Evening Star Newspaper, May 1, 1928, Page 5

THE EVENING STAR, WASHINGTON, D. €. TUESDAY, MAY 1, 1925. METHODIST EDICT ONWETS FORESEEN Church Expected to Set Forth Militant Dry Platform | at Conference. at the pres- tal confer- This Methodist pre tform is to be set forth in tk of the and | r presenta- admonish cheduled f; 15, It w s, S0 the w erances and f would the eighteenth amendment and i act.” is to be a demand on na- strong dry ns. Thirty- ave al- lmdd not regard that as purchasing and.” “You don't care to say any more about that?” Sinclair conferred with Martin W, Littleton, his counsel. “I don’t think you ought to ask Col. Littleton what answer to make,” Sena- tor Walsh said. “I didn’t ask him that,” Sinclair re- plied. “Do you care to make any further ! explanation about the purchase of the | stocks of the Tres Ritos Land & Ca tle Co?” “No, sir." “Do you think you gave a frank answer tb that question in 19232" Considered It Fair. “When I made it, I thought it was k and fair.” | Of these bonds you received from the | Trading Co.. how many | pons did you ™ | did not recef y Continental | ding Co. bonds so far as I know. ting them from Mr. Blackmer u got from Mr. | Blackme how many do not know Did you cash all of them?" do not think so.” Left Coupons on Bonds. “Were there any coupons on the bonds you delivered to your company the other day? “Yes sir. Those due in the future.” Finally the ofl operator said that Blackmer had asked him not to clip tHe coupons from the bonds he gave him. After a passage with Senator Walsh over what was meant by a question, Sinclair said it was his recollection he did clip some of the bonds. & Then Sinclair directed the stenog= rapher to read his previous testimony. There was difficulty in finding that and Senator Walsh finally broke in to say | Washington and G. T. Stanford and | Sinelair was put under oath by Cha board of directors into his confidence The witness said he would have been willing to have the detalls of the deal published to the world. “Did you have any other 31 per cent bonds?” Walsh asked. “Yes.” “Where did you keep the record of those?” “On the books of the Hyva Corpora- tion” (Sinclair's personal corpora- tion). “My recollection is that the books of the Hyva Corporation did not show any 3! per cent bonds,” he said. “Well, they purchased some eight have been a record.” Accompanied by Counsel. Sinclair appeared at the committee room a quarter of an hour before the | time for the hearing to open, accom- | panied by his counsel, Martin W. Little- ton of New York, George P. Hoover of R. W. Ragland ot New York. It was Littleton who advised Sinclair four years ago to refuse to answer fur- ther “questions man Nye. He held his right hand high as_the oatld was administered. “The committee is charged with in- quiring into the affairs of the Con- ! tinental Trading Co.” said Senator Walsh. “Will you please tell us about that company? “Just where do you want me to be- gin?" the oil man countered. “Tell us about the organization of the company.” the prosecutor directed. | “Thee first 1 knew of the Continental was October 17, 1921. I had nothing to do with the organization.” Met in New York. Sinclair said that representatives of board of the Midwest Refining Co.; Robert W, Stewart, chairman of the board of the Standard Oil Co. of In- diana, and James E. O'Neil, then presi- dent of the Prairie Oil & Gas Co. As he told his story Sinclair con- ferred occasionally with Littleton, who sat to his left. The lessee of Teapot Dome recounted how he sought to pur- chase oil from the late A. E. Humphreys of Denver, which the Continental subse- quently got and sold back to the Sinclair and Standard companies at a profit of 25 cents a barrel. Humphreys declined to sell an Interest in his companies, explaining that the million dollars of them, so there should | Pure Oil Co. of Ohio already had ob- | tained one. Luncheon Is Held. Two days before the Continental transaction was completed, Sinclair said there was a luncheon at the Bankers" Club, attended by O'Neil, Blackmer nd former Senator Thomas of Colorado, counsel. for