Show BANK PROBE LINKS MADOO M ADOO Dr fly Associated Press Prell WASHINGTON Oct 11 Senator ll-Senator Senator McAdoo D. D CaL Cat was named to senate senate senate sen- sen sen sen- ate investigators today by a member of Dillon Read Co as counsel for tor forthe forthe the concern wh when n it floated a 12 South American loan in 1921 now in default The bonds floated by Dillon Read Co for Rio de Janeiro are now selling for lor 16 on each par value Robert O. O Hayward member of the firm Irm said McAdoo was counsel in straightening out a legal difficulty to permit Dillon Read Co to handle handie the Issue Hayward Hay said another American firm then in receivership had an option for lor all of Rio de Janeiro's financing It was provided that be paid to the bankrupt firm for waiving Its opinion Hay vard said adding that McAdoo o later aided in drawing up the contract Clarence Dillon senior partner of Dillon Read C Co J. J testified that most of the losses by his firms firm's investment trusts were in stocks in which di directors directors directors di- di rectors ot the organizations were in in- in The genial banker qualified his statement however by saying the In Investments investments investments in- in vestments were not made Jn n these stocks because the directors were in interested interested interested in- in in them but because they were regarded as good securities Just previously he said it was a general practice to sell securities at atthe atthe atthe the end of the year for tax tac p purposes and that it had a depressing effect on the market |