Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-06
BILL TO BARE PRESS
OWNERSHIP URGED
Fhipps Starts Move to Dis
close "Real Holders" Of U. S.
Newspaper Properties.
b the Associated Press

Ey the Associated Press
After Postmaster General Brown had
transmitted to the Senate yesterday
amended statements Of ownership Of
IS newspapers mentioned in TESTIMONY
in the Federal Trade Commissions in
vestigation Of financial holdings in
newspapers by power companies bill
to provide for disclosure OF the real
ownership Of newspapers was intro
duced by Chairman Phipps Of the Sem
ate post office committee.
The bill Of Senator Phipps would
amend the present law so that in addi-
ton to the names Of stockholders, bond,
holders or other security holders. the
Post Office Department may require
such information about the newspaper
ownership as it may desire.
Alabamans Are Summoned.
The Federal Trade Commission mean
while announced the Sunroning OF the
three witnesses, Joseph F. McGcVln,
Mobile Ala, financier: Victor H. Han
son, proprietor and publisher of the
Birmingham Ala News and the Age
Herald, and f. B. Chandler, publisher
OF the Mobile Press, TO appear before
it June IA in connection with its in
curry into power companies financing
of Alabama newspapers.
The commission also has called Ira c..
Copley, California and Illinois news
paper publisher TO appear before It
June IS This was done at his own
request after charges Of his owner
ship CT public utilities securities had
been made by Senator Norris, Repuo-
lican. Of Nebraska. Copley denied the
assertions.
The original post Office statements of
ownership. sent to the Senate several
weeks ago, showed that only Of the
10 newspapers cited the International
Faper & Power Co, or its subsidiaries,
IS holding a financial interest in them.
a third said A. r. Graustein, president
Of the International had an interest in
It. The remaining 10. all of which had
been mentioned in the Trade Commits
sions investigation, mentioned no
financial interest in them BY the In
ternationA q its subsidiaries.
Both the original and the amended
statements we're as Of the date OF
April l.
New York Papers Statements.
In its amended statement, the Brook
lvn. N. Y. Eagle said the Piedmont
Press Association Inc, subsidiary OF
the International, had a financial inter-
est in il. The Knickerbocker Press
and the Evening News, both published
in Albany, N " also cited that the
Piedmont Press Association, Inc, owned
more than l per cent OF their STOCK
Frank z. Gannett Of Rochester. ". ",
publisher of the three newspapers,
however, since the transmission OF the
amended statements has paid back TO
the international the entire financial
holdings of that concern in the three
newspapers,
BRYAN ThomaSon Newspapers, Inc, the
Chicago Journal, the Tampa, Fla,
Tribune and the Greensboro, N. U
Record, in their amended statements 10
the Post once Department said de-
hentures and preferred stock in that
CORPORATION were held by william A. S.
Nfullisan Of Chicago as agent or at
torney for the International Paper Co:
As in their original statement OF
ownership, the Spartanburg, s. e,
Herald and the Journal said In their
amended statements their stock was
owned by the Herald-Journal Co.
Lavarre Repeats Statement.
Harold Hall and William Lavarre,
publishers Of the Augusta, Ca,
Chronicle and the Columbia, s. C.,
Record. reiterated In their amended
statements that they were the sole
owners, but explained that loans made
to them by the International. as dis
closed in their testimony before the
Federal Trade Commission, were dated
after April /.
Hall and LaVarre also TESTIFIED they
owned the two Spartanhurg newspapers.
The two newspapers which listed hold
ings CT the International or its sub
salaries in their original statements
we're the Boston Herald and the
Traveller. The Chicago Daily News in
its original statement named Graustein
as the holder of some Of its stock.