Evening star., 1948-01-20
PouIey
Continued From First Pageo

and is scheduled to appear again
Friday along with Harold E.
StaSsen, candidate for the Repub-
liz presidential nomination, whose
charge that administration 'in-
siders" have profiteered by using Of
fetal information for personal profit
set of the congressional investiga-
ton.
May Check Relatives Trading
In releasing the data at. a news
conference, Senator Ferguson said
he was mot passing on the question
of what conflicts there are, If any
between the information made pub
lie today and Mr.. Pauley's testi-
mony before the committee last
December. He said Mr.. Pauley was
being called on, Friday to give him
IAN opportunity to explain his pre-
vious testimony and the letter.
made public today. The Senator
would not comment on any Of the
figures In Mr.. Pauley's accounts.
Senator Ferguson said the COM
mittee expects to call some of Mr.,
Pauley's employees ito give their
version" of the transactions. He in
dicated that committee members
probably will 60 into detail on not
only Mr.. Pauley's personal trans
actions, but those ascribed to sew
eral Of his relatives.
Senator Ferguson added that
Mr.. Stassen had been allowed to
look at committee records Of only
one sale which he had inquired
about and which was shown in The
Pauley records for August, 1947.
The Senator said that Mr.. Stassen
did not see the total of Mr.. Pauley' S
profits prior to the time that he
testified they were approximately
81, 900 600"
Recalls Denial Under Oath.
Mr.. Pauley's letter recalled that
he denied under oath last December
II that he had ever used any off,
cial information. He added:
Despite this, the propriety of my
conduct has been held up to ques-
ton throughout the country, by in
ference and innuendo.
mo, denials by me cannot un-
write headlines or unspeak radio
comments. Therefore, in simple
justice-which I am certain is your
committees goal-I respectfully re-
quest that your committee make a
definite finding as to the question
"Did or did not Edwin w. Pauley
use his Government position-or in
formation obtained by virtue OF that
position-to profit on the commodity
markets."
The detailed record of Mr.. Pauley' 8
transactions showed that he made
16 commodity purchases after taking
the Army post, but he defended
most OF them as technical market
transactions incident to the avoid
ance Of loss in program Of orderly
liquidation"
Purchases rs Late "a December rs.
The purchases were made as late
as December rs and Mr.. Pauley said
he had completely liquidated my
long commodity position" except for
SC, 900 bushels Of wheat which he
has already testified publicly he
bought as a bonus, for his employees.
/ He added that he Is still short II
contracts of hides, in process Of
liquidation" A long position is one
held in anticipation Of price rise,
while q short counts on a price drop.
Mr.. Pauley went into detail in mis-
letter to explain his purchases of
SOC, 900 pounds Of lard on September
4, 1947, after Secretary Of Agricul-
ture Anderson had been his guest
in Hawaii and six days before the
Agriculture Department increased
lard export allocations with re-
sulting large price rise.
He said that during the summer
he had suggested that his Office in
Los Angeles study the fats and
greases situation and that as are
suit my office bought cottonseed
oil on August rs and lard on Sep
tember 4-on my previous general
policy suggestions and as part OF
Q plan to own fats"
He said the office "had developed
the fact that lard was costing meat
packers nearly 10 cents a pound
more on the hoof-that. is, in live
hogs-than it was currently selling
for as lard. They did not think
this situation could continue very
long. I think you will now find
that this judgment was vindicated,
because the price Of lard and the
price of hogs have subsequently
come together, and by lard going
UP, not hogs coming down."
! Mr.. Pauley's account showed that