The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-02-25
Two Views of the
Forbidding
Countenance of
David Lamar, Who
for Many Years Has


w City is the latest little financial
territory in the whole wide
world. Banks and trust companies and
brokers and more banks and more trusts
and more brokers and the United States
Mint and the Sub-Treasury crowd each
other on both sides of the street and far
up to the top of the sky line of the city.
Wall Street is blocked at the Broadway
end by old Trinity Church and can go no
further on its eastern extremity because
of the East River And so the endless
succession of banks and brokers and the
stock exchanges have overflown into the
neighboring streets.
In Wall Street the game of finance is
played according to we'll established
rules. But now and then scheming out
slider with no reputable bank behind him
and no honest endeavor to build up repu-
table brokerage business creeps into the
midst of the Wall Street operators and
descending like wolf on a fold of
sheep, nips here and there and leaps out
of sight with his plumber.
David Lamar has been one of these
lowering vultures and from time to time
he has preyed upon the busy workers of
the financial district for many years un-
til he became known as "The Wolf of
Wall Street"
Like Charles w. Morse, another finan-
cial nuisance, Lamar has been trapped
and the last resort to the courts has
been exhausted in an attempt to save the
"Wolf of Wall Street" from prison cell.
Morse, too, was trapped and convicted
and safely landed in a Federal Prison,
bat the amiable, easy-going, easily-im-
posed-upon President Taft turned him
loose to the future annoyance, expense
and bother of the Federal officials, who
are now endeavoring to again put c. W.
Morse and, this time, some Of his sons,
away in a Federal Prison from which
they will not be likely to be turned loose.
Nobody in the financial district can
ever feel secure from the vultures who
nfey upon them Big captains of industry
and the heads of great brokerage FINS
like J. Pierpo1t Morgan are more likely
to be victimized than the smaller person
ages.
David Lamar, thc "WoH Of Wall
Street. led his pack il many a aid on
the. street. From his office, ten Go2:s up
in an Exchange place building, he slipped
out of the door that bore neither heraldrv
of his name or business. Behind this door
was his den, nameless and unknown ex
cept to his friends. In this lair he
Matched MS schemes. When he sailed
forth he flashed gifts of mimicry in every
role of the wolf of fiction.
Like the wolf in sleeps clothing, when
caught red fanged at one of his stock
jobling schemes he claimed that HI:
motives were for the benefit of mankind.
Witness the charges never proved that
the railroads were paying tribute by
90, Of rebates to the United States Steel
CORPORATION. This money he claimed was
coming indirectly out of the pockets of
I'll the citizens. But these charges were
discovered to be a cloak to conceal a
r',.n1-uD for himself and his friends.
Il assayed the role Of the wolf VIII
added the stream and blamed il on the
innocent lamb by his charges before
Senatorial investigation committee that
he hooks of the Union Pacific Railroad
aplDany would show shortage of $82.-
100, 900 through false manipulation. This
image was thrown back at him as le
made for the purpose of battering down
the stock of that road. And when pressed
for the proofs he set up the claim that
he obtained this information from another
man whose financial service he bought
But even this was denied.
And in his declining years he played
the part of the big-eyed wolf who
rnasaueraded and meant to devour little
Red Riding Hood, when he induced num-
Der. of women to play their hard earned
savings on stocks that he was manipulate
ing and in which their money, SO they
claimed, disappeared.