Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-03-01

tinental Trading Co then"
"Oh. We all believe that" Walsh
observed.
When you were here before you did
not tell us about any bonds"
Il was not asked about any and
did not volunteer any information
was here to reply to a report that Sim
clair had given $4,000 shares of Sinclair
Consolidated stock to the national
committee"
Hays said he told the committee four
years ago that Sinclair had given a
maximum of $4,000. but that the
$4,000 gift was made after he testified
before.
When did you turn over the ss5 200
to Sinclair"
I'm the general washout. It was after
he first gave me the $l85 900"
How long after?"
That's indefinite. but it was some
months afterwards"
Pressing for information as to what
Upham was to do with 10000 of Sin.
clair bonds sent to him, Walsh asked
II it was not fact that he distributed
them among people in Chicago, who
sold them and pretended" to make
contributions.
OcUt TFOVtOeu lot.
That was not done to my knowl-
edge" Hays declared.
The reports here show that at about
the time you sent him the bonds he
received number OF $4,000 and SIC. 900
contributions to the campaign fund"
Walsh observed.
The Montanan wanted TO know how.
unless the bonds were sold. the COM
mittee debt could have been reported
as extinguished.
Not extinguished." Hays said. but
provided for"
Walsh read from records of the Con-
tinental d. Commercial National Bank
of Chicago. showing that in December.
1928. upham made a number OF de-
posits Of small sums In that bank.
1T looks a little suspicious doesn't
1.-THE Montanan~ asked. ar
Il would not say so. We were max.
ing drive for funds all over the
| country"
"Mr. Hays. are you stakeholder
In the Continental Baking Co ?" Walsh
asked.
Il am a director" Hays replied.
Were you director when the
proceedings against the Continental be-
fore the Federal Trade Commission
were dismissed7"
mo, sir"
Chairman Nye adverted to The bonds
Hays turned over TO Sinclair, and the
witness said he could furnish the COM
mittee a record Of those securities.
Il think they were "A per cent
bonds. he said, adding that there may
nave been some cash In the $85 900"
Hays was then excused
Before railing Ar Ixayaa thn &..avti
gators inquired about loans made TO the
national committee by William Boyce
Thompson. one-time chairman OF the
Republican party finance committee.
Thompson Unable 10 Appear.
| William Wallace. jr.. Of New York
counsel for Thompson. gave testimony
on this point. He presented a doctors
| certificate that Thompson. who now II
mt Palm Beach. was unable TO appear
| because Of high blood pressure, which In
| 1925 caused stroke OF paralysis.
| Wallace testified that Thompson
loaned the Republican committee $3.50.
600. which subsequently was paid off
| The witness said he took the statement
OF the men In Thompson's ONCE who
handled the affair and checked this
against the national committee records
Th0mpson'S counsel said there wert
two notes. one for $4,000 and thu
other for 100000. The larger contri'
button was made In the name OF II
H. Dodge. an employr OF Thompson
| but the funds came from Thompson,
personal family corporation.
| The FIRST loan was made on October
]. 1920. and the second on October IL
1920. Wallace said. The repayment
we're S per cent on January 81. 1921
10 per cent on April 10, 1921. and tn,
remaining s5 per cent on January Is
1922.
Quit oil Board In 1921.
Going into minute detail OF the re
payments To Thompson and Dodge b,
the Republican national committee
Wallace said Dodges records showet
that as the national committee repais
him he drew checks 10 Thompson
credit In the amounts received from
the political organization.
Wallace disclosed that before the ma
tinnai committee made the f1nai pay
ment Of 4i27,b00 on the two notes
Thompson gave the committee $B0, 00l
which the witness said nnq.lestiOnabl
came from ThOmpson's private funds. a
evidenced by n check made payable 4
James q Blaine, Eastern treasurer o
the Republican national committee.
''Were any Ut the payments In tn
form of Liberty b0nds?" asked Senate
Walsh. Democrat, Montana. the com
mittee prosecutor.
mo, sir" the witness replied
Wallace testified that Thompson wa
director In one Of Bineiatra oil com
panies, but resigned and sold his stoe
In October. 1871
lie also had no transactions will
the Republican national committee ate
January ~, 1924" Wallace said, addinl
also In reply 10 Chairman kye tina
/ Ilau GAan LIeM mi Hmm aianIi lhe f.aa