Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-03-27
SENATE DEMANDS
IMPEACHMENT OF
FALL SON. lN-lAW
More Stock Deals Revealed
Continued from Page u

said, that the funds might have
come from the Thatcher interests.
More Stock Deals Revealed
From Anderson II. Tackett, an ac-
countant, the committee received
further details regarding the dunn
my stock accounts of Jess w smith.
the close friend \ttOrney genera
Daugherty. The witness said he
had been told that one of these &C
counts was earned Jointly by Smish
and the attorney general.
While the committee was IN SEES
sion senate O -iicials formally turned
over to the district attorney the case
of Harry f. Sinclair, cited for con-
tempt because of his refusal to ties
tify.
Mr.. Thatcher, president of the
First National Bank of Pueblo, Col,
said Fall had been d customer of the
bank since 1913 or 1914.
Did the bank make any loan to
him during 1921?' asked Senator
Walsh
Il have the records here. no, sir,
said the witness.
cor 1922"
y o, SIT.
Thatcher said Fan borrowed $15,
600 from the bank in 1916 and paid
it in May, 1922,
Asked about Falls statement to
the committee that he arranged to
get funds from the M. d. Thatcher
estate, Thatcher said the Tres ltitas
Cattle company Fall's company had
done so.
"What do you know about that
transaction?" asked Senator Walsh.
I'VE made some loans to the Tres
Ritas Cattle company. We loaned
them 100000. and there is an over
draft Of about $22, 900 which has
probably been consolidated into a
note.
at was loaned in separate notes
running from $1,000 to $4,000
There may have been some of $15,
600 The amounts were drawn un-
til they reached round figure when
a note would he drawn to cover II.
The transactions, the witness said,
were carried on through Mr.. Ever
hart,
MIR. Everhart told me" Thatcher
sad, that they were trying to make
imprOVemen which would run as
high as $500, 900. He asked me if L
would be able to make a loan. l
said yes, if reasonable. The advance
ments have reached $102, 600 or $103,.
600, with interest for the few months
passed
Took Security, He Says
Anything said about security"
Thatcher listed the loans. The first
was in 1921 and the next was on
September %, 1922.
Thatcher said he knew nothing
about Falls purchase of the Harris
ranch for $91, 500, nor where the
money came from.
Senator Walsh wanted to know de-
tails about FAILS borrowings from
the bank.
81 think until this loan for water
power improvements, the maximum
was $4,000 q year." said the wit
ness.
Hatcher said he would not have
advanced money to purchase new
properties lie identified EVerhart
as Falls son-in-law and manager of
both the Fall ranch and the Thatcher
ranch. He is a cousin of Thatcher.
Thatcher explained that all of the
loans he had listed Were made by
the NJ. d. Thatcher Estate company,
and went into the checking account
of the cattle company. His under
standing was that the loans were Sc
cured by all of the property includ-
ing the Harris ranch or any other
land Falls company bought
Walsh Checks Deposits
Senator Walsh checked over the
records of deposits in the cattle
company's account. They CORE
spOnded with the amounts and dates
of the loans by the Thatcher com
pany.
Asked whether Fall got any loans
except those in the name of the cat
tie company, the witness replied:
Nothing during the period you
speak of"
WAS there any other?" asked Sen
ator Adams, Democrat, Colorado.
There was a loan to Fall in
January, 1921. of $4,000. That was
to cover loans carried over from
1916 or 1917"
Were there any other records in
your bank of people connected with
Mr.. Fall showing any loans?" asked
Senator Dill Democrat, Washing
ton.
MI. Everhart had an account"
did you loan him through your
company"
He had an interest with us. He
was our manager in Colorado and
New Mexico"
''No loans to him in relation to
he Fall ranch: :"
Nothing that I know of"
Anderson H. Tackctt, an ac-
cOuntant Of the federal trade com
mission, was called and gave the
committee more details Of the oil
stock transactions of Jess w.
Smith, COnfidaut of Attorney Cen
eral Daugherty. He said Smiths ac-
count, listed as wv. w. Spaid No.
IT, was closed out and a 'W. w.
Spaid No. 2" account was opened,
which the witness said he had been
told at che office of the brokerage
firm, w. B. Hibbs & Co., was
joint account of Smith and Daugh-
ert&.
Asked what the net result Of the
operations of this account was,
Lackett said it was difficult to say,
but that there might have been a
total loss of $4,000. This was in
1922.
Smith of 200 shares of Sinclair
consolidated. Tackett said, with Il
net profit of $3.317. In addition,
Smiths account showed a transac-
ton in 100 shares OF Mexican Petro-
leum with a profit of $3.50; and d
transaction of 500 shares Of Next
can Seaboard with a loss Of SIP.
The committee adjourned the
hearing until Thursday.
OKLAHOMA REPUBLICAN
CALLED By COMMITTEE
WASHINGTON. March 25.-R. H.
Wilson, an Oklahoma political