Salt Lake Herald-Republican | 1913-04-05 | Page 22 | Pair of St. Louis Promotes Found Guilty of Fraud

LIR MR OF ST. ST LOUIS LOUiSr FOUND r I GUILTY OF FRAUD l iS So Corn Corn- vin Insurance Companies Com Com- pam a Sold on False Representation Ae e resen Cation T T LO LOUIS S f April J H n 4 Henr Henry M 2 M. M C Cou- Cou ou- ou S. S ST ST. dr SrO f former f. f congressman n and und G Gardner ergo found toun Harry B. B Bl guilty In tho the fe df t court lato late this afternoon of U using tho o alls to de de- de fraud Tho er was reached after twentY PUt hours hours' deliberation by tho tiro j jury Attorneys Attorneys for forthe n asked ko that sentence be deterred deferred a and that th the prisoners pris- pris onen bo be allowed their lher U ert y on n theIr present bonds This request deby dc- dc I S Presiding Judge Who oho said nIt by t of That that to secure a I writ a a. of must bo be m filed el pill bill 1 formal n h Tho A Prisoners prisoners then were reman remanded ed to toI tomar U t tes marand mar- mar the I tho custody of the I i. i Coudrey Coudre and Gardner f Here c eed I defraud in the to malls mails I with using the tho promotion of ot what hat cu came to be kno known n i the twin Insurance companies tine the the as Assurance company or ot Continental Life America and the international Fire A Assurance As As- I Durance company company of ot America Both Both companies went vent Into tho hands of ot ro- ro l Evidence was Introduced at nl tho Cho trial to prove that stock in the tho twin companies companies companies com com- was wag sold throughout the tho country coun- coun try boy and that hankers bankers in small towns town were induced to tat take o stock tock on th tho th Promise that thul funds o of tho the companies would bo he deposited In their h banks It wa was charged charge that tho the promoters of the tho companies les made l misleading state state- monts about the cOncerns in letters thc they sent out The Tho maximum sentence for each each tle- tle defendant is IR 1600 fine fino four tour or a and a half years years' imprisonment or both