The Boston Globe from Boston, Massachusetts • 13

iu.n. s. yt. otr. THE BOSTON SATURDAY, MAY 27, 1933 13 CALLED $666,660 IS WALDRON IDENTIFIED BY ROUTE PARTNER AT POLICE TRIAL IN CITY HOSPITAL WARD MIND OF MOTHER FOUNDAFFECTED Saxonville Wife Pleads for Electric Chair 10 COUPLES MAY REWEDJTLYNN Marrying Justice Served Without Having License MITCHELL i Sensational Testimony Against Accused Officer Given by Patrolman McArdle Government Contends It Taxable Cohen, Awaiting Trial in Back Bay Break, Not Named at Hearing What Going Off Gold Standard by Law Will Mean on Bonds and Debts By the Associated Press Government bonds need not redeemed in gold, but can be paid in any legal money.

Private- debts, such, as mortgages, can be paid in any legal money regardless of whether the original contract stipulated gold. The' war debts owed by foreign countries can be paid in any legal money, gold not being necessary. It will be unlawful to stipulate gold, on contracts "made hereafter, as the medium of payment; All coins and currency legally issued will become legal tender for payment of public or private debts. As Income Banker's Former Aid IS Defence Witness -Vi 1 If I vi -Lis: iw sajwiiis inni i ii ri i sMiiiiiiiwisi jfr is POLICE TRIAL AT BOSTON CITY HOSPITAL Left to Rifrht Deputr Suet Martin Kinr. Capt Perley S.

8 killing's. Patrolman Michael Waldron (in bed), Atty Max Glazer, counsel lor Waldron. matter postponed until his client could leave the hospital. He argued that Waldron was under the Influence of ether administered in the treatment of his broken ankle, but the noiici, can- ism. T-W.

Uomow Dr Maurice O'Connell, Dr Lawrence nd T)r Martin Ene-lish. who told them that the officer was in good mental and physical condition The trial then was begun. The members of the board included Capts William W. Livingston, John Mullen and ThnmAs 'filsavv. Others mvuuwi wuwicy, Aepuijr oupi- juitr- rancione and Arenanelo TimpitelU.

Jan tin King, police investigator, and Capt 1932: Domino Prase and Mary Sehiap-PerW cuiliino-, Pucci. March 2. 132; William Vangrehst reriey bKUlings, commander or tne and concetta Keitano. April le, 1932: Car-division in which the two accused po- millo Verna and Seralina Tracchia. May 7.

licemen are attached. 1932; Torrello Madelena and Clementina Th. hoarI in 'WV Berine, Aup 9. 1932; Salvatore.DePaquaie "ADVANCE was not to be included in his return for 1929 for the reason that: the Na tional City Company had informed him mat item ma been rescinded as a payment from the National City Company Management Fund and was to be considered as an advance and not as a payment." Itemized 1929 Income At the request of Max D. Steuer attorney for Mitchell, the prosecutor later asxed tsiack if be could recau anything else that was said at that "I should have added," Black de clared, "that Mr Mitchell said to me, in exact words or in words to that effect, that it was to be regarded as an advance to be rspald by him even tually either out of future manage ment funds or by him individuai.y." Testifying from his work sheers.

Black said Mitchell's compensation in 1929 from the bank and the National City Company totalled $1,306,195.02, exclusive of the $666,666,67. The- pay ments were made up as follows: From the National City Bank Sal arv. $75,000: management fund, 634.19: directors' fees, total. $695,565.74. From the National City Company- Salary, management fund, directors' -fees, total.

$510,629.28. Other items of income which Mitchell reported for 1929 included: $140,105.47 interest on bank deposits, bond cou pons and National City Bank stock loaned to the National City Company; $4527.88 directors' fees from other com panies, and $16,605.37 profit in syndl cate transactions. The first count against Mitchell grows out of a sale of 18,000 shares of National City Bank stock he claims he made to his wife in 1929, recording a loss for tax purposes. The Gov ernment alleges this was a fake. The second deals with a similar transaction in 8500 shares of Anaconda Copper stock in 1930 involving W.

D. Thornton, president of the Greene Cananea Copper Company. pare this resolution which extended the power of the committee." "I voted for it," Glass Interjected. "Then, Mr Pecora." Fletcher continued, "prepared a plan for this inquiry. He presented a list of questions that he intended to ask to the full committee.

We told him to go ahead. "I didn't ask him to come down here from New York and report when he was busy. We were busy, too. I trusted him. And there was no reason to doubt his good faith.

