The evening world. Newspaper, January 5, 1917, Page 2

By Woo as his informant, Barly in the afternoon of the same} NAMES THE SOURCE OF HIS IN- Gay, Wood said he was informed, Laweon Brothe office in Lafayotte, Ind., also received | the source of his information, Mr. information from Chicago that the} Wood sald that most of it came from President was about to send a “peace| “Mr. A. Curtis, a broker and stock note.” dealer in Wall Street.” WANTS that Otto Kahn, of Kuhn, Loeb & Co., New York, be subpoenaed and inter- Togated regarding what advance in- a * formation he had, tf any, about the|Plied. “It came to mo in.a letter. aete, Asked for the letter the Congress- A reaolution offered by Mr. Camp-| 4? sald he did not have it with him, boll to ask the New York Stock Bx-| PUL would Ket It later, change to preserve all its books and] tion about the Connol Papers from Dec. 10 to the present) Mr. Bolling you spoke of?” ‘ date, and another by Representative Harrison of Mississippi to make tho same request of W. B. Hibbs & Co.,| several sources. and any other brokers in Washington,| CAN'T RECALL ALL SOURCES OF were approved by the Committes. “I have information also,” Repre-| “You certainly must have received sentative Wood told the Committee, | !t ‘that an Exchange firm here, known as F. A. Connolly & Co, of which a|inany times. 1 haven't taken the Mr. Bolling, @ brother of the Prest-|names of all persons who gave me dent's wife, a a member, engaged in| !nformation. profitable transactions during the re- cent flurry. Their dealin “Phould davise friends and patrons of] Stock Exchange were mado through office to sell short on stocks. Hutton & Company of New York, re- YP. Friday of Oshkosh was named | puted to be one of the largest specu- lative concerns in Wall Street.” FORMATION. branch brokerage| Asked by Representative Henry for INFORMATION ALS80| “Who gave you the Information FROM OTTO KAHN. about Barney Baruch and Mr. Tum- Representative Wood requested | Uity?” Representative Henry asked. “That came from Curtis.” "Did you see him, and where?” “No, | never, saw him,” Wood re- “Where did you get your informa. y firm and the “That has been a common rumor prevalent for several days,” sald Rep- resentative Wood, “I heard it from HIS INFORMATION, m some one.” en, but I don't think I can recall just who told me that. I heard it Here Representative Wood Iinter- rupted the questioning to say: “T have said, and I wish to say on the Greater New York Stores: In New York, (2) In Brooklyn, (1) January Reductions again at thi time, that I have made and am making no charge against any one. I am merely giving you {nformation IT have received.” "What public position has Bernard Baruch?” asked ‘Representative Campbell, ranking Republican of the mittee, understand he 1s a_memby the Council of National Defense. “Do you have memorandum as to the date of the alleged conference between Mr, Boruch and Secretary | Turnulty at the Biltmore Hotel?” Mr Campbell continued, “I don't remember, but it Is stated In this letter from Curtis.” HOW TUMULTY AND BARUCH WERE LINKED. “In these conferences between Tumulty and Baruch, what 1s meant to be implied by the word confer- ence?" asked Representative Garrett, a Democratic member of the com- mittee. together and registered rald Wood, “Of course you have no Information as to What they talked about?” “No, I have not.” Referring to the inclusion in his resolution of reference to Thomas W. Lawson's telegram, hinting that members of Congress sought to dodge an inquiry, Representative Garrett asked if Wood had any in- formation in any way indicating that members of the House were involved in the “leak” transactions, together,” “I have no information whatever member of involving the name of any the House,’ Wood replied. “I know of no member of the House being | mixed up in this stock crash. say that a understood you to firm in Washington, known as Con- nolly & © profited by alleged transactions,” Representative Gar- rett continued. “Can you state whore you got that Information?” “No more than it was common rumor. # there any one you know who © one except Hutton & Com- pany.” In response to further questioning & Wood said he understood