Salt Lake Telegram | 1934-05-22 | Page 13 | Four Released in Stock Trial

I I I I FOUR RELEASED IN STOCK TRIAL Government Contends Company Company Com Corn pany Froze Out Investors Called Efforts to prove that Lester Rankin Sz Co sought to persuade investors to buy stocks promoted by the company company company com com- pany and then froze them out ut were renewed by the government Tuesday in federal district court Trial of Lester L. L Rankin and seven associates continued after alter charges against four defendants were dismissed dismissed dis missed Monday Monda afternoon on motion of ot Dan B. B Shields United States district district dis dis- attorney for lack of evidence The four defendants were Sherman E. E Sudbury William Weber Maurice Berman and Sam Levin Phone Official Called First witness for the government was John W. W Snell of the Mountain 1 States Stales Telephone Telegraph company com corn pany who testified the brokerage company incurred a telephone bill in six months of 1933 H. H C. C Pope architect described the theoffice theoffice theoffice office plan of ot the company company- in the Newhouse building Four former Rankin company compan em em- lone Powell Bernice Neeley Viola Fueger and Everett De Witt were called as witnesses Miss Powell former telephone operator op op- for the firm testified that one defendant Louis J. J Bowers told her herto herto herto to tell callers he was not connected with the company Phone Calls Transferred All long distance calls for Mr Rankin Rankin Ran Ran- kin were given to J J. J George Geore Wright a defendant who in turn referred them hem to salesmen she testified Mr De Witt testified that letters to investors did not change once duning dun dur- ing ng his employment and that there were about opinions on securities on file me He lie was c called to support a government government govern govern- ment contention the company's statistical statis statis- statistical ical department was worthless