I am proud of his work." More applause echoed about the marble-walled room and then the committee adopted the motion of Senator Byrnes, Dem, of South Carolina, to adjourn until next Wednesday. The recess had been agreed upon at a long executive session before the fourth days' two-hour hearing began. At this meeting there were complaints of information "leaking" ahead of time. Later in the open session when Glass mentioned this, Pecora denied any tart in any "leaks," as well as entering a denial of reports that he had threatened to resign if thecom- mittee refused him certain requests. At this meeting also the committee agreed not to require publicity of individual debts to the Morgan firm of its partners.

"It decided to determine later whether the Morgan articles of partnership should be made public and what disposition should be of a list of individuals depositing $100,000 or more at the Morgan bank. Glass Interrupts Again In the hearing, Glass asked Howard if United. Corporation ever had been examined before. Howard said the Federal Trade Commission had made an examination. "Did the Trade Commission find any violation of the Sherman Anti-Trust act?" Glass asked.

"No." "I'm still in the dark," the Vir ginian comnlained about Pecora mioatlnna. Senator Barkley, Dem. of Kentucky, mmmcnted that "the final report of the Federal Trade Commission on its utility Investigation naa noi pct made." a renort has. I think. Glass aaid- "I insist on knowing what this is all about." "I don't see how wa can anticipate what Mr Pecora expects to develop," Fletcher said quietly.

Morgan VComing Back" J. P. Morgan sat by, virtually unnoticed, while Glass and Pecora clashed over Pecora'a conduct the inquiry. When the row simmered down and the tension relaxed to be followed by adjournament, the massive banker arose showing clearly that he was glad a lull had come in the proceedings that had kept him in the semi-tropical atmosphere of a crowded room for four hours. In answer to a question, he said he was glad to get away from "Washington heat" for a little while but that he was "coming Morgan laid aside dark business suits today for a conservative lightweight gray and his vest was left at the hotel.

Newsmen during the last four days have found him ready with comment on the weather and quick to respond to questions whether or not he gave any information. He nodded today and agreed that his Washington experience was "new, quite new." Howard on Stand DurinB, the session Pecora brought out that the United Corporation was organized Jan 7, 1929, under the laws of Delaware and that Howard became president on Feb 26, 1929. Howard said that "about Jan 11," 1929, his corporation acquired from Morgan A Co 350,957 shares of common stock In' Mohawk, Hudson Power, 62,360 of preference stock and 124,440 In option warrants. 1 In addition, United corporation got 30,565 shares of common stock from Morgan in United Gas Improvement Company, about 59,000 shares in Pub-, lie Service New Jersey and also 1700,000 in cash. In return, he said, the United Cor poration gave 600,000 shares of Its preferred stock, 800,000 of Its common and 14,200 in option warrants.

$12 000)00 Under Value "What did you get this stock from Morgan at?" Pecora asked, Howard replied that it was acquired at about 112,000,000 less than its market value. "What was the market value of the stock you received?" Howard gave the aggregate market value at 155,566,644. "Is the United Corporation a holding company?" asked Pecora, "Tea." "These securities received by the I. Hi i 1 i i 1 1 1 if 'I ji I If a-- 4 f. i Gafvani Airested -City Clerk Thinks Weddings Are Legal L.YNN, May.

26 Ten Xynn couples- married by Joseph O. Calvani, since his license expired as a marrying justice of the peace In September, 1931 announced tonight, after Calvani had been arrested, that they will be remar ried despite the expressed opinion of Joseph city clerk, that they are legally wed. Calvani is charged with performing marriages without legal authority and will be arraigned in Lynn District Court tomorrow morning. He was re leased tonight on bail of 11000. Investigation -of Calvani, a real estate and insurance broker, began after he had applied at the State House in Boston for-a renewal of his justice of the peace license and a com plaint had been received from a couple he had joined in wedlock.

Capt Thomas E. Bligh of the State Police was ordered to investigate and this afternoon officers Joseph L. Ferrari and William F. Murray arrested Calvani. "The 10 couples acted in srood faith when they went to Calvani to be said Mr Attwill tonight, "and.

in my opinion, they are as leerallv wed as it they had appeared before any licensed oraained clergyman in L.ynn. "They have nothing- to worry about. $ut fel, that something should be done Calvani for functioning as a Jftce. without a license." bJanes the depression for io appiy ior a renewal or I "IS 11 ha.Y5 moniev for one, he ne cuy ciern Jias Deen 101O. that Calvani got at least $5 from each couple he married and in one or two cases 910.

Mr ana Mrs William Barton say tney gave calvani $10. Others who will probably have them' selves remarried are: Mr and Mrs jameg wblttaker. Biairto ana ose ix. raimen, sept z. Artnur n.

