The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-01-30
New Yorker Declared He
Did Not Receive Advance
information
COULD NOT RECALL
TALK WITH LAWSON
All He Could Say Was That Their Con-
versation Was in General Terms
fects = Barney Baruch Called.

NEW YORK, Jan. 30-Continuing his
examination OF Archibald +. White, the
New York financier today, Sherman J..
Whipple, counsel for the house committee
investigating the alleged leak on President
Wilson peace note, brought out, through
reading of testimony taken in Washington,
that details of the German government
peace proposals and President Wilson's
peace note were known in German official
headquarters here and in Washington be-
fore they We're made public and asked
White if he received any advance informa-
ton about them through such channels
White answered negatively
Have you now or have you had any ac-
counts in which persons in official life
were Interested" Whipple asked
! No. White answered.
Representative Campbell then took up
! the examination.
Did Lawson suggest to you" asked
Campbell that the market was top-heavy
and that a suggestion Of peace would start
the market down and that it was a good
time to get all your friends into a pool?"
so, sir, said White.
Campbell tried to learn specifically what
White and Lawson talked about at their
various meetings IN New \ Aork at or prior
to the time the peace situation was a big
factor in the stock market All White
would say was that they talked in general
terms about the war and its economic
effects
White said he could not recall ever hav-
ing discussed various specific subjects
which Congressman Campbell suggested to
n-the German peace proposals, the
Lloyd George speech in reply or the arriy-
al OF the Deutschland and the U-53 OF
President Wilson's attitude
~ on had advance information on the
arrival Of the U-53, didn't you?" asked
Campbell
Il did not. | knew nothing Of it until
| saw il in the newspapers"
Do You think, put in Representative
Chipertield, that your conversations witt
Lawson were equivalent to a fun course in
romance HtcratureZ"
II couldn't say that | didn't take hi,
conversation seriously"
, After il had been brought out that
Whites concern, the Federal Chemica
, NcAL'A'tAhN' III hltltii ne SdItl yesterday ht
, had tried to interest Lawson, manufac
tured products used in making munitions
he was excused and Barney Baruch. who
sold short heavily just before Presiden,
Wilson peace note was made public, wa.
called
White was asked to hold himself il
readiness to appear again in another con
? nectIOn.
Baruch declared voluntarily that he wa,
? ready TO answer any question fully.
n Baruch testified that his profits or
: the market between Dee. 10 and Dec. .:
: were $416,l6S. Every cent of his profit
: he declared, was due to his foresight i,
interpreting speeches by Won Bethman
! Hollweg and David Lloyd George a,
0 meaning peace was coming. Not a sin
] gle transaction, he said, was influence,
t by advance information that the Pres
e ldent was about to despatch peac,
e note. He received no such information
= he said, and added that he had no secre
c forces Of information in Washington o.
t which he based any of his stock opera
{ tions.
= As proof of his assertion that he wa
unaware that note was forthcomin,
s from the President he was on the buy
n ing side of the market when news of i
t became public, he said. Neither he no
d any other man would have been eauoh
r IN such position, he declared. if he ha,
s foreseen the note.
J. Baruch also pointed out several otbe
d errors he made on the market during th
It Is days period of his profit-taking. O
several occasions he was forced to Sc
II stock at loss, he testified and fnall
IS on the day before the President s not
o was made public he overlooked the Dow
4. Jones ticker tip which he ha
in his Office that a note was expected.
rumor which Mr.. Whipple said had com
to the committee to the effect tha
Baruch some time during October, \,
vember or December. had dined wit
ne Count Won Bernstorff and Mr.. Whit
and Charles S. Sabin, New York banl
-. er, who early in October predicted
j peace move, was denied by Baruch.