The Washington herald., 1919-06-20
MILLIONS LOSS
TO BE CHARGED
AGAINST PALMER
Sensational Allegation VIII
Be Presented to Investi-
eating Committee TODAY.

ChArges OF a sensational chsrso,.x
renecting upon the admInistr.tion =,
the once of Alien Property custoo,nn
oy A Mitchell Palmer du-in,, a.
"a VIII be made before a sub-corn-
fnit'ee Of the Senate Judiciary Com
mittee today.
This committee Is hoIdin1 IN -,
ence The nomination Of Mr. p.t-
ior Attorney General OF the I-n,,.6
S"'eS IL oas appointed attb.1..
euest OF Senator Frelinghuysen a,
we" Jersey. who made cbares, =, -
negularities in Mr. Palmer -.
OF The office of alien property cu,.
todian. cur
h account Of the grave cb.--.,
iaio before the committee g., -
woe scope Of the investigation n.r,-
DerS OF The committee are oopsido,...-
.he employment Of an attorney ot-n.
.onal reputation. chsrIes E,-.
ao'' usnes has been mentioned in ms,
andrew. TO Make Charge.
information that will be ,-.-
e'''eo 10 the committee todsy 90
sNen by Harvey T. Andp. :,
Dosch Magnetic Company. Of N.w
ork' and his counsel Mero, q
e~is' former attorney general q, a..
State Of New York 1t relate, - 49,.
administration OF the Bosch 49,
company which was taken over b.
Ni Palmer. as alien proper7v g.
'ooian, during the war. ana -. =.
oy him in December. 1918 .h.u,
month after the armistice was -
ne charges made by Mr.. .,dr,r-
are: AufeNs
THAT the Bosch H,rn.,o .
psnN' valued at sscoooeo bv ,ts D-.
war owners. without indeb,.a,...
WIN orders enough to run a vesr,s
half. and with iSouid go.
'0Vc'. was sold by Mr.. Palmer a.
l'oVo. The property was vs,p.s
"S Mr. Pslmer's appraisers at ,soss a.s
/ SOLD 10 Frse.s.. he s.y
hat Mr.. Palmer perni,tsd
t"e sale TO be made 10 person.J
iflenos at this bargain pr,e.
S-Thst the oh1cer, ,,..
charge OF the new company. kno~,
as the American Bosch M.rn.,.
company are the same aetjv. 49,.
I who were installed in ch,- :.
the company's affairs by M ~
mer during the war
4--That the sale in,,..S -,
made in New York. the beadon.
ters OF the company, was arrsn...
al chieopee. an obscure point -
nassachusetts. so that only ,vo
bidders were present.
S-That the appraisal n, ,A.
company, made by Mr.. PslneT,
agents. wholly neglected -rood-
viii as an asset and placed .
nominal value of 81 on its nste,,.
valued at millions. -
b-That stock representing
thirds OF the Boonton Rubber Co..
pany. an adjunct of the Ro.eA
Company. was appraised in Mr Pal
mers sale prospectus al 81 ooo Al.
though the Boonton Comnanys.
stock was later appraised g.,
s4So.ooo. for a subsequent trans,o-
| tion.
l. That the Eisemann Marneto o.
pany stock set forth at a value on ssa.-
u" was sold subsequently for ss<S.or.
Andrews Here Wow.
Harvey T. Andrews. who n.s
tnese charges. accompanied by Nerfo,
z. Lewis, counsel. and Attorney y. al
Austin. Of New York. arrived 1,
Warrington yesterday with afYIdax,e.
snd documentary evidence 10 Law r.
fore the Senate judiciary subcomp,,,-
tee. This committe consists OF s.rs-
tors Dillingham;. chairman; SterI,,-
ran, Walsh and Overman.
Mr Andrews will submit 70 the ,,,,,-
mittee Mr.. Palmer's report as sue,
property custodian. the prospectus ~
the sale OF the Bosch Magnetic Con-.
pany and an advertisement in q Ne
York paper after the sale by the nev
! American Bosch Magnetic Companv-
stating that the company was now
only in ownership.