Hutt Company were the New York sentatives of Connolly & Com HE HAD NOT SECRETARY LANSING. Replying to Representative Cantrell Wood said he had not consulted Sec- retary Lansing regarding a reported leak of the President's note, oither before or after he introduced his res- olution, Mr. Wood also satd he had other information and had sent a number of letters and telegrams to various persons inquiring about it. It is not sufficiently developed to Now in Effect Throughout Our Entire Stocks of Men’s & Young Men’s Suits & Overcoats (Excepting ONLY Plain Blacks and Evening Dress Clothes) E have just completed the most successful year In Georges History. With two new cities (Brooklyn and oit) added to our chain of stores, Georges Model Clothes for Men and Young Men have attained a wonderful popularity in America’s principal metropolitan centers. A You well know that present production cost is very high and fabric prices are constantly rising. Yet, regardless of this, and of the recognized advance style ideas of Georges Model Clothes selling all season at the very lowest prices—we ad- here to our policy never to carry goods from one season into the next—and with larger stocks and more brilliant assort- ments than ever before shown in the New York stores, we present— Our Regular Semi-Annual Mark-Down Sale Established to Clear Racks A money-saving clothes-buying op- portunity, waited for each season by thousands of Georges customers and worthy of the immediate attention of every critical man and young man in Greater New York. Suits and Overcoats are repriced as follow $15 Grades Now $] 2:50 $18 Grades Now * 1 450 $20 Grades Now $] 6 °° $22.50 & $25 Grades * 950 $28&$30Grades 350 And so on up including the finest $35, $40 and $50 Garments corre- spondingly reduced. emi yliany Bargains in: Fur-Lined and Fur Auto Coats Special—Muskrat Lined Coat, Full Muskrat Skins, choice of | Per- $3 7°30 sian Lamb or Natural Rat collar, out- side shell of finest Black Kersey— specially priced From the finest $250 Mink-lined Coats down to the most inexpensive, every Fur-lined and Fur Auto Coat in stock repriced for quick clearance. TWO NEW YORK STORES 42 West 34th, Bet, Broadway and Sth Ave Also Corner of Broadway at 36th, Marlborough Hotel Building, Both New York Stores Open Evenings, Brooklyn—400 Fulton St.:, Other Stores in Philadelphia, Boston, Pr i'm, Formerly Matthews Corner idence, Buffalo and Detroit. give at this time,” he said, “but 1 may hear from it later. I can give the commit! in private what I have heard If it Is desired. Mr. Wood was not pressed further on that point but will be asked con. cerning It late Representative Harrison of Missia- sippl suggested that the witness should give dates of publication of the note and other details, Mr. Wood replied that the erash in the stock market came, or rather en. BELL-ANS Absolutely. Removes Indigestion. One package provesit. 25catall druggists of minated, on Thursday, Dee. 21, and that the peace message had been re- leased for publication by the Assoct- ated Press at 12.05 o'clock that morn- ing for morning papers of that da SUGGESTS THERE MAY HAVE BEEN A DIPLOMATIC LEAK. Representative Harrison tried to bring out that in the forty-eight hours between the time the peace note was forwarded and published information regarding ft could have come back from the foreign powers to some of the embass! here, Mr. Wood said he had heard some intimation to that effect, but could not say who told him. He also said he had heard an intim tion that the German Embassy in thi “Only that they were seen talking CONSULTED country had got that information back here. “Don't you think,” asked Mr. Har- rison, “that the news leaked out from foreign powers and came out in that way?’ would have to know more about the conditions in that respect at the forelgn capitals,” replied Mr. Wood. No political influence actuated you in Introducing this resolution?” asked Mr. Harrison. “I nope not. No, sir, These charges | are infamous, the acts charged are infamous. If the charges are untrue those against whom suspicion has been cast should be cleared of it.” Mr. Harrison referred to Secretary Lansing’s conference with newspaper men on the