Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-25
c. D. P. CONCEAL|NG
WAR CHEST GIFTS,
UNTER|NYER SAYS
Suspicious When List Fails
to Reveal Names of
Gary and Morgan

! WASHINGTON, Oct. 23.-With a
view to determining whether there
have been concealed" contributions
from big business men to the Re
publican campaign funds, Samuel
Untermyer asked the senate inves-
tigating committee today to SUBJ
poena the Republican state chair
men of New York, New Jersey.
Ohio and Illinois.
Mr.. Untermyer, who is associate
! counsel for Senator La Toilette,
said it was strange that there were
missing from the official Republican
| lists the names of such men as FL
, bert III. Gary, of the United States
! Steel corporation; J. P. Morgan, the
! Rockefellers and officers Of the
great Standard Oil interests" all
recognized Republicans"
Chairman Borah, OF the commit
| tee, announced that the request
| would be granted and the state
chairmen named would be called to
| Washington.
100000 to Beat Walsh
| Mr.. Untermyer also submitted
telegram from Senator Thomas J.
Walsh, Montana, saying it was
rumored that 100000 would be sent
| to Montana to be used against him,
in his campaign for reelection. The
! telegram, dated at Poplar, Mont,
October 20, and addressed to Frank
/, p. Walsh said:
"Rumored that $100,000 coming to
| Montana to be used against me, not
passing, however, through either ma
tional committeeman or chairman
Republican committee. Kindly ques-
ton carefully concerning remit
tances to this state"
When Mr.. Untermyer called atten-
ton to the absence of the names
of number of capitalists from the
list of Republican contributors Sen.
ator Borah remarked:
II am mighty glad their names
are missing"
"If they are really missing" in
terjected Untermyer.
I'VE will try to find that out" re-
piled Senator Borah.
Bank Executive Next
Fred n. Shepherd, executive man
ager of the American Bankers as
ISOLATION, was the first witness at
today'S session.
WAS there any discussion Of Qou1,
paign contributions at the meet1<&
of your association at Chicago re-
cently?" asked Senator Borah.
Il No. the. witness answered.
Was there any discussion on the
|; part of the Bankers association to
raise campaign funds?'
. None"
Shepherd said he knew of no bank.
ers who had contributed to campaign
funds except those whose names he
had seen i'll the papers. He person
ally had made no contributions, he
added
Frank p. Walsh took over exami
nation. lie made reference to the
American Bankers league and asked
if it was not the organization that
handled for the bankers political
! and legislative matters.
II don't know" Shepherd said.
do you know whether this league
maintains a lobby in Westinghouse
"I don't know"
You do know that they have an
office in Washington"
II understand So"
Tax Plan Still Alive
Walsh then read letter written
by the league TO it's members re-
garding the Mellon tax plan. 1t said
President Coolidge had publicly an
nounced that he would resubmit the
Mellon plan next month and that
the league was making survey Of
the situation with reference to con-
gress and asked for suggestions.
The letter was dated last July 81.
Shepherd said the committee ought
o question Charles De E. Claibourne,
of the Whitney Central National
bank, of New Orleans. whom he de-
Iscribed as q "disgruntled committee
man of our association"
Walsh asked again about the Chi.
cago convention of the American
Bankers association, but Shepherd
insisted that his association did not
discuss political contributions. He
added that the association had no
control over what was said by those
who addressed it.
WAS there any discussion Of curb
ing of the activities of Robert M. La
Toilette
Reference was made to La Fol.
lette, but 7 can't answer categorical.
ly. You will find the answer in the
IlIC LlldL lS UtIOIG yOu.
The witness was referring to the
minutes of the convention of the
bankers association.
Terms Charge "Fiction"
Walsh then read a. letter written
to Senator La Toilette by T. Carolan,
of Philadelphia, in which the writer
said he had been informed by
! banker attending the associations
convention that a suggestion was
made that trust companies give to
the Republican campaign fund sums
equal to one-twentieth of one per
cent of their capital and national
banks one-tenth Of one per cent of
their capital.
II regard that as pure felton,"
Shepherd said.
Shepherd said the only official dec
laration by the bankers association
was contained in a resolution adopt
ed and which said "the exigencies
Of the campaign" require that the
| full vote Of the country be polled.
The resolution also declared that "a
particularly large and dangerous e1e-
ment of economic fallacy has been
| injected in the present national cam
paign,' adding that "the common
sense of the American can be relied
upon to demand the continuance OF
sound principles in the conduct of af-
! fairs"
| Shepherd testified that the only In
| formation he had that bankers
committee in New York was collect
! ing Republican campaign funds was
what he had read in the newspapers
regarding the proceedings before the
senate committee. Walsh asked about
letters produced at the Chicago near
III. O..
ported to be signed by George w.
Simmons, vice president of the Me-
chanics and Metals National bark.
Shepherd said he did not know Sim.