New-York tribune., 1918-02-16
$23,3z3,362.68
Spent to Date at
Hog Island Yard

WASHINGTON, Feb -. - D. II.
Bender, general auditor for the Emer
gency Fleet Corporation, to-day sub
mitted to the Senate Commerce Com
mttee statement showing total ex
pcnditures at the Hog Island shipyard
up TO January 81 last to be $685.,
362 G3. The amount for the construc
ton of the yards, which are only par
TALLY completed. was Sl9,029,972.42 and
for ships S4.283.390.26.
This report includes only the amount
of money paid out up to January 81 and
does not take into consideration a great
number of contracts now in force and
for which a large expenditure is con-
templated.
1t has been charged in Congress chat
the American international corpora
iion's contracts with the Emergency
Fleet Corporation make it possible for
the former to "loot the Treasury of
millions" President Wilson already
has directed Attorney General Gregory
to investigate the situation.
The report also disclosed that the
American international Corporation is
interested in many enterprises, and
over half Of it's common stock was set
aside to be offered to stockholders of
the National City Bank of New York.
c. A. Stone is it's president, +. A. Van
derlip is chairman of the board and
among its presidents is Willard
Straight, who was connected with the
National City Bank. The executive
committee named comprises c. A. Stone,
Rockefeller. T. n. Vail and William
Woodward
The directors of the corporation emu
merated were:
j. Ogden Armour c. A. Coffin, ". Z
Corey, Robert Dollar, J. P. Grace, r. F
IIerric!:, Pierre s. du Pont, Otto H
Kahn. X. S. Lovett, Ambrose Mcneil, II
S. Pritchett, P. A. Rockefeller, John D.
Ryan, w. G. Saunders, J. A. Stillman
c. A. Stone, Guy E. Tripp, T. n Vail. F.
A. Vanderlip, E. S. Webster, A. II. Wig
gin. Beekman Winthrop and William
Woodward.
The corporation, the report stated, i.
interested with W. R. Grace {; Co. i,
the Pacific Mail Steamship Company
owns stock of the Allied Machiner,
tools; is interested with Stone G. Web
ster in the Latin-Americ Corpora.
ton; has purchased the property o.
the New York Shipbuilding Company
Camden, N. j., and organized the New
York Shipbuilding Corporation.
1t also was asserted that the Ameri
can international Corporation was in
terested il the Rosin and Turpentine
Export Company, the international
Mercantile Marine, the United Frui,
Company, the American Internationa
Terminals Corporation. the China Cor
poration, the Shines Carey Railway ane
Canal Company and Carter, Macy & Co
Members Of the Senate committee
may go to Hog Island next week for 3
personal inspection Of the shipyards
Chairman Fletcher said tonight.
Two employees Of the American In.
ternational Corporation, a laborer ant
clerk, have asked for permission te
testify. They probably will be eiver
an opportunity to do so next week The
committee has not YET decided whethe,
addltlonal officials of the company viii
be called -
Chairman Fletcher stated that III,
committee will continue its inyestipa
ton of the Hog Island yard. regardles s.
Of what action the Department of Jus
tice may take, but will not permit thu
matter to interfere with its general in,
vestlgation Of shipyards throughout thu
country.