Evening star., 1924-03-18
Purchases by CooIidge's Aide
Made Before He Left Con-
gress, Accountant Reveals
to Teapot Committee
new PLEA IN $100, 900
=, LOAN BY FALL RELATED
Senators Curtis and EIkins and
Representatives Rouse, Goody.
koontz, Hines and Ryan Said to
Have Dealt in Doheny or Sinclair
Securities in Recent Years.

The oil committee resumed its
hearings with double-barreled sur
prise today in the form of fresh evil
dence of oil stock speculation by
government officials and further tes-
t;mony about the famous 100000
loan to Albert B. Fall.
Brokers' records submitted by an
expert accountant showed that At
torney General Daugherty had dealt
in both Sinclair and Doheny stocks
since he entered the cabinet; that
{. Bascom Slemp, now secretary to
President Coolidge, also bought
some Doheny stock before he retired
from Congress in 1928, and that there
were records of dealings also by
Senators Curtis of Kansas, Elkins of
West Virginia and number of rep
resentatives.
Used Assumed Names.
The witness said that Attorney
General Daugherty opened his ac-
count with W. B. Hibbs and Company
under his own name and subsequently
changed to the name of w. w. Spaid,
q member of the firm. He also said
Mr.. S1emp's purchase of certain
shares of Mexican Petroleum were
made in the name Of P. w. Slemp.
Price Mckinney of Cleveland then
testified that former Secretary Fall
had sought late last year. when the
committee was inQuiring into Falls
finances. to have Mckinney say that
he had loaned 100000 to the former
Secretary. That was before Fall
made the same proposal to E. B. NC
Lean.
u. s. Accountant Testihes.
The testimony relating to the stock
purchases was given by Louis T..
Bond, an accountant attached to the
Federal Trade Commission, who ex-
amined the records of q number of
brokers' Offices. The transactions in
volving the Attorney General and
others, he said, were made through
the local offices of Hibbs & Co.
Before his examination the COM
nittee digressed for a moment and
Chairman Ladd read letter from
Maj. Gen. Lejeune, commandant of
the Marine Corps, saying the expedi-
tion of the marines to clear off tres
passers from the Teapot Dome re-
serve had cost s1,065.
Slemp at the time of his transactions
was a member of the House, Mr.. Bond
said. Other representatives dealing in
the stocks Included A. B. Rouse, Ken
lucky; Wells Goodykoontz of West Vir-
einia, J. II. Hines, Ohio; Thomas j.
Ryan of New York.
Says Curtis Bought Stock.
Bond testified that Senator Curtis,
who is the assistant republican leader of
The Senate, bought 100 shares Of Sim
clair consolidated on February %, 1922,
and that the records indicated it was
straight purchase"
Attorney General Daugherty bought
100 shares Of Pan-American, the Doheny
corporation that leased the California
reserve, and sold at a profit OF $543.50,
the accountant said. October 8. 1922,
the Attorney General sod 500 shares OF
Sinclair Consolidated, and on October
"a he purchased an equal amount of the
same stock, Bond said.
The Attorney Generals account
with Hibbs e. Co. was opened in No
vember, 1921, Bond said, in his own
name and subsequently changed to
the name of w. w. Spaid, a member
ct HibbS g. Co.
Senator Elkins bought $500 shares
Of Sinclair consolidated on November
16. 1922. at a cost Of $302,355. He
at $272.924 and took straight de-
livery" on the remaining 1000 shares.
Tells Of Slemp Deals.
Bond told the committee that
Slemp bought 100 shares of Mexican
Petroleum for "P. w. slemp" and
sold them at net profit Of $581
He then bought on on June Is. 1922
another Sinclair company, and sold at
a profit of $1,4s4.3s.
Representative Ryan, the witness
said, dealt in 5,400 shares of Sinclair
IN 1922 and 1928 and realized a net
profit of $S.645.
Representative Rouse, according to
Bonds reports, bought 100 shares of
Pan-American Petroleum at $S,715
and there was no record Of any sale.
Representative Goodykoontz was
shown to have made a net profit of
S256 in Sinclair Consolidated and
Mexican Petroleum.
Hines Transactions Shows.
Representative Hines bought and
sold to the extent of $500 shares of
oil stock, but Bonds report did not
show whether there was . loss or
gain.
(The Sinclair Teapot Dome lease
was signed April z. 1929. and the
Doheny California lease December IL,
1929
Mr.. Mckinney testified before the
committee that former Secretary Fall
had written him late In 1923 asking
him to agree to say he had loaned
Fall 100000. Mckinney said he de-
clined to do SO, because he had not
made any loan to the former Interior
Secretary.
Mackfnney said he did not reply to
Falls letter making the request, and
c. C. Chase, Falls son-in-law, visited
him at Cleveland.
What did Chase say?" asked Sem
ator Walsh.
Il did most Of the talking" the wit
ness said. II said had not made
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