The Birmingham age-herald., 1924-03-19
CAPITAL SPECULATION
 AIRED BY ACCOUNTANT
Daugherty, Slemp, FL kins, Curtis And Con-
 pressmen Named

| WASHINGTON, March 1S.-At- torney General Daugherty and Albert B. Fall figured separately in two new chapters written today into the record of the oil committee as the Senate in- vestigators renewed their long private quest for all of the facts in connection with the leasing of the naval oil re- serves.
 One story was that on the day the Sinclair lease of Teapot Dome was announced officially, MT. Daugherty changed his margin account in Sinclair oil stock at a Washington brokerage house from his own name to that of W. W. Spaid, a member of the firm, who then was carrying a large account of Jess W. Smith, personal friend and confidant of the Attorney General.
 The other chapter had to do with still another apparent attempt by Fall to conceal through the statement of an old friend that he had obtained $100, 900 from Edward l.. Doheny, California oil magnate, late in 1921, when he enlarged and improved his New Mexico ranch holdings.
 Curtis Is Involved
 Besides the dealings the Attorney General had in oil stocks, the committee obtained from it's expert accountant, Louis F. Bond, detailed accounts of transactions in oil stock by two sen ators, Curtis of Kansas, assistant re- publican leader in the Senate; Elkins of West Virginia, and five then mem bers of the House, including c. Bascom Slemp, now secretary to President Cool. idge.
 I Both the stock transactions and the af .. of O., that Fall sought to have him agree to say he had loaned the former in terior secretary money will be pursued by the committee. Members regard Nc Kinney's statement today one of the more importance that has been developed in connection with the oil leases.
 Identifying himself as an old friend of Fall, Mckinney, a mine owner, tes tified that late in 1923 he had received letter from the former secretary "asking me if I ever would state that I made the loan for the purchase of the ranches or property bought in New Mexico"
 The witness said he had not answered the letter and that Clarence c. Chase son-in-law of Fall, had called upon hin at Cleveland day or two after Thanks giving Day, which was November 20 to take up the subject.
 q think I did most of the talking, he said. Ut only got started and said, I have not made him a loan and I could not say that have." l Letter Destroyed 1 Asked if he had the Fall letter, Me. Kinney said he had destroyed it ''when Mir. Doheny testified that he himself had made the loan."
 At the time Chase visited Mckinney the committee was seeking the source of funds which Fall evidently had re- ceived and the latter was preparing to come to Washington to testify, accord ing to telegrams placed into the record There is evidence of conference be- tween Fall and Chase at Chicago early in December, after which the former secretary went on to New York and then to Atlantic City, where Edward B. Mclean, publisher of the Washing ton Post, agreed to say that he had loaned Fall $1OO,000 instead of giving him checks aggregating $10O,000.
 Near the time of his call on McKin, ney, Chase, for whom a subpoena was issued today, was in communication with J. W. Zeveley, personal counse to Harry F. Sinclair. From Chicago on December 1, he sent Zeveley al Washington this telegram:
 Will be delayed in arrival account going to Cleveland from here"
 From Washington two days later Chase wired Fall that he would meet him in Chicago, adding the word ''im portant."
 On the same day Fall wired Zeveley here that he was preparing to come to Washington to testify and added Chase should have reached Cleveland Sunday night. Are you in touch with him? Notify him."
 Zeveley on the same day sent a tele- gram to Chase, who then was en route to Chicago, saying: Immediately upon arrival in Chicago call me telephone Main 6562"
 Accounts Checked Turning to the stock accounts of At torney General Daugherty, who has publicly denied that he had any con- nection with or knowledge of the Sin clair lease, the committee learned from Bond that the first entry on Novem- Der z, 1921, remained in the Attorney Generals name until April IS, 1922 when it closed and was transferred to w. W. Spaid, No. 4.
 II want to call the attention of the committee to a rather notable instance ' remarked Senator Walsh of Montana that the Daugherty account was changed from his own name to the name of Spaid on April IS. 1922, which was the very day that official information was given out from the department oi the interior of the execution of the Sin clair lease."
 . Transactions In Detail
 The Daugherty transactions detailed by Bond were the purchase of 10C shares of Mexican petroleum, Doheny corporation, on October 9, 1922, and their resale OH October Il, 1922. at q net profit of $543.5O, the sale of soc shares of Cinclair Consolidated on Oc tober Q, 1922, and the repurchasc oi the same amount on October 27, 1922
 Bond testified that Daugherty had these 800 shares on hand on January 1, 1923, the time limit placed upon his l . ~ --