morning of Dec. 20 and suggested that at the conference were present some persons who were not newspaper men, Mr. Wood sald he had heard intl- mation of that. REPRESENTATIVES PRESENT FROM WALL STREET PAPERS. Mr. Harrison then suggested that there were representatives of the Wall Street Journal and Financial America present at that conference, and that their duties were to get all tips that Would affect the stock mar- ket. He added that “these journals are maintained by stock brokers” and suggested it might have been that | ee lowed. THE EVENING WORLD, FRIDAY, JANUARY 5, 1917. cused Wood and went into executive session Chairman Henry, Wood and various members of the committee engaged in @ heated exchange over bringing Secretary Tumulty’s name into the proceedings without consult- charge, tive Henry inquired, that Mr. Tumulty led advanoe in- Dhatically. “I do not charge that any one profited by it. I am merely toll- ing you what has been told me.” WHY HE DION’T GO TO TUMULTY FIRST. “Don’t you think,” Henry contin- ave ee" ess “that it would hi |to submit these rumors in @ private replied Mr. We I do not know M: therefore, I did not want to go to him. He might have been offended t me, a stranger, approaching him in that wa: Chipperfield of y.’ Representative Illinois objected at this point to Henry's line of questioning and 4 general wrangle, which resulted in Henry ceasing to interrogate, fol- Representative Chipperfield then |asked Represontative Wood sf Baruch | was @ contriputor to the Democratic |campaign fund, "I am_ informed, Wood sald, “that he contributed $45,000 to the Democratic National Com- mittee.” Again wrangling broke out afresh. Democrats objected and Republicans contended that Baruch’s contribution was a very material fact in the in- vestigation. ‘Is there any effort on the part of bring about peace?’ demanded Chal: man Henry. ‘Not that I know of,” Wood re- those financial reporters sent tele- | plied, grams to their offices and that that was the way the Information got out. Mr. Wood replied he did not know about that. Mr. Harrison explained that Secre- tary Lansing on that occasion asked the newspaper men to keep faith on what he told them, and added that the “newspaper men kept the faith.’ Secretary Lansing at that confer- ence merely announced that a note had been despatched, specifically said it did not concern peace, and sed to give further information of its con~ ent : Mr, Wood said all he had heard was that Secretary Lansing told those at the conference that there might be some important Information later on. Mr, Harrison brought out tha’ Wood knew nothing about Curtis, the broker, until he got a letter from him after the Pyheennrertd his resolu- tion for an investigation, Mr. Wood replied that he had no information fabout the Otto Kahn manipulations,” as Mr, Harrison ex- pressed it, until after the resolution was introduced, Mr. Wood denied that he had any conference with Administration off- cials before introducing his resolu- about it with some Congressmen. WHAT THE EXACT CHARGE 18 MEANT TO BE. Representative Garrett insisted on knowing what was the exact charge back of the resolution, Mr. Wood replied that the rumor was current that there was a leak in the State Department or In aome adnrinistrative office as to the send- ing of the note, and “that the leak went tof the friends of the Adminis- tration, and that, acting on that in- formation, they profited by it." He added that he had no Information as to how the occurred or from whom it came, and that the best he had was rumors, “| have no names other than those IT have already given,” he added, Representative Wood later produced the lotter he recived from Curtis, and it contained no address. It was writ- ten on plain paper, which contained no letter head. It was dated “New York” and simply signed “A. Curtis.’ In the upper left hand corner noted in penoil was the memorandum “Wal) Street Broker. Shortly before the committee ex- No Connection With Any Other Establishment in the World WORTH 43 & 45 West 34th Street Crepe Meteor Georgette Crepe Crepe de Chine Talleta Silk In the Beautiful New Shadvs of Spring Sp-cial New Spring Opposite mcalpin Hotel Dresses Adapted for Present Wear Women’s & Misses’ Dresses New Spring Frock @ Crepe de Chins, $28.50 Women’s & Misses’ Dresses Peau de Soie Gros de Londres Georgette Crepe Crepe Meteor Handsomely Embroidered P New Spring Colors New Spring Frock of Gros de Londres, $30.00 30.00 Special The Curtis letter to Representative Wood was produced later, It was as follows: “Hon, William R. Wood, “House of Representatives, ‘Washington, Cc. “Dear Sir: The Democratic ma- jority of the House will not, I pre- sume, permit the adoption of your resolution of inquiry, but it is a highly meritorious measure none the less, and if I can do go | want to help you. SAYS NEWS OF NOTE WAS KNOWN TEN DAYS AHEAD. “Bernard M, Baruch of this city unquestionably had the news of Sec- retary Lansing’s note as early as Saturday, Dec. 9. The note w: dated Dec, 11 and not despatched wu til Dec, 12." {The official copies of the note are dated Dec, 18 They were placed in the hands of news as- sociations at 6 P, M. on the af- ternoon of Dec, 20, and were re- leased for publication in morning papers of Dec, 21, Officials an- nounced that the note had been transmitted to Europe on the cables in the early morning hours of Dec. 19.) “How Baruch got it I am not pre- pared to say, but a acquaintance makes the positive statement that he saw Mr. Tumulty and Mr, Baruch breakfasting to- wether at the Biltmore Hotel in this HIGHER GAS RATE AIM OF FIGHT ON BO-CENT RULING Brooklyn Borough Company Makes Announcement — Others to Follow Lead. Attorney General Gets Referee for Injunction Proceeding —Companies to Appeal, Brooklyn gas companies are leading the way in a general attack on 80- cent gas laws, with the boldly an- nounced intention of raising prices higher than before. Meanwhile every technical device of 414 law and court procedure ts being used Am to delay the 80-cent Iaw passed last 4 spring from being put imte effect xin against the Kings County Lighting = Company and the Brooklyn Borough Gas Company, operating in the Thir- lyn. Both of these companies are charg- jing the old rate of 95 cents under cover of a temporary injunction in the Kings County Company case, but the impounded by order of court pending final decision. companies in not pushing their action to test the law, the Attorney Gen- proceedings. order, but to-day counsel for the |ing from this decision to a higher court. If this plan of stalling along on will bo possible to stave off for months trial of the main Issue. The merely preliminary question of ap- mtleman of my| pointing a referee can be carried up to higher courts for prolonged delay, The gas companies are making their fight this time in State courts tnstead | city on two or three occasions coin-! of Federal courts, as was done In the cident with the penning of the note and its gecret despatch. | “That Baruch at this junction smashed the market heavily and inj all directions admits of no doubt and can be easily demonstrated in this wa) | “At his offices, No, 111 Broadway, he ‘has a system of private telephone) lines to various brokerage houses. Be- fore he has an opportunity to re- move these wires, you must obtain a list of them. If he is compelled to supply you with a list, I would check it by obtaining an identical list from the New York Telephone Company and the Western Union Telegraph Company, these being the two com- panies that supply the wires. Having obtained this list, you can obtain from all the brokerage houses connected thereby, @ transcript of all orders ex- ecuted for his account within the period in question. This investigation should cover not only his personal a: counts, but any secret accounts, such as accounts carried by ‘numbers’ or any fctitious,names, all of which, as the broker's books will show, are con- trolled by him or guaranteed by him. CONGRESS HAS POWER TO SE- CURE INFORMATION. “If the brokers refuse this informa- tion Congress has the power to com- pel it. The Stock Exchange also has the power to enforce its members to produce their books and accounts, and as the rules of the Stock Exchange are sufficiently broad and elastic to cover every departure from ethics and busi- ness methods on the part of its mem- bers, an appeal to the Governors of that institution will no doubt elicit the desired information. Many reputable members of the hange are anxious to assist you in running to earth th: most unsavory scandal, “There 1s a great deal more in this matter than you imagine, and if yuo can once get your machinery in mo- tion T am tn a position to say that you will be supplied with all the necessary informati . ‘Very truly yours, “A. CURTIS.” Efforts to Reach B Lodge Fi GEORGETOWN, 8. C., Jan, 5.