Humphreys, “Blackmer informed me that he had purchased from Mr. Humphreys 30,- 000,000 barrels of oil, and that a num- ber of persons were interested,” he co tinued. “The difficulty w: care of the purchase, as the wells were coming in rather fast and B]:\ckm:‘r[ that Sinclair could have withdrawn with honor November 16. The oil man said his word had been given, “How did the Continental come into the situation,” Walsh finally asked. “It was brought in by Mr. Blackmer. He said the Continental was to buy the oil. He was speaking with Col. Humphreys and Senator Thomas. “Senator Thomas told us he never heard of the Continental Trading Co. until just before the contracts were silxn‘e?d. What have you to say to that?" Fails to Remember. “I am not responsible for what Sena- tor Thomas told you. I cannot ve- member whether it (the contract) was brought in on the 16th or the 17th.” “In what connection was the Con. tinental Trading Co. mentioned?" Walsh asked. “I do not recall.” You have no recollection of it?" “Yes, 1 have a recollection. Mr. | Blackmer mentioned it, but I cannot recall the details of the conversation.” Senator Walsh wld Sinclair that he was reciting the testimony of former he %% o to take |Senator Thomas “in an endeavor to refresh matter." wanted to interest the Prairie Oil & Gas |10t Lesponsible for Thomas® testimony, Co. in the repurchase, as it would re- quire construction of a pipe line to field and storage tanks as soon as possible.” The conference was continued the| next_day at Blackmer’s apartment at the Biltmore Hotel with the same per- | sons present. The negotiations went ver until November 17, the witness said, when Beeman Dawes, president of the Pure Oil Co., was present, along with Stewart. It was then that the contracts were | signed. They called for the purchas by the Continental of the Humphreys Oil and its resale to the Sinclair Crude but finally said that it was his under- anding that Blackmer had arranged buy the oil from the Humphreys com- anies. ‘When did you first learn that there Standard Oil of Indiana to buy this 0il?" Walsh asked. Tried to Buy Interest. “I do not recall that the Standard of Indiana made any effort to get the oil, but my attention was called that Mr. Blackmer and Col. Stewart made a trip to Mexio, but it was my under- standing that they were trying to buy was any effort on the part of the| “What did you know about the Con- tinental?” “I did not know anything. | Before he signed the contract Sinclair | sald he told Blackmer he would have to see that the Sinclair company got a part of the commission. | “But you are not answering -my ques- tion. Tell us how it was that you came to guarantee the contract.” “I think Mr. Blackmer told Col. Humphreys that the Continental Co. |and not himself would buy the oil.” | Asked by Blackmer. | i The committee prosecutor pressed | Sinclair as to why he was brought into | the Continental situation. The oil man insisted that he could say only that Blackmer “wanted us to purchase some of the oil.” He said he did not guar- antee the Continental's contract, but signed it on behalf of the stock owner- ship of the Sinclair company. He was willing to do that to get the oil. Asked whether there was a reason for a guarantee, Sinclair said that as he | remembered it Humphreys said he did {not_know the Continental. | | The witness said he represented an | independent ofl company at the confer- | s. | “That was a very profitable contract | for my company,” he said. “I would like to make, another one like it.” | | Capt. “Eddie” Rickenbacker Will discuss the future of ihe automobile, the airplane, tele- vision, and the dirigible in | transportation tonight at 6:45 SPECIAL VALUES IN Living Room Suites *99 331 Terms arranged. You will find just the suite in this large and attractive display of Living Room Suit All are of the finest construction and moderately pr Custom Tailored Slip Covers For three-piece overstuffed suite of best quality Belgian 33 l 73 slip covering material, taking not over 22 yards. Special. GEORGE PLITT CO., Inc. Over Radio Station WRC Under the Auspices of The