The Washington times., 1924-01-31
WEE Ks IN
!. DEAL, IS
REPORT
Testimony Given by Carl G.
Magse, Newspaper Editor
Of Albuquerque, N. M.
BY JOHN T. LAMBERT,
Cosmopolitan News Service.

By JOHN +. LAMBERT,
Cosmopolitan News Service.
How the long arm of Wall street
reached across the continent from
New York to New Mexico to save
its faithful friend, Albert B. Fall,
from defeat when he was a. candi-
date for election to the United
States Senate has been revealed to
the committee investigating the
Teapot Dome scandal.
Points In Evidence.
The evidence shows:
1--That Wall Street bought q
newspaper to help Fall be re-
elected.
2-That Secretary Of War John
w. Weeks was in on the deal.
8-That Wall Street refused to
sell the paper to practical news
paper man because Fall urged
against the sale, although he did
not then own a penny in 1t.
4-That Fall urged the new owner
to get control of New Mexico by
tA0 A4tLuO OAAAOOp W0ASA
had power over 100000 acres.
5-Tha tFai1 said, Didn't / tell
you the Public Land Office was
organized to suit me?"
The evidence was presented to
the committee by Carl G. Magee,
newspaper man,-of Albuquerque, N.
M. Fall told him he was to resign
from the Senate because he was
broke. Magee said Falls property
bore all the earmarks Of poverty.
Later, Fall acquired the strange
financial affluence to such an ex-
tent that Magee rubbed his eyes to
see IL It was the same place the next
time he rode past Falls Three Rivers
ranch.
Bought by N. Y. Banker.
Magee testified that he tried to
buy the Albuquerque Morning
journal. He found 1t had been
bought, he said, by Vice President
George e. Roberts, Of the National
City Banksof New York, "1ust prior
70 the election Of 1918, when Senator
Al. B. Fall was O candidate for re.
election"
Magee said he went to New
York and saw Roberts. There he
learned that Roberts had bought
the paper for the El Paso and
Southwestern railway, the Chino
Copper Company, a~steel manu-
featuring company in Cleveland.
John w. Weeks and "a firm OF
Coolidge ana somebody at Boston
not the President, however"
Magee said he went to the pres
sdent of the railroad and sought to
acquire the paper. HE reported
to me two weeks later" Magee
testified, "that they all refused to
sell because Senator Fall was op-
posed to the sale Of the paper al
Though he had informed me that
Senator Fall had no interest"
He said he abandoned all hope
OF getting hold of the paper until
a voice which refused to disclose
the identity Of it's owner told hita
over the phone that Fall was ready
to SELL Within a few minutes he
received q telegram from Fall in.
viting him to come to Ell Paso at
once.
His Verbatim.
The remainder Of this is from
verbatim testimony given the Oh
Scandal Committee by Magee:
Fall told me he shortly was
going to resign from the United
States Senate because of his
financial condition and attempt to
rehabilitate it; that it had broke
! him; that he couldn't pay taxes on
his property; that his ranch was
in dilapidated condition and il
showed it.
Senator Fall met me at the
railway station at Three Rivers
There is nothing but station
there. And I was impressed with
the character of the car he was
driving. He had a Franklin that
we had to get out and fix three
or four times to get three or four
miles up to his house and I was
impressed before he told me of his
financial situation with the very
dilapidated condition of the house
and the general rundown condi
ton of the place.
81 at first attributed it to the
fact that his son had died in 1915
he had had charge Of the ranch
and I thought it was neglect. Ht
informed me that it was poverty
that he needed the money"
Fall sold a water-right to tht
railroad for $4,000 and had pu
the money into the paper. Mage.
then bought it from him.
Fall Suddenly bought $91 900 more
property, spent $4,000 to install 6
water-power plant, paid eigh
years back taxes and did wha
! Magee describes as follows to hi
Three Rivers property:
"When l saw it again, / though
was lost. / was puzzled. Wha'
a change has been made. Their
hade been pillars built up to tn,
road. beautiful woven wire fence!
put a'ong, trees planted AMI con
CT eted cutters and very expensive
road. couldn't recognize It,"
Threat BY Fall Alleged.
Magee continued. ekwhere
when l was at Three RivcrS
Senator Fall told me one OF tn,
ways to control the State was b,
the control of the land office; tht
1z.000,000 acres the Government
gave the State. They told me thcv
had Leen so able 90 organize It fo
the big cattle men In the souther,
part Of the State cad stay Ia lin,
with II.
About four mouths after 7 too;
over the paper, Ae returned fron
CEHnMn NANYn