The Washington times., 1917-01-26
LEAK. PROBERS
WIDELY DIVIDED
Republican Members Would
Direct Inquiry on Acts Of
Officials.
Continued from First Page.)

Continued from First .Page.)
Mr.. whipple said: 81 believe Il will
/ be very important. The COMMITTEES
Is not seeking to establish, any prop
osition."
rs leak synonymous with PROPOSE.
tion?" Mr.. Whipple was asked. mo,
the committee is trying to ascertain
the fact $. II 1t has any theory, II Is
not trying to establish 1t. The In.
vestigation is different from q trial.
In this investigation no one is trying
to prove there was leak or that
there was not. No sides are taken"
May Never Run Down Runners.
There are strong indications now
that. with the committee following
theory Of a bear pool organized to
avail itself OF the first disquieting
news to sell short and eliminate the
dangerous imitation of prices. the pub
lie will never get nearer than rumor
to the nature of the leak that ruined
traders by the score and made mill
Ions for insiders. Indication that the
committee II not determined to in
vestigate leak as much as Il II to in
vestigste Q bear pool are confirmed
Thomason visconti, who Ii said to
have mentioned the name Of w. w.
Price, White House newspaperman,
and Joseph P. Tumulty, the Presi-
dents secretary, will not be called.
The sequence OF events with which
committee investigators have now
familiarissd themselves 10 striking In
its Indication Of the leak that was
promptly organized into a bear raid.
Few far the committee will get to-
ward establishing the connection Is
a matter OF great doubt because OF
the procedure Il has been necessar::'
to adopt. This procedure now ap-
pears to be such as to enable any !c-
Iuctant witness to conceal traces OF
q leak.
Sequence Of Events.
This IL the sequence OF events to
which some committee investigators
have given shrewd attention:
Monday, December 1s-The peace
note was received In draft by Secre-
tary Lansing about .. m.
Tuesday, December Ie-This was
day OF the Lloyd George war mes
sage, which began to come in by
cable at 1:l0 D. m The speech sent
the market up. This rise was fol-
lowed by indications of Q coming
crash because OF heavy selling that
bore the market down all day. Be-
tween the receipt OF the Lloyd
George war message and the active
short selling, something occurred to
give the bears remarkable confidence,
or the bears then began to act upon
information of q sort to give their
movement confidence and impetus.
II should be remembered that on
this day the market reports carried
no hints OF Wilson peace note; that
on the contrary the information was
to the contrary.
wednesday's Developments.
Wednesday, December 20, the
q drag movement all day, and at the
close of the market prices showed
no tendency to recover even slightly
as they had at the close of the mar
ket on Tuesday. Secretary Lansing
saw the newspaper correspondent Al
IL o'clock Wednesday morning, and
told them that there would no no
peace note: that a note had been sent
to the beIligerents having nothing TO
do with peace in any way and prom.
isinE that the communication would
be given out that afternoon between
and o'clock for publication in
Thursday mornings papers.
Thursday. December 81, the peace
note was printed. The market broke
at the opening. and at noon th.le
was a rally. During III. day there
were three breaks in the market.
and the talk OF leak" because
Of selling that seemed to expert
encod persons in Wall street due to
inside info nation from Washington
was started. There was talk at the
opening Of the market Thursday
morning TO the effect that there had
been a leak on which insiders Ut
Washington and their friends had
profited.