Omaha daily bee., 1917-01-10
BANKER HAS HUNCH
WILSON REQUESTED
BY KAISER TO ACT
Charles H. Sabin, Trust Com
pany Head of New York, Has
Advance Tip Of Informa-
tion About Peace Note.
NOT FROM U, S, OFFICIALS
Told Financial Writers His
Duty to Suggest They Sug-
gest to Country Par
leys Near,
TALKS TO THE COMMITTEE

ALLAN L " 41I SSWAA = A11
Washington. Jan. 9.-Charles ii,
Sabin, president of the Guaranty Trust
company of New York, went on the
stand at the opening of the leak in
qury this afternoon. He testified he
was in no was connected with the
Stock exchange and said he did not
know in what connection he was
called
1T has been said" Representative
Chiperheld told him. that you called
the financial writer's of New York to
your bank and told them you felt it
your duty to suggest to the country
that there were to be negotiations for
peace and you felt they would affect
the price of stocks. Ii there was any
thing of that kind suggested please
outline it"
Il shall be glad to do so,' said Mr..
Sabin. an October | said to news
paper men that had information
that the German government had
asked the president to approach the
allies on the subject of peace"
did you make any statement in
this connection as to the effect that it
might have on stocks"
Talked to One Man.
Il talked to only one man on that.
! He asked me what effect it would
have. | did not venture an opinion"
Evidently you were in possession
of some information not generally
known"
a think | was" He added that the
source of his information was in no
way connected with the United States
government.
Would you object to stating for
what purpose you made this state
ment"
Purely my personal judgment that
it should be known" Sabin replied.
Sabin was excused from telling the
source of his information about the
German peace proposal because he
said it had been given to him in conf
dence by some one absolutely without
connection with the government Of
the United States. He was released
by the committee from further at
tendance.
Denies Advance Information.
Bernard Baruch of New York de-
MED that he had any advance infor'
nation regarding President Wilson's
peace note. He said:
81 had no information OF any ma
ture from anyone connected directly
or indirectly with the administration
or any other sources in connection
with the presidents peace note OF
Won Bethmann-H -Hollweg's speech unit
/ | read of them in the newspapers"
Baruch was named by the mysteri
GUS "A. Curtis" in a letter to Repre-
sentative Wood of Indiana as having
prohted largely by leak information
on the note by selling short on Unitee
States Steel. #%
General Denial by Kahn.
Otto H. Kahn of Kuhn, Loeb 8
Co., New York, followed and rea'
into the record a statement denying
\ all connection with any leak. HI
was excused.
Allen Curtis Boston, followed Mr.
Kahn and denied authorship of TIL
"A. Curtis" letter upon which Rep
resentative Wood based his charges
He wrote his name for the commit
tee to show it was not the signatur
on the letter.
Bernard Baruch called, said h
first learned OF the presidents peac
note on the morning that it was is
sued. At the time of the marke
furry, he said he had been buyinl
United States Steel.
Cause of the Flourry.
"The thing that affected the mar
ket," said Baruch, was first Vo
Bethmann Hollweg's peace not
from Germany. That was followe
by Lloyd Georges speech in Parlia
ment, which at the very outse
tended to strengthen the market Dc
cember l9.
"Thc first cable bulletins said tha
Lloyd George refused to conside
peace at all Later, as the full speec
came through, Lloyd George went o
to say But, and left the door ope
to possible peace negotiations. Tha
caused decline in the market.
Notice to the World.
at was a notice TO the world tha
there was no final bar to peace, ant
whether it was coming at once c
not, we had to turn our minds to ii
: effect on the market. Bearing th
) situation before me, sold the markt
short Tuesday before the speech whe
Lloyd George uttered the word but
} THE next day bought little owe
} one third of the stocks | was short oil
r or more than one-half of the stock
| had sold on the Lloyd Georg
l speech.
| December 20, the day after tn
Lloyd George speech, | bought
t large amount, continuing to buy I
cover my shorts, and | also bougl
some long. | knew nothing of tn
presidents note until it was publishe
on the morning Of December 21."
, Rev. Mr.. Fouse Comes Out
i, In Favor of Birth C0ntr(