Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-04-05

err" Lane went on, land among other
items we found was that $1,619,000
lost before the war by Mitsui & Co.
in financing a Painted, N. j, plant,
was charged into assets of the
Standard Aircraft corporation, and
the government paid it.
Lane said that if the war depart
ment had sent the Standard case to
the department of justice for action,
it had been done "since Monday so
far as his office knew. The Wicker
sham firm, as counsel for Mitsui,
MADE q tremendous" assault on the
government report, making an 'eX-
tensiVe review necessary, he said,
and the review showed that the gov
eminent Ought to recover about
50 900, 600 and had paid to the com
pany about $1,000,000 additional
which it ought not to have paid.
Both trent and depreciation" had
been collected from the government
on the same property Lane saio
when "any one with one eye" could
see that one item or the other was
false.
MIR. Mingle was found dead in
the city of New York some time last
September" the witness remarked,
saying there was secrecy about the
matter
The Standard company, he said,
got $2,200000 as "amortization Of
plant" he said, Notwithstanding the
fact that it got from sales more than
the plant ever COST
| Our final figure was that they
were overpaid on amortization and
deprecition about $10,800, O00," he
added.
Bosch Sale Denounced
Taking up the Bosch Magnetic
case, Lane said the government had
paid that concern $4,000 when mot
five cents worth of goods had been
delivered to the government" on
the contracts involved. The con.
tracts were made with the alien
property custodian.
Whatever the government paid
this company was oveipaid," the
witness said.
Lane said sale of the Bosch com
pany by the alien property custodian
for $4150 900 had been closed de-
spite the fact that his examination
of the companys books indicated a
value of $12 900, 900. He did not
know whether A. Mitchell Palmer
or Francis F. Garvan made the sale,
as alien property custodian.
Lane said his record indicated
that the war department Bosch case
went to the department of justice
in January, 1922. He added that he
had no knowledge of grand jury
proceedings and never had been
called as a witness.
Asked if he ever recommended
that criminal prosecutions be insti-
tuted in the Standard case, Lane
said that was not his duty, that he
was merely adviser.
Lane said the Bosch sale of Sc
curities was made through the firm
of Hornblower & Weeks" but be-
fore Mr. Weeks became secretary
of war. 1t was brought out that the
the department of justice from the
war department after Mr.. Weeks
came into office.
Volandt's Version
Captain Volandt then took the
stand and testified that the papers
he took from Lanes brief case were
Official data" of the department.
He declared Secretary Weeks had
told him to inform the committee
that these papers could be obtained
only by subpoena on the secretary
himself
Volandt admitted having instruct
ed Lane ''to stay away from the
committee"
"You wanted to keep him from
giving testimony" asked Senator
Wheeler.
Absolutely not" answered Cap
tain Volandt.
II want him to testify and want
him to give my own testimony"
Questioned by Lane with the com
mittee's permission. Volandt insist
ed he had touched no papers except
official records of the air service.
Volandt said Lane had flour vol