ALLEGED CRAFT

Gisborne Times, Volume LXXIII, Issue 11539, 16 January 1932, Page 5

ALLEGED CRAFT

CHARGE AGAINST U.S. TREASURER. BUSINESS TRANSACTIONS AS MINISTER. U.P.A by Elec. Tel. Copyright.) WASHINGTON, Jan. 14. The Secretary to the Treasury, MrA. AY. Mellon, was charged to-day in the House of Representatives by Air. Wright Patfaan,' Democratic’ member for Texas, with taking part in the credit extension to Columbia arranged by New York bankers. At about the time a large oil ■ concession was granted, Air. Alellon owned the Gulf Oil Company. •

A motion seeking the impeachment of Air. Alellon was introduced in the House of Representatives on January 6 by Air. Patman, who based liis charges on a statute of 1789, which forbids the head «f - the Treasury to engage in commerce. He said: “Air Mellon owns voting stock in 300 corporations with combined assets of throe billion dollars.” He criticised the granting of tax refunds-to concerns in which Air. Mellon owned shares, and said the Treasurer had received profits from the sale of distilled whisky. Air. Patman also stated that Air. Alellon was the principal owner of the Aluminium Company of America. He declared that more aluminium was used now- in the construction of public buildings than ever before.