oc-plain-dealer 1924-02-15
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LIONS WILL GIVE
PARK FOUNTAIN
The Lions' club luncheon was given over today to important business and the hearing of reports from standing committees.
The park committee reported progress and showed an approved sketch of the beautiful fountain designed by M. Eugene Durfee. A reproduction of the drawing was presented the public shortly.
The Charity Committee recommended subscribing to the Milk Fund for the benefit of under-nourished school children.
The Boy Scout Committee had a very interesting and rather long report. A report on the fund campaign also was made.
The Boys' Work Committee reported placing the young orphan, Elmer Goforth in the McKinley Home for Boys. Arrangement to properly clothe the boy were also made.
Young Goforth is an orphan 15 years old. He was induced by neighbors in Tennessee to come to California and make his own way. He does not read or write, but is a very alert, apt young chap and was found very deserving of the kindness shown him by the Lions' club.
Lion "Les" Wilson, the "small boy," song and pop leader of the club, told of stunt plans for the big social affair to be given by the Business and Professional Women's club, Kiwanis, Rotary and Lions.
VANDERLIP CONFESSES
INSINUATIONS ONLY RUMOR
(Continued From Page 1)
would be slander on the late president?
"I thot it my duty to broadcast these rumors."
"Do you think you should assist in spreading these rumors?"
"I hoped it would do just what it has done—broadcast these rumors to wide public circulation.
There are rumors current, that are making reds" faster than any Soviet propaganda. I've had much experience with gossip and rumors, and I've learned to draw a distinction between gossip and rumors."
"Do you mean to say you got those rumors from responsible sources?"
"I have never heard anyone discuss the rumors who proposed to know the facts about them. I wanted to clear the memory of the late president."
Regarding his statement that Fall was let go because there was fear he would "peach" Vanderlip said:
"That was my own personal interference."
"Did you know this committee was advised by counsel that he might be given immunity if he testified under duress?"
"I had heard that."
"Did you give voice to idle rumor after what the committee did Fall's case?"
"Did you know counsel had advised he couldn't be forced to testify?"
"Have you ever heard of a case where a man was forced to testify under duress when he claimed immunity?"
"That was my lie."
"You think it was ence to draw?" denied root, pounding the you knew that Fall to testify on advice.
"I didn't know fused to testify." then charged this committee with duty without asking or consulting the cog.
"If you tell me legal advice, I'll say you did not go on—other way to go ab." other way to go ab.
"Would you make that sort without in self of the facts?" then asked.
"I was only referral?" said Vanderlip.
"Could you now committee had not duly in its conduct Fall?"
"If you tell me that has no power to go questioning of M grounds that he might himself. I would say ple reason for not o less you have some make him testify," then lip.
"By granting Fall munity?" asked Vanderlip.
"No, by passing make him testify," then lip.
"You suggest passage violating the co. You do it some t Vanderlip, and I be done."
"You believe you your patriotic duty statement that has no truth in it?" asked Vanderlip.
"I was merely star rumors," replied Van.
"You weren't about your statements."
"I am very careful statements. I was and learned to be c."
There is no way ate to force a man he claims constitut it." said Lenroot.
In that case I think per that you did not.
"You said you wa the name of the lat but what about the..."
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"That was my impression."
"You think it was a fair inference to draw?" demanded Lenroot, pounding the table, "when you knew that Fall had declined to testify on advice of counsel?"
"I didn't know Fall had refused to testify," the witness said.
"You charged the senate and this committee with dereliction of duty without asking legal advice or consulting the committee?"
"If you tell me you had the legal advice, I'll say it was right you did not go on—if you had no other way to go about it."
"Would you make a speech of that sort without informing yourself of the facts?" Lenroot asked.
"I was only referring to rumors?" said Vanderlip.
"Could you now say, that the committee had not done its full duty in its conduct toward Mr. Fall?"
"If you tell me the committee has no power to go on with its questioning of Mr. Fall on grounds that he might incriminate himself, I would say that was ample reason for not continuing unless you have some other way to make him testify," said Vanderlip.
"By granting Fall complete immunity?" asked Lenroot.
"No, by passing legislation to make him testify," said Vanderlip.
