Evening star. [volume] (Washington, D.C.) 1854-1972, 1951-07-28
Of Boyle.
Merle Young Urged
About RFC Loan
CONTINUED From First Page.)


was finished when RFC under
went partial reorganization and
Mr.. Symington launched several
investigations of his own. Sena-
tor Fulbright and other Demo-
cratic members did not call Mr..
Boyle as a witness at the earlier
hearings. despite repeated re-
quests by Senator Capehart and
his Republican colleagues on the
subcommittee.
The subcommittee plans to is
sue it's final report, perhaps late
next week. The report. from
which Senators Capehart and
Bricker, Republican, of Ohio said
they would dissent in part, was
to have come out next Monday.
It will be delayed because several
of the subcommittee members
have not had time to study the
complete draft.
Mr.. Boyle and Mr.. Young were
mentioned this week in connec-
ton with an RFC loan of $685., 900
i to the American Lithofold Co. of
st. Louis in 1949. Mr.. Boyle
acknowledged several days ago
that he once represented the COM
pany but declared his work was
Gin legal matters not connected
with the company's application
for an RFC loan"
Il Ex-Tax Collector Named.
The st. Louis PoSt-DiSpatch
declared that Mr.. Boyle was paid
about $4,000 for helping to engi-
Ineer the loan application which
had been rejected three times
The paper also said that James
P. Finnegan, former internal rev.
Ienue collector at st. Louis, helped
promote the loan.
The name of Mr.. Young, a
prominent figure in the Fulbright
subcommittee hearings, came
into the picture yesterday.
The Senate was told by Sena-
tor Williams, Republican. of Della
ware that Mr.. Young telephoned
10. r. Croft, assistant manager OF
, the St. Louis RFC manager IN
: 1948, and expressed interest in the
, Lothofold company's loan applica-
ton Senator Williams quoted Mr.
Young as having informed Mr.
8 Croft that "the Democratic Ma
tional Committee was very much
interested in the loan and urged
that something be done about it"
James Allen. RFC press officer
and special assistant to Mr.. Sym
ngton, said yesterday that the
agency has a memo showing that
Charles G. Alexander, then st.
Louis RFC manager, reported a
telephone call on December 9, 1948,
|, from Mr.. Young concerning that
loan application.
Mr.. Young, former RFC ex-
!, aminer, was linked with several
other loan applications discussed
at the Fulbright subcommittee
hearings. He and his wife, Mrs.
Lauretta Young, then a White
House stenographer. received an
. $3.50 mink coat paid for by a
Washington attorney who once
represented a New York furrier
5 who had obtained an RFC loan.
Mr.. Young testified that the at
torney's payment for the coat was
: in the form of loan to him.
Although the Lithofold COM
pany loan from RFC was not in
vestigated by the Fulbright SUBJ
: committee, the names of Mr.
! Boyle and Mr.. Finnegan as well
= as Mr.. Young were mentioned to-
} gether several times in other con-
: nections. Mr.. Boyle issued a state
, Iment declaring he never sought
to influence RFC. A Federal
t grand jury in st. Louis is investi-
, eating Mr.. Finnigan's conduct in
f the Office from which he resigned
, several months ago.
, Mr.. Young could not be reached
for comment today. The home
and business telephones listed for
him have been disconnected.