Evening star., 1948-01-09
| to the use Of the names Of relatives
attorneys and others.

10 Lue use o1 Inc uAIuSS O1 1clAtlFcc
attorneys and others.
He said the administration has
"beclouded" the issue by publishing
lists of small traders and by casting
doubts on the favorable role
played by the commodity market ir
American economic life.
But when administration insid.
ers are plunging in the market" II
goes far beyond normal market op.
erations, he declared.
He said that when word gets Out
that administration insiders" plunge
in the market. others who heal
about it rush in to buy.
Movie Cameras WhirI.
AS movie cameras whirled ano
Kleig lights flooded the crowded
committee ROOM, Mr.. Stassen pre-
sented a series of charts on the
commodity markets.
He told the committee, 1--WE must
level off in food prices. The No. !
duty of the national administration
is to level off and hold down food
prices"
But, he added, it is inconceivable
that the administration can do this
while some of its members are
making profit in the commodity
markets.
Mr.. Stassen said he felt no Gov
ernment official should be in the
market.
He charged that President Tru-
man does not intend to enforce Mr..
Roosevelt's ruling that no Govern
ment employe should participate in
the stock or commodity markets "for
speculative activity"
Therefore, Mr.. Stassen said, leg
islation is needed.
Agrees With Roosevelt Policy.
Mr.. Stassen said he agreed with
President Roosevelt's policy but dis
agreed with President Truman's ac-
tivity.
He said Mr.. Truman had indi-
Gated that he did not disapprove
of the activity of those who 'have
been proved" to have been specu-
lating.
Mr. Pauley would have been dis
charged the day he was sworn i'm
if the Roosevelt policy had been en-
forced, Mr.. Stassen asserted.
Mr.. Stassen said he obtained his
information on the speculation ac-
tiyities from Government employees
who were concerned over the situa-
ton and "in loyalty, exposed the
situation"
He would not disclose the names
of his informants or hold them up
for appreciation" as suggested by
Senator Green, Democrat, of Rhode
Island.
1T would not be public service"
to name them now, he said.
Presses for Answer.
Senator Green pressed for a "yes"
or mo" answer whether he would
ever disclose the names of his in
formants.
Senator Knowland broke in to say
the informants, if not disclosed,
might aid in disclosing names of
other insiders"
The small Government employees
in the market should not be there.
he said, but added he did not want
to criticize them.
Spectators have been "traficking
in the suffering of the people COM
pounded by excessively high prices" "
he said in reply to a question by
Senator Dworsak, Republican, of
Idaho.
Mr.. Stassen charged Mr.. Pauley
was speculating while travelling
abroad (as American reparations
commissioner in Europe and the Far
East.
Believes Order Was CabIed.
On July II, 1945, for example, Mr..
stas~c'; said Mr.. Pauley bought So
900 bushels of May oats futures.
When Mr.. Pauley sold, he made
about $500 profit on the deal, Mr..
,Stassen says. lT
That purchase must have been
cabled in from some place in Eur
'ope," he said, land ought to be spe-
officially investigated ~
Senator Ferguson asked If Mr..
Stassen had found any relation be
tween the operations of Mr.. Pauley
and Mr.. Davies
Mr.. Stassen did not say so direct
ly< but suggested the committee
check to see who bought or sold
at the same time Mr.. Pauley did.
Mr.. Stassen said of Mr.. Pauley:
You will find him moving in
and out of the market, with a profit
of million dollars since the war.
with never loss. Any impartial
citizen will conclude that the pat
tern is more than coincidental. No
one could have that good a crystal
ball.
Senator Ferguson handed him a
large document which the chairman
said was an account of Mr.. Pauley's S
l~+V:: H., ',~A