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Show ' WL York Man Tells Enate Committee An Wounding Story of Kpersonation of Oth-1 Oth-1 Men to Influence Sail Street Financiers Krj Attorneys. KES ATTACK ON ME UNION PACIFIC Sims Books of the Bpmpany Were Forged Hhe Extent of $82,-0,000 $82,-0,000 Several Years Hp; Lewis Cass Lecl-Krd Lecl-Krd Takes Stand Arm- With Documents. SHINGTON, July 2. A Btory of HpttJintation, impersonation of K'rnen, and organized effort to in-Btt in-Btt Wall street financiers, prob-without prob-without parallel in the history of Kgdosal investigation, was im-Hjl' im-Hjl' today before the senate lobby Kprosperoua looking, self-possessed jfoal calling; himself David La-tf La-tf ,New York, solf -described as an Bltor in stocks," and admittedly Berer of several assnmod names, 3K6 principal in the remarkable Hti, With entire abandon, arous-.B arous-.B committee to laughter at times i. naive admissions, he told of his ipnations, his participation in at-iB at-iB to influenco "Wall street opera -jH lod Lis association with Edward !MBsh, a New York lawyer, in fjHl to have Lauterback retained Morgan firm, the Union Pa-Bud Pa-Bud othor great interests to head fpupessional activity in "Washing- Game to Limit. aBWaphoneJ to financial men and n names of Represents!-JMpraer Represents!-JMpraer and Reprosentativo Bior-HHe Bior-HHe assumed the guise of Ohair-PlcCombs Ohair-PlcCombs of tlie Democratic na-jKommittce na-jKommittce to telephone to Chair-lHj68 Chair-lHj68 of the Republican national Cas3 Ledyard of New Tori;. jHrfcr Uie Morgan firm, was one JBtUemptetl victims. Mr. Ledyard j.'he witness stand today armed jHtaost a verbatim account of all JBeRatlons held with Lamar, who 5B?Niented himself as Congressman he read the. record of the ''IB? hi themselves unusual In JE?4" mar, sitting near by. JK-8"! nodded, saying "that's slapping his les with appar- BEa1086 of his impersonations. La-le(J, La-le(J, Was to Bocure relnstate-J8 relnstate-J8 frlnd. Edward Lauterbach, I flB grace3 of the Morgan firm. iBfoach Recalled. Blth ? th commltleo tonight de-JK, de-JK, 1 La,"ar remain in Washlng-nPPearanco Washlng-nPPearanco tomorrow. Edward BubIh Wh rccenUr teBtlflod before rKr i ' Was recttllfcd from New 'MSi, Ph ton,8l"i and Henry JHlh..? 105511 man who haa figured ,ti. . uf 0,0 "anti-trust league," 'luljpoenfted to appear. $RL hTa ho prepared the reoo-rfKut- ft 8tanIey Investigation of .the SiJMiwA U " glvcn to rartln, Btctlv Con6rMBniaI1 Stanley. SKw' Bal,J' was introduced AB' ' r 0reflantatU-eB by Mr. jlK-, J"" but a few "technical fKr 11? ortlna form. SMTat . , that there had ben any v 0rt ng mno ii'om any of K-tJ! "cU men. Tho ntory klKfc? if .V10 dtt7' niainly through j "tljnny, indicated that tho IBwbih 10 r10"6 rnombcru of AC, Drm- tell them of the 5Bmr . invcatleatIon resoluUon yWth is Prepared: but that Hr 'ilt.?rEan flrm "rnbero would- otoPtoit!ho n,attor or roal;e 'FiV6Ta ho war for Lauttsrbach k'Wiir .iv ara' accordln,r to tlio xf6" by ledyard and corrob-JtfK& corrob-JtfK& wr' ln ri inten-low on 'SrjBtcn' th " betwoon Ledyard and ftfc-2!jer ioclttrod he came WtiQU6d 00 PaBe TWO.) MISDEEDS OF LIAR FULLY CONFESSED (Continued from Page One) direct from Senator Slono, who represented repre-sented Speaker Clark, and that he had a proposal -to make to the Morgan Interests Inter-ests for the heading off of congressional activity against the steel corporation. Senator Stone tool: the stand before Ledyard had finished" and denounced the whole thing an a malicious fabrication and a "common He." Members of tho senate committee agreed in the belief that it was a fabrication, and Lamar lnugl'.inglv clinched the matter by breaking break-ing In and admitting- there was no truth In the allegations. JTe admitted that he had prepared the outline of the conditions condi-tions that should bo submitted to the sicnl corporation attorney, but he could give no explanation of his purpose, except ex-cept thai the whole thing was a farce. The story of how Ledyard had kept Lamar La-mar on the telephone time after time un til he could locate- the real congressman rahr.fr In Washington: how he had once succeeded in getting Palmer over the long-dlsrance phono when the bogup "Palmer" was on another telephone, and how he had finally traced the Impersonator Impersona-tor in .1 telephone In Lamar's apartment on Riverside drive, held the committee and spectators almost dumbfounded for more than an hour. Attacks Union