Clipped From The High Point Enterprise

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 - Anti-Trust Violations By Tobacco Industries Are...
Anti-Trust Violations By Tobacco Industries Are Found In Kentucky . LEXINGTON, Ky., Oct. 28 —The tobacco anti-trust trial that cost approximately $1,000,000 and lasted 20 weeks has ended in conviction of three o'' the nation's major leaf companies, one subsidiary subsidiary and 13 executives. A federal court jury late yesterday yesterday convicted R. J. Reynolds, Liggett and Myers, and the American American Tobacco companies, the latter's latter's subsidiary, American Suppliers, Suppliers, Inc., of Louisville, and the 13 officials on four counts of criminally criminally violating the Sherman Anti- Trust Act. The charges were: Fixing pi-ices and suppressing competition, conspiring and combining combining to monopolize the billion dollar tobacco industry, attempting attempting to achieve a monopoly, and achieving it. Six executives and one subsidiary subsidiary were acquitted. Left temporarily temporarily unanswered was the fate of five other tobacco firms. 21 subsidiaries subsidiaries and 12 executives, all codefendants, codefendants, who remained out of the trial under an agreement to accept penalties it convictions resulted. resulted. Federal Judge H. Church Ford deferred imposition of sentences pending a conference today with prosecution and defense attorneys. Maximum sentences that could be impoed were-fines totaling $20,000 $20,000 each for each of the four convicted convicted companies and the 13 executives. executives. Each of the latter, in addition, faced possibly maximum prison terms of four vears. These executives were convicted: convicted: American Tobacco—George W. Hill, president; Paul M. Hahn and Vincent Riggio, vice-presidents, all of New York. Reynolds—William N. Reynolds, executive committee chairman; S. Ciay Williams, board chairman. James A. Gray, president; Edward A. Da IT and James W. Glenn, vice-presidents, ._all of Winston- SaJem, N. C. Liggett and Myers—James W. Andrew*;, president; William A. Blount and George W. Whitaker, vice-presidents, all of New York and Edward H. Tliurston, St. St. Louis, vice-president. American Suppliers—James E. Lipscomb, Jr., president, Louisville. Louisville. Judge Ford, in dimissing the jury, consisting of a high school principal and 11 small-town businessmen, businessmen, expressed belief that the jury returned an "honest verdict." THOMASVILIE HIGH SCHOOL ELECTS STUDENT OFFICERS - (Special to Ttie Enterprise) THOMASVILLE, Oct. 28. — election at the Thomasville High School has just been concluded and the list of new officers include the following: C. M. Bodenheimer, president of the senior class; Calvin Atwood. Atwood. vice-president of the senior class; Jennie Ruth Morrow, secretary-treasurer secretary-treasurer of the senior class; J. C. Green, Jr., president of the junior class; Nell Swaim, vice- president of the junior class; Jack Gilliam, secretary-treasurer of the junior closs. • Judith Owen was elected editor- in-chief of the high school paper, "Facts and Fun," while Ted •Hethcock, Jr.. was elected associate associate editor. Charles GilHam was selected as business manager.

Clipped from The High Point Enterprise28 Oct 1941, TuePage 3

The High Point Enterprise (High Point, North Carolina)28 Oct 1941, TuePage 3
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