Evening star., 1934-04-29
COUGHL|N LEAGUE
BUYS MUCH SILVER
But Priest, Denying He
Owns Any Personally,
Attacks Morgenthau.
By the Associated Press.

By the Associated Press.
DETROIT, April 28.-Amy Collins,
secretary-treasurer Of the Radio
League of the Little Flower, which has
sponsored weekly addresses by Rev.
Father Charles E. Coughlin, in copy
righted statement today, disclosed
that an investment in 100000 ounces
of silver listed in her name, was an
investment for the league.
The holdings had been listed, in a
statement made by Secretary Morgen-
thau of the Treasury, in the name of
"A. Collins, Royal Oak. Mich"
Text Of Statement.
The statement by Miss Collins is
as follows:
1T is stale news to the American
public that the Radio League of the
Little Flower invests in commodities.
AS for this corporation no Treasury
investigation is necessary.
approximately five months ago
to be precise, on December II. 1888
Father Coughlin publicly announced
over national radio hook-up the
following statement which was heard
by many millions of people.
When at certain times contribu-
tions to the Radio League of the Little
Fower surpass the current expendi-
lures the surplus is temporarily in
vested where it will be safest.
While I raise my voice against
gambling and speculation the Radio
League shall continue to be its own
financial agent and invest this sur
plus league money safely in American
commodities and securities.
Our President has given his Of
fetal promise that he will raise the
prices of American goods to the 1926
levels. This I will do one way or
another but do it I WILL says Mr..
Roosevelt.
THAT he will accomplish this is
morally certain.
MY official duty as treasurer of
the Radio League OF the Little Flower
is to receive all monies, to safeguard
them, to make all expenditures.
Neither Father Coughlin nor any other
officer except myself in the Radio
League of the Little Flower Is di-
ANNev ASoPoAioibAS AOA thC hoANA2Ai6 B
OF its finances.
Bought SOC, 1000 Ounces.
Therefore. following the policy as
pronounced by Father Coughlin and
believing implicitly In Mr.. Roosevelt S
oft-repeated statement, invested in
the Presidents word In purchasing 20
contracts or 100000 ounces of silver
with an investment of $40 900 through
the firm of Harriss & Vose. New York
There is no secret about our finan-
cial activities. Approximately $4,000
week must be expended on broad
casting. During the past year there
was an additional expenditure of
nearly $4,000 a week on building the
new shrine. The investment in Mr.
Roosevelt's word and in these 20 con-
tracts of silver does not represent
enough to meet one weeks expenses.
But as long as it is the policy of
the Radio League of the Little Flower
to place its surplus funds temporarily
in prime commodities and investments
shall continue to do in the future as
have In the past"
In a separate statement issued by
Father Coughlih. the priest said, i
have not one ounce of silver In my
name or any one eise's name Father
Coughlin assailed Henry Morgenthau
jr., for the silver investigation.
Father Coughlin's statement said
in part:
"Mr. Henry Morgenthau, jr., the
Secretary of the Treasury, has COM
pleted his clumsy effort to protect
the gold advocates, the Federal re-
serve bankers and the international
bankers of ill-repute.
1T terminated in nothing more
than a disastrous raid on the prices
of cotton, wheat, silver and other
commodities. Wheat declined IL cents
a bushel, cotton dropped 125 points
and confidence in the Presidents re-
covery program was dimmed.
This silver investigation smells to
high heaven. insofar as it is dead
herring smeared across the path of
monetary reform. 1t definitely places
Mr.. Morgenthau on the side of the
international gold bankers. to whom
the word silver is anathema
Expects Opposition.
1T was expected of Mr.. Morgen-
thau and will still be expected of him
to prevent any silver legislation for
the ultimate benefit of the ! 900 ,000,-
900 Orientals, who from time imme-
mortal have identified their trade and
commerce with Gentle silver and es-
pecially for the benefit of the Ameri-
can people who today are in bondage
to the gold controllers.
IF he were sagacious, to say the
least, he would have investigated the
holders of approximately 20 billion
dollars of bloody liberty bonds.
If he were aStute, he would have
investigated the profiteers in the gold
transactions. The American public
knows that through our process of
revaluation we simply multiplied by
billions of dollars the gold in the
hands of the internationalists - the
European Warburgs, the Rothschilds
and the rest of that group-who are
the notorious financial Dfllingers of
world control and mternatiOnaliSm.
Personally have not one ounce
OF silver in my name or any one
else's name. This is my misfortune.
I congratulate the citizens of the
United States who have invested in
silver, because they manifested their
faith in President Roosevelt, who,
time after time, both in public and
in private, has stated that he would
raise the price level of commodities
to the 1925 standard. Silver at that
date was valued at approximately "a
cents an ounce Today it is not much