"You suggest passing legislation violating the constitution?"
"You do it some times," replied Vanderlip, "and I think it could be done."
"You believe you were doing your patriotic duty by making a statement that has not an lota of truth in it?" asked Lenroot.
"I was merely stating certain rumors," replied Vanderlip again.
"You weren't very careful about your statement, were you?"
"I am very careful about my statements, I was a journalist and learned to be careful."
"There is no way for the senate to force a man to testify if he claims constitutional immunity," said Lenroot.
"在that case I think it was proper that you did not go on."
"You said you wanted to clear the name of the late president, but what about the committee?"
LEGAL COURT IN "LOVE NEST" CASE
If a man and a woman who, it is said, love not wisely but too well, yet love wisely enough that the neighbors remain ignorant of smashed conventions, what can the law do about it?
That question was scheduled to be asked tomorrow as G. E. Brookins, Ansheim business man, and Mrs. Addie Wiley, 15-year-old Pomona girl, are scheduled to appear for preliminary hearing of charges preferred by the girl's husband.
Mrs. Brookins, the outraged wife, had contented herself with filing a divorce action.
These men, however, were said by committee members not to be involved actively in the "slush fund" operations.
E. L. Doheny may be recalled. Harry F. Sinclair, for whom a subpoena will be waiting when he arrives in New York from Paris, will be questioned about the fund.
Altho not in connection with the "hush money," committed members said they probably would want to question Colonel Robert W. Stewart of the Standard Oil Co. of Indiana, to which it has been testified. Sinclair paid $1,000,000 for claims on Toapot Dome.
Briefly, the story of the "slush fund" as related privately to members of the committee, is this:
High government officials, touching many that the oil scandal has not already smeared with oil, made "killings" on the stock market in steel about the time the steel rates in the last tariff act were being enacted. The money thus made, they plunged in stock of an independent oil company, at whose head were said to be relatives of government officers, and lost all the steel profits and thousands besides.
To cover these losses, certain New York financiers and oil men interested in securing special favors from the government, pooled a million dollar fund and shipped
WILL BOOM WALSH ATLANTA, Ga., Feb. 15.—Dr. A. S. Stovall, former state senator and now representative from Elberta-co., today formally launched a boom for Senator Thomas J. Walsh, Democrat of Montana, for the 1924 democratic voters for the purpose of preparing a petition for Walsh.
FIGHT OVER MISSION MANILA, Feb. 15.—A bitter fight is going on between leaders and members of the independence commission over the number that shall constitute the mission to be sent to the United States.
The commission which has been sitting three days in an effort to reach a decision, voted down the proposal of Manuel Quezon that the mission be limited to six. He petulantly asked "why not send the whole legislature?"
The Democratic are opposing a large delegation.
GAGE HEARING TODAY
Andrew Gage was given a hearing this afternoon before a jury in Judge French's court. Gage is alleged to have interfered when officers arrested Jack Dunlap in Fullerton on the charge of reckless driving. The charges are denied by Gage who lays the blame to the officers.
FACES PERJURY CHARGE
Wm. Duncan, Tustin rancher, was released on $1000 bail after preliminary hearing today on perjury charge preferred to Allen and Lyon, attorneys, who obtained judgment against him for $7000 fee.
STOCKS COLLAPSE
NEW YORK, Feb. 15.—Unsettled by numerous bearers reports
"I was merely stalling certain rumors," replied Vanderlip again.
"You weren't very careful about your statement, were you?"
"I am very careful about my statements. I was a journalist and learned to be careful."
"There is no way for the senate to force a man to testify if he claims constitutional immunity." said Lenroot.
"In that case I think it was proper that you did not go on."
"You said you wanted to clear the name of the late president, but what about the committee?" asked Senator Adams, Dem., of Colorado.
Vanderlip said he did not think "this came within the jurisdiction of the committee."
"But you gave currency to these rumors, nevertheless?"
"Not currency to them, merely staling the rumors."
"You put the rumors above goosip?"
"Yes, I heard them from a dozen people, it was a substantial rumor."
"Having taken this stand, do you care to make known the people who told you the rumors?"
