The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-31

i HhdhCIer, denied TO-DAY mat ne ii''"
received any advance lhtofinat,oii
I from Ambassador Won Berns'orH. ms
friend, or any other German otnciai
regarding any OF the recent peace
movements. White continued ms tes-
umony before the House committee.
Direct examination Of the witness
/ by sherman l.. Whpple, counsel Tor
the committee. was concluded, ana me
members of the committee began
+ questioning him.
/ White also denied that he had any
accounts in which persons IN oihcial
J life We're Interested
Did Lawson suggest to YOU, asked
/ Representative Campbell, EepuollcaH.
that the market was top heavy and
that suggestion Of peace would
start the market down, ana that IL
was good time To get all your
friends into n pool
mo, sir" said White
Discussed Effects OF War With lawson
Campbell tried to learn what White
and Lawson talked about at their
various meetings in New York about
the time the peace situation was
| big factor in the stock market.
White said they talked lin general
| terms" about the war and its eco
nomic effects" He could not recall
ever having discussed the German
peace proposals. the LLOYD George
speech in reply, or the arrival Of the
Deutschland and the t-53. or Presi-
dent Wilson's attitude"
You had advance information on
the arrival of the It5S, didn't you?
asked Campbell.
II did not I knew nothing of it
until saw IT in the newspapers
DO you think Lawson ought to be
in an insane asylum or behind the
bars which -
Il have no opinion on that. 1t Is
not within my jurjsdiction,' replied
the witness with laugh.
Didn't you realize when YOU saw
Iawsons TESTIMONY published that
there might be an issue If perjury
raised between you and him. How
was II you made no effort to have
him retract?"
This is my first appearance before
the committee" replied White, and
{ didn't think the manner in which
he mentioned my name very import
ant"
DO YOU think" fnterrunted Rep
resentative Chiperfeld. that your
conversations with Lawson were
equivalent 10 fun course In ro-
nance literature
II couldn't say that. I didn't take
conversations a.
barney Rarucb Willing Witness.
Parnev Rarnrh was then called to
tho stand
Rarucb declared Voluntarily that he
n.,s readv IN anevcr any questions
f,,}I,.
o. Doceuhor no said no bought
oon sharns IF ctoel exnectirg II TO
,i.a ~, :, .5id,,.t 81 he eoId the
fn1lo,,,;,a "a ~ a iose ~ about !
r.1,i,,,r ,r,a, ,,o no address of
", pathraIIo,t,,ae ,n tho
p o etahs,ar raarar,f,,r, ,'o5co pornrb
r1jd 80 sosoaaaim,, .t,a oefact No
snnac,s u'o,,id go -, n,ar,,nt a., no
rer,hnr - he col, sbort dealing in
Loo shnra 80 cto.i 49,. 40.
1r,,,.,,i,,n pri,,, rno,,ard pcacc
pann,i ,oa,aa Iaito'.aS vic
Ill -. tao,,1.a,s Do o,
~ -" sl.o" nc -. .h &c.,,
iioil"eB speech ihaiheo the TURN
nag point toward peace.
Iea'I%eu. ne Si'@. ',l%t VIZ
people mihds. heretofore thihkihS
ohly Oh war "oui' turn 10 thlhklle
OF peace mat OUTSIDE OF the bet'er
lhihgs they would thlhk OF what el-
rect peace would nave on business
ana hnance, ana mat man ought
TO act quickly In selling securities"
Baruch said he was guided in
''''A''iS vi Wv iA''i nv 7'tNiS ny III
formation CLEANED from a ticker SER
vice and the newspapers. He always
bought securities outright, he said.
When he learned OF the Bethmann-
Hollweg speech Baruch said, he was
in the office of another firm nego-
tiating the purchase of some securi-
ties. II didn't buy them" he said.
II went hack to NV own off1res and
began to sell everything I had"
he said no sofia etno, tnca,,sa .it
was practlcauv AT the ton"
rccbnira, Si,uatio,, ma
.',rhe technical aitaatin,, ,sas Nod
he said nm tho pnthman,st4ottr,
snaech u.as tho nrtnnira, ,aaaa,,
sold ana that eneaon stif} 80. w.
a nalI nyor Tho sit,,a.toai '''''s' Inc
" w. ~, ~ -. l'oi',
"T 49, r,her, 'a,'as o io1 pea'e
gotnr "a raIso tha ,,,isohtae ~ "as
SonIs i"i9o INC iiiAscHlei IN the
The brotsr sa,a tho, bic no
tai onerationa, undonhtsa,,, ar
scented those Of anv VIII 49,. =; ~
stock market 90 N''0
Raruch went into ,4e4af, GO ~ his
stock market operations ON Ilecems
Der A he sold short 500 more SHARES
bringing ne crr,,,, l''oie s-i"a -
600 shares
| On December y the market broke