Evening star., 1933-05-25

he did not know whether he was treas
urer at the time.
"The difference was that he was Of
fered 5000 instead Of 2,000," Senator
Byrnes commented.
Will Rogers at that point left the
role Of spectator long enough to in
terject loud enough for committee
members to hear:
TOO bad there wasn't chairman of
the Progressives."
Hope They Made Profit.
II never heard Of anybody so altru-
istic." Couzens commented.
1T was not a question Of altruism," +"
Whitney rejoined.
You hoped past pleasant relations
would continue by giving these men q
profit?" Couzens asked.
II wouldn't want to say we tried to
make them unfriendly," Whitney said.
Perhaps my first answer was too
strcng. We wanted to continue our
relationship. That list shows that many
were Just personal friends. Whether 1t
made them more friendly or less
friendly-well, hope they all made a
Pecora asked who suggested Raskob
for the list.
L think l dld, Wnltney SAID.
Ibid you write to him about partici-
pating?" Pecora asked.
MY recollection is that telephoned."
did you receive an acceptance?"
IT did,
Pecora then read what was identi-
fed as q copy of Raskob's letter to
Whitney. 1t was dated February 4.
1929, at Palm Beach, Fla, and began:
Dear George"
The letter expressed many thanks"
to Whitney for his trouble" in kindly
remembering me-" 1t said a check for
$4,000 was inclosed and that Raskob
accepted "the many opportunities
offered to me by you and your
partners"
Pecora went down the list naming c.
N. Bliss as former treasurer Of the
Republican National Campaign Com
mittee." and Charles D. Hilles, New
York Republican leader
Whose friend was Hilles?"
"All the older partners" the witness
answered. particularly Dwight Nor
row."
Il find Charles Francis Adams on
this list" Pecora commented.
YES" Whitney nodded.
Byrnes asked about Charles A. Lind
bergh's participation in stock purchases.
Whitney said he was introduced by
Dwight w. Morrow, later his father
in-law.
1--WE have advised him on his af-
fairs since" Whitney said.
Objects to Political Links.
One of the next names Pecora asked
about was Michael G. Herbert, and
Whitney identified him as the son of
the former Ambassador from Great
Britain.
Senator Goldsborough, Republican of
Maryland, objected once to linking
names on the list to political parties.
I'VE are not engaged in political
vaudeville" Goldsborough said from his
place next to Fletcher.
"I am one who would like to find
out whether j. P. Morgan and Co. Is
tied up with political parties" Couzens
said.
After identifying Silas Strawn as .
former head Of the Chamber Of Com
merce Of the United States, Pecora
asked Whitney II he knew the Chamber
recently had opposed the securities
regulation bill.
II didn't know It," Whitney said.
In the testimony as to issuance Of
securities by the Morgan firm, Whitney
| declared that "of the issues now in
default, namely bonds Of the Florida
East Coast Railway, and Of the Mobile
and Ohio Railroad, and Of the Mis-
souri, Pacific, we ourselves purchased
and still hold bonds Of those issues Or
Of issues junior TO them on which our
aggregate lossesnbased upon the dt6eg-
ence between S3r purchase price and
] the present mAzlet yalue. ase Gxeatly