The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-10

charges in the A. Curtis letter, sub
mitted to the committee by Represen-
tative Wood.
MAKES SERIES OF DENIAIkS
COVERING ALL CHARGES
THE statement that had three or
four days advance information of the
forthcoming of the Lansing note to
the belligerents is absolutely false.
The statement that / have con-
ferred with Joseph p. Tumulty. the
Presidents secretary with regard TO
the note Is absolutely false.
The statement that 1 breakfasted
with or otherwise associated with Mr..
Tumulty at the Biltmore Hotel, in
New York, Is absolutely false"
Baruch named his brokers, Baruch
Brothers, Lansburgh Brothers, A.
Housman & Company, II. Content &
Company and Fred Edie e Company.
Now. Mr. Baruch," said Represen-
tatlve Lenroot, Il want to know If
anyone else besides yourself is d.
rectly or indirectly a participant in
the transactions which you have just
described?"
mo one but myself" answered
Baruch.
Have you or do you expect to make
of the profits of this transaction ex.
cept to yourself7"
II do not said Baruch, with a
satisfied smile and some satisfaction.
rs 1t true that Otto H. Kahn, of
Kuhn, Loeb and Company. Is asso-
ciated with you in any way in this
transaction"
1T Is untrue"
TT has been asked II william C.
toll - et, -
anything to do with sharing this
profit"
He has not"
SAYS SHORT SELLING
MAINTAINS BALANCE
Baruoh's testimony ended by col
loquy with Chairman Henry as to the
ethics Of short selling. Baruch de-
clared that short selling was abso-
lutely necessary to the preservation
of the markets balance in times of
panicky conditions brought about by
outside news.
Following Baruch. the correspon-
dents of the Dow Jones Agency were
examined by the committee. but moth
ing to indicate any leakage OF ad-
vance news was brought
sABIN EXPLAINS WHY HE
GAVE PEACE INTERVIEW
Tho examination Of Charles II. Sa-
bin was brief Sabin made a state
ment to the committee regarding the
peace information which Sabin gave
to the press in New York In October.
He said:
Early in October--about the 9Th,
I Think sent for the financial writ
ers. Some six or seven OF them came
to my office and / told them that
information had come to me to the
effect that the German government
had tho intention to approach the
United States in the matter OF some
movement with view to peace. I
had no thought Of the effect on tho
stock market IN my mind. 1 thought
that any impending movement IN the
direction Of peace was news that
should be in public possession
Did this information come to you
wholly or in part from any official
Of the United States government or
any branch Of the United States gov
Chiperheld.
mo, and I am speaking under
oath" said Mr. Sabin. NO United
States official In Congress or in any
official capacity serving the govern
ment, or any officer either directly
or indirectly connected Herewith gave
me tho information. 1t came to me
neither oy or through OF 1Toin any
official"
President sabin denied the state
ment, made to Speaker Clark by
Thomas W. Lawson. that Sabin meant
to take out of the United States books
documents or papers which might be
needed" by the committee.
Otto H. Kahn reiterated his state
ment made to Chairman Henry a
week ago that he was In no wise
interested In or implicated in any leak
or the speculative market which foi-
lowed the leak He said he had never
sold a share Of stock short in his life.
ALLEN CURTIS KNOWS
NOTHING OF LETTER
Allen Curtis of Curtis & Sanger,
New York and Boston brokers. testt-
fed that he was not the author OF the
"a Curtis letter which formed the
hasia of the suspicious connecting the
names Of Baruch and Tumulty. He
was shown the letter furnished the
committee with copy of his own
signature, so that the comparison
might be effected, disclaimed any
knowledge OF any other A. Curtis, and
was excused.
LAWSON SAYS WILL TELL
1T THERE'S A REAL PROBE
Thomas W. lawson, who was on
the stand at the morning session. told
the committee that he would, II a real
investigation started, disclose the
names Of the people he knew to be
enjoying the profits OF the leaks and
the names of he infornants as to
these persons.
This promise calme after a session
OF wrangling in which several mo-
tons to hold Lawson for contempt
were made by committee members.
"Mr. Lawson" finally asked Repre-
sentative Cantrill. of kentucky, 'if
the committee should report this reso-