New Britain herald., 1923-12-27
SINCLAIR ORDERED
 ID TELL OF DEALS
Teapot Dome Inquiry Also DeIVes
 Into Falls Affairs

naval olt reserves Tn wyoming, the senate public lands committee today voted to require him to give details of ali transactions in the stock of the companies formed in connection with that lease and of operations Of syndi- cates organized to market such stock.
 Much Of the information asked for by the committee had been given by the witness previously. and his re- tusal to answer was confined to ques- tions relating to activities of his as- sociates.
 Committee Divided
 The committee divided four to three on the motion to compel MT | Sinclair to reply. Senators Lenroot l Wisconsin; Shoot. Utah, and Gamer | on, Arizona, republicans voting ip the | negative and Senator's Walsh, Mon l tana: Kendrick. Wyoming. and ! Adams. Colorado. democrats, and 1 Ladd, republican. North Dakota, vot- | ing in the affirmative.
 Renewing his protest against pro duction in a public inquiry of those business relationships and those deli i cate and complicated operations which constitute so large a part of any business" Mir. Sinclair persisted 1 in his refusal to say what considera- ton was given by the Hyva Corpora ton for its large holdings of Nam moth Oil company stock, or what consideration was given for their stock by members of the mammoth syndicate, which supervised the efforts ot Jesse l.. Livermore to make a market" for Mammoth oil.
 May Subpoena Whitney
 These are private transactions Of | private citizens and are not pertinent in this inquiry" said Mir. Sinclair
 Among the large investors in tho Mammoth Syndicate was H. r. Whit ney, who was listed as holding l55,- O00 shares. When the witness re- fused to say what had been paid for this block, or what disposition had been made Of the proceeds, Senator Walsh announced he would ask for a subpoena for Mir. Whitney.
 Mir. Sinclair offered to supply prac- tically all data required by the com mittee bearing upon the complicated procedure by which the Mammoth stock. issued to him in the first in- stance. was transferred to the Hyra corporation and then, in large part, was turned over to the syndicate for use in making market, only to be repurehased by the witness later.
 Objects strenuously
 Notwithstanding this l am com manded 10 produce books, records and papers revealing the organization, financing and administration or any such company. These arc not my per sonal affairs alone, but are the con cern and vital interest Of many others. They arc essentially private in their character and lie at the base of the stability of these companies.
 T am not the least unwilling to produce these except an unwillingness which arises from my desire not 10 disclose the legitimate private affairs i, Of myself and those I represent l ' cannot conceive that you will require me to produce in a public inquiry the evidence of those business relation ships: those vital affairs Of business: and in general all of those internal, deligate and complicated operations which constitute go large part Of any business. lt
 q am engaged in the management Of independent oil enterprises whose difficulties are obvious enough with out having those difficulties in creased by general ploughing through the private affairs of such enterprises in public inouiry."
 Fall Given Loans li
 A detailed statement Of the real estate and cattle investments Of Former Secretary Albert B. Fall, filed today with the Senate Public Lands , Committee. declared that a si00.00 loan advanced to NIT. Fall by T.. $. Mclean. Washington publisher. en- 1 abled him 10 purchase additional |, ranch holdings in recent years in New Mexico. | The source Of funds with which the $ Former Secretary enlarged his New Mexico establishment had been sought i by the committe as a result of testi- mony given by previous witnesses in ] the Senate inquiry into the leasing Of l the Teapot Dome oil Reserve to HarryF. Sinclair. while Mfr. Fall was ct the head Of the interior depart . ment. The statement fiied by the Former | Secretary, who was prevented by ill., ii ness from responding in person ty inc committees invitation, dealt also with z various other subjects which have |, been touched upon during the hear i ings. d The sioo.gD0 advanced by Mir Mclean. the statement said. was se- g cured by Mr. Fali's personal note. ] and was loaned for the purchase of d the Harris ranch. adjoining that Of [ the Secretary. The loan vas for three 2 years. al the end Of which time the ! publisher was 10 have the right either to cali the loan or to eutcr partner ship with Mr. Fall in which the latter vas 10 put up lands or other assets !. to an equal value. The statement r placed .he present book value of the r Fall property in New Mexico at ssob.- F 600. 70 Explaining references of witnesses 10 large sums Of cash presented in payment for the Harris property. Ir. Fall said hc expected it to Bc cash q deal and therefore took the entire i, sum when he met the others to con- s4 summate the purchase. Ii NIT. Fall said he never had ap- Mir. Sinclair or Edward L.. Dohenv for loan. advance or other assistance. Referring t1 a shipment of blood ? d cattle to his place by Mir. Sinclair. i Jr. Fall said he had insisted that f he livestock be paid for at ful 2