Imperial Valley press., 1933-05-29
WOOD|N MAY
KEEP PLACE
IN CABINET
President Not Yet Decided On
Course To Pursue In Secretary
OF Treasury's Case.
OPPOSITION IN SENATE
Roosevelt Holds Conference
Over Weekend With Aide
Named In Morgan Expose.
By LYLE C. WILSON

Dy LII LIE -, W1LSON
United Press Staff Correspondent
WASHINGTON, May CIVIL
liam H. Woodin is ready to resign
as secretary of the treasury If Pre-
sident Roosevelt feels that his use
fulness is destroyed by favors re-
ceived from ]. P. Morgan & Co., in
1929, it was known today.
In a frank discussion with the
President on weekend yachting
trip, it was learned, Woodin de-
clared his willingness to step out
Immediately if Mr.. Roosevelt de-
sired.
But from the White House came
no indication of Mr.. Roosevelt's
feelings regarding disclosures that
his treasury chief was among the
business and political leaders who
received stocks from the Morgan
bank at bargain prices.
While Woodin's fate remained IN
doubt and senate investigation pre-
pared for new disclosures when the
Morgan inquiry resumes Wednes-
day, these additional developments
were recorded:
Senator Glass, Dem., Va, revealed
he had ben threatened with death
by anonymous parties accusing him
of defending the Morgan company.
Senator Couzens, Repn., Mich,
pressed toward showdown on accu-
sations of irregularities in the rec
ord of Ferdinand Pecora, senate
committe counsel in the Morgan
inquiry.
Rep. Tinkham, Repn., Mass, an
nounced he would ask a congress
sional investigation OF Norman H.
Davis, American ambassador at
large in Europe, another buyer OF
bargain Morgan stocks.
| The White House joined with
Woodin in denying reports that
the treasury secretary already had
submitted his resignation to the
President.
Has Not Resigned
II have not resigned-that's all
can say" Woodin told newspaper
men following his return from the
weekend yachting trip with the
President.
Indications were that Woodin's
decision would be determined by
developments. A casual inquiry
among senators showed that many
believed he would resign sooner or
lacer Democratic and Republican
demands for his official life al
ready have echoed down Pennsyl-
vania avenue.
Senator Glass, who consistently
has objected to Pecoras methods i'll
the Morgan inquiry, told the Uni
ted Press he had received about
half dozen death threats and sew
eral blackguard communications"
Glass assured all comers he would
persist in interrupting Pecora's
questions to uphold the dignity OF
the senate committee"
Pecora is bulls eye for attack
An unidentified member of the
EbUOScfcit ,dQlilllllStI dLlOIl dtlQ I'LL
unidentified correspondent in New
York promised to give Senator Cou-
Zens details of alleged irregulari-
ties in Pecora's record as an assist
ant district attorney in New York.
In that office Pecora was in charge
of investigation and prosecution OF
some of Manhattans most notable
criminal cases. One of them was
the murder of Dot King, Broadway
show girl That mystery never was
solved
Couzens charges a campaign Is
under way to discredit Pecora. The
lawyers friends on the senate bank
Ing and currency committee, which
Is conducting the investigation pri-
yately, assure questioners they in
tend to haul the thing into the
open. They believe in Pecora, and
are convinced publicNt will crum-
pie the case OF his detractors.