The Washington times., 1924-02-12
s ANDARD
! FUNDS
I BANK
CONTINUED frOm First Page)

Continued from First Pagel
$500. 900 during May or June, 1922"
when the sale negotiations were
going on.
Made Commission On SaIe
sidney NJ. Wen, who purchased
eho paper from MCGEE. said he
approached Fall on the purchase OF
the paper but that former Secretary
FAN fatty refused to have any
thing to do with 1t.
AZ q result Well said he went to
a. b. McMillon, vice president Of
the First National Bank Of Albu-
@uorAuo. and an agreement was
made that Wen himself should pur.
chase the paper, q loan being made
20 him to buy It.
Well said both he and MCGEE
agreed that the negotiations should
be carried on In Chicago. and officers
Of the First National Bank also de-
sired It.
In July wsn to- .ified he sold the
paper to Joshua Reynolds, president
Of the First National Bank.
''Now didn't you buy the paper
for the bank?" asked Walsh. ''No.
did not. When I bought 1t had
no intention Of selling Il to Rey.
noJdS."
ibid you determine for yourself
tho paper was worth $2O0,00O7"
II was told So"
"Did you turn It over 20 Rey-
noids for exactly what you paid for
it?''
'Yea. after taking out $4,000 AZ
commission"
A. ~
Because I thought he would h0
interested in Q paper In New Mex
1co."
"why, II he would be interested
IA q paper in New Mexico. didn't he
keep it In 1920?"
Il was told he objected 70 selling
Il in 1890"
isn't It true that he sold It BE-
cause Of his financial condition in
1S202''
"I don't know anything about his
finances"
do you know what the paper sold
for in 1920?" asked Senator Adams
pem.l Of Colorado.
Increased In Price.
81 think $115,O00, but tho paper
has improved greatly since 1890"
I'm the original arrangement you
were to get $4,000 commission. So
you merely acted as an agent for
the First National Bank7" asked
Senator Dill Oem.) Of Washington.
II had It In mind that I could
00ll the paper. 80 I wrote in the
commission arrangement"
Well said he was in complete
charge Of the paper from June until
July. 1922, when he turned 1t over
% Reynolds.
''What arrangement did you have
for getting Washington news?"
asked Walsh.
"A regular press service.
"Didn't you have an arrangement
with the Interior Department."
''No."
Walsh read an exclusive tn-
terview in the paper on. June say
ing that fall tomorrow would ex-
plain to President Harding why he
leased Teapot Dome.
Writes McAdOO Headquarters.
Walsh then exhibited accounts In
Eastern papers showing that FAN
Aid not consult with President Hard
INT until June 3.
GLOW did your papers scoop the
metropolitan papers Of the East?"
= 81 went to M. L. Fox, former edi-
-, tor Of the Journal, and then secre-
tary Of the Chamber Of Commerce
IN Albuquerque. and asked him to
wire Fall for statement. He did,
and that's how we got It in adj
vance"
Well said tho request was based
on the fact that the Journal was the
largest paper in Falls home State.
where il Fox now?"
'In Chicago. have been told
he is with the McAdoo headqu1Sters
there. but I am not sure"
We'll then admitted that under Nc
Gees management the Journal had
attacked Fall, and that MCGEE also
'had controversies in the paper with
officials Of the First National Bank.
What is the policy Of the pres