Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-21
DOZEN F|NANC|ERS
CALLED To APPEAR
BEFORE COMMITTEE.
Quizzing of "Master Minds"
Of Industrial World to
Begin Tuesday 4

CHICAGO, Oct Ex-senator b.
rah's campaign fund investigating
committee was en- route to Wash
ington today where further inquiry
into the "slush fund" charges will
be resumed on Tuesday. Before en-
training for the capital late last
! night, Borah made final arrange
ments for the appearance Of a dozen
or more prominent master minds
Of the banking, railroad and indus
trial world to appear before the COM
mittee.
These witnesses, he said, would re-
veal whether or not a conspiracy
| such as Senator La Toilette alleges,
| exists.
, THREE G. o. P. WAR CHESTS
CHARGED BY WITNESS
CHICAGO, Oct. 19.-(By the AS
ISOLATED Press. )-Leads which will
| take the special senate investigating
| committee into thorough-g going in
vestigation of charges OF Senator
| Robert M. La Toilette that a huge
"slush" fund is being raised for the
| Republican campaign by George w.
| Simmons, were presented Saturday
! to that body by Frank p. Walsh, OF
| Kansas City, counsel for the inde-
| pendent presidential candidate
In submitting a batch of CORE
| spondence on other data upon which
| the charges are based, at least in
part, Mr.. Walsh said he would un-
| dertake to show that three funds
I in a.
| States; one by the national commit
tee, the regular fund.- one a fund
| created by the bankers of the Unit
ed States and taken care of by them,
and the other by the manufacturers
and business men.
Walsh also told the committee
( that Senator La Toilette had told
him over the long distance telephone
that he had underestimate the
amount Of the 'slush' fund that was
being raised to carry this election
! when he said that he thought it
would be four million dollars or five
million dollars.
From the investigation which we
have attempted to make, a very
hasty one, indeed" La Follette's
counsel added, I'VE think we have
leads we will present to the commit.
tee here to show that ten million dol
lars is not too great an estimate,
and that it is very likely to reach
twelve million dollars"
Introduces Letters
To support the inclusion that
three Separate funds are being rails
4 ed, Walsh presented letters written
by George w. Simmons, a vic pres.
ident of the Mechanics and Metals
National bank, New York city, ap-
pealing to other bankers, irrespec-
tive Of party, to. contribute to
fund to help the Republican nation
al ticket. He also introduced into
| evidence a letter of similar import
sent to its members by the Manu-
facturers' club, Of Philadelphia.
Senator La Toilette has been adj
vised," Walsh said in this connec.
ton, that at a meeting of the Ma
tional Bankers convention in Chica-
go a few. days ago a speech was
made requesting that all trust COM
panies be requested to give one
twentieth of one per cent Of their
capital as contributions to fight La
Toilette in the west. Edward II.
Stotesbury, was made chairman of
the committee to collect the money"
Besides these letters, Walsh pro-
duced a series of four written by
! Joseph r. Grundy, a yarn manu-
J facturer of Bristol Pa, and chair
man of the ways and means commit
tee of the Republican national
committee. Two of the letters,
which contained the most urgent APP
pealS, were written on October 8 and
October 10. The other letters, those
by Simmons and the Philadelphia
Manufacturers club, were dated at
about the same time.
Walsh told the committee the dates
Of the letters were Significant"
"They are getting money at this
time" he added, land that Is why
Senator La Toilette says this is
more likely to be ten million collars
or twelve million dollars, because we
think we are going to show that he
people are responding to these let
ters from all over country"
Calling attention to a passage in
one of the Grundy letters saying
that Pennsylvania SO electoral
votes may be safe for Coolidge
and Dawes, but our money and
energy must be given to help carry
doubtful states and doubtful con-
gressional states" Walsh said:
Hearings at Capital
1--WE propose to show by the cor.
| respOndence which has been inter-
cepted and turned over to us by
those who did not agree with this
way of running our government,
that the effort is being made direct
ly to carry the northwestern, west
ern and southwestern states, and to
| carry them with the money collect
ed by the benficiaries of the present
! business combinations, and, we will
show later on by the very money Of
the farmers in those states that is in
| the banks in the city of New York
| today"
! Declaring that the full extent to
which money for the aid of the Re-
| publican ticket is being raised could
! be ascertained only by rigid cross.
examination of those he believes are
| interested in the movement, Walsh
| asked the committee to issue sub
| poenas for a number of persons liv-
! ing in New York, Philadelphia,
! Washington and Kansas City.
After discussing the subject fully
! in executive session late in the day.
the committee decided to resume the
| hearings in Washington next Tues
! day and to summon first witnesses
/ from Philadelphia and Washington
| in order to determine first. whether
! the La Toilette charges can be sup
! ported by evidence before witnesses
are called from more distant cities.
Chairman Borah said subpoenas
would be issued for these witnesses:
Joseph r. Grundy, Edward r. Stotes-
bury, Samuel NJ. Vauclain, president
Of the Baldwin Locomotive works:
Nathan T. Folwell, treasurer of the
Manufacturers club; W. w. After
bury. vice president of the Pennsyl-