By the Associated Press
Wilmington, Feb. 2—Lieut. Gov. W.B. Cooper of North Carolina, Thos. E. Cooper, his brother, Horrace C. Cooper, his son, and Clyde W. Lassiter were indicted by the United States grand jury here today on criminal charges growing out of the failure of the Commercial National Bank of Wilmington a year ago. The Coopers were officials of the bank and Lassiter was a customer. They are expected to go on trial Monday.
Lieut. Governor Cooper and Thos. E. Cooper are charged in one indictment containing 20 counts, with conspiring to embezzle and misapply funds of the bank of which they were chairman of the board and President, respectively. This indictment also charges them with aiding and abetting Horace Cooper, cashier of the bank, in making false entries in the books.
Another indictment charges the Lieut. Governor and Thos. E. Cooper with conversion of funds of the bank. This indictment contains 13 counts. A third indictment also containing 13 counts, charges Thomas E. Cooper with conversion and misapplication of funds, and making false entries.
Thos. E. Cooper and Lassister, a depositor, were charged in the fourth indictment, with abstracting and misapplying funds of the bank. This indictment charges Horace Cooper with making false entries in connection with transactions between the President of the bank and Lassiter. It contains 7 counts.
Horace Cooper is named in a separate indictment containing six counts charging him with converting and misapplying funds of the bank, and making false entries.
From the front page of the Concord Daily Tribune, Saturday, Feb. 2, 1924
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