Du euce ana uermaine Grimora, uc( is. 1 1UdA ACT TO VOTE OUT GOLD STANDARD Continued From the First Page outspoken opposition, from some mem. bers on both sides plans were made speedy consideration. Secretary Woodin and Chairman Fletcher, of the Senate Banking Com- mittee, in explanation of the measure said it was needed to facilitate ad ministration of the Government's cam. paign against hoarding and to remove any question of "bad faith" in connec- ion wih forthcoming Government Congressional Mdai vnnM comment on the legislation without further study, but, Senator McNary, the Republican "leader, predicted it would meet with opposition "because of the'retroaeUva featnr Senator Glass: a former Secretary of the Treasurv.

said It would hn all right if the United States 1 "I wvuua tui a cuv; a CUCClilUUlt) in legal tender, but he objected to the phrase "heretofore or hereafter." It would be "utterly useless," Glass helJ. the legislation with 40 this country. T6 Forbid Gold Reauirement The resolution, introduced by Chair- rTcr nLsteaSa11 the Sen- ato and ouse Banking Committees, respectively, asserted that "the hold ings or dealings in gold affeet the public interest, and are therefore subject to proper regulation and restric tion." It then asserted that obligations wnlc purport 10 give me oougee a right to require payment in gold of a "which purport to give the obligee a particular kind obstruct the power of 1 ss 1 niiMi braids snn rm inrnneisranT wlth the declared policy of the Con gresa to maintain at all times the eqUai power of every dollar, with this preamble, the resolution then proceeded to declare all such pro- visions "f.0 be against public policy" I ana lorDia any sucn provisions in xuture omigations. the Legislation The aim of the legislation was saetcned in tne following paragraphs ooiigation. heretofore or nereaiter incurred, whether or not any such provision is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at uie me or.

payment is legal tender for public and private debts 1 n.ntatnn any law authorizing obligations to be iaMtail Kr mb a 4.1. 1L. United states is hereby repealed." legality or the gold clause, in public and private contracts has been a moot question since Roosevelt took the Nation off the gold standard and issued regulations against -the hoarding of the Chairman St ea gall said 'the resolu repeal the "gold clauses" in the Acts or iio, tne becona xmerty Act and subsequent legislation. He made public a memorandum call- ing me legislation or, "utmost lm- portance" because: "(A) It completely 1 regularizes the present de facto situation as to both public and private debts. "(B) An offering of Treasury ob ligations must be announced on June 5 and.

issued June 15. It is essential tnat no question as to tne good faith of the Government be raised in con nection with- this issue or future issues. "(C) It would eliminate existing un certainty in business. "(E) It places old 'gold clause' and new 'legal tender' obligations on the same footing in respect of payment. (F) It would make certain of accomplishment the declared policy of wpmmg lunaer.

neicoer i memo- of 11 leglslaUon empowering the President to prevent the withdrawal and hoard- To Treat All Debts Alike The memorandum pointed out that gold Is not now obtainable for pay. ment of obligations and that the Thomas amendment was Intended to make them payable in legal tender money but that doubt had arisen be- cause or tne gold clause" in some contracts "This doubt should be removed, the memorandum said, adding "Future issues of Government obll- Rites Held for Slain Children She Is Sent Westbora On advice of Stats alienists, Mrs Nellie Dcyzheski of Saxonville, charged with the murder of three of her four children, was committed to the Westboro State Hospital for observation yesterday by Judge L. Collins in Middlesex Criminal Court in Cambridge. The three children, Chester, Eugene and Irene, died of blows on the head early Thursday morning shortly befor their home at 4 Chestnut pi, Saxonville, was set' on fire in what police allege was an attempt to cover up the crime. The fourth child, Paul, is in a.

critical condition with a probable fracture of the skulL Mrs Dcyzheski was examined at the East Cambridge Jail yesterday following her arraignment in the District Court at Framlngham. Examination was made by Drs Winfred Overholser and James E. Barrett or the State Department of Mental Diseases. Suffers Mental Depressions They stated that they found the woman mentally depressed and subject to profound feelings of unworthi-ness. She professes a complete loss or memory as far as the events of the night of May 24 are concerned, they said.

Judge Collins ordered a report on the woman's mental condition by June 20. At the arraignment in the Framing-ham Clourt he answered "Yes" when she was asked whether she was guilty. The court ordered a plea of not guilty to be entered and the woman was held without bail for the next session ot the Middlesex County Grand Jury. She appeared in court with a trained nurse and remained unmoved throughout the hearing, expressing no desire to attend the funeral services for her children, held at St George's Church, Saxonville. The services were well attended, with many classmates of the children in the congregation.

The only mourners were the father, Paul Dcyzheski, bia sister, and a friend. Mother Pleads for Chair At the East Cambridge Jail, Dist Atty Warren L. Bishop interviewed Mrs Dyczheski. He made the following statement: "I have talked at length with Mrs Dyczheski and I believe she has told me everything she could in regard to the death cf her children. This Is one of the saddest eases I have ever known.

