Evening star., 1933-05-30
Committee Plans to Answer
First Glass Objections
to Probe.
WILL POINT DETECTIVES
OF COUNSEL'S QUESTIONS
Internal Revenue Bureau Scanning
Closely Testimony on Tax
Returns of Partners.
BY the Associated Press.

BY the Associated Press.
Ferdinand Pecora will resume ques-
tioning of j. P. Morgan and his part
ners tomorrow. with a majority of the
Senate Investigating Committee deter
mined to back him as far as he
wants to go.
Preparing for continuance of the in
vestigation into Morgan's world famous
private bank, the Senators sought to-
day to settle the objections of Senator
way the revealing inquiry has been con-
Quoted by Pecora, the committee coun-
sci and chief questioner.
Glass has charged employment Of
circus methods. He says he has no
desire to stop the investigation, but
wants to know where it is heading.
In expectation that he would bring
this up at today's business session of
the committee, most members had
reached an understanding that they
would have Glass informed of Pecora's
objective in the questioning, which
sometimes take long while to reach
its real target.
HccOTd COmlng BACK.
Pecora himself was heading back
from New York today, after announc-
ing he would not let attacks which have
been made on his character divert him
from the investigation. One such at
tack brought to the committee from
outside was dismissed by Senator
Couzens. Republican, of Michigan, as
part of subtle campaign" to discredit
the aggressive questioner.
1t developed, meanwhile, that the
internal Revenue Bureau Is scanning
closely the testimony given on income
tax statements filed by the 20 Nor
gan partners. The long-hidden part
nership agreement of the firm, now in
the hands OF the committee, was being
examined on the possibility that It
might have an important bearing on
the tax situation.
Morgan officials testified last week
that they paid total of $4,000 in
come taxes since 1929. All was paid
In 1880. and none In the two follow
ing years when their returns showed
all taxable income Cancelled by losses
deductsble under the law.
Another List Expected.
Pecora is expected to resume the
AiHdAy COAIOklOW Uy pTeSGULlIlR an
other OF the 'favored-client'' lists which
have caused such reverberations in
Washington
Several more such lists, of promi-
nent folk invited to buy stock from the
Morgan firm at bargain prices, are in
the counsels hands and will be offered
before the investigation is completed.
Rumors and reports of names that
will be on these have created wide
spread speculation. One rumor at the
Capitol today was that another Sena-
tor would be found on one of the lists,
and that many more prominent per-
sons not yet named will appear. But
most of the names on the forthcom-
ing lists, comittee officials say, are
duplicates of those already published.
The special client lists were called to
the attention Of the Senate yesterday
by Senator La Toilette, Republican, of
Wisconsin. He said members of the New
York Chamber of Commerce had re-
ceived total "gratuities" from the Nor
gan firm, according to the two lists al
ready published, of more than S5,000,-
600.
Expenses for Inquiry.
A question for the committee to de-
eide today was how much more money
VIII be needed to carry the inquiry
through. The Senate recently voted an
additional $4,000. but Pecora recon-
mended $4,000.
Up to May 2, the inquiry, which
started last year as TN investigation of
the stock market. had cost S89, ,686. At
that time $4,000 was still on hand,
making the total appropriated so far
about $4,000.
Members of the Senate Committee
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