| Show Probe Group Hears dears j 1 Fraud Data I I V WASHINGTON ASHINGTON March 1 UP I Carl Call G G. charged I Thursday that sonic some R F C officials ls I engaged In a deliberate li RC cy acy rl Jo to take the Corp away from him and g give gc c it to a aring aring ring which included E E. E Young husband of ot a White House typist is president of thed the d defunct e f fun u n c t prefabricated housing company Into which the thc R F Fe C sunk He said R F C Director Walter Valter L L. Dunham twice threatened to cl se the plant unless consented to to turn over control to the conspirators conspirators conspirators con I have been subjected to the most brazen and open conspiracy on the part part- o of ot certain officials of the R FC F-C and their man Oman Fridays Fridays' Fridays Fridays' Fri Fri- days days' that has ever been brought out Into the open in connection I with any government agency said testified before a Senate banking banking- subcommittee in investigating investigating in- in a web of influence lence which it charged affected the I Re Reconstruction e- e construction Finance Corp Refuses to Comment In a news conference held as the subcommittee went ahead with its hearings President Truman refused refused re- re fused comment on the I tion He previously pre had said that thata a a. first report b by the subcommittee under Senator J. J William Villiam Fulbright Fulbright Fulbright Ful Ful- bright D. D Df Ark was asinine In a page 14 documented statement statement statement state state- ment bristling with such expressions expressions expressions as blackjack methods and financial wolves said i the fact fael th that lt Young worked for F. F L L. L Jacobs Co while he also was an vice president of was one of the most unfaithful unfaithful un un- faithful and double crossing acts I have ever witnessed Rex Rc C. C Jacobs president of the Jacobs firm finn another R F Fe C borrower borrower borrower bor bor- rower also was was was' c cited ed as a key figure in the conspiracy ring that tried to take over which was closed by R F C court action last year Was Va It R F Fe C Examiner Young a rags to riches liches expediter ex ex- at one time was an R F C examiner This was before he held simultaneous jobs with the and Jacobs firms The latter Jatter is a Detroit metals plant It had a R F C loan The official said in his point by statement t that hat Ii a t since July 1949 when began operations I HI have ha been subjected to threats damaging ing publicity false prom promises a It personal liability suit and almost continuous pressure from the R P F all C-all all for forthe forthe forthe the single sing purpose of forcing forcing- me meto meto meto to rive give up my control of to a small clique including Mr tr Dunham Meil Merl Young and Rex Jacobs He said that when he refused a Ha deliberate and vin vindictive e campaign campaign campaign cam cam- camI I was instigated by R F C to force me entirely out of and to secure the stock control he and his wife held through foreclosure foreclosure fore fore- closure on Lushon and the threat of personal bankruptcy for me I |
