Greensboro, June 7—The names of the 19 persons who are made defendants in the true bill of indictment presented here Tuesday, June 3, by a federal grand jury in connection with the sale of more than $1 million in stock of Bailey Brothers Incorporated of Winston-Salem, large tobacco manufacturing concern recently dissolved by court order, were ascertained last night.
the bill of indictment, containing 16 separate counts, is a voluminous document of 10 closely typewritten pages. Among numerous charges preferred it is contended the officers of Bailey Brothers Incorporated and those who sold stock in the concern during the period from August, 1921, to March, 1923, made fraudulent use of the mails in promoting the sale of stock.
Following Is List
Following is the list of those under indictment:
Fred Bailey
C.B. Bailey
Frank R. Bailey
P.S. Bailey
M.D. Bailey Sr.
Reginald Bailey
Tom G. Taylor
Webb S. Alexander
Edward Arnold
H.S. Baucum
M.L. Crewe
E.A. Ewing
Frank P. Goodwin
Joseph H. Gwynn
Glenn Harris
T.J. Hatchett
Y. Heflin
S.H. Hendrix
A.H. Huggins
E.W. Jordan
C.E. Humphries
Dr. H.G. Larsen
Frederick J. Lassiter
George Leach
C.B. McBrayer
Glenn M. McCall
E.G. Matthews
Lawrence Matthews
F.G. Middlebrook
C.T. Moser
W.E. Nissen
J.C. Pass
Samuel F. Penry
Jack Quimby
C.W. Rawlings
James M. Richardson
D.H. Shoaf
Edom Smawley
Henry A. Tuttle
J.C. Vining
L.H. Underwood
J.B. Waldrop
E.L. Webster
H.V. Whitlark
B.F. Williams
John G. Wimbush
John M. Woltz
Jule Young
The seven persons first named are listed in the indictment as officers and directors of the defunct company while the other persons mentioned, it is claimed, assisted in promoting the sale of the stock which the government is contending was worthless.
Officials of the United States court Tuesday, when the indictment was presented, refused to divulge the names of the persons indicted and would not permit newspaper representatives to read the charges.
From page 2 of the Wilson Times, June 10, 1924
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