New Britain herald., 1928-03-01
HAYS TEST|FES
 0N TEAPOT DOME
(Continued from First PaKe.)

(conttnued from First page.) crat, Montana. who sought to get details Of the delivery of the securi- ties by Sinclair. Except to say that 1t took place in New York, Hays could not recall the exact location.
 At the end of his statement he said he had given to you to the best of my recollection all the infor- nation in my possession with respect to any government bonds which may have been formerly held by the Con- tinental Trading Company and later used for the republican national committee"
 The witness said that at the end Of the 1920 campaign the republican national committee found itself in debt to the extent of about sl,coo,- 00o.
 Although he had retired from the committee in 1921 and from the cabinet in March. 1929. he said he felt . sense Of responsibility because tho deficit had been incurred while hc was chairman and that he re- sponded to request iron, the treasurer of the committee in 1923 10 aid in the endeavor to liquidate the remaining indebtedness.
 Y desire to say at the outset" Hays said. 'that the only informa- ton that has come to my knowledge about any government bonds once owned by the Continental Trading Company ever having been used for the benefit Of the republican nation- al committee is the report from the investigation of this committee.
 " did not know Of the existence of the Continental Trading Company at the time I assisted in raising the deficit of the republican national committee and first heard of it in the public reports of the trial in Cheyenne, Wyo.
 Got Bonds.
 Y do know. however, that Harry F. Sinclair did turn over 10 me for the benefit cf tho republican na- ,ional committee In connection with the deficit, | certain amount of gov ernment bonds. and these bonds may or may not have been originally in the possession of the Continental Trading Company
 Telling of his personal appeal to the wealthy oil operator for funds for the committee. the former chairman said Sinclair had told him Ee would make a personal contribu- ton. which he thought should nor exceed 176,ooo.
 He also said he would turn over to us approximately slS5,oo0 fin government bonds in addition 10 his contribution for such use as might become necessary upon my assurance that he would be repaid he total amount advanced in eX- cess Of the $75,o00 contribution" Hays continued.
 Both the $75.0O0 and the $S5.- 00o were, l think, In government bonds, and portion of the $lS5,- 900 government bonds was used as stated and this ad- along with contributions by many others. enabled tho treas urer to announce to the committee at the December meeting that the was provided for.
 Members Not Recorded
 50 far as I know no record was made of the numbers of these bonds or even of their particular issue.
 "$7s,0o0 of the bonds constitut- ing MT. Sinclairs personal contr:- button were applied on the commit tees indebtedness at the Empire Trust company. through the chair man Of it's board, General T. Cole man DuPont.
 "&S0.ooo Of the original $lS5.oo0 received from Mir. Sinclair were returned to me to Mir. Sinclair.
 "Of the remaining s1sS,ooO l de- 'ivered to John T. Pratt ot New York. to the best of my recollcc- ton. tb0.00o. at about which timo he placed In the hands of the con- 'nittes tbo,00o in addition to amounts he had previously contri- buted.
 Later ! asked Mir. Pratt 10 add that sum to his previous contribu- ton. To this he agreed and deltv- cred to mo $5o.ooO in government bonds, but I had no knowledge as 10 whether they were the same bonds I had previously delivered to hin. These bonds in any case were given by me to MT. Sinclair.
 4S5,000 to Weeks
 "Of the approximately $s5,ooo delivered s25,o0o 10 John w. Weeks of Bos- ton. b he used by him in his ef- forts to raise money for the deficit and they were used by him for that purpose.
 The approximately $6o,o00 re- maining ! delivered to Fred w. Ip- ham of Chicago. for the same pur- pose. and they were used by him for that purpose.
 Consequently. lacked approxi- mately $S5.00O with which to repay MT. Sinclair the entire $1S5.oo0. I felt hound to reimburse Mir. Sin clair in full and I did so. hoping at the time that l could get some 'urther help later from others, but his did not ma,erialize. I had suf- lered financial losses, of which Mr. Sinclair knew. He did not feel that