Pacific. Paul D. Cruvath. one of the attorneys for the Union Parlfh and Maxwell Everts, counsel for the Southern Pacific, testified briefly as to their experiences with the telephone Impersonator. During his testimony early in the day Iimar interjected an attuck upon the Union Pacific, claiming there had- been a falsification in the books of the company com-pany In 1901 by which nearly $$0,000,000 had disappeared from Its surplus. Mr. Cravath Immediately denied this, terming Lamar a "llnr." a characterization characteriza-tion which the committee Insisted should be withdrawn. Cravath declared the attack at-tack had been expected for several days, as a part of a bear raid to depress the value of the stock for speculative purposes. pur-poses. While Lamar was on the stand, Chairman Chair-man Overman endeavored to make him give his real name, but the witness ro-fuspd. ro-fuspd. He admitted, under Overmans queftioning, that he had been in Denver under the name of David H. Lewis, but denied he had used tho name of Simon Wolf. He said Lamar was not his name, but declined to give the committee further fur-ther Information. Statement in Detail. Lamar's statement today before the senate lobby committee regarding the al leged forgery of the $82,000,000 on the Union Pacific railroad's books in 190U was substantially as follows: "In the summer some time in late 1301, somebody forged the books of the Union Pacific Railroad company to the tune of $S2,000,000. Who It was I do not know. As a consequence the men connected with the company Immediately thereafter got 332,000,000 in cash as the proceeds of that forgery .and that $S2,000.000 was the fulcrum through which all these giant monopolies and conspiracies were fastened on the lines of railroads serving the territory from the Rocky mountains to the gulf of Mexico and from the Pacific Pa-cific ocean to the Missouri river, and, more than that. It was the fulcrum through which this group of men Har-rlman Har-rlman to tho extent of $150,000,000 or $200,000,000; Kuhn, Loeb & Co.. and one or two others, to the extent of $50,000,000 or $100,000,000 were enabled to acquire those gigantic fortunes." The first consolidated balance sheet of the Union Pacific Railroad company as of June 30. ,1900, showed the evidences of what had been going on from Juno 30, 1S9S, to June 30. 1900, and this is what had happened: "In the reorganization, the old Union Pacific had lost control of what is known as the Oregon properties. They consisted of the Oregon Railroad Sb Navigation company and the Oregon Short Line Railroad company. Betweon the dates I have mentioned, the new company recovered re-covered them and paid for them, first by an issue of its own securities and secondly sec-ondly by an assumption of debts of .these companies, and as I have already said, the consolidated balance Bhcct of June 30, 1900. showed for the first time the consolidated con-solidated statement of all these companies. compa-nies. Alleged Duplication. "On the debit side appeared the amount of securities Issued and the debt assumed as-sumed against tho acquisition of those properties. "On the asset side there appeared a credit equal to the entry value of all Ihe physical properties so acquired and then again there appeared a duplication of that. The same amount was entered over again as representing the value of the securities which In turn represented tho value of the physical properties acquired. ac-quired. "The sum of SS2.000.000, or its equivalent, equiva-lent, was entered twice on the asset side. But up to that time the transaction was only open to the objection and criticism that it represented a piece of clumsy bookkeeping, for, again on the debit side, there appeared an entry corresponding, treating the securities owned by the Union Pacific railroad as though thev were still afloat and In the hands of the public: hut the following year, 1901. somebody erased that entry on the debit side. "So you had the entry on the one side of the amount of securities- Issued bv the 1 Union Pacific Railroad company and the I amount of debt It had assumed, representing represent-ing the payment of the purchase price. That on the debit side and on the asset side here was represented by a corresponding corre-sponding entry of an equal amount representing repre-senting the physical value of the property. And then, again, the same entry over again. And that condition existed as a result re-sult of this forgery as a result of this erasure. |