ELECTRICAL

Stratford Evening Post, Volume XXXVI, Issue 32, 12 June 1913, Page 5

ELECTRICAL

DEALINGS IN MARCONIS. | A CABLE FROM QUITO, [By Electric Telegraph—Copyright] [United Press Association.] (Received 9.40 a.m.) London, June 11. 1 The Master of Elibank cabled from j Quito communicating direct with the j committee. PRESS OPINIONS. The Manchester Guardian says that though there was no trace of dishonor it was unwise of Sir Rufus Isaacs, Mr Lloyd George and the Master •of Elibank to buy American Marconis, and even more unwise lor the Matter of Elibank to \r y on be 1 alf of die Liberal Central Association. The manner in which the facts were disclosed was disconcerting. Harmless facts hurt if drawn out like teeth. Most blame must be put on the Master of Elibank, who is within his rights in staying away, but the paper would not advise him to let it appear as if he thinks his private affairs are more important than urgent public ousiness. 9 The Daily Chronicle says: The Master of original indiscretion I and subsequent concealment were} both wrong, but neither corrupt nor selfish. There must be some reconsideration of the system of placing party funds .at the secret and uncontrolled disposal of one individual. EVIDENCE AT THE INQUIRY. Frabbe, an accountant in the National Bank, gave evidence under compulsion before the committee despite the fact that he was hound on oath not to reveal particulars of customers’ accounts. He said cheques covering the purchase of 3000 American Marconis were drawn on a special account different to the Master of Elibank’s private account. Witness read the Master of Elibank’s letter showing that the special account was a political one. Captain Murray, an alert soldierly ffgure, who was evidently determined not to go beyond the written statement previously cabled,.-explained that as the committee were aware, the Master of Elibank purchased American Marconis. The Captain thought it was necessary to mention the purchase of others, considering that the number of shares made little difference to the disclosures in the Le Matin case. He wrote to the Master of Elibank saying that he thought it was unnecessary to return. The Captain said he had heard that Fenner had absconded with other securities other than the American-Marconis, but refused to say whether these concerned lliingsworth. The Daily Mail says that whatever Sir Rufus Isaacs and Mr Lloyd George thought regarding the transactions being too trivial to tell I’ailiament in October, the Master of Elibank considered it better that the investment of party funds in Ameri-can-Marconis should be kept secret.