Perth Amboy evening news. [volume] (Perth Amboy, N.J.) 1903-1959, 1924-10-22
FUNDS Of c. O.P.
INVESTIGATED
Borah Senate Committee to
Take Up Charges of La
Toilette Today
GRUNDY WILL TESTIFY
F. P. Walsh Acts as Personal
Council for La Toilette
at the Hearing

WASHINGTON, Oct. 22.-Sub-
poenas were issued today by the sem
ate committee Investigating cam
paign expenditures for William B.
Knox, president of the American
Bankers Association; Charles ID.
Hilles, former Republican national
chairman, and George w. Simmons,
vice president of the Mechanics and
Metals Bank, of New York City.
They were asked to appear tomor-
row.
In telegram to Chairman Borah
today, Mr.. Knox denied the state
ment made at the Chicago hearings
by Frank Walsh, attorney for Sena-
tor LaFollette, that trust companies
and national banks had been re-
quested at a recent meeting of the
American Bankers Association to
contribute a percentage of their cap
ital ITO fight LaFollette in the
west The telegram follows:
Referring to the recent meeting
of the American Bankers Associa
ton in Chicago, Sundays papers
broadcast the following statement as
having been read into the record of
your committee by Frank Walsh, at
torney for LaFollette:
"A speeach was made requesting
that all trust companies be required
to give one-twentieth of one per cent
of their capital and national banks
one-tenth of one per cent of their
capital as contributions to fight La
Toilette in the west
.Inasmuch as no such statement
appears in the records of our con-
vention, of which stereotype trans
cript was made, and to the best of
my knowledge and belief no such
statement was made. / would be glad
to receive the name of the speaker
to whom Walsh referred.
mo request has ever been made
by the American Bankers Associa
ton for funds for political campaign.
purposes. / trust this correction
may be accorded my you the same
opportunities for publicity as the
statement read into your record by
walsh
WASHINGTON. Oct. 22.-with
Frank P. Walsh, of Kansas City,
personal counsel for Senator Rob-
ert NJ. La Toilette, and Samuel I'm
termeyer, of New York. In the role
of special prosecutors, the senate
investigating committee got back
today to the charges of the Inde-
pendent candidate tnat Republican
'islush' fund of from 1000, 900
to S12. 100000 is being raised for use
in this campaign.
Joseph r. Grundy. a Bristol, Pa,
manufacturer, and chairman of the
ways and means committee in Penn
sylvania for the Republican national
committee, was summoned as the
first witness for a wide range of
questioning with specific attention TO
what he had done IN the way of
raising campaign funds in his state.
The committee already had before
1t copies of four letters which it is
claimed he addressed to the "citi-
zens of Pennsylvania" appealing for
funds. These said he had been
asked by the Republican national
committee to raise every possible
dollar in Pennsylvania outside of
the Pittsburgh district and declar-
ed that the country, the government
and our institutions and indus
tries" would be in peril IL the La
Follette movement was successful.
Beside Mr.. Grundy, the commit
tee had summoned several other
officials of the Pennsylvania ways
and means committee, including
Samuel M. Vauclin, president of the
Baldwin Locomotive works, and
Chester W. Hill, secretary.
Other Philadelphia witnesses are
Edward T. Stokesbury. alleged by
La Toilette to be chairman of
bankers committee to raise funds
for the support of the Coolidge
Dawes ticket, and Nathan t. Fol-
we'll, treasurer of the Manufacturers
Club of Philadelphia, who was TO
receive contributions by the mem
bers of that club to a Republican
campaign fund. Folwell also Is
member of the executive commit
tee of the Pennsylvania ways and
means committee.