"There are some men I don't want to involve these people who did not propose to know the facts. You clearly have opened the road to ascertain the facts and kill the scandal. I understand the men who bought the paper are here. I believe a statement of facts will end the scandal."
"Did you say anything in reproach about a member of the committee?"
"I think I said one member was 'fanatically high-minded.'"
"That was in the nature of a reproach?"
"Oh, no; I thot this investigation required force and character."
"Knowing all the facts what do you now think of this committee's action toward Fali?" asked Senator Adams.
"Your course was the only possible course."
"You agree then we were justified in uniting for a criminal proceeding to bring out other facts?"
"Yes, sir."
Referring to the Marlon Star, Vanderlip said a fair net earning would be from 10 to 12 per cent on Investment. He said President Harding's name "greatly enhanced" the value of the newspaper property.
(By Kenneth W. Clark)
(I.N.K. Staff Correspondent)
WASHINGTON, Feb. 15.—All barriers in the senate naval off investigation were smashed down today.
Flooded for weeks with persistent reports of a vast "slush fund" sent from New York to buy off high governmental officials, senate oil investigators determined to run the rumors to the ground.
For days the committee has been working quietly on "tips"
DECLARE KEEN STORE
TRUSTEES SPENDERS
(Continued From Page 1)
unitholders have not yet come forward to help, but are expected to do so when they read the letter.
Included in Attorney L.J. Allen's letter to creditors—not to preliminary hearing today on perjury charge preferred by Allen and Lyon, attorneys, who obtained judgment against him for $7000 fee.
STOCKS COLLAPSE
NEW YORK, Feb. 15.—Unsettled by numerous bearish reports the stock market broke wide open today, declines ranging all the way to over eight points. Everything on the list was affected by the selling and the trading was of such tremendous volume that it was more than ten minutes after the list closed that the final quotation appeared on the stock ticker.
The Washington oil investigation was used as a bearish factor and the list was also unsettled on the report that Jesse L. Livernore, most prominent stock operator, had stopped his constructive activities.
Steel Common broke over three points to 103½%. General Electric was down 8½% to 208½%; Baldwin six points to 120½%; Corn Products six points to 174%; Studebaker 3¼% to 100%; American Can 5¼% to 112½%; Industrial Alcohol 4¼% to 74¼%; Crucible 5⅛% to 62⅛% and Houston 7⅓% to 67%.
The rails generally were down about one point each.
Government bonds unchanged; railway and other bonds weak.
Stock sales oday 1,923,500 shares; bonds $10,853,000.
GRAIN CLOSES LOWER
CHICAGO, Feb. 5.—The sagging of the grain market which started early this week continued in the latter hours of trading today and all grains closed below yesterday's finish.
The bear movement was unexplained by news developments in which the outstanding features, the organization of $10,000,000 farm aid corporation here and the prospect of a higher tariff on wheat, were more bullish in character.
Wheat closed from 1½% to 2¢ off. Corn was off ¼% and oats from ¼% to %.
BANK CLEARINGS
San Francisco, $38,600,000.
Seattle, $8,252,561.
Portland, $6,263,261.
Oakland, $2,698,800.
Long Beach, $1,779,907.
Ran Diego, $762,379.
Los Angeles, $20,879,819.
FRUIT SALES
Calif. Fruit Exchange
Philadelphia: unchanged orang-
(By Kenneth W. Clark)
(L. N. S. Staff Correspondent)
WASHINGTON, Feb. 15.—All barriers in the senate's naval oil investigation were smashed down today.
Flooded for weeks with persistent reports of a vast "slush fund" sent from New York to buy off high governmental officials, Senate oil investigators determined to run the rumors to the ground.
For days the committee has been working quietly on "tips" that Wall Street financiers sent a million dollars to a Washington bank to be used to make up stock gambling losses by federal officers. Expert accountants have been going over books of brokers of Washington, New York and Cleveland.
Told by the accountants, however, that the brokers "have succeeded generally in covering up deals with government officials," the committee determined to go to the source of the rumors and summoned several New York financiers.
Frank A. Vanderlip, assistant secretary of the treasury under President McKinley and former president of the National City Bank of New York, who cast inquiries upon the late President Harding in connection with the sale of the Marion, Ohio Star, was the first of the financiers subpoenaed.
