South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-01-31
Youthful Broker Admits Firm
Got information From
Washington and Says
Partner Sent Message.
.BR0THER-lN-LAW OF
WILSON BROUGHT IN
Books Show That Connolly &
Co. Were Not Short to
Any Great Extent Dur
ing December.
International News Service

International News Service:
NEW YORK, Jan. 3I-The time
Of the now famous leak" OF Pres't
Wilson's peace note was definitely
estab hshed today as between 1855
and 1854 o'clock on the afternoon
Of Dec 20. In those SO minutes
someone tipped of Wall Street and
thereby brought about one OF the
biggest crashes the Street has seen
in years
Steady hammering by sherman
L. Whipple. counsel tOthe congress
sional committee which is invest-
eating the leak, brought this out az
todsy's hearing.
+. +. Hutton. a youthful broker.
who admitted his firm received In
formation from washington, de-
clared he made s22, 600 by selling
short in the hectic days between
Dec. 2 and %. The FIRST informa-
tion concerning the presidents
peace move that his Office received.
he said. came from a.. a. Connolly
and company. al Washington. OF
which r. w Boiling, brother-in-laW
Of Prest Wilson. IS a partner.
" lAStI' was sent
Whipple took the kilograms which
Hutton and company sent out &C
their various connections on the
fatefui day 20 narrow down the time
OF the leak. He showed that az
1888. a flash" was put out sayine
il was reported" the state depart
ment was going 20 make a peace
move. Just Sc minutes later @
confidential message was sent out
by the Hutton people. containins
the absolute information that the
note had been sent and further
more a startling accurate forecas
OF its contents.
Hutton couldn't explain this Tbs
messages were prepared. he said
by one Of his partners. George a
Ellis who is now lu the south To-
his health.
A summons for his appearance 81
New York was issued. II viii take
him two days 20 get here. II wa
said.
Hutton's books. which ne sub.
mitted tothe committee. showed tba.
Connolly and company were moi
20 %. Never in that period. &C.
cording % HuttOn's figures. was th'
Connolly Boiling concern short
more than 400 shares.
When Hutton resumed the stauc
he said he was not certain whether
any message from Connolly haC
been received at his office before the
Clement inquiry from Chicago
Furthermore. he did not know OF
anyone in his Office who would
know
Cant you find oute" demandec
Sherman 7. Whipple. the attorney
Cpl try"
Hutton Admittedly Hay.
Hutton was admittedly "hazr
concerning various kilograms which
came and went from his once or
fateful Dec. 20.
Whipple qler.ed the broker
specifically concerning O. clash"
sent out over his wires al 1881 20
m. saying that a. was reported The
state department was preparing
peace move.
The Information. Hutton said. was
put out by telegraph operator
named TOomey. Where Toomey 20.
his information Hutton said D.
didn't know. 10 is probable Toomey
VIII De called 20 testify
The questioning developed laL
the answer 90 ChicaEo's query saw
ing "Our Washington wires have
given us similar Information. Cthe
peace moVe) was not written bv
Hutton himself. but by George a.
Ellis. one OF his partners. Ellis.
Hutton said. is now in the south Tor
his health Another partner. Bar
rett, also had something % do witt
the various kilograms He Is sick
in bed.
Hutton habitually pleaded that ne
couldn't 30 expected 90 explain what
Information his partner had had
when he sent out the conddenuai
notice 20 his correspondents that "a
note 20 the belliEerents and neutraIs
had been issued. Ellis. he saff
was about Atty miles from Savan-
nah, Ga.