Salt Lake Telegram | 1939-08-28 | Page 13 | Gibbs Petition for Continuing Case Granted

GIBBS PETITION FOR CONTINUING CASE GRANTED Bond Company C Official Charges Political persecution n Cha Charging ging that he is being subjected sub sub- jetted to ti political persecution Lauren W. W V. V Gibbs chairman o othe of the board of ot the Laur Lauren V. n W. W Gibbs Gibb company Salt Lake City City ty bond bon 1 dealers made a successful application application application I cation Monday for a continuance of his case before the state securities securities ties commission The Gibbs company faces face charges of se selling ling refunding bonds bond t to a state agency before all alJ o othe of the old Issue had been retired am and of selling bonds that had not been beer properly authorized by the board boan of trustees s of Aurora city in Sevier Se Se- vier county The first bonds wen re reMount Mount Pleasant municipal issues Out of City In applying for the continuance continuance continuance ance Mr Gibbs said that hat his attorneys attorneys attorneys at- at Henry D D. Moyle Moye and H H. L L. were out of the city and unable to attend a hearing The commission suspended the dealers dealers' license of the firm several several several sev sev- eral weeks ago and cited the company company company com com- pany to show cause why its license li license license li- li cense should not be revoked The hearing learing was to have been held Monday We were startled last week to read read ead sensational newspaper claims of f purported wrongdoing on our part sart as alleged by a report made to iO you by Auditor Carey R. R R. R Care Carey special deputy state auditor auditor auditor audi audi- tor Mr Gibbs said in a letter to the he commission We had thought since the indictment Indictment in- in fiasco referring to to acion action action ac- ac tion ion of the last Salt Lake county grand jury winch which indicted Mr Gibbs- Gibbs that the office auditors auditors auditor's office had lad abandoned pressing its political political po- po propaganda by public harassment of our institution he said aid Mr Gibbs said that the auditors should hould have known that municipal bonds are exempt from the state statutes Referring to Mr Carey Mr Gibbs continued He knew that there was no deliberate act of wrongdoing in inthe inthe the he clr circumstances of which he complains H He rib no o one e ewas was vas harmed that harmed that no one was de- de pro pr defrauded d and he knows that hat the most that could be said of f his hrs S ris char charges es is that thata a a L technical violation of the stat- stat statute statute ute ite If any at all might have been node made Grants Request The commission granted Mr Tibbs' Tibbs request and reset the hear- hear hearing ing ng for Tuesday September 5 at 9 a. a m. m m Mr Gibbs agreed to pay ny any additional c cost st for witnesses that that hat might be incurred as a result re- re suit sult of the continuation In his letter Mr Gibbs added P S. Incidentally we believe he the public will be as happy as ourselves ourselves our- our selves elves when these political perse- perse leave the entire front frontage frontage page age to Hitler Witnesses were brought from Aurora for the hearing but those Prom from rom Mount Pleasant were noti- noti notified notified fied of the continuance in time timeo timeto timeto to o prevent vent them from coming here sere ere