P. M. Lamberton's Indictment Dismissed

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P. M. Lamberton's Indictment Dismissed - Feb. Kruis Fla., four max today of here. sor-...
Feb. Kruis Fla., four max today of here. sor- bedsides the expect. Roosevelt LAMBERTON'S INDICTMENT DISMISSED Tucker Gets Term 'Anil Fine; Longoria'* Suspended IS. 3. Tucker, vice president and * cashier of the closed Merchants' · National bank, was sentenced to 15 months in the industrial Reformatory Reformatory at ChlJlIcothe, Ohio, and fined $1,000 hero Monday morning by Fed. Judge Eoynton when the former former bank official pleaded guilty t5 the first six counts in the 12-bill indictment indictment against him. Benito Longoria, assistant cash- - ier, pleaded guilty to the samei counts counts and was given two years suspended in the Industrial Reformatory Reformatory and fined $500. · lamberton date Dismissed The government dismissed as t£ P. M, Lamberton, who was jointly "I am very glad that tho indictments indictments against P. M. Lamberton Lamberton were dismissed by th« government this morning," John M. Young, receiver for the Merchants National bank stated to The Herald, "as in my opinion there was no intent evidenced by MJ-. Lamberton which would support the allegations made i» the indictments." Mr, Young as receiver foK the bank worked with the government government agents who secured tho evidence on which the Merchants Merchants Bank indictments were based. indicted with Tucker, Longoria and John Gregg, president of the closed .nstitution. In addition, to the sentence fo* Tucker, he was given a two year · suspended term to begin at the expiration expiration of tho is months sentence. The case opened'with the government, government, represented by Asst. U. S, Atty. Carlos Watson, moving to dismiss dismiss as to Lamberton and dismiss* ing the last six counts of ths Indictment Indictment as to Longoria and Tu«k- er. The first six counts against these defendants alleged false reports to banking authorities. Watson opened by generally reviewing reviewing the case, saying the alleged false entries were made by JuggUrig accounts between the teller's cash, and sundry bank accounts in ordev to cover excess loans to Gregg. Watson Watson said these Irregularities had been traced as far back as 1922. loyalty Brought Out Harbert Davenport, counsel for Longoria, then spoke for Ms client. Gregg, the attorney said, befriended befriended Longoria as a youth and was instrumental instrumental in his education at the University of Texas. Because of this and their later association in. the bank, Longoria was extremely r loyal to the bank president, Davenport Davenport asserted. He knew of the items being juggled, and on several occasions started to report them, but was restrained by his fidelity to his friend, Davenport stated, "He has thoroughly learned his lesson," and has been punished already, already, the attorney stated. He pointed out .· that Longoria was a Mexican citizen and that his application application for U. S. citizenship had been stopped because of his indictment, indictment, ·Received No VrotW H. B. Galbraith, attorney for Tucker, spoke briefly, reviewing · the former bank official's life and his association here with Gregg. Tucker, Tucker, Galbraith stated, did not profit in any manner from the false entries entries to which he had pleaded guilty. The Brownsville man had repeai- edly called Gregg'.; attention to the excess loans, the attorney declared. Galbraith said Tucker was entirely entirely honest but was driven into the acts by the strong will of Gregg, "a man who was quite autocratic in. his manner of handling Che bank." Tucker then spoke for himself, stressing the fact that he had to work, for a living almost from boyhood. boyhood. The former bank official said he came here from. Mississippi in 1913 and became associated with- the Merchants National. He stressed stressed the fact that he was not very ex* perienced as a banker and that he, learned most of his banking from Gregg. ·Barely Noticeable' "The changes i n - the cash items (in Gregg's accounts) came so. gradually gradually that they were barely noticeable," noticeable," Tucker said. Tho defendant' declared that he always though (Continued from Page Six)

Clipped from
  1. The Brownsville Herald,
  2. 20 Feb 1933, Mon,
  3. Page 7

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  • P. M. Lamberton's Indictment Dismissed

    mhlamberton – 05 Apr 2013

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