Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-03-13
DENIES INTERESTS
IN OIL COMPANIES
LEASING u. S. LAND
Continued from Page y

8 lean Petroleum company, the Pan
American Petroleum company, or
ANY of their dependent companies,
q or, so far as 1 know. any company
= that MIR. Doheny had any interest
lin or connection with.
" II know nothing about the con-
s@@tract or leases between the govern
%-ment and the Doheny companies.
" Again, in brief l have had no
S-connection with interest in, or trans
factions with Mr.. Edward l.. Doheny
h-or any company or business OF his
~at any time in my life.
- Former Secretary of the Interior
ss-.sAlbert B. Fall has for several years
x+been personal friend of mine. My
:s----.relations with him have, however,
~~been personal and never official.
- IT have never at any time had
1eny official transaction with the in
81 terror department of the United
= States government.
Knew DENLY Slightly
- GAS regards the navy department
land Secretary Denly, 1 can say the
ss~same as 1 have already said about
:. the interior department. My per-
sonal acquaintance with Secretary
Il have had no business relations
= whatever with the navy department
! and have never been interested in or
connected with any contracts of any
e kind made by or with that depart
= ment.
"Tne newspaper with which [ am
g connected may have carried some
government advertising, but, of
course, it will be recognized that this
lis a matter not handled by me per-
sonally.
Because there have been publish
). ed indefinite and unfounded rumors
from which the inference might be
drawn that L had participated in
the purchase of oil stocks, although
any stock transactions I have ever
: had are my own personal affairs,
and have no relation to the sub
ject which your committee is au-
thorized to investigate and to the
end that the utter lack of founda-
ton for many of the reports which
have been sent out Of this city may
be shown, l desire to tell you just
: what stock transactions [ have had.
only twice in my life have l
bought New York Stock exchange
:. stocks, and here are the facts about
those two transactions:
I'm November, 1922, / bought 1000
: shares of Pure Oil stock through
: H7BBs-& Co., washington, D. C.
..sold this stock February, 1928,
through Hutton & Co., Palm Beach,
Fla, at a profit of $500. This profit
was entirely mine. My understand
ing is that the Pure Oil company is a
company that has never had any
nn
leases, and is no wise concerned in
this investigation.
Lost on One Deal
I'm March, 1928, / bought 1000
shares of Bethlehem Steel through
Hutton and company, Palm Beach,
Fla. l sold it throueh Hibbs &
Co., in December. 1928, at a loss of
approximately $4,000. This loss was
lentirely mine.
This is the entire story of any
New York stock exchange stocks
: ever purchased or sold by me.
have never traded in any of the So
called curb stocks nor have
bought or sold any stocks except
those above mentioned with the ex-
deception of such local bank and
trust company stocks as 1 am inter.
ested in.
81 have never been interested in
~ the purchase of any Sinclair or
Z. Doheny oil stocks, directly or irdi.
e<rectly, by which l mean that have
.never made any such purchase, nor
have l had any interest in any such
s~purchases made by any one at any
II time.
1.-THE public press had repeatedly
z carried reports that an important
witness was negotiating for immun-
..ity from prosecution in considera-
ton of the disclosure by him of
sensational facts. The press reports
have too clearly indicated that I
swas that important witness for me
mot to be sensible to that imputa-
t.tion.
'The facts are:
sse"First, 1 have no knowledge OF