Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-03-22
WILL HAYS CALLED
To WITNESS STAND
IN THE OIL PROBE

poenaed to Tell of Han1on's
Connections
WASHINGTON, March 20.-Thc
senate oil committee suffered tenn,
porary setback today when it under
| took to inquire into story that
Harry f. Sinclair had turned over
a large batch of securities to Attor-
ney General Daugherty and Will H.
publican national committee, to help
wipe out the heavy deficit incurred
by the party treasury in the cam
| paign OF 1920.
Process servers reported that so
far they had been unable to locate
G. d. Wahlberg, former private sec
rotary to Sinclair, who was to have
taken the stand today as the first
witness in the new line of investiga-
ton. Mr.. Hays has been subpoenaed
to appear later, and Sinclair prob
ably will be questioned tomorrow.
When he was before the commit
tee some weeks ago, Wahlberg testi-
fled that Sinclair turned over $685.
600 in Liberty bonds to MIR. Hays"
He did not identify the man named
and the committee did not follow up
his statement
While the search for Wahlberg
continued, the committee turned its
attention to other ramifications of
it's inquiry.
al Jennings, once notorious train
robber of Oklahoma, is TO be sum-
moned to Washington by the oil
committee.
In also announcing a subpoena
| for Jennings, Senator Walsh said he
| would be questioned in connection
with the rumor that Jake Hamon,
former Republican national commit
teeman from Oklahoma. undertook
to put through IAN oil deal' at the
Chicago Republican convention in
1920.
Ryan Denies Stock Deals
| Former Representative Thomas J.
Ryan, of New York, voluntarily took
the witness stand to deny that he
| was the man referred to in records
of oil stock transactions laid before
| the committee and Louis f. Bond,
| the committees investigator. fol-
lowed him to explain how the identi-
f:cation had been made and to fur
| Their expand his report on the stock
transactions, of others.
llI1pStiOnp1 oroiv, ho,,+
General Daugherty's stock account,
Bond said the first transaction was
the sale of 500 shares of Sinclair
Consolidation and the next was an
outright purchase of the same num-
Der of shares.
| Details of the oil stock transac.
tions of Jess w. Smith, confidant
OF the attorney general, as given by
pond, showed net profit of 81, SOL
IN 1872. The Smith account, Bond
said, was listed as "W. w. Spaid
| No. 80 while Attorney General
Daugherty had an account as wv.
w. Spaid No. A." Spaid is mem.
Der of the Hibbs firm.
Smiths oil stock transactions
were read into the record as follows:
July "a, 1922, bought 200 shares
Mexican Seaboard for $6,430. July
25, bought 100 shares Mexican
Petroleum for $16,42O. July 81,
! bought 200 shares Mexican Seaboard
for $4,5S0. August 4, sold 100 shares
Mexican Petroleum for $16,976. Au-
gust 8, bought 200 shares Sinclair
Consolidated for $3.50. September
26, bought 800 shares Sinclair Con-
solidated for $10,2S2. September 20,
bought zoe shares Sinclair Console
dated for $3.50. October I, sold 700
shares Sinclair Consolidated for SPA
OH. October 20, bought 800 shares
Sinclair Consolidated for $10,245.
October q, bought 200 shares Sim
clair Consolidated for $3.50.
On December there was left in
the account in oil shares 400 Next
can Seaboard and 500 Sinclair Con-
solidated.
What explanation did Hibbs e
Co., make of carrying an account in
The name Of some one other than
the actual dealer?" asked Senator
Walsh.
''They gave no explanation, re-
piled Bond, Il was informed that l
must ask Mr.. Spaid. l saw there
were a number of actual deliveries
Of stock and l called for the re-
ceipts. On the receipts appeared the
name of Jess w. Smith,
Ryan Error Explained
In his explanation of the appear
ance of the name of former Repre-
sentative Ryan in his report, Bond
said that the brokerage books showed
only ST. j. Ryan" but that the clerk
at Hibbs & Co., said it was Thomas
Jefferson Ryan," a man of means
who travelled around" A man at the
federal trade commission, he said,
| had told him Thomas Jefferson
Ryan at one time lived on 10th street.
at another time at the Wardman
hotel and then for a time at the
Willard.
Il looked in the 1922 city direc-
tory and saw there Thomas Jeffer-
son Ryan, who lived on 18th street."
the witness continued. I'VE looked
into a congressional directory and
there was a Thomas Jefferson Ryan.
An examination of Mr.. Ryan's bank
account ST owed ne had dealings with
New York bankers and brokers.
The primary fault was with
Hibbs & Co., who knew who T. ].
Ryan was and did not disclose it,"
Without hearing any other wit
nesses. the committee adjourned I'M
I'll 10 a. m, tomorrow.
Wahlberg Reported i'm Cuba
Senator Walsh said today he had
information that Wahlberg was in
Havana. Cuba. If this is the case
the committee is without power to
compel his attendance. and since
Mr.. Hays has been subpoenaed for
Saturday. it is probable no further
effn1.t Mill he made 10 find Wa hi.