Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-21
HUSTON ASSOCIATE
BARES STOCK DEAL
Moore Says G. O. p. Leader
Directed Use of Checks
From Carbide Firm.
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association was in debt and needed
support"
Il decided to send the money to Mr..
Moore" he said. MIR. Huston had told
me if we did decide to give the money
to send it to Mr.. Moore, and that was
done"
Huston told me the association was
in debt and needed money" Haggerson
continued. 81 believe he told me the as
ISOLATION owed him money and that 1t
was impossible to raise any more money
in the Tennessee Valley"
Blaine Recalls Testimony.
Senator Blaine, Republican, Wiscon-
sin, said, while Moore was on the stand,
that the records produced for the COM
that when the $22 600 deposit was made
there was deficit in Hustons account
of $4,000.
Moore, questioned about this, said
this indebtedness was for margin on
stocks, but denied that he was directed
to make up the balance .overdrawn.
Moore, after testifying that on oc-
casions he was given instructions by
Huston as to the purchase of stocks,
added that he received two checks, one
for $4,000 and the other for S14.100,
from a messenger, who said they were
from the Republican chairman.
The witness added that he did not
know the messenger and did not know
where the money came from. He was
questioned sharply about this, but re-
piled that he would take money without
question If informed that 1t came from
Huston.
The Republican chairman, who was
on the witness stand for four days, de-
clared that he deposited the $50, 100 with
a brokerage firm because he wished to
use it as an emergency account" He
also emphatically asserted that he, had
given $50, 100 to j. w. Worthington, ex-
ecutive chairman of the Tennessee River
Improvement Association.
Reports that Huston would resign his
post as Republican chairman have per-
sisted since his questioning by the lobby
committee began. He, however, has de-
MED these.
HaggersOn Testimony Contradictory.
Testimony given by Haggerson about
the money given Huston conflicted with
the latter's version of the circumstances
surrounding the contributions.
Haggerson said his recollection was
that the two contributions were not
agreed uDOu dL one GlIlG.
The Republican chairman had testi-
fed the 500 100 was agreed upon orig
inally and that after the $4,000 was
paid the next check automatically be-
came S14,100.
The president of the Carbide COM
pany said that Huston came to him
and said he Needed $22 900 "at once"
to meet the obligations Of his associa-
ton. Haggerson added that Huston did
Alt l. H. wayfe lHA
made out to w. E. Moore.
Haggersop continued that he gave the
$22, 100 and that Huston later asked for
S14. 100, which he also gave.
Haggerson said Huston told him he
had to have $4,000 Eat once to meet
obligations of the association"
did he tell you why he wanted the
check made out to Moore?" Senator
Black, Democrat, Alabama, asked.
mo-" Haggerson said.
Did he tell you II he couldn't get
the money the associations ONCE would
cloee?" Caraway asked.
He did," Haggerson replied.
Later, he said Huston asked for the
$14,100 more and said he needed 1t at
once.
Haggerson said his company had en-
ployed r. F. Bower of Pennsylvania
and o. M. Kile, washington publicity
man. to advocate the cyanamid bid.
The witness said Huston believed that
the special session of Congress would
pass Muscle Shoals legislation and that
the Tennessee association then would
pass out of existence.
did you have the authority to give
Huston money for this purpose7" Cara
way asked.
eyes, sir" Haggerson said.
you could give away every cent
you've. got, them"
II don't think I'd go that far" Has-
gerson said.
How much could you give?"
II don't know. I've never tried It,"
he said.
Says Funds Used for Stocks.
Questioned In regard to two checks
given Huston by the Union Carbide Co.
for the Tennessee River Improvement
Association and deposited with the bro
kerage firm Of Blyth g. Bonner, Moore
said funds had been used in buying
and trading stocks.
you bought and sold as you saw
f1t?" Senator Walsh, Democrat, Of Mon
tana, asked.
Sometimes I did, and sometimes
did it at his direction" Moore said.
The Union Carbide Co., Huston has
testified. gave him $36,100 for some
maps and charts prepared by the Ten
nessee association, Of which Huston Is
the proposal Of the American Cyanamid
Co. to lease Muscle Shoals.
Moore said he received two checks,
one for $4,000 and the other for $14,100,
va messenger, who told him they were
from Huston.
Who was the mann" Chairman Car
away asked.
81 don't know" Moore replied.
The witness said he deposited the
maintained by Huston at the latter's
direction.
ut was trading account" he added.
connt?"
"To buy and sell stocks" Moore said.
Who did the buying and selling?"
II did"
why didn't you put It in bankp"
Huston said to put it in his account"
Later, he said, he received the chec4
for $4,000 and deposited 1t in a sep
arate account and 1t also was used for
buying stocks on which profit Of more
than $500 was made.
did you buy these stocks on your
Judgment or did Mr. Huston tell YOU to
buy them?" Walsh asked.
II bought them on my own judg-
ment," Moore replied.
Producing records of the transactions.
Walsh said stock of Loose Wiles. Kelvj.
nator and National Cash Register com.
panies worth $46,752 had been pir.
chased with the $14,1o0 put I'D as
margin.
Confidential Man.
Moore described himself as the icon.
fidential man" for Huston, and said be
had been associated with him for about
20 years.
While he was questioned about the
transactions, Moore said.
Ss,as f,1ok V,,n,.n,, A.. .