
secretary of war with the national
defense advisory council.
Baruch denied having any advance
on the Wilson peace mes
sage and regretted it. Lacking such
he bought 1900 shares
the day before the note was publish
ed when he should have sold, he said.
WAS this a large deaI?'
Well I've done larger" he said
1--WE been short this amount often"
Barnch denied any communication
with Secretary Tumulty during the
period under Investigation.
Effort to Find Goat.
NEW YORK, jan 38.-An effort
may be made to pin the note leak
either on German Ambassador Won
BerustorfY or certain Washington
men.
Persons following the congressional
LEAK probe closely inclined to this
view today following the persistent ex-
animation into Archibald Whites re-
Iations with the German envoy, was
the revelation that congress press
gallery member was correspondent OF
the Fisk bond house. Ambassador
Won Bernstorh pointed out that ON
cial connection gave him firm grasp
on news from both Washington and
Berlin. Bernstorf has scoffed at the
idea that he cleaned" up in the slump
occasioned by recent peace moves. in
Guiding the presidents note, but it
is not beyond possibility it Is declar-
I'd th.. be nigh. hare passed the new .
along-Quite innocenty in fact-put
With the same result as though for
market manipulation.
White, slated to continue as witness
today, had not proven particularly
Manifestly Attorney
Whfpple has been told some things
about relations between White. Bern
storH and Lawson, which thus far ne
mas been unable to confirm from
W hite.
The committee had not abandoned
its plan to cell ]. P. Morgan, Frank A.
vanderlip and other prominent m.
anciers. but results thus far promised
little hope Of any leak admissions
from the higher ups Experts are
cuIlfng out the street records, how
ever. for leak evidence.
Tho committee disliking Collector
Nalone's custom house quarters, plans
tn adjourn tomorrow to a triple-plat
ed hearing room in the Waldorf-As
toria