The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-01-30

WHICH, llc UdScQ dlly VI LILO O1OCl
AS proof of his assertion that he
was unaware that note was forth
coming from the president, he was on
the buying side Of the market when
news of it became public. he said.
Neither he nor any other man would
have been caught in such a position.
he declared, il he had foreseen the
note.
Baruch also pointed out several other
errors he made on the market during
the 13 days of his profit taking. On
several occasions he was forced to
sell stocks at a loss, he. testified, and,
finally, on the day before the presi-
dents note was made public, he over
looked the Dow Jones ticker "tp"
which he mad in his Office, that . note
was expected.
"l covered that day." he said. land
l al sorry aid."
Testifyikg that during the "leak'
period he had called up Secretary
McAdoo, Baruch explained that he
had done 50 at the instance of Col. e.
NJ House, President wilson's adviser,
to suggest to the secretary the name
Of a man to fill a vacancy in the board
Of the federal reserve bank Of New
York. He said that Col. House had
called him on the telephone and said:
There is a vacancy in the federal
reserve bank. don't know anything
about those fellows down there. Won't
you suggest name?''
Baruch said he did so; Col. House
thought the name satisfactory and
asked him to suggest it to Secretary
McAdoo.
~ rSr--
Whipple, counsel for the committee,
began reference to Ambassador Won
Bernstorff in his examination of the
German officials friend, Archibald
White, the New York financier, he
suddenly closed his direct interroga-
ton Of White today after obtaining
denials from him that he had re-
ceived advance information from any
German official regarding any recent
peace movement.
Having established the close rela-
tions between White and the ambas-
sador and uestioned the witness close
ly about alleged efforts of Thomas w
Lawson to arrange a meeting with
Won Bernstorff, ,Whipple today drew an
expectant audience to the hearing
room. Then, with rumors of possible
sensations flying fast, Whipple asked
White less than half a dozen questions
and turned him over to the commit
-eei for further examination.
Reading first from testimony pre-
viously taken by the committee in
Whipple brought out that
details of the German governments
peace proposals and President Will
IL,
nan official headquarters here and in
before they were made
public and asked White if he received
my advance information about them
through such channels. White an
,wered negatively.
"Have you, or have you had, any
in which persons in official
ife were interested?" Whipple asked.
NO" White answered.
Representative Campbell then took
1p the examination.
did Lawson suggest to you." asked
Campbell, "that the market was top
leavy and that a suggestion of peace
would start the market down and that
t was a good time to get all your
riends into a pool?"
"No sir" said White.
Campbell tried to learn specifically |
What White and Lawson talked about
1t their various meetings in New
York at or prior to the time the
peace situation was big factor in
he stock market. All that White |
would say was that they talked in
general terms about the war and
ts economic effects
He said he could not recall ever
having discussed various specific SUB |
ects which the congressman sug-
rested to him-the German peace |
the Lloyd George speech |
n reply, or the arrival Of the Deutsch-
and and the U-53, or President
Wilson's attitude.
"You had advance information on
he arrival of the U-53, didn't you?"
lsked Campbell
"I did not. I knew nothing of 1t
Until I saw it in the newspapers"
do you think" put in Representa-
i've Chiperfield, that your conversa-
ions with Lawson are equivalent to
! full course in romance literature ?"
'I couldn't say that. I didn't take /
lis conversations seriously"