Greensboro News
Charges against J. Doughton, former president of the People’s National Bank of Salisbury, now in business in Raleigh, went off the docket by the nol pros route yesterday here in United States Court, Western North Carolina District.
District Attorney Frank A. Linney of Boone, nol prossed the charges of violation of the national banking law. There were two such cases, one where Mr. Doughton had been indicted jointly with M.L. Jakcwson, formerly of Salisbury, and another where he had been indicted singly.
Mr. Doughton had stood trial on one such charge, where he had been indicted with J.D. Norwood, formerly of Salisbury. He was tried wit Norwood at the last December term of court here and won a directed verdict of acquittal.
A charge of violation of the banking law, brought against Mr. Jackson, was also nol prossed yesterday and he is cleared of any charge. Only one such indictment had been returned against him.
These indictments were returned by the federal court grand jury here in February, 1924. Norwood was tried here last December, first singly a mistrial resulting, and then tried with Doughton. He was convicted and sentenced to serve three years in the federal prison in Atlanta. He appealed, and his appeal is scheduled to be argued at the next sitting of the United States circuit court of appeals at Richmond, when three judges will hear appeals.
One case against Norwood was yesterday ordered continued until the next term of court.
The People’s National Bank of Salisbury was closed on June 8, 1923. Doughton was president of the bank.
Norwood was chairman of the board of directors and president of the Mecklenburg Mills Company, which operated a chain of four cotton mills. Jackson was a director in the mills company. The bank was found to carry a large amount of the paper of the mills company, which failed at about the time the bank failed.
From page 2 of The Concord Daily Tribune, Saturday, June 11, 1926
newspapers.digitalnc.org/lccn/sn92073201/1926-06-11/ed-1/seq-2/
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