The committee instructed Vanderlip to be ready today to explain his charges.
Edward B. McLean, Washington publisher, also was under a summons. In addition to asking him about the "slush fund" the committee wanted McLean to produce the checks for $100,000 which he said he gave ex-secretary of the interior Albert B. Fall who returned them uncashed.
Charges of a grave character have been laid before the committee in connection with these checks.
Others who would be expected to appear include Otto Kahn, New York, Harry Payne Whitney, race horse owner, and a member of the syndicate which handled stock of the Mammoth Oil Co., a Sinclair company subsidiary controlling Teapot Dome, and Benjamin F. Yoakum of the Cotton Belt Lines Railroad.
DECLARE KEEN STORE
TRUSTEES SPENDERS
(Continued From Page I) unitholders have not yet come forward to help, but are expected to do so when they read the letter.
Included in Attorney L. J. Allen's letter to creditors—not to unitholders—is a copy of an assignment, rejected by the Board of Trade, which Allen seeks to have creditors sign, so as to assign their interests to an assignee.
Accountant Steed, speaking for the Board of Trade and unitholders' committee, declared that creditors would be foolish to assign their interests to any unknown party. Anyhow, a receiver now is in charge of the business.
The assignment calls for a general assigning of all property to the assignee, who shall conduct the business, pay creditors pro rata after selling the business, re-stock stores during the life of the contract not over one year, have access to all books, have the right to audit books once per month, etc.
The assignment was to be signed by the trustees as first party, creditors and assignees.
DEPUTIES CONTINUE
FINANCIAL DISCUSSION
PARIS, Feb. 15.—The chamber of deputies today continued its discussion of the government's financial measures by giving Premier Poincaré additional votes of confidence.
Two amendments proposed by opponents of the government's economy measures were voted down, the first by a vote of 330 to 243; the second by 372 to 195.
This constituted two confidence votes.
IDENTIFY ROBBER SUSPECT
Jose Marquez, held as suspect in Richfield service station robbery, has been identified from finger prints as Victor Gonzales, escaped in 1916 from Polem where he was serving six years for first degree burglary.
BANK CLEARINGS
San Francisco, $38,600,000.
Seattle, $4,252,861.
Portland, $6,263,261.
Oakland, $2,688,800.
Long Beach, $1,779,907.
San Diego, $782,379.
Los Angeles, $20,799,519.
FRUIT SALES
(Callif. Fruit Exchange)
Philadelphia: unchanged oranges, higher lemons; oranges $2.49 to $2.65; lemons $2.50 to $2.65.
Pittsburgh: steady oranges and lemons; oranges $2.60 to $3.65; lemons $2.50 to $2.65.
Boston: unchanged oranges; oranges $2.30 to $2.95.
NEW YORK CITRUS
NEW YORK, Feb. 15.—Seven cars navels and two cars lemons sold today. Navels easier on 150s and larger slightly higher on 176s and smaller; lemons higher.
Weather cloudy.
Navels averaged from $2.10 to $4.26; lemons $2.00 to $4.30.
LOS ANGELES CITRUS
LOS ANGELES, Feb. 15.—Oranges: Northern and southern best sizes $3.75 @ $4.25; 200s and smaller $3.00 @ $3.50; market pack $2.85 to $3.25; small sizes low as $3.00.
Lemons: Special brands $3.25 @ $3.50; choice $2.25 @ $2.50; market pack $2.00 @ $2.25; loose $1.50.
Grapefruit: Arizona seedless $2.00 @ $3.50; best $3.75; Imperial valley special brands $4.50 $5.00; poorer $3.00 @ $4.00.
LOS ANGELES PRODUCE
LOS ANGELES, Feb. 15.—Butter 42; Eggs: Extras 27; ease count 26; pullets 25; Poultry: Hens 24; broilers 38; fryers 88.
LOS ANGELES POTATOES
LOS ANGELES, Feb. 15.—Potatoes: Stockions best $3.00 @ $3.15; ponder $2.60 @ $2.85; lecho russets $2.20 @ $2.45; poorers $1.75 @ $2.00; new stock carlsbad 10 @ $1c; small sizes 6 @ $e pound."
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