The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-10
While Thomas W. Lawson
Says Will Disclose Names If
Congress Orders Probe
CHIPERFIELD MOVES
CONTEMPT PROCEEDINGS
Boston Financier Declares He
WillGive Information Affect
ing Cabinet Member, big Of
fetal and Big Banker

Washington, Jan. "A lesson IN
stock market speculation, several de-
malls and some more promises were
the net results OF todays preliminary
peace leak Investigation before the
House Rules committee.
Barnard NJ. Baruch. investor and
speculator." furnished the instruc-
tions on how to deal in Wall Street
as ne outlined the course of his trad
ing.
Charles IL Sa bin, president Of the
Guaranty Trust Company Of New
York. and Otto H. Kahn, Of Kuhn,
Loeb Il Company. furnished the de-
nials. asserting that they had moth
ing to do with either peace leaks or
peace panic.
Thomas w. lawson supplied the
promises. declaring that II the COM
mittee ordered 81 formal investisa-
ton of the leak charges he would
name a ca hinet member. another high
Official and.-a big banker. who we're
mentioned to him as making mil
lions" out OF the leak.
NO TRACE OF LEAR Is
DISCLOSED BY EVIDENCE
There were no traces of the real
leak In todays testimony, and Ba-
ruch. Kahn and Sabiu all entered fat
contradictions of the rumors, reports
and suspicious which connected them
with any advance information on
President Wilson'S move for peace.
Their testimony followed a renewal
OF Iawsons verbal battle with the
committee,
The Boston broker kept the hear
frs in turmoil with h!s constant re-
fusal TO name the high officials who
profltcd by the leak. Finally. after
half dozen motions to refer LAW
sons conduct 20 The House. with the
recommendation that he he held IN
contempt he told Chairman Henry
that he would divuige the names he
fore a real" investigating commit
tee II one was created.
IL shall disclose" he said, that a
member Of Congress tSentioned TO me
the name of the bank. "a cabinet mem
Der and another one, whom | will
refer to as a great official ! will
mention :he- amount of money more
than a million dollars"
What will you disclose that the
ca binet memher did o. asked Repre-
sentative Garrett.
HIEt,E MONEY WAS SPLIT
BETWEEN SEVERAL
II will disclose that cabinet off,
Ger disclosed information which ena-
hled another man to sell stocks short
at times and buy at other times. and
that large sums OF money were d.
vided among the different parties"
The examination of lawson was
concluded. but the contempt motions
are still before the committee for con-
sideration.
Bernard Baruch puzzled the COM
mtttee sadly. He explained that he
was buying stocks all through the
bear raid and they couldn't understand
for some time. that he was buying
in stocks that he was already short
In He reviewed hts peace stock deal
inEs at length, but declared that they
were based entirely on the peace move
of Germany, and the reply of Great
Britain. rather than on President Will
sons speech The European develop
ments. he said. were much greater
IN their market effect than the
Presidents move. Baruch denied the
"Biltmore breakfast" charges and
said that he had never discussed peace
with Secretary Tumulty or anyone
else connected with the administra-
ton. He told the committee with
some satisfaction that his profits
were all his own and would not be
"split."
Charles RI. Sabin. while new bride
waited impatiently for the resumption
OF their interrupted wedding trip. ex-
planned his peace statement to the
newspapers last October. He said his
information did not come from any
administration sources and that 1t was
not made public with any view to
Ns effect on the stock market The
New York banker denied that his
: wedding trip to Europe will now be re-
sumed--was designed to remove any
books or papers from the jurisdiction
OF the committee.
BARUCH ON STAND
. MAKES INTERESTING WITNESS
Bernard M. Baruch. who looks like
= refined and modernized edition Of
Israel Zangwill, furnished the most
brilliant testimony of today's Teak
hearing" When he took the stand
he explained to the committee that
his business was that of an investor
and Spectator" with Offices at III
Broadway. His first testimony after
his Introduction to the committee was
with regard to the alleged leak. He
said:
n want to make complete state
ment on this general point first. /