It is tragic beyond measure. She seems a woman of culture and refinement. "She told me she can remember nothing of what happened from 9 in the evening until 7 or 8 o'clock of the morning after. She asks for no sympathy or mercy, but rather begs for immediate punishment. In the most pitiful way she begged me to send her to tho electric chair as soon as possible.

"She said, Why all this trouble? Why all this fuss? Why all this procedure? There is no problem here. There is no difficulty. I must be guilty, and I want to be punished. I don't know why I did it. I loved my SAYS NAZI GERMANY TO "SETTLE DOWN" Prof Schumpeteiy Harvard, Sails With Prof Taussig Germany, under Hitler, "looks much "orse than she actually is; in a few months the Nazi Government will set tle down to a more rational, conservative routine and then Germany win become a power not only to respect but also, possibly, to fear," asserted Prof Joseph A.

Schumpeter, economics professor at Harvard and Minister of Finance in Austria in 1919, last night before he sailed for two months ia Europe. Boarding the Cunarder Scythia. In company with his superior in the Harvard conomics department, Prof Frank W. Taussig, Dr Schumpeter declared that Hitler can conduct the Government on a sounder financial basis than would be possible under a parliamentary setup. The two professors will spend the Summer visiting scholars and universities on the Continent.

Prof Taus- Big is accompanied by his daughter, Dr Helen B. Taussig. Peabody was well represented at tha sailing, from the Cunard docks in East uuoiuu, uj group 01 Business men, -who came to bid farewell to Patrick H. O'Connor, 83-year-old president of the Peabody Cooperative Bank, a posi- uuu jib uau neia ior tne past 37 years. He is on his way to the International Building and Loan Association convention in London.

Accompanying him is his son. Retr Fr George P. O'Conar Mary's Church. Dedham. Wiih a tntml 550 passengers in all classes, 320 of them from Boston, the Scythia sailed 9 o'clock last night, after coming around from New York.

Among the Boston passengers were Miss Mary E. Goddard, Mrs William Tyler. Mrs John B. Havm Mr Robert Farley Clark. Miss Mary E.

Mitchell. Miss Katie MitcheU, J. Hamilton Kelly and Miss Theresa French. NO TRACE FOUND OF DISABLED LEMARR' Patrol Boats Join Search Fishing Boat Coast Guard patrol boats searched vainly late last night along a wlda circle 20 miles off Boston Ughtshin. hunting for the disabled fishing boat Pontoon Le Marr.

one of the Italian fleet out of Boston. Fear for tho safety- of the Increased with oarkness. for-the Agassis started the search in the afternoon and was unable to find any. trace at the position given by the steam trawler William O'Brien, which sent a Tadlo message the Coast Guard telling of the at 1-dent. The Le according O'Brien's radio, was drifting hejp- "ij mies auuuieasi Dy eat frort Boston Lightship.

Her engine wag broken down, it was reported. During the evening Guard ships, on the off-shore patrol joined the Agassis. are untruthfulness and neglect of duty as well as the larceny. Patrolman Thomas McArdle, Wal-dron's partner on the same route, did not identify Cohen as one of the fleeing officers, it was said. The entire proceedings were secret but the corridors of the hospital buzzed with the information that McArdle had positively identified Waldron for the first time.

The unusual bedside trial was in progress most of the day until 7pm when the board announced that after hearing 16 of more than 40 witnesses on hand, the case was closed ami that a decision would be announced in a few days, Meanwhile Cohen is, at liberty on bail' after being arraigned in the Rox-bury District Court on similar charges and Waldron iwlll be' brought into court as soon as his condition permits. Max Glazer, counsel for officer Waldron, made every, effort to have the ion in the management 'of these companies?" asked Barkley, Dem, of Kentucky. "Everything Is harmonious." 22 Percent of Business Howard divulged that companies in which -the United has. an interest do 22 percent of the Nation's gas snd electric business, on an output basis; and Pecora placed in the record statistics showing the companies served an area, with more than 50,000,000 of population. "How large is your own office staff?" Pecora asked.

VA secretary, office boy and Mr Ferguson," -Howard replied. i Pecora had Howard enumerate the corporation in which the United holds stocks and the shares held, and Couzens also obtained, the percentages of the total. 1 "What do you mean' by large Influence I think you said you had large influence In many of these concerns as 'distinguished from complete legal control?" Howard was asked. Howard answered that since the holding company left the operations if-its subsidiaries free in most cases and that it did not hold a controlling amount of stock, it was evident it, did not have complete control. He said, however, that the holding company participated in discussions of policy and that it "naturally" was to." "Your advice Is usually followed?" Senator Costigan, Dem, of Ohio, asked.

