Salt Lake Telegram | 1927-01-06 | Page 16 | Woods Admits Huge Rail and Coal Holdings

I W oads Admits Huge Rail and Coal Holdings w m Jan 6 AP- AP I Cyrus E Woods nominated by Pr r Coolidge for tor the Interstate commerce told a senate senate sen- sen ate committee t day that ho has has' holdings or of nearly In railroad railroad rail rail- road and coal CUlI companies Replying to Senator Wheeler Democrat t. t Woos Woods listed the following bond holdings anla railroad Norfolk Western Atchi- Atchi son Union Pacific Northern Pacific 25 He said he also held 00 shares ot of Pennsylvania railroad stock or of a apar apar par value of 50 per share I shares or of the Pittsburg Coal company corn com pany and about the same number In the nd Coal company compan I which has holdings In West Vir- Vir ginia Of OC course I shall divest m myself seltot ot of an all ot of these bond and stock holdIngs holdIngs hold hold- Ings as requested b by law Ir if I Io go on the commission Woods said Previously under questionIng questionIng- b by Senator Golf GoU Republican West Vest Virginia Mr Woods had told the committee that h he was attorney years ago foz the Pittsburg Coal company and ln one Instance had been an attorney on recordS record for forthe forthe the company In ipa a before the Interstate commer commerce e I. I slon sion Who owned tHe Pittsburg Coal company Gaff Goft asked Oh there was a diversity of ownership Tell Teil us some ot of them HARD TO REMEMBER Woods hesitated and then said It waS waS' difficult to recall but did I not think the Mellons had any substantIal sub sub- rest lIe He explained amid lau laughter that he ned I the Mellons b cause he the question was dIrected to that Turning to Woods Woods' experiences as ambassador to Japan Senator Goft Goff asked him about the heroic services ser ser- vices lc c rendered at the time of the Japanese earthquake The Cormer former for for- mer ambassador replied that It was embarrassing to talk about that but i Goff said he wanted the committee and the country to know or of Woods Woods' I splendid servIce at that time The Thc former ambassador then related re- re I what was done by the embassy em- em bassy force in relief work and told or of his own narrow escape from S death The first relief came in iii under the American flag he said and I Ineer never ne felt so proud of my Amen Ameri- Since he hc left Japan he sa said 1 1 he had spent his time looking after fter his own affairs I Goff GoC then asked the whether as attorney for tor the I Pitts- Pitts bUlgo Coal company he ever had appeared appeared ap- ap before the Interstate commerce corn com merce con Woods said a complaint was med filed by vania anla coal operators and he appeared appeared ap- ap as an attorney or of record but engaged other lawyers lawers to conduct the case Asked If he had any experience In inte tile te matter of valuation ot of railroads Woods said he would go on the commission corn com mission without any preconceived ideas on this his or other Questions