The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-01-31

when Hutton said that the night
the twentieth the house had account
representing 100000 shares long an'
less than $4,000 shares short.
Rumor and Common Gossip.
NEW YORK, Jan. GA rumor
and common gossip were poohe.
today to be blamed for the newly oia
covered leak on President Wiison
recent note to belligerents.
Despite the inwardness OF r. y
Connolly's Interpretation wired from
Washington to the E. F. Hutton ant
Company brokerage house, concern
ing the note on December ~
Connolly contends that he had nc
''insfde" information. Moreover, ne
denies that r. w. Boiling. President
Wilson's brother-in-faw and memper
of F. A. Connolly and Company, gave
him any line on the message ana
Boiling himself denies any inside
track.
On the other hand Connolly claims
common gossip" in Washington gave
him the news about the note which
z. F. Hutton and Company spread en-
their wires the afternoon before pup
lication of the document.
Strangely enough the Hutton YER
sion mentioned the idea OF warning
to belligerents not to encroach on
neutral rights further.
And, newspapermen, confidently In
formed of the message on the tWen-
tieth, did not generally get this
warning angle until the afternoon OF
December 81, when Secretary Lans-
ing made his first Interpretation" OF
the note In his verge of war" state
ment.
Hutton and Connolly were slated as
today's witnesses
Before the end of the week the
committee expects to have several
spectacular account records of Wall
street plungers before it. One wei
posted committeeman said signific-
antly today:
Il wouldn't be surprised If we get
some very interesting things before
were done.
The committee expects TO finish its
New York work Friday and it's Wash
ington work by the end of next week.
Whether or not it places respon'
sibility for leak, the committee feels
1t has done a public service by show
ing:
That the stocks OF the outside puo-
lie on the long side are often used as
the very means for short operators to
daily with downward drive.
And secondly that the outside pub
lie Is practically always long" while
chiefly professionals are the only one
realizing that there Is short side
20 the market
Hutton was recalled to the stand ut
the start of the morning session.
Attorney Whlpple sought to find
~x,t, cafh eP No ~
from Chicago, vas the first Informs
ton the Hutton house had. but Hutton
said he did not know whether or not
Connolly. up to that time, had trans
mitted any word regarding the note.
Whipple produced the text OF Hut
ton message dated December 2n 12.s!
D. M, which said:
Stock flash:
Reports have 1t that the state de-
partment viii issue statement today,
intended to promote peace prospects,
This message was sent out oy an
operator FAMED Toomey. who prob
ably will be asked to tell Of its origin.
Links In the Leak Chain.
DEC 20, IL a. m--Secretary OF
State Lansing confidentiaIly informed
reporters of the presidents forthcon.-
ing note which he said was not a
peace message nor an offer of media
tion, but dealt with questions "tn
which the United States was inter
ested II the war continues"
Dec. 20. 1913 p. m.-Chicago cor
respondent Of E. T. Hutton and
Company, New York, wired about the
Forthcoming note, describing it as
Intended 70 promote peace pros
poets"
Dec 20, ia p. m.-Hutton house
gave similar Information which they
were putting out to their clients.
Dec. 2h-Missing link Ito be SUP
piled today F. A Connolly wired
from Washington a message on which
the above was based
Dec. 30, 1854 p. Mutton house
put out note tip interpreting il as q
warning that neutral rights must not
be further encroached upon
Dec. 20, about p. m.-Ticker car
ried rumors
What Killed the Market.
by Carl D. Groat. United Press STAFF
Correspondent
NEW YORK, Jan. 31.-Secretary
Lansing's verge OF war" interpreta-
ton Of President Wilson's peace mes
sage and not the leak TO Wall street
was what killed the market" z. F.
Hutton. stock broker. told the house
committee probers today.
IL.