"In some cases." "Many of the companies in which your' corporation holds stock are known as Morgan companies, are they not?" Couzens inquired. "Yes." Then followed a discussion about a map purporting to show sections in which the United Corporation Power affiliates operate. Three Morgan Directors Howard elaborated that companies in which United has a large Interest supplied from 22 to 23 percent of the "Central Station's" electrical energy "In the country." said this, did not Include the Electric Bond and Share Company, "On gas It Is about 22 he said. He was unable to give the popula tion served, but Pecora presented a photostat from Morgan Co, dated Sept 20. 1929, and putting the popula tion served at 55,272,000, distributed in New York, New Jersey, Connecticut, Pennsylvania, Delaware, Ohio, Michi gan, Illinois, Tennessee, Mississippi.

Alabama and Pecora brought out that of the United's 11 directors, three Harold Stanley. George Whitney and Edward Honk in son were Morcan partners. and two were members of Bonbright A Co. "How many are. a quorum of direc tors?" "Four." "How many stockholders?" "Twenty-five percent." It had been a majority, the witness' said, but the bylaws were changed "to make It easier to get a quorum." ACKERMAN IS PRESENTED BOWDOIN WOODEN SPOON BRUNSWICK, Me, May 36-Carl A.

Ackerman of Swampscott, Mass, was this, afternoon presented the wooden spoon for being the most popular member of the junior class of Bowdoln' College, at the annual ivy Day exer cises. WIFE WINS DIVORCE DECREE FROM SENATOR PARKMAN In an uncontested action, Mrs Mar garet R. Parkman, Beacon st, Baca Bav. was granted a divorce decree nisi in Suffolk Probate Court yesterday from her husband, Senator Henry Parkman Jr. Mrs Parkman was also given the right to resume her former marriage name of Mrs Abbott Lawrence Rotch.

She did not seek support and no order on that point was made by the court. Mrs Parkman testified that she was married to Mr Parkman in Boston, Nov 1, 1919, and that she and her husband lived tbgether in this city and Marblehead. They were happy until 1928. or 1929, she said, when bis manner toward her changed. THOMPSON TAKES OATH AS SENATOR FROM NEBRASKA WASHINGTON.

May 26 (A. H. Thompson, former member of the Supreme Court of Nebraska, took the oath as new Democratic Senator from that State today, succeeding the late Robert B. Howell, a Republican, i NEW YORK. May 26 (A.

The third and last count on which Charlea E. Mitchell Is Accused of defrauding the Government of JS50.428 Income taxes in 1929 and 1930 was reached by the prosecution In Federal Court to-day. It concerns a payment to the former Rational City Bank chairman of from the management fund of the National City Company, which Mitchell admittedly did not enter on Ills Income tax return. The Government- contends was Income and subject to tax. The defense Insists it was an advance against expected profits, to be repaid if they failed to materialize.

The profits were not realized, but the Government bays Mitchell has not paid back the money. Frank W. Black, a former partner of Mitchell, who said, he had prepared the banker's tax returns "ever since there was an income tax," was examined on this point. Witness Quizzed on Details United States Atty George Z. Medalie questioned the witness In great technical detail as to the items included in Mitchell's return.

"Did you include an item of 67?" he inquired. "No, sir," Black replied. "Did such an item come to your attention?" "It did not." "Do you recall seeing on Mr Mitchell's books dated July 1, 1929, an item City Company M. Fund "Yes, sir." "Did you have any conversation with Mr Mitchell about it?" "Yes." "What was the conversation?" "My recollection is that Mr Mitchell called me in and that he told me with reference to that J666.666.67, which appeared in his cash book dated July 1 as received from the National City Company Management Fund, that it MORGAN UTILITY HOLDINGS BARED Continued From the First Fag percent of the Nation's electricity and gas business ana serving areas witn mora than 50,000,000 persons. The testimony, delivered in the oppressive heat of the Senate caucus room, showed that United Corporation received from Morgan Co at less than market prices, large blocks of utility stocks.

In return, United gave the Morgan house 600,000 hares of preferred stock, 800,000 of common and 714,200 in option warrants. Then, a few days later for $10,000,000 Morgan Co bought an additional 400,000 shares of common and 1,000,000 option warrants. The options cost $1 each and entitled the holder to purchase a share of United common at J27.50. Less than a month later these would have realized a $30 profit on the market. Glass Interrupts While Pecora was drawing this Information from Howard who sat Just in front of John W.

Davis, Morgan counsel, and George Whitney, partner, who testified all day yesterday and was about to contend the securities were issued "against the Interests of the corporation to the benefit of a small group of investors," Glass interrupted: "Wait a minute. I don't know what thin Is all about." Has there been any violation of Federal or State laws in issuing these securities?" Glass asked Howard. So, sir." "I have examined the minutes and I don't find at any time that the em pioyment of Mr Pecbra was author ised." Glass stated. "There is no question of the author ity in my mind," Senator Costigan, Dm, of Colorado, said. "I found no record of the employ went but that ia immaterial," Glass continued, "because I think the com It tee la satisfied with Mr Fecora'i employment." Senator Couzens, Rep, of Michigan asked Chairman Fletcher for a ruling or.

