The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-02-13
COOLIDGE SHOWN
IN TEAPOT CRAFT
Continental Oil Loot in
1920 Election
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for the Republican National Commit
tee, and who used them in paying off
the s1,800000 known debt incurred in
electing Harding and Coolidge in
1920.
That Coolidge knew that he owed
his election to the funds originating
in the Continental" steal was indi-
Gated when it was admitted that the
information is not new, but was brot
out in testimony before Senator
Thomas ]. Walsh of Montana four
years ago and kept as carefully
guarded secret since then.
John d. Jr. Testifies.
In a session marked by the testi-
mony of John D. Rockefeller, Jr., and
no less marked by the servile attitude
of the senatorial committee, the ex-
cuse was offered by Walsh, the STAN
dard Oil senator from Montana, and
other members of the committee, that
the significance of the present evil
dence was mot then realized"
Twenty-four of the seventy-five
$1,000 Liberty Bonds given to VIII H.
Hays by Harry F. Sinclair bore the
same serial numbers as bonds bought
by the Continental Oil Company in
volving both the Sinclair and Rookie
Teller interests.
These bonds were transferred to
Gen. T. Coleman du Pont by Hays, to
nay off the balance of two loans made
by the Republican National Commit
tee at the Empire Trust Company of
New York, of which Gen. du Pont
was then chairman of the board.
Other Bonds Traced.
The entire slush fund of the Con-
tinental consisted of S3,0S0,000, and
tho Investigators have only reported
tracing "a of these bonds to the Ma
tional Committee as yet, they report
conclusive indications that the rest
of the bonds used to pay off notes
totalling $266,620 which was the or
iginal amount the Republican Ma
tional Committee owed the Empire
Trust Company, came from the same
source. A complete list of the bonds
is in the hands of Senator Nye, and
further revelations are expected IN
the immediate future unless further
steps for a whitewash bring results
before the reconvening Of the Com
mittee on Public Lands next week.
Total Debt $1,S00,00o.
Since the total known debt incurred
in the election of Coolidge and Hard
ing was $1,000, 900, all Indications
seem to point to the balance of the
payment of this debt coming from the
same source, as with the corruption
of individual cabinet members ex-
posed during the Teapot Dome scan
dals, this would just about total the
100000 in Liberty Bonds distrib-
uted to an unknown source out of the
profits of the Continental Trading
Company.
Canadians Testify.
Clifford S. Howard and A. w. Rice
of the Dominion Bank of Canada, told
of the mysterious history of the Con-
tinental, and gave the details Of the
$3,0sO,0G0 Of Liberty Bonds bought
by the banks New York agency for
the Continental.
They described how H. S. Osler,
the lawyer who headed the Continent
tai, came to the bank and carried
away the bonds in large brown paper
envelopes.
Movie Gar Exposed.
Basil Manly, who has been working
privately for the senate committee. in
addition to presenting the evidence of
the $25,G00 bond deak offered proof
thst these bonds were received from
Sinclair by Will H. Hays, despite de-
malls by Hays, who was chairman of
the Republican National Committee
and later postplaster-general under
Harding. This evidence is in line with
admissions by Hays in 1924 to the eff
feet that he had received $4,000
contribution from Sinclair in 1923,
which is the time the debt was paid
and when Baldwin and Coleman of the
trust company admit receiving the
payment.
These revelations ara considered
especially significant insofar as they
contradict the public statement by
Hays during the 1920 campaign that
mo contribution of more than $1,000