Washington-Cadillac Co. time was ot value. three »Standard Oil Compaules were | Ofl Purchasing Co. and the Prairie Oil |a ne withess conferred with Littleton, | present with himself at a hotel in New | & Gns ca 8 0% and the Prairie Ol s e s who said Sinclair wanted to know if he | York when the Continental deal was After some sparring with Senator | Sinclair said the Standard Oil of In did not have the right to have read his | put through Walsh over whether the contract for [diana was anxious to get the oil, bu previous testimony. As these Standard officers he named | the oil was finished November 16 or 17, [only through the Sinclair E;ude com : ?‘ Sen lms no such right,” Senator | . M. Blackmer, then chairman of the | Walsh asked if the situation W pan; The oil aperator then repeated tes- ¢ timony as to a conversation with | PROELRap Blackmer, and _corrected a previous | League Against| statement that Blackmer had told him | g i 1“;3 at the &msct not to clip the coupons ! e chur ! on the bonds. $bh e of T 2100l | He said he knew of no reason for and the W. C. T. U., which ¢ | Bjackmer’s request and added that he 5 supported by the Methodists | gig not ask him at the time, as he re- 7;'1‘3[‘ follows R il b g‘”sk He could see no reason for pub approved as dry: = Her-| Blackmer's action. | bert Hoover. O. Lowden, Charles| “Senator Walsh commented on the | s ‘r;wsg‘rius“ wet by | fact that Sinclair_had not taken his! Nicholas Murray But- Longworth. ed as dry: Thomas bs McAdoo proved as wet, in the Al Smith, James A Painting, Paperhanging, Upholstering Roster Is Supplied. 718 13th Street st expected to men- declaration of presi- Howev “I thought I was going to be mur- dered,”’said thebach- - elor, leaning back in . L his chair, “and in- stead of that I made afriend for life. Late at night, a lonely road, a figure loom- ing through the mist. But instead of want- ing my watch, he merely asked for a cigarette. in unmistakable terms.” SINCLAIR SAYS HE GAVE HAYS $160.000 FOR G. 0. P. DEFICIT (Continued from First Page.) Tomorrow morning opens the “May Diamond and Watch Event” at our store. This is the beginning of the largest Diamond and Watch offer watch Is guaranteed by the factory that makes Washington has seen. \Ve want every person to wear a DEPENDABLE it and we, also, guarantee the watch. Tt must Watch and a PERFECT Diamond and are extending most liberal terms BE RIGHT, OR WE WILL MAKE IT RIGHT. during the month of May. The factory’s guarantee and Chas. Schwartz & Son’'s guarantee assure satisfaction. Pay Weekly—Or By the Month 3 Diamond—Bond Every Schwartz “PERFECT” diamond is sold under bond, guaranteeing FULL EX- CHANGE VALUE on all solitaires. This bond is given to you in writing when you buy the stone and it is a POSITIVE GUARANTEE OF ABSOLUTE SATISFACTION. “PERFECT” Engagement Rings $37-50, $75 to $500 Up Spring time is en- gagement time. CHAS. SCHWARTZ & SON are famed as PER- FECT DIAMOND MERCHANTS. Terms arranged to meet your convenience, Double Guarantee By “DOUBLE GUARANTEE" we mean the T. Everhart of Pueblo, son-in-law of Albert B. Fall | “I made that payment for a third interest in Secretary Fall's ranch prop- erty,” Sinclair sald. “I paid $198,000 in Washington and $35,000 later in New Yark.” | Asked where he got the $35,000, Sin- clair said it came from his vauit, but | e couldn't remember which ene. Senator Waish called the witness’ at- “ " tention_to his testimony October 29, Good Heavens! 1923, that he had not purchased any property in New Mexico prior to thatl he cried afwra'draw hT;&mz have you to say about that?”| on aYorkhwn_’ Why he_demanded : : haveInevertriedone The ‘testimony speaks for itself y @oes it-mot?” Sinclair replied | of these before! Itis “But¥ou now tell us that you bought | the property in May, 1922 | what I have been “Senator Walsh, 1 thought at that| : time that you were talking about pur- looking for all my chasing Jand. I bought shares in the ey Tres Ritos Land & Cattle Co., but I life. And that is just how people feel when they first try York- town Cigarettes. 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