New Britain herald., 1924-02-12

in tEe method of the purchase, but believe it was the place to close it as the bonds wtie scattered over the country. TBeh too, there was high i feeling in Albuquerque and VIC thought # bes: to slJse the deal out | side of the sfa'e.'
 Tank Not Involved.
 Well denied that the paper was bought by hinl for the account of the 1 frirst Nationa,. He said he made no i physical inventory of the plant, but had been assured s?00,000 was a fair price.
 Well said he had given no note or other evidence of debt for the s200,- 1 900 loan and that it was his under standing that the money was ad- yanced on the account of McMillan.
 Senator Walsh pressed the witness as to why he went to see Fall, who two years before had sold his inter- est.
 ' "As d matter of fact" asked Sena- tor Walsh, didn't you know Mir. Fall sold it because of his financial con- dition?"
 II did not. I knew nothing of Mir. + r192O or 1922
 Replying to Senator Dill. democrat, Washington, Well said he had in mind selling the Journal and so had put into the contract with Magee a provision for his commission. Pre- viously he had said he was buying it on his own account and hoped to sell the bonds and retain the stock.
 Taking up the examination again, Senator Walsh wanted to know if the Journal had special Washington news service. Well said it did not have, and the senator then asked if there wasn't "a grapevine arrange ment with the interior department" He then read an article from the Journal of June 5, saying Fall would make a report to congress on the leasing of Teapot Dome the next day.
 Well said NJ. l.. Fox, former edi- tor of the Journal and a longtime friend of Fall, had obtained the story for him from Fall. Fox then was secretary of the Chamber of Com- merce at Albuquerque.
 Where is Mir. Fox now?" asked Senator Walsh.
 'In Chicago"
 What is he doing?"
 q understand he's connected with the McAdoo forces. I heard that. don't know it."
 Well could not recall who had given him this information.
 Asked as to the Journals attitude toward Fall, Well said it had made only one comment since the oil in- quiry began and that was on the day after F.. l.. Doheny testified he loaned l Fall st00,0O0 while he was in the 1 cabinet.
 Oh What a Fau
 Tt was one sentence without cap ton Of any kind" he said. Tt was | oh, what a fall was there. my coun- trymen !'"
 Senator Walsh observed that not only did Well scoop" the Washing | ton correspondents, but he also 'scooped" President Harding as the Fall report reached him on June [.
 MT. Fox got a complete summary | of tho Hall letter to the president | and congress at least three days be- fore the letter was sent to the presi- | dent" said Senator Walsh. 3 Adverting to the fact that the sale of the Journal was transacted in Chi cago, Senator Walsh wanted to know | why Denver or Kansas City would | not have been just as satisfactory as Chicago.
 They would have" said Well.
 "But you went all the way to Chi rago to do business with a Standard oil bank?" pursued Walsh.
 'I had no thought Of it being a Standard Oil bank" Well said. "f didn't know it was Standard Oil bank until heard the evidence hero his morning."
 Yesterday Silas IT. Strawn, special counsel for tho government in the oil ease cases, told the committee in executive session that he is direc- .or of both the First National bank md the First Trust & Savings bank 'f Chicago, but that fact had not been ouched upon in the testimony of rraylor and Brown.