Glass' challenge of authority and Fletcher aaid Pecora was carrying out Instructions of the Senate. Glass accused Couiens of liking "to dig at me." Pecora Raps Agreement "This line of examination into the activities, operations and securities of the United Corporation," Pecora said. rising to his feet, "comes under that language or the senate resolution which directs an investigation into the 'issuing, offering and selling of securi "It has been shown 1,000,000 option warrants entitling the holder to buy common stock at $27.50 a share were amid to J. P. Morgan Co at $1 each, Already it has been shown that a few flays after this issue prices of the common stock on the exchange were Dearly double $27.50.

"These securities were Issued at terms certainly against the interests the corporation to the benefit of a 'mail group of investors." "Could you have made this statement to the subcommittee before this public investigation?" asked Glass. "As one member I would like to know so I Wouldn't waste valuable time listening to questions and answers of no importance to people of any intelligence." Pecora Gets in Dig at Pay submitted a questionnaire to the committee," Pecora replied. "Since then I ha.ve received no requests for Information from any Senatpr or the committee. Consequently I spent my time in New York. "I did not seek this assignment.

I appreciated and do appreciate the honor of being counsel for this committee. But I want to assure the Senator from Virginia that the compensation of $259 a month is no incentive to me to continue." There were outbursts of applause and then Glass said: I want to say that I was opposed to the counsel's compensation arrangement, I favored adequate compensation. I don't think the counsel is forking for $253 a month." I think he lie is working for something else." Costigan again Interrupted to say he appreciated "the efficiency of the ounsel" and that the inquiry "has en relevant and material." Fletcher stood up. fletcher Proud of Pecora "Mr Pecora came here at the in-wance of this committee," the chair-ton said. "He asked me later to pre- yesieraay morning ana, alter two re- cesses, when the hospital patients were given meais, tney aajourned at 4 o'clock last night.

HUEY LONG BLASTS SECRETARY WOODIN HlTits Rnnsp.VP i MIS Prt hT vy' vj His. Appointment WASHINGTON, May 26. (A. Senator Huev Long. Dem.

of Louisiana, attacked William H. Woodin as Secre- u.i, Ui u. ilcMUi, speech -today dealing with Woodin'a name being on the list of J. gan's privileged purchasers of certain mucus a.i Baigniu pnucs. x-riui no T- 1 kmIjS jVmhm not "condone any such rulership" as I has been shown in the Senate investi gation.

Long prefaced his speech by reading from a newspaper article quoting James Rooseveltr son of the President, nM UA Dfoolonf 1 as having "defended the unquestioned honesty and integrity of the House of Morgan In an address. -Referring to -the President's lnau- gural address ana nis assertion tne money changers" should be driven from nnwpr Tnn went ori: I "President Roosevelt is not respon- the nTonVv changers 'hae been put into the pulpit. He has not rrhiH ver in th wk and put Wall Street in the choir." a He referred often to Woodin by Secretary CLASS NIGHT PROGRAM nrn 11 CADrCMT CPUnfll Ur D. U. oAnbtN I OUMUUL The 90 graduating.members of Bos- ton University's Sargent School of juaucauon neia ineir nrsi u- lor week event.

Class XMignr, last mgni 1 in tne gymnasium in vioia 1 Cuggy of New York city oeiiverea 1 the class prophecy. The class will, written by Grace F. Hamilton, Bel-1 inum, auu xiupe uiiun, ouui i Sue was also reaa. 1 Skits burlesquing faculty members 1 BsfeicSy? PeTbody! president ot the senior class. I Move Up Day 01 the Sargent School win be observed this morning at 10 1 in the gymnasium.

Marjorle I Mar- I tin, Cambridge, is chairman, assisted by Marie Magnnnls, Baltimore Mar-1 garet and Marjorle Ionta, Ridlonvllle, I Me. and Virginia Parker. Brooklyn. I I QUnC aWn I CATUCD fiDni wi wt nnu iin 1 1 1v.11 I I FADS 0RRANI7AT nN WflRk! sr- saaa I In a statement on the pending Fed- eral industrial recovery and control legislation, (issued last night by' the XVew England Shoe and Leather Asso- I elation, Thomas F. Anderson, secre- tarjr of the association, declared, IN ever in the history of American in-1 dustry has there been so much inter- I gations should, be- payable in lawful currency of the United States and not in any specific To promise to do otherwise under the present circum stances would open the Government to severe and merited criticism.

