The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
VAST RICHES OF
LIBERTY LEAGUE
HACKERS Barred
Corporations in Control
Boast Assets Topping
81 Billions.

fC0nvriErf. i975 nv United Preesl
WASHINGTON. Jan. 9.-The
American Liberty League. a non
partisan society created to oppose
radical" movements in the National
Government. was shown today 10 be
under control Of group represent
ing industrial and financial organ
izstions possessing assets Of more
than $4,000 600. 900.
a United Press survey OF the
league new executive committee
and advisory council disclosed q
close connection between members
and some If the nations greatest
business enterprises.
League directors we're shown 10
have affiliations with such organ
izstions as the United States Steel
Corp General Motors. Standard
Oil Co, Chase National Bank. Good
year Tire and Rubber Co.. Westing-
house Electric and Manufacturing
Co, Baltimore & Ohio Railroad. the
Mutual Life Insurance Co., and
scores of others.
A study Of corporation and hnan-
Cisl statistics showed that Of the 20
men and women who Will cOnsti-
tute the leagues executive commit
tee. Is are officers or directors of
orga MIA tons with assets of more
than $4,000, 600 600.
on the executive committee are
Alfred Z. Smith, former presidential
candidate and Governor of New
York; Irenee du Pont. head of the
huge Delaware powder concern;
John w. DAVIS. former Democratic
presidential nominee. and A. A.
Sprague. Chicago industrialist.
Corporation Wealth Listed
Some Of the corporations Of which
committeeman are directors and
their total assets:
American Telephone and Telegraph
Co. S3O7S.568. 666: General Motors
Corp. sl183.674OO5: Armour & Co,
S356.179 $50 u. s. Steel Corp,
s2.1O2, 896. $50; Mutual Life InSur-
snce Co. of New York, 81 .l31 ,O89 .85S;
z. l. du Pont de Nemours & Co,
S6O5 631 .064; Chicago e. Northwest
ern Railroad, 1857. ISL $40.
The league named l56 men and
women as members Of its advisory
council. Included were men who are
serving as directors of a variety of
organizations. including banks. rail-
roads. investment houses. public
utilities and manufacturing con-
Germs.
Assets of some Of the institutions
represented by council members:
United Light and Power Co. S572.-
658684; Illinois Bell Telephone Co.,
1926, 153,423; Shell Union Oil Co.
s657 SOC 1898; Socony- Vacuum Oil
Co, S99O.06l .283: Central Hanover
Bank of New York, S696.913. 634;
First National Bank of Chicago.
S643.114,7 67: Baltimore & Ohio Rail-
road. 81 .220.633. 3l4; Bethlehem Steel
Corp, s649 ,386.274: the Pullman Co..
s276, sos. 754: Great Northern Rail-
way, s851 .424 76S: Chicago. Bur
lngton & Quincy Railroad, $780,
464,O26.
Du FONT on Council
Missouri Pacific Railroad. 1864
947 $50; Anaconda Copper Mining
Co.. $685.. 43O.089: Erie Railroad.
S625. sos ,049: Public Service Corp. of
New Jersey. s345.624377: Bankers
Trust Co. of New York. S737 POP 400;
United Gas Improvement Co, S345.-
460. 44O: American Can Co. S2O3.-
OO4. $50: New York. Chicago & ST.
Louis Railroad. S3O9 .951. 1873: Good
year Tire and Rubber Co. S199.7 1885,
sos; Phelps Dodge Corp. s345.-
2444S: and the New York Trust
Co. S31O4S2. 263.
Among prominent members of
the council were Pierre S. du Point.
Edward F. Hutton. Henry B. JOY.
Alvan MscAuley, Grayson NJ P
Murphy. John j. RaskOb. Elihu
Root. Alfred P. Sloan Jr.. E. T.
Weir, Joseph f. Widener, and Hal
z. Roach.
Many on the leagues staff were
listed as officers or directors of
dozen or more banks and industrial
concerns.