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Show Seven Men in Employ of I Wall Street Ticker Services I Called Into Leak Inquiry I 1 1 Subpoenaed and Ordered to Bring Records to Washington Managers of I Telegraph Companies Summoned Lansing and Tumulty to I Appear Voluntarily on Monday. Washington. Jan. 6 At today's hearing on Represcntati e Wood's resolution res-olution for investigation of whether there was stock market leak on President Pres-ident Wilson's peace note, the trend turned to investigation of Wall street ticker services which supply news "tips" to brokerage houses. Seven men employed bv the Wall Street Journal and Central News of America which furnishes service to another Wall street newspaper, Flnan clal America, were subpoenaed and ordered to bring their records with them. Managers of the two telegraph companies also were subpoenaed to bring all dispatches sent to the two papers by their Washington correspondents corres-pondents on December 20, the day of the market crash. Representative Harrison, Democrat of the committee, declared he believ ed the so called leak was through the representatives of those two publications, publica-tions, who, with several newspaper men. had been informed confidentally by Secretary Lansing that morning that a note had been dispatched to Europe Mr Lansing, however, at that time declared the note did not concern peace and would not discuss its contents. con-tents. Representative Gardner of Massa-, Massa-, chusetts put inlo the record today a despatch sent out over the Dow, Jones j and company ticker forecasting a peace note ten hours before the note was published He declared that records rec-ords of stock market fluctuations at the same time when compared with the ticker dlspetches would prove there was a leak Mr. Gardner said he placed both Secretary Lansing and Secretarv Tumulty Tu-multy entirely above suspicion. Mr. Lansing will appear before the committee Monday without subpjoena. Mr Tumulty will also appear voluntarily. volun-tarily. FURTHER DETAILS SOUGHT. Washington, Jan. 6. Further details of an alleged 'leak" to Wall street in advance of President Wilson's peace note were sought today by the house rules committep inquiring into the subject. Representative Gardner of Massachusetts, who joined with Representative Wood in demanding tho inquiry, was called to the stand to testify . Subpoenas for seven men were ordered or-dered issued today by the house rules commltteo at the outset of today's session of tho "leak" Investigation. The men to be called are John Boyle and Henry E. Eland, of the Wall street Journal and W. A. Crawford, Ernest A. Knorr, Jr., A L. Geiger, Nelson M. Shepard and A. M. Jamieson, employes em-ployes of the Central News of America, Ameri-ca, a news service which supplies information in-formation to Financial America, a Wall street newspaper. The heads of the bureaus also were requested to bring the ticket tapes of their services for from 10 a. m., throughout the day of December 20, 1916. Questioning News Bureau. The committee wants to learn what time the Central News and Wall street Journal bureaus made public the fact that a note was forthcoming! from the president A motion by Representative Camp-1 bell. Republican, to have the New York and Chicago stock exchange no-! tlfy all their members to preserve I their sale slips of from December 10 to December 23, was adopted. Men to Testify Monday. Annoncement was made by Chair-man Chair-man Henry that Bernard E. Baruch, who is declared by the mysterious Curtis" to have profited by the so- called leak and Otto H. Kahn of Kuhn, Loeb A company, whom Representa- r tlvo Wood suggested should be call ed, wouia do nere .uonciav to testify. testi-fy. On motion of Representative Henry, Mr. Baruch was ordered to bring before be-fore the committee all of his brokers' brok-ers' commission slips from December 10 to December 23. Representative Chiperfleld of Illinois, Illi-nois, Republican, declared at the hearing hear-ing that ho understood Thomas W. Lawson of Boston had been the chief of beneficiary of the falling market which followed the president's peace note Wrangle in House. Representative Wood, author of the inquiry resolution had been called to tho stand and a wrangle between Republican Re-publican and Democratic members had been precipitated when Representative Harrison, Democrat, asked Mr. Wood why he had not satisfied himself as to the Identity of the mystery "A. Curtis." Cur-tis." "Representative Wood is not the au- i thor of the charges under inquiry I here," protested Mr. Chiperfield, "and his motives cannot be impugned. I think that we are losing sight of the fact that these scandalous charges were made b Thomas W. Lawson of Boston and it is my understanding that Mr. Lawson was the chief bene ficlary of the falling market." Representative Harrison, Democrat called attention to the fact that Wood's first resolution was produced before Lawson had made any state- . ment or before the letter from "A. Curtis" allegeu New York broker, had been received. "The question," Mr Chiperfield insisted. in-sisted. "Is whether there was a leak and whether government officials improperly im-properly profited by it." "Do you think there was not a leak''" asked Representative Campell of Mr. Harrison. There Was a Leak. 