Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-11
HUSTON REVEALS
WHY He REMAINS
Refused to Be Stampeded by
Partisan Foes, G. O. P.
Chairman Asserts.
Continued From First Page.)

to strike at me-both personally and
politically. Realizing the motive of
these attacks, which, if successful,
would lead to their repetition against
any one who might stand in my place,
I have refused to be Stampeded.
In this brief letter it is impossible
to review all the falsehoods and dis
tortions of fact which have been en-
Quently l shall conf1ne myself to the
chief charges, two in number.
First: That before my election as
chairman I was a lobbyist for a large
corporation seeking legislation by Con-
gress.
Second: That obtained funds for
the use of the Tennessee River Improve
ment Association, with whom I for
merly was associated, and diverted these
funds temporarily to cover shortage
in my brokerage accounts in New York.
Explains River Groups Work.
Both of these charges are absolutely
false.
"As is well know, I served for 16
years as president of the Tennessee
River Improvement Association. which
embraced in its membership chambers
of commerce, commercial bodies and
many leading business and public men
interested in promoting the prosperity
of that section. This organization
sought to increase general industrial
activity through acquisition of the
power development at Muscle Shoals
and elsewhere in the Tennessee Valley
by manufacturing concerns which would
be large employers of labor.
I'VE first interested Henry Ford
but. as is generally known, he finally
withdrew his offer because the matter
was made the subject of long-drawn-
out political contention in Congress.
Acting upon the joint resolution of
Congress inviting new private bids, we
then interested the American Cyanamid
Co., a strong manufacturing concern
devoting its major activities to the pro-
duction of fertilizer The interests Of
the Tennessee River Improvement As
mutual, both seeking the same objective.
1 spent months of my time and thou
sands of dollars of my own money in
trying to promote the industrial welfare
of my section. The burden of carrying
the extensive work Of surveys, supplying
engineering data and the other ex-
penses of the organization fell largely
on my shoulders and, for the past
several years this work has been
close friends.
Reimbursement for Surveys.
"The Union Carbide Co. had a minor
interest in the Muscle Shoals project
and direct interest in power develop
ment along the upper Tennessee River.
My associates and / thought it proper
that this company reimburse the asSo-
citation in part for its expenditures for
, extensive surveys, maps and general
overhead, and accordingly two pay
ments were made to me of $4,000 and
! $l4,l00, respectively, as shown in the
| Senate committee testimony.
80 far, then, as the first charge is
concerned, this is the extent of my
lobbying
1.-THE second charge has to do with
my handling of these funds and their
disposition. The association being pri-
vately financed, had made anticipa-
! tory advances to j. W. WorthinRton,
executive director, of approximately
one-half the amount of the first pay
ment received from the Carbide Co.
| These totaled $3.50 in three checks at
various times and $500 paid him the
day that the first Carbide payment
came in. This and the second pay
ment were handled, as any other OF
! my business transactions were and are,
through my securities account with
MesSrs. Blyth & Bonner of New York
an investment and brokerage house of
the highest standing.
Letter From Brokerage Firm.
1.-THE following letter from Blyth &,
Bonner completely refutes the charge
that the funds so deposited were utilized
to protect margin account:
'Blyth & Bonner, Is Broad street
New York City.
april 8, 1890.
&C. H. Huston, Esq, 1920 goth street
Washington. D. C.
Dear Mr.. Huston: In accordance
with your request and that of Mr.. w
e. Moore, we wish to advise that thu
check for $22, 100000, deposited on Marcf
8, 1929, to the credit of w. e, Moore
account No. $50, in our once, was no
in response to request by us fol
margin or the need for additional funds
YOURS very truly,
(Signed "LYTH g. BONNER.
by CHARLES A. KRICKI,.'"
THE entire $4,000 paid by the Uniol
Carbide Co. was properly disbursed anC
accounted for. All disbursement check.
we're produced by me before the Senat,
lobby committee, and every one of then
bears the Endorsement Of j. w. Worth.
ington. The last check completing tn,
disbursement was dated August 8. 1929