-Ef- forts to reach Bernard Baruch at his hunting lodge, Ha 'w Manor, several original eighty-cent by the Consolidated Company ten! years ago, The United States Su- preme Court laid down the rule that |7. & rate must be tried out first to see |! whether it is confiscatory before com- | panies can get Federal courts to stop it, The State courts, however, are more lenient and are permitting the | Brooklyn companies to block the law | before it {s actually tried out. | A circular letter was issued to-day by the Brooklyn Borough Gas Com- the fight !t Is making against the 80 cent law, saying: “With this law your company has omitted to comply and it has begun @ suit to annul the law because the rate is confiscatory. Woe belleve the courts will be convinced that the Legislature made a mistake. “As soon ag the suit is decided we shall then ask the Public Service Com- mission to allow us to increase the rate to be charged for gas sold to a price commensurate with the increased cost of manufacture and distribution.” ITEMS FOR INVESTORS. United States Rubber Company ular quarterly dividends of on first preferred and 1\4 per cent, on second preferred stock, payable Jan. 31 Chesapeake and Ohio gross_earnings Increased $1,469,336 F. W. Woolworth Company's eal twelve months were $87 2.513, an ine crease of 14 per cent. over the previous year. Salen were largest on record, Trustees of Equitablo Trust Company voted to double the stock of the pany, increasing capital to At a special meeting of sto Jan, 22 the trustees will recommend that the new stock be issued at $160 9 share. The stock is selling in the mar- ket at $575 @ shai if miles from here, were fruitless to-day, There 18 no telephone at the lodge, ac- cording to officials of the local telephone company, and no way to reach it by telegraph. eeeeenemnenaamaen GUGGENHEIM CO. WINS. Judge Martin T. Manton, in the United Sten District Court, to-day decided adversely to the government in the sult brought by the latter againat the Guey rennet Exploration mpany for $57,471 income tax claimed to be due ona sale of 112,490 shares of tho \common stock of the American Smel- tors Securitios Company. Tho stock in question was carried on the books of the company at the valua- tion of $1 | $30,000 Realty Swindl New York M (Spectal to The Krening World.) men this the bord partment wood for arid country, i BRIDGEPORT, Conn, Jan, 5.—| Federal agents raided the local office of John Banta, alias Ulric Depoll, of | ew York, here this afternoon, Banta | rrested charged with a $30,000 real estate swindle through the mails, ————— | 40,000 Cords Troops on Morder, OMES again the | season of storm rubbers and galoshes, And with walking , such a doubtful pleas- | ure, comes again the | geeason when people | appreciate more than | ever the convenience | and the comfort of a EL PASO, Tex., Jan. 5.—Uncle Sam is going to make it warm for his guards- nter if they have to stay on The quartermaster's de~ as ordered 40,000 cords of ooking and heating in the camps. Next to Villa bandits, wood is ‘the hardest thing to find in this semi- | STOCKS DOWN ON NEWS OF NEW PEACE EFFORT |conicivtce vore'nauine srioun change Slump on All Securities With Only the Professional Traders Doing A weak stock market to-day, in , Which nearly all issues dropped be- lowest prices, was causes. The principal reasons were the roport that] Thumay High, |President Wilson 1s to persist in bis| 134) May efforts to bring about peace, the be- CORN, ginning of the Congressional investi-| 9% gation into tho alleged “leak” of the| “? %u7_UON TS We President's peace message, and the LONG DELAY IN SIGHT. jract tnat imo unite ansotutely re-| GERMANY ASKS REGALL ==. - | fused to go Into the market at all. - the trading