POLITICAL GRAFT.

Feilding Star, Volume 6, Issue 1352, 12 March 1928, Page 6

POLITICAL GRAFT.

FURTHER DISCLOSURES (Per Press Association). New York, March' 9. The. New York World states that witnesses to-day before' the Senate Oil Committee continue' to disclose how Liberty Imiids from the defunct Continental Trading Company wore passed on to the Republican Party, the Treasury and a group of prominent millionaires, including Mr Mellon, and the oil magnates undrewrote the scheme and advertised it widely on behalf of Mr Harding and Mr Coolidge in the foreign language

newspapers here. Efforts are now being made to

create a giant oil corporation with total assets of 500.000,000 dollars;

in which all the Sinclair interests will disappear from the names of the various corporations in which they are now interested, but will continue to own many millions of stock.

The' Sinclair Consolidated Oil Corporation and the Marlind Oil Company will he the prisipal factors in the merger which because of its huge extent, may possibly have to face action of the Federal Trade Commission along the lines which, more than a decade ago, broke up the vast Standard oil interests into constituent parts.