"This, however, requires legislation amending existing statutes relating to bovemmem uuiiga-noiia. 11 is essential that all obligations of the Government, past -and future, be treated alike." Representative Byens of Tennessee, the Democratic leader, told the House the bill would be considered in the House Monday. Treasury's Gold Price Low The Gold Standard act of 1900 reaffirmed acts, under which specie payments were resumed after the World War, and provided definitely that all forms of currency Issued by the United States should be maintained at a parity with the gold dollar of 25.8 grains of gold, 9-10s fine. It is the avowed purpose of leading pewers at the World Economic Conference convening in London June 12 to reestablish the gold standard, and in this connection President Roosevelt has already been granted power by Congress to reduce the gold content of the. dollar by as much as 50 percent.

The price of gold as -fixed by the Treasury still, remains at $20.67 an ounce, although the value of the dollar in terms of other gold currencies indicated that in a free market, as exists in London, the value would be about 924.50 an ounce. Text of Gold Bill The resolution Is entitled, "To Assure Uniform Value to the Coins and Currences of the United States," and reads as follows: "Whereas, the holding of or dealing in gold affect the public interest, and are therefore subject to proper regulation and restriction; and. "Whereas the existing emergency has disclosed that provisions of ob ligations which purport to give the ob ligee a right to require payment in gold or a particular kind of coin or currency of the United States, or in an amount in money of the United States measured thereby, obstruct the power of the Congress to regulate the value of the money of the United States, and are inconsistent with the declared policy of the Congress to maintain at all times the equal power of every dollar, coined or issued by the United States, in the markets and in the payment of debts. To Pay in "Legal Tender" Now.therefore, be it Resolved -by the Senate and House of Representatives of the United States of America in Congress assembled, that (a) Every provision contained In or made with respect to any obligation which purports to give the obligee a right to require payment in gold or a particular kind of coin or currency, or in an amount in money of the United States measured thereby, is declared to be against public policy: and no such provision shall be contained in or made with respect to any obligation hereafter incurred. Every obligation, heretofore, or hereafter incurred whether or not any such provision is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts.

Any such provision in any law au thorizing obligations to be issued by or under tha authority of the United States, is hereby repealed, but the re- peal of 'any such provision shail not invalidate any other provision or au thority. contained in such law. (b) As used in this resolution, the term 'obligation' means an obligation (Including every obligation of and to the- United States, excepting currency) payable in money or the united rtates and the term 'coin or currency means going or currency or the United States including Federal Reserve notes and circulating notes of Federal Reserve tlons. banks and national banking associa Amends Emergency Act "Section 2. The last sentence of par agraph (1) of subsection (b) of section 43 of the act entitled 'An act to re lieve the existing national economic emergency by increasing agricultural purchasing power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to provide emergency relief with respect to the agricultural indebtedness, to provide for the orderly liquidation of joint-stock land banks, and for other purposes, approved May 12, 1933, is amended to read as follows: 'All coins and currencies of the United States (including Federal Re- servo notes and circulating notes of ederai Reserve Banks and National Banking Association) heretofore or hereafter coined or issued, shall be legal tender for all debts, public and private, public charges, faxes, duties and dues, except that gold coins, when below the standard weight and limit of tolerance provided by law for the single piece, shall be legal tender only at valuation in proportion to their actual NO MANCHURIA LEASE DECLARES DR SOONG Chinese Special Envoy Talks at Harvard "No Government of China will lease Manchuria to Japan for 99 years, or nine years, or any period," declared Dr Soong.

"China win make no set tlement, now or in the future, with Japan, by terms of which any permanent or semipermanent recognition of Japan's seizure of Manchuria is recognized. China may not have succeeded in holding Manchuria against Japanese attack. But Japan will have to continue it in the status of an armed conquest, and hence as an Impermanent holding." Last night, speaking In the Kirkland House Common Room at Harvard, as the guest of Prof James T. Addison, master of the house, Dr Soong repeated his views in more pronounced fashion. Dr T.

V. Soong, Finance Minister of the Chinese Republic and envoy ex traordinary to the United States, yes terday afternoon denied vigorously reports from Peiping that the Nanking Government is negotiating a 99-year lease of Manchuria to Japan. of at B. to Lying on his bed in a surgical ward at the Boston City Hospital yesterday afternoon, patrolman Michael V. Wal dron of the Back Bay station heard himself by his route partner as one of the men who ran out of a garage on Cummington st, Back Bay, recently after the theft of whisky and tires at the Kelly-Springfield Tire Company on Commonwealth av.

