The New York herald., 1921-01-15
NOT TO BE MONEY HUNT
Denial Again Made of Re
port That a Financial Up
heayal Is Object.
BRINDELL CASE ARGUED
High Court Reserves Decision
on Appeal From Denial Of
Venue Change.
Special Despatch to THE New YORK HERALD.
New York Herald Bureau,
Albany Ian

Special Despatch to THE New YORK HERALD
New York Herald Bureau,
Albany, Jan. IA.
Samuel Untermyer gained little
ground here to-day in the fight he is
making to extend the scope of the
Lockwood committees investigation,
but the outcome still is in doubt.
After a long talk which Gov. Miller
had with Senator Lockwood and Mr..
Untermyer the situation was summar-
lied about as follows
The Governors impressions regard
ing the purposes of the committee and
the possible effects of free for all
We're overcome in part at least and
there is a possibility that Mr.. Miller
will lend his support to the committee.
Mr.. Untermyer and his associates
declined to go into any secret confer
ences or patch up any agreement
whereby the inquiry would take on
the appearance of real probe while
bound by promises covering certain
interests.
The next development in the contro-
versy will be the presentation of the
committees resolution asking for
broader powers in the proposed inquiry
into affairs OF savings banks and insur-
ance companies next Monday evening in
the Assembly.
Senator Lockwood then will make his
demand for a joint public hearing on
the resolution. There will be hard
fight In both the Senate and the AS
senbly. even If the resolution is let out
of the Senate Finance Committee. which
is regarded still as very doubtful.
In Final Phase of Inquiry.
1t is understood that the Governor
attitude toward the Lockwood commit
tees resolution was not friendly UP TO
the moment he went into the conference
to-day. Mr.. Untermyer took the initia-
tive in seeking the Governors favor.
He went over the accomplishments OF
the committee asserting that the in
vestigation has shown the need for
houses and the reason why building has
been ut a staudstll. The committee
row has reached the third and final
phase of its work, Mr.. Untermyer ar
gued. that OF trying TO offer construc-
tive measures to improve the situation.
It was shown that money has been
withdrawn from the real estate market
for investment in Government and other
securities free from heavy taxes and
offering. better returns than encumbered
realty mortgages.
80 Afr
Untermyer stated. is not to start shoot
ing up Wall Street or tearing the
financial fabric 10 pieces. The pur-
pose is to show how big money can be
diverted into the real estate market.
The committee promises it can do this
with the help and cooperation of the
Legislature.
The committees fight is still far from
being won. but both Mr. Cntermyer and
Senator Lockwood evidently felt en-
couraged and believed a little progress
had been made to-day.
Opponents Take to Cover.
Some of the Senator'S who have been
strongest in declaring their opposition
TO the committee are taking to cover.
They are ready and willing TO talk COM
promise. Mr.. Untermyer said there was
no use patching up a resolution. The
belief here is. however. that the Lock-
wood resolution will be amended.
Brokers representing the real estate
| interests OF savings banks were in con.
ference here to-day planning their op.
! position 10 the Lockwood resolution
They are opposed equally to the rent
laws OF the State and the banking in.
vestigation.
Mr.. Untermyer appeared before th'
Court OF Appeals to oppose a motion
made by N .rtin w. Littleton on behalf
OF Robert p. Brindell. who Is seeking q
change of venue, although his trial nov