Into the hands of the professionals and they moved with extreme caution. Toe trading during the second hour was| has requested the United States Gov- of the smallest volume recorded in| ernment to remove Minister Vopidks Tho market opened off, ral-|from Bucharest. The request wilhy lied shortly before noon and then went | Probably be granted, NG QUOTATIONS. cloning. Net | torests before the Teutons capturedy With not changes from previo Mie Last, Chass} Bucharest. tleth and Thirty-first Wards of Brook- i . excess of 15 cents per thousand cubic ‘) feet paid by each customer is being { Tired of the apparent game of {i** dodge and delay practised by the Piet. tee. Corp. . eral of the State recently applied for $i07" appointment of a referee to begin (rm! taking testimony and hasten along, |i Supreme Court yesterday, granted an | jmal notice that they intend appeal- | Ii! every technical objection continues, It | case brought | pany to its stockholders explaining | \ into @ continued slump following news from Washington that wi against Wall Street houses afd persons connected with the Adminis tration, A sharp rally toward the clowe served only to raise the level of the market above the lowest spots touched during the day. CHICAGO WHEAT _AND CORN MARKE WHEAT, in ff ie ees ine Tiny Haig OS dehy 150g Tol ie = > Sd - Ca May 98 July 90% OF U. S, MINISTER WASHINGTON, Jan. 5—Germany /* The department refused to way), upon what Germany based her fe«~ quests, though pres’ messages India, cated Germany was displeased at Mr, Vopicka's work in behalf of allied in~ g| Mr. Vopicka, a wealthy Chicagoan, was accredited to Roumania, Serbia is] and Bulgaria, ¢| ‘The department has not 4 2 whero to send him after removing , him from Bucharest, ‘ 3 AUSTRIAN PAPER * fs CALLS ON GERMANS) * TO EVACUATE FRANCE. AMSTERDAM, Jan, 5.—Significance Was attached to passage by Austro- | German censors to-day of a quota- tion from the Vienna newspaper Ar- biter Zeitung asking the government to “discover if the Entente would bo ready to negotiate peace after an evacuation by Teutonic troops in the west; and if so, that the evacuatton™ be mace ‘mmediately. if Tho newspaper asserts the Entente’s reply “is @ peace note—it rightly wm derstood. Significance attached to this des- patch arises from the fact that Brit- ish sources have ail along maintained © if Germany was in earnest about peace, she should evacuate Belgium and that part of France she now oc- cuples as @ preliminary to peace dig- = | cussion. | MISS DAHLGREN GOES | | FOR MARRIAGE LICENSE, % 3) Richart Smith Emmet and Mise ‘ patherine Drexel Dahlgren called on Ds 44 | City Clerk Scully this afternoon and | fot @ marriage license. They said), } | they are to be married next Wednes- day by Condjutor Bishop Hayes of the Catholic Church, The bridexroom-elect gave his age as twenty-six years; home, St. James, 9 ss name, Devereux Em- * i Smith. The wo years old; 15 Ninety-sixth New York; father, Brie B, mother, Lucy Drexel Dahl- ? | | | gren, Eric B. Dahigren is a son of Rear- Admiral Dabigren. Hehas made his home in Washington since Mrs. Dail. kren got a decree of divorce In 1912 f and the court awarde to her the cus- tody of their children, Mrs, Dahlgren inherited millions of doliars trom her — 5 father, the late Joseph Drexel, @ “The World’s Best Table Water” from July to fourth week of December ex for | ‘Special for Friday, Jan. 5th ABSOKTED HAKD GOOD! most Contestionery, shops, Es—In giloce these are ay own, 0 Goode" “Gloss Goodien.”” an we have identical sssortment file Wainute, ‘BH COVERED FRES! to of Lusclo $4 BARCLAY STREET Closes 6.80 p.m. 8 @ CORTLANDT STR m.) Sat 10 p.m, ‘ooklyn, Clot fled weight HELP WANTED—MALE, ¢ Rock ‘Special for Saturday, Jan. price Is 3c CHOCOLATE OOVERED PEANUT CLUSTERS—The chotcest fall flac VYored Peanuts, perfectly roasted, clustered and covered with our tree rant chocolates our rexu- Tc} | meat. os Ve PINKAPPLE—This Fi perfection in the land he rance and rich Crem Chocolat EXTHA ase WEST Adri staket loess I iy ‘ West TH STReey A 149TH OT. ne H 187 MARKE Cloves 1140p. Bat 1 apy 11,30 P, M.—Saturday 12 P.M. judes the container, Sscae|SUNDAY WORLD WANTS “PE| WORK MONDAY. WONDERS —_