San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-12

Just what stock transactions | hay
had.
Has Bought ;stccks Twice.
"0nly twice in my life have
bought New York Stock Exchang
stocks and here are the facts abod
those two transactions
| In November, 1922. | bought 200
shares OF Pure oil Company stoe
through Hibbs and Company. Wash
| ington. ID. &. ] sold this stock j.
February. 1923. through Hutton am
Company, Palm Beach, Fla, at :
| profit Of about $500. This prof
was entirely mine. Ny understanding i
that the Pure Oil Company is com
pany that has never had any conncc
tion with any government leases. ant
in no wise is concerned in this in
vestigation.
In March. 1923. bought 2O0C
shares of Bethlehem Steel Company
stock through Hutton cnd Company
l'alm Beach. Fla. j sold it through
Hibbs and Company in December
1928, at loss of approximately $780,
600. This loss was entirely mine.
This is the entire story of any
New York Stock Exchange stocks eve:
purchased or sold by me. | have never
traded in any of the so-called curb
stocks nor have l bought or sold apv
stocks except those above mentioned
with the exception of such local bank
and trust company stocks as | am
interested in.
Il have never been interested in
the purchase of any Sinclair or Do
heny oil stocks, directly or Indirect
~. by which i mean that j have never
made any such purchase. nor have |
had any interest in any such pur-
classes made by anyone at any time.
Refers 10 lmputation.
The public press has repeatedly
carried reports that an important
witness was negotiating for immunity
from prosecution in consideration Of
the disclosure by him of sensational
facts. The press reports have too
clearly indicated that | was that i'm
portant witness for me not to be sen.
sible 10 that imputation.
The facts are:
First. | have no knowledge Of
not disclose any 10 this committee
or TO. any senator or TO any other
committee or person whatever.
Second. | have no need of any
immunity of any kind and l have
neither asked for it nor authorized
any person 10 do so.
The only consideration I have
sought was that which would excuse
me from appearing on the witness
stand.
You have exaained with consider
able fullneSs Geographic correspond
cree between my employees, my coun
sci, several of my friends and myself.
L believe that YOU will agree that those
kilograms may be divided into three
classes:
First Those that brought me IT.
formation.
Second. Those that showed my de-
sire TO avoid appearing US a witness.
Third. Those that relate to my
and business affairs.
Certainly none of them indicate
that | had any connection with the
oil leases which you are inveStigat-
ing and none % them could so in
dictate.
Il sm now ready, gentlemen. 10 an
swer any relevant questions relating
TO the subject of this investigation
that you may have 10 ask upon the
assurance and confidence, of course,
that / will not be called upon to an
swer any questions which the laws
protect as privileged between my
counsel and myself"
Finishes Reading Statement.
As he finished reading his state
ment. Mclean tossed the typewriter
sheets to the official stenOgrapher and
Strengthened up in his chair.
You haven't adverted at all 10 the
testimony you gave at Palm Beach,
commented Senator Walsh. do you
care 10 make any statement about
that
No. sir" said the witness.
you said there, you were unable |
o find the stub checks on that $780, |
100 loan. Have you made any search |
or them:-
The publisher said he had looked |
or them in vain. He replied in the |
affirmative when Senator Walsh |
isked if the checks ever really had ex-
sted.
The senator then turned to the trip |
Mclean made in December to Atlantic |
jity 20 talk with Fall. Mclean ex-
planned that he had received a tele-
ram from Fall and later a telephone |
message from Mrs. Fall.
She told me that Senator FAN !
wanted to see me. that he was sick
md very nervous" Mclean said. Il
old her it would be very difficult but |
hat | would come il Albert wanted
ne"
Fall Was Nervous.
please tell us about your CONVEX
'ation with Fall at Atlantic City"
Mclean explained that he went in
his private car.
Il was met by Mrs. Fall. She
old me Albert was asleep" he went |
IN. After a while he came out in
red wrapper. He was in an awfully
nervous condition. | could see that.
He asked me: Ned, do you remem-
Yer our check transaction of a few
,ears ago? / SAID did. and he said:
Will you say you loaned me that in
ash? I'm in a terrible situation. 1t
las nothing 10 do with Harry Sin
lair nor Teapot Dome He said.
they are barking IN the wrong tree
And ! said l would. 1 believed my
'riend."
Going back to the checks, you told