Show SECRETARY TAFT FORCED TO RETRACT STATEMENT High Mogul of the Panama Canal Takes Back What He Said SaidI I Regarding the Pacific Mail Company to House HouseS S SubCommittee Washington Jan Tan 29 Secretary Taft today addressed the following g letter to Representative Littauer of th house committee on appropriations S In my testimony before the sub subcommittee subcommittee committee on deficiencies of the appropriation p committee of the I house I Imade Imad Imade made mad the statement that one of the reasons why another American line could not easily compete with the Pa Pacific Pacific Mall lIaU line in the business between Panama and San Francisco and in intermediate Intermediate ports was ivan that the Pacific Mail company had agents at the Cen Central Central tm American and Mexican ports and did In a sense a banking business of or ofa ora o oa a factor business furnishing capital to coffee and other plants to assist them in doing their business and this gave them a good will and a position of advantage which any other line Une would find great difficulty in wresting from them Though I did not intend to criticise the Pacific Mail Mall for this meth method od of business it has been so construed in some of the n newspapers of the west western ern em coast I now have definite Information that I have been misled in respect to 1 the business of the Pacific Mail Mati at Central American and Mexican Me i n ports and they do not do either a factor or banking business at any ny of those ports and never have I am glad to with withdraw draw drw dr W this erroneous statement which has bas been used to the prejudice of the Pacific Mail line The above letter was written after a conference on its subject matter be between between between tween Secretary Taft Ta t and Mr Schwer Schwerin in of the Pacific Mail Mall company |