The Birmingham age-herald., 1924-03-19

examination of the books. The Attor- ney General, in a recent public state ment, said he had sold all of his Sin clair holdings in the fall of 1923, at a net loss to him of $2S a share.
 In another statement tonight, Mir. Daugherty declared there was moth ing improper, suspicious or profitable" connected with the transactions and that he had never tried to conceal them.
 Ut will be observed" Mir. Daugh- erty's statement said, "the testimony confirms completely what the Attorney General said in his letter to Senator Willis under date of February 22, which letter is a part of the congress sional record, advising the Senate, Con- gress and everybody of the amount of oil stock he had bought and paid for prior to his becoming Attorney Gen eral and had thereafter sold at a sub stantial loss. The stock was purchased long before the leases in dispute were made. The transaction was not specu- lative in any sense and even though it had been, the purchase was not prompt ed by any information he had or sup posed he might have in connection with oil leases subsequently, made. There was nothing improper, suspicious or profit able, connected with the transactions, and he has never tried to conceal it. Though known long, it is now again used to keep suspicion and gossip go- ing and to produce headlines" .
 Others On List
 Jess Smiths account with the same brokerage firm, W. B. Hibbs & O., was listed as "W. W. Spaid, account No. g." Bond said. Asked how he knew this was Smiths account, Bond said from transaction of stock delivered and a receipt signed by J. W. Smith. After he had described it as a rather large account, he was asked to get all of the details about it for the committee. With reference to Slemp's account, Bond said the records showed that on February 25, 1922, he received from P. W. Slemp 100 shares of Mexican Petroleum, a Sinclair corporation, which he sold on April 25 at a net profit of $5S1. Be- tween January 9 and June 3, 1922, Bond continued, Slemp purchased 1000 shares of Mexican Seaboard and sold it at a net profit of $1, ,434.50.
 Secretary Slemp, in a statement to- day, said his stock transactions while member of the House were 'per- fectly legitimate transactions which need no explanation" He identified P. w. Slemp as his cousin with whom he is associated ill business.
 100 Shares Of Sinclair
 Senator Curtis transaction as re- lated by Bond was the purchase out right of 100 shares of Sinclair Consoli, dated stock on February g, 1922. Sen ator Curtis said afterwards this stock was bought and turned over to his daughter, Mrs. Permelia Curtis George, as a trust fund for her children.
 Transactions by Senator Elkins were by far the largest detailed to the com mittee. Through New York broker age firm the senator purchased S,700 shares of Sinclair Consolidated at an aggregate cost of $302,355. He sold 7,700 shares for $272, ,924.5O, and took delivery on 1000 shares on May 24, 1922.
 Through a Washington brokerage house, Senator Elkins, according to Bond, bought and sold 1000 shares of Sinclair Consolidated between May 1922, and November 24, 1922, losing s5,115 on the transactions. On the purchase and resale of 1000 shares of Pan-American Petroleum in 1922 he made a profit of $5,395.62, giving him net profit on the two transactions of $2S0.62.
 Representative Ryan, the witness said, dealt in 5,400 shares of Sinclair stock and 700 shares of Doheny stock in 1922 and 1923, and realized a net profit of $S,645.
 Representative Rouse, according to Bonds reports. bought loo shares of Pan-American Petroleum at $9,715, and there was no record of any sale.
 Representative Goodykoontz was shown to have made net profit of $256 in Sinclair Consolidated and Mexican Petroleum.
 Representative Hines bought and sold to the extent of $500 shares of oil stock, but Bonds report did not show whether there was a loss or gain.
 The Sinclair Teapot Dome lease was signed April z, 1922, and the Doheny California lease December il. 1922.