Salt Lake Telegram | 1938-11-17 | Page 1 | Former Chicago Broker Faces Prospect of Life in Jail because of $35,000 Debt

Former Chicago Broker Faces Prospect Of Life in Jail Because of Debt CHICAGO Nov 17 INS The INS The prospect of spending the rest of his life Ilfe in jail because of a debt faced Raymond E. E now today The year old former Chicago brol broker er is already known as the forgotten man manof of the county jail because of the three years he has spent already behind bars Now a salesman he claims to tobe tobe tobe be virtually broke and unable to meet the bill With a ruling handed down by the state supreme supreme supreme su su- su- su preme court court yesterday to lock him up only chance to retain his liberty appeared today today today to to- day to lie in action by the federal court His attorney said a fight against the jail order would be staged on the ground that it violates now's constitutional rights admitted obtaining th the money from his time one-time lawyer lawyer lawyer law law- yer the late William Willlam Garnett Gannett He Be said it had been made as a loan in the form of securities With some of his own he pledged them themas as collateral with a bank but was caught in the stock crash and lost the entire amount Garnett had died in the meantime meantime meantime mean mean- time and his estate sued for the money at first re refused refused refused re- re re- re fused to reveal what had happened happened happened hap hap- to it and he was jailed for contempt of court After fter numerous efforts to re release release release re- re lease him had failed Judge Harry HarryM M. M Fisher ordered him freed in 1936 but representatives of the estate carried the case to the higher court on the ground ind that had wilfully refused to topa pa pay when he was still able re regardless regardless re- re of his present wealth