Waldron, it is claimed, was injured in his flight. The sensational testimony came at a private hearing yesterday when the ward temporarily was transformed into an official hearing room- for a police trial board on charges against patrolman Waldron and Ralph L. Co hen, also of the Back Bay station, of breaking and entering in the night time and larceny. The official police charges SOME UTILITIES STOCK HOLDINGS BY UNITED CORP WASHINGTON, May 26 (A. Here is an Insight into some utilities stock holdings by the United Corporation, which the Senate committee was told today is dominated by the house of jviuigan aiiu wuitn nas luieiesu in companies serving 2, percent of the Nation's electric and gas output: 1 p'centage of Company Shares Beld Shares Mohawk Pow 62.370 2.8 Public Serv, 988,271 17.9 United Gas 6,066,222 26.1 Columbia GE.

2,424,356 20.9 Comwith Sou.1,798,270 5.2 Elec Bond Sh 34,857 .67 Lehigh Nav 48,705 2.5 Con Gas of Bait 33,175 2.8 Con Gas of 203,800 1.8 United Corporation were those of public utility corporations?" "Yes." "What stock was Hhe United Cor poration authorized to issue?" "A total capital stock of 13,000,000 shares consisting- of 1,000,000 first pre ferred, 2,000,000 preference shares and 10,000,000 common." Howard said no first preferred had been Issued. He said 600,000 or the 93 preference stock had been issued and also 800,000 shares of common, all be ing- taken by Morgan and Company. The firm also received 714,000 option warrants entitling it to buy that num ber of common stock shares at $27.50 a share. "Each share had one vote," Howard said. "Who had control?" Peoora asked.

P. Morgan and Company," How. ard said. Moraan Keeps Books "Where are the books of your firm kept! Pecora asKea. "In the office of the Morgan Com.

nanv." said. Howard. "Have they been kept there since United Corporation; organization; "Who slens the checks?" "Since the last annual meeting In February of this year they have been signed by myself and Mr Ferguson, as treasurer," Howard said. He commented that the books were tmdnr the supervision of Leonard KeyeS, office manager for Morgan- Co, ana saia mat prior rewu. ary meeting li-eyes isignea mo vuevivo fni.

tha TTnited Corporation, After examining files to answer he aaid that the executive officers 01 tne corporation at the time or its iorma tinn were George Roberts, president Mr Ewinar. vice president, ana Keyes, treasurer. "Where is your "Tn Wilmington. Del." Howard re plied, adding there was an office at 80 Park pi, Newark, also. "Tn whose office ia the business of the corporation done?" asked Pecora.

"AH the meetings are neia ai ov x-ttin. pU much staff do you have there?" Senator Couzens, Rep, of Mich igan, asked. "An assistant does all the business?" "Of course we have discussions in New York, but the business is aone at the directors' meetings in Newark," said Howard "Tn whose office would these discus sions be held?" Pecora wanted to know. "In my office, pernaps in tax hub- neYou mean in Mr (George) Whitney's office, in J. P.

Morgan Co?" "Yes." "Where is your "At 15 Broad st." "It adjoins J. P. Morgan Co?" "Yes." TTnward testified that Keyes kept the United Corporation books and that he did not know "who made entries" in those. He said he now was out of "the legal business." "Is the Niagara Hudson Power Company a subsidiary of United?" Pecora asked. "'m "I would say rather tnat tne unnea has a large investment In Niagara," Howard said.

"A majority?" 1 "No." "Do you control Niagara?" "I don't think we control these companies." "You call control a majority ownership?" "That is legal control. You might say we have a great Influence." "You recognize that a minority may exercise a control?" "My conception of the United is that we do not want to control." "There ia no sharp division of opin est manifested in a pending piece rition was a move to "repeal the gold national, legislation." 1 I standard by statute." According to Mr the Shoe Fletcher said it would specifically and 'Leather Association isacting 'aJ a. clearing 'House of information on 1 this subject for kindred trades and I already has assisted inprganizing sev- I era! units hitherto unorganized." 1 The association, he said, is cooperat- I Ing with the Tanners' Council of America, the New England Council. I the United States Bureau of Foreign I and Domestic the Associat-I ed Industries of Massachusetts and I many other groups, including the Bos- I ton Trade Association Executives, 1 which is to have a special, meeting 1 st the rboms or the Associated Indus-I tries in the Park-sq Building Monday I afternoon. i I FEDERAL NATIONAL.

BANK MAY RECOVER ON CHECK The Federal National Bank of Bos ton won the right to recover X1350 on a check drawn by the Crescent Tan- nine- Comn.nv nd made payable to the order of S. H. Lippa of Salem, in an opinion handed down the Federal TM-frtr onnrt vterdv. 1 i. .1 a I afTerThe rwE14fcjW Thomas inflation court found that the Federal National Bank was a holder in due course and entitled to recover on the check.

Pine Tree Brings Relief MILWAUKEE (A. The pine cone soon will be used as a farm re lief agent. A pine seed extractory Is to be set up at Rhlnelander tn con-1 iunctlon with the nursery In Oneida. Pine cones will be dried I there and the seeds removed. Tne 1 cones will be purchased from farmers, 1.