The Seattle Star Newspaper, July 15, 1921, Page 20

MILLIONS LOST IN SHIP BOARD DEALS, EX-OFFICIAL SAYS BY J. F, RICHARDSON ly a member of the U. S| shipping board, tt could have sold Ing board special investigat | most of the supplies at 80 per cent of | Ing committee and an expert on | cost, or a gain tn dollars to the tax-| shipping affairs.) kot closely, had been pursued by the But the opportunity to do this van- | . Tuty 15.—The | tshed, Miller says, when tho sales A s Ba a te parti t ~~ | poli¢y was changed many times, land, tas taver at Washington |,, We" the appraisal was reduced | gs wade of 1008. jto 50 per cent of cost, Rarde en jtered a bid of 50 per cent of ap- While other § lors wrangled, | yrais value, drew up a contract | complained, thres Barde calm: | and aited with Miller a ly pursued bis wa ring to DUY | tied check of $300,000, This bid Up $350.000,000 worth of supplies. | covered the first batch of materials payers of $105,000,000 | certi de Tho select congressional invest!-| “those on the Pacific coast, costing | Fating committee took the question | ing »ple between $15,000,000 and | UP. Due to turmoll surrounding the | $99,090,000. With lowering of ap: gale of the people's property at 13% | hraisal values, this material shrunk | gents on the dollar, J, Lee Allen, al-| {y's Teotor of supply and sates division, | yraigat Fesigned. He was opposed to the | ho9 Doard’s interpretation of Barde’s first | nenson, he says, ordered this second | APEt f. baitler, former director of the | appraisal, Shipping board supply and sales de. | “BOOKS IN CH AOS," partment, fearing the issues, he ad LER ADMITS Imilts now, qucceeded Allen as director | “When I assumed charge of the ef the supply and sales division, | department, I found books, inventor | Afraid of the effect of the letter of |!¢8 and accounts in rotten shape, q 27, tasued by Admiral Benson, | Miler now admits, Bien ire inside information as to} Further drawing him out, I learn ‘and appraisals, Miller, he|ed that materials which had been admits, went direct to Admiral Ben. | diverted during the shipbuilding days on to learn if the admiral really/as many as three times, were still t the orders in that letter to be | charged on shipping board books to ted, The letter was not with-|ortsinal conisignees. wn. Millions in matertals already sold Miller later was called before the | nad never been entered on the books A jona] committee to testify on | at all and stood still charged as be- the plan to sell this tremendous ing surplua Utter chaos character Gmount of material to Barde. The! isa the keeping of material ac- committee found nothing wrong with | counts, _ according to evidence BIV-) Wie this was going on Bante was negotiating the purchase of ‘Then it was Barde made his BIE} 1.) pacitic Coast supplies, In ad- dition to the $3,000,000 he bid for the, supplies, he agreed to assume, | henceforward, the warehouse charges | —$40,000 a year, Also yard rentals in » natural de running the total of housing and Heeticn ect, Weceiy’ because of | TAFAINE Costa to $100,000 a year. vacillating policy of the shipping | BANKERS BACK board—was shoved onto the taxpay- | BARDE’S BID “@fs, plus the losses of the millions} Under the plan Miller says he per. Deing sold at 13%4 cents on the dol-/ fected, the overhead in the supply | dar. and sales department on the coast which was $1,000,000 a year, would 00,000, altho a previous ap jaced its value at $12,500, Miller, on authority of Admira ‘value of the $250,000,000 worth | materials had been appraised} to one-half that amount, or 175,000,000. Thus a loss of $175, ‘TOO OFTEN have been wiped out. All of which ‘Miller now admits that if a vigor. | means the people, by this deal, would ‘aice policy, following the mar. | have secured $3,000,000 In price bid, > oma —_———__—___— | plus @ year’s overhead, of $1,000,000, IRIN plus another $500,000 overhead in other departments handling supplies ime “Bayer” on Genuine accounting, plus a year’s rentals of $100,000, plus another two years’ overhead, aggregating another $2,- 000,000 and another two years rentals of $200,000, or a total price and saving of $6,000,000. The Barde bid was backed by the signatures of E. A. Christiansen, of Sudden & Christiansen, and Herbert $750,000 for 75 wooden hulls on the coast. Half the supplies tn stores are special equipment for those hulls. Thus, according to Miller, under these arrangements the people would have received and saved the $6,800,- 000, plus the $750,000 or $7,550,000. At this juncture, Miller says, « the directions and dosage|Junk dealer of Portland named d out by physicians during 31 {Cote made protest and said he and + | COMMISSIONER MAKES OBJECTION Following this, Shipping Board |Commissioner Joseph Teale, of Portland, strenuously objected to Take Aspirin onty as told in each fo of genuine Bayer Tabiets Aspirin. Then you will be fol- terial, the overhead, the rentals, all were lost to the people by the ac- tion of Commissioner Teale, says Miller, and it will now be two years or longer, according to the former director of the supply and sales de- partment, before the shipping board can of the materials. The ship deal fell thru and Chris- tlansen later offered $97,500 for the ships he had previously offered to buy at $750,000—and he afterward continued storage, falling markets and the threatened junking of the wooden boats amounting to 25 per cent has taken place in the mater- |lals, says Miler. This means a fur | ther loss on this material of $1,875,- }0¢0, or a to:al lous to the pubilc treasury in thie deal of nine and one-half millions. Miller further admits he came to 6 Pacitic Coast with Bare ana ver while this deal was pending M that he came at the written ot Admiral Benson. He as| admiral, in sympathy with je deal, wired Miller to get) » did #eair—then Commis | le Interpored and blocked | story Richardson wil! shipping board lost while it Was ylayea by the junk xing, on the peopre’s Hilvilla Black | Sor kc ed Jea Kiddies thrive on it HOME OF THE BEST $2.50 GLASSES ON EARTH Examinations Free * Our experience in vision testing || enables us to correct your eyes with scientific accuracy, We specialize in the most modern forms of spectacles and eye- glasses. Grinding in our own modern Jensgrinding plant—the popular Toric and Kryptok IN- VISIBLE BIFOCAL LENSES, Always Retlable THE SEATTLE STAR It Is Nothing Less Than to Dump Old Vintage Clothes on the |)j Market at Prices That Can Buy THIS | Season’s Materials, Styles and Patterns People aren’t altogether crazy, although you'd think so judging from the adver- tising of certain long-profit merchants who are engaged in the ancient pastime of dumping pre-war styles on the market at THIS year’s prices. 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