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Because of the status of the Merchant Fleet Corp. as a body responsible primarily to the U. S. Shipping Board whose officers were its managers, Congress never until last week received an audit of the corporation's books. When that audit came, from Comptroller-General John Raymond McCarl, great was the shock to watchdogs of the public treasury...

Author: /time Magazine | Title: SHIPPING: Expensive Elephants | 10/14/1929 | See Source »

Without naming names, Mr. McCarl cited instances to show how great were the sacrifices, how shocking the business management, in some of the corporation's white elephant sales in 1922, 1923, 1924, 1925. For example...

Author: /time Magazine | Title: SHIPPING: Expensive Elephants | 10/14/1929 | See Source »

...McCarl report did not charge malfeasance, but President Hoover straight way ordered Attorney-General Mitchell to discover whether there had been any violation of the law. The President was careful to point out that all the instances cited were "prior to this Administration." As many citizens recall, President Coolidge was constantly prodding the U. S. Shipping Board to get rid of this floating white elephants...

Author: /time Magazine | Title: SHIPPING: Expensive Elephants | 10/14/1929 | See Source »

This was meant partly as a crack across the knuckles for U. S. Comptroller General John Raymond McCarl, who, as chief of the General Accounting Office, stands at the outgoing end of the U. S. budget system. Never a harmonious team, the Messrs. Dawes and McCarl took hold of the newborn budget and accounting system simultaneously in 1921.?Said General Dawes: "The Comptroller General . . . has thus far failed in carrying out the accounting purpose of our present law. We have in the U. S., therefore, only the old-fashioned and entirely inadequate cash accounting system...

Author: /time Magazine | Title: FISCAL: Dollar Doctors | 5/13/1929 | See Source »

...Washington Comptroller McCarl bit but held his tongue. The most officially unpopular man in the Government, he is hardened to abuse...

Author: /time Magazine | Title: FISCAL: Dollar Doctors | 5/13/1929 | See Source »

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