'Yes," replied Mr. Harrison, "but I think the leak came from the rep-resenfames rep-resenfames of those Wall street papers pa-pers or else the leak came back from foreign centers." Tfrnresentaf i ve Onrriner of Massa chusetts who on the floor of the hous I on January 3 said that he knew that there was a leak and that the whole stock exchange transactions showed it was then was called to the witness stand. Representative Gardner testified he was convinced there had been a "leak" because at 2.05 p. m., December Decem-ber 20, ten hours before the peace note was released for publication and four hours before it had been placed in thp hands of news association6-, the following dispatch was sent out over the low, Jones and company ticker. Private Wire Used. "The heavy selling of the market is due to reports received by brokers' private wires from Washington to the effect that the administration will. In the near future, address to the bellig erents some suggestions or proposals in regard to peace. Nothing definite is obtainable in administration circles." cir-cles." "There is your proof of a leak," said Mr. Gardner. "Miracles don't go on the stock exchange and Dow Jones and company don't deal in prophesies." prophe-sies." Mr. Gardner added that his attorney would be here next week and by submitting sub-mitting figures showing the fluctuations fluctua-tions on the stock exchange on December De-cember 20 convince the committee that there had been a leak Sun Hints at Peace Note. In his statement to the committee Representative Gardner also said that while the Wall street Journal on December De-cember 20 stated "there will be no peace manifesto Issued by President Wilson." the New York Evening Sun on that date reported rumors and hin:s of the sending of such a note in tno follow ing terms The Washington advices were boir. ish. these saying that President Wilson Wil-son may address foreign powers on the peace proposals. "Where did the Sun get this advance ad-vance Information." was asked Mr. Gardner New York Ticker Rumor. "I think that I see indications of a leak. But the absolutely definite, visible water mark of a leak 13 contained con-tained in the ticker rumor of Dow, Jones & Company, "The begining of the downward I tendency In the stock market is fit St j apparent between 12:45 and 1:45 of j December 19. United States Steel! which opened at 10 o'clock at 113 1-4 id rose as high as 116 1-S, got as low cs 109 3-1 and closed at 112. "On December 20, opening at 113 it continued its downward course, closing clos-ing at 108. Then came the publication! of the note "On December 21 it opened at 104-1-2. showed an upward tendency until almost noon, then fell touching its low. est point at ion 1-2 and closing at 101. Course of Prices. "My counsel. Judge William M K. Olcott of Now York will present to l you a complete comparison of the i course of prices on the New York stock exchange side by side with a statement of the news and rumors from Washington. This comparison presonts a chain at events which oe yond peradventure of doubt proves the existence of a leak. "If you find a prima facie case ihat thero was a leak you cannot take the position that you will do nothing at all about it until someone Informs you as to the names of those who profited by the leak or the names of those responsible for the leak. Would Question President. "It seems to me that the right way to get about the matter is to find out from the president who he talked I this peace note over with and then 1 summon them and find out whether there was any way in which they 1 might inadvertently let the cat out -if 1 the bag. Xext I should get a list of those employes of the White Hou6e and the state department and of our embassies abroad who handled thia 1 particular peace note. I think you will find that list quite formidable in 1 length." J "Have you any evidence that that would connect anyone at the Wtute House with the leak?" asked Chair-man Chair-man Henry. Hat No Evidence. "None whatever," said Mr. Gardner. "I have nothing but anonymous 3tate ments and letters which are worth nothing as edence." J! "Have you any evidence that would I connect anyone at the state department depart-ment ? ' I "No, not anyone else," Gardner re- I plied, "I have no evidence that it is worth the paper it is written on." I "Have you heard?" Representative ( Garrett asked Mr. Gardner, "of any- 1 I one other than Bernard Baruch being I reported to have-profited by this so- Lai led 'leak?'" Fine Profit by Leak. Mr. Gardner replied, "but I H have seen an initiated statement saying say-ing that he and four others are sup- I posed to have profited." 1 A mation by Representative Chiper-field Chiper-field to order the local managers of I the Western Union and Postal Tele-graph Tele-graph companies to bring all messages sent to the Wall Street Journal and " Financial America between December 10 and December 23, was adopted. j Representative Gardner said he absolved ab-solved Sevretary Lansink and Secre- H tary Tumulty of all suspicion. , "I believe the presldpnt, the spcre-tary spcre-tary of state, and Mr. Tumllty are L. above suspicion." he said. Representative Campbell, Republican, Republic-an, said there was no disposition on the part of the Republican minority to make political capital in this mat- H Cer, but that he considered it deplorable deplor-able that there was any apparent at- J tempt "to shield" anyone in the executive execu-tive departments of the government. Mr. Harrison, Democrat, objected to the suggestion that any 'leak came from the government departments and insisted the leak was through reprp- i, sentathes of the Wall Street Journal , and Financial America. He recited how Secretary Lansing conferring H with newspaper correspondents on December 20, had told them in confidence confi-dence that a note to be pum'shed later had bppn sent to Europe and that the majority had respected the confi dence. "The other newspaper men kept j faith," he added, "but it appears that the representatives of the Wall Street Journal and Financial America did not and it went out over the ticker and J the market broke." I Chairman Henry said Secretary Tumulty Tu-multy had told him he wanted to appear ap-pear and Representative Harrison said he had talked with Secretary Lansing J and that the secretary "expressed a very great desire to come before the committee " Mr. Tumulty said to me," said Mr Henry, "that he would be glad to come and appear before the committee. commit-tee. Neither Secretary' Lansing nor Mr. Tumulty has been asked to come." Representative Campbell suggested that, the unfortunate circumstances that have followed each other in 1; "quick sequence" would make it best f for both Mr. Lansing and Mr. Tumulty to appear before the committee as i early as possible. The committee then went into executive exe-cutive session. |