| Show House Group Splits On L I V WASHINGTON HINGTON OC Oct 1 UP UP- UP The h house sc ways and means committee committee com corn splitting on party ariy lines Monday Mo day filed two conflicting reports reports reports re re- re ports on on Its investigation of Elliott Roosevelt's publicized much loan The Democratic majority said that it does not feel justified in challenging the treasury's action in permitting the chain store executive executive executive exec exec- who vho made the loan to take a bad debt Income tax ta deduction on the unpaid portion of It The Republican minority said the treasury's action Is contrary to sound public policy and to its own tax laws and regulations Look Looi to Elliott If It the executive President John A. A Hartford of the Great Atlantic and Pacific Tea Co is allowed to take the deduction the Republicans Republicans Beans said then Elliott and his former ormer wife Mr Mrs Ru Ruth RU h G. G Roosevelt Roosevelt Roose Roose- velt should be comp compelled to pay the government for its loss lOBS of revenue The Republicans said fjald the late President Roosevelt lt played an important part in In helping Elliott obtain the J loan an and in effecting a settlement of the debt for 1000 2 At the time tim tl the e loan was made madea a a bill wa waS wai pending before the house ways and nind means mean committee committee com corn to Impose a a special excise tax on chain stores According to its sponsor Rep Wright Patman D D. T Tex thI this bill would have levied an annual tax of ot on Hartford's concern the concern the A. A P. P Co Vigorous V Opposition In the t fac f vigorous opposition opposition opposition tion from th the administration the the Republicans RepUblic ns said said- the bill died in committee 3 At Atthe the time tune of the settlement of the debt Hartford was was' given to understand that the 2000 shares of ot Texas state stat network stock that Elliott had put put- up as 83 collateral for his loan were worthless Hartford Hartford Hartford Hart Hart- ford turned over the shares to Jones when ho he received tho the Elliott himself testified ed that the 1944 1914 value of the stock was lOO a share One of or the Republican members of the committee Rep Thomas A A. A Jenkins of ot Ohio issued his own statement in which he quoted Hartford as saying he made th the thc loan because he didn't want to incur the enmity of or the late chief executive Jenkins Jenkin asked that his statement state state- ment be placed in the Congressional Congressional Congressional Record The Republicans quoted Hartford Hartford Hartford Hart Hart- ford as saying that he made the loan to Elliott only because his father the late president practically said cally asked me roe to They Hartford did not press for a larger settlement because he not not want to embarrass embarrass' the president Clearly Clearl as the case now rests reals the federal treasury stands to lose Jose the Uie tax ta on on the Republicans cans said That must not be perI per per- I mUted If It Hartford Is ia entitled to 3 a ded deduction cUon of on his Ida gross grOBS in income ome positive steps should be taken to c collect the t tax x on on n from Elliott and his former former for for- for for- mer wife Mrs Ruth G. G Roosevelt Roosevelt Roosevelt Roose Roose- velt Assail AssaD Com Committee The Republicans bitterly assailed assailed assailed as as- sailed the committees committee's handling of the case They said that it has barely scratched the surface in attempting attempting attempting at at- tempting to fix the liability for tor payment of the income tax on the The entire affair is now shrouded shroud shroud- ed in a no confusion of at conflicting opinions they said Their report asserted that 1 The late president presIdent- not only played an important part in effecting ef Cl- feeling the payment of to his son aon by Mr Hartford Hartford- but buthe buthe buthe he went further and initiated the settlement for 1000 1000 by former Secy of at Commerce Jesse Jones |
