Evening star., 1928-03-20
SENATE OIL PROBE
WILL CO DEEP INTO
HARD|NC'S STOCKS
Source of All of Late PreSi-
dents Securities viii Be
Inquired Into.
SENATOR NYE is SEEKING
TO CURB CAMPAIGN FUNDS
Declares He Is Out to See That
Contributions Are Kept
Within Reason"

inquiry into the financial affairs or
the late President Harding by the Sem
ate Tespot Dome committee Will go fur
ther than to determine whether any OF
the Liberty bend profits OF the Conti-
mental Trading Co. of Canada came
into his possession.
We shall have 70 determine whether
there were any oil stocks or other Secu-
rites that might have emansted from
the oil deals into which we are inquir-
ing" Chairman Nye said today. We
will have TO go into that as well as also
reopen the matter Of the sale of the
Marion Star" The Star was formerly
owned by the late President
The examination Of the records Of
the Harding estate will be made by an
investigator. who will be sent TO Marion
TO confer with executors of the estate.
Searching Probe Planned.
The North Dakota Senator said the
inquiry also would go back 10 the time
Harding became President and continue
through the records TO the time OF his
/. death
Turning to the political campaign
contribution phase OF the inquiry
Chairman Nye said he thought the rev.
eIations to date would make it eX-
tremely difficult to raise funds by either
party as they have been raised In the
past"
IF the inquiry accomplishes nothing
more than that it will have done much
good" the North Dakotan added Il
hope out OF the whole thing can come
o more clearly defined corrupt practices
act, so that political campaigns can be
conducted within some measure OF rea-
son, both as 70 contributions and ex-
pencitures.'
The chairman disclosed that study
OF the record Of the Chicago hearing
now is being made TO determine
whether any of the contributions TO the
1924 Republican campaign fund were
made IN violation of the election laws.
Corporate Gifts
He said the particular contributions
under study are those for $4,000 by the
Congress Hotel Corporation through
John Burke, It's managing director. and
the $4,000 gift Of the Corn Products
Corporation The chairman said he
vas under the impression that corporate
gifts 70 campaign funds were made u
iexal under the corrupt practlces act.
Just how much further the commit
Zee is going in seeking TO trace all OF
the $3.50 900 Of Continental Liberty
ponds which Harry r. Sinclair turned
over 20 VIII II. Hays IN 1928 TO nelp
meet the Republican party deficit Is
another matter now under consioera-
ton
The chairman and some others are
fairly well satisfied that al OF the
tonos were washed out" through the
seuoe method that was followed By
the late Fred w Upham, treasurer OF
the Republican national committee al
that time This was 70 turn the bonds
oTer TO various persons 70 have them
sold in the open market and the indi-
v1dazalg make contributions 70 the face
value Of the bonds delivered 70 them
Harding Estate Inquiry.
Today was another Of day for the
inquiry. but il viii get unoer way again
tomorrow after three days OF sUocom-
Yastsee Investigation IN Chicago.
While be did not believe any OF the
bonds would be found there, Eye said
thee would be lack OF satisfaction
II this committee submits report 70
the Senate without going into the
IF they are there, We are going TO
tell Inc world" he added. II they
are not there, We are going 10 tel tne
world. / don't think they are there.
Agreeing that kYe vas absolutely
y4ahf." Louis H. Brush, who, with Roy
Moore. purchased the Marion tOhio)
star from President Harding, issued
statement last night saying that ne and
s7sf associates. vino ase IN Washington on
sgl,efaer matter, were willing 10 give
rae OH committee amy and al details
o. tige transaction.
Let ug, for the SAKE o. square shoot
.Ysg and in fairness 70 the memory of
EzzrGsnU efnA Ef&sEmEYs SSlE
~ls-ing this thing right out In the open
ard 20 straight through H."
the Marion Star figured in the early
mart of the oil investigation wElen IN
0igiry Was made into Sensational Reports
ft1st sonoe' Of the profits Of the naval
csl reserve deals were included IN the
sale price ~ the paper. The news
papers purchasers vigorously cenleo
1nss a. the time, and no evidence Was
uncovered " support the charges.
Partisan Debate In senate.
A committee investigator will be sent
70 Marion ~ inspect the Harding eE~
tate Gles Indications nave been gwen
Dy Senator Rye fnat he probably VIII
not Leave here Det0Fe early next mpnln.
II was PsrsgceBt Harding VINO signed
the executive order which Albert ID.
Fzu as Secretary of ine interior, as
ss4,ned direction over the Elk HIS and
Teapot Dome reserves and later lsased
them 10 EdWafd J.. U0heny and Hairy
n. Sinclair This was ~ 1922, and
sgf1Nn the Government recovered these
properties oy court action. President
Coolidge Tesc!ndec the order VI his
0fe6EceSS0f.
A. the Harding phase was Developing
Yesterday, tAe Senate Goor Was treated
u org Gf ttae most hectic partisan De-
fstes os It's career with Dl0sf t4sn q
6ozen fenstogs flnglng verbal oaTn
across the sssles 2t eaeh otber~~aJ Is
result ~ iI3e recent disclosures lna'
s3e0 900 u EiEcla1s bond profits iron
she Continental olI Deal we're used u
1913 W help wipe 0ut the Eepubiicsf
osrly deficit fTgm the 1920 HARDING
campaign
Demands sege maoe f0T the rsEigns-
ion ~ hlgn administration oftlcisls
Including SeefftsFy Mellon. aud on'
Senator. Robinson sn InClsna Hepub
3caga suggested that GOV Smith d
rev Yprk. might ~ aOle ~ throw
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