The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1921-08-04
SELLING OIL STOCK
BROCKMAN ARRESTED.
G. w. Broclunan Held to Answer
Charge of Breaking Idaho
Blue sky Law Hear
ing at Grangeville.

OF the country was arrested at
Spokane early this week and or
Monday evening was brought te
this city in the custody of his at
torneys, Nuzum & Nuzum of Spo-
kane, and Eugene Cox Of Lewis
ton, the sheriff at Spokane hav-
ing consented to this procedure,
said the Grangeville Globe Of
Jlly %.
The complaint under which the
warrant for the arrest of Mr..
Brockman was issued states the
following:
"That on or about the 10th
day of November, 1920, G. w.
Brockman did commit the crime
of selling stock with out COM
pliance with the law regulating
investment companies, which
said crime was committed in the
following manner: That at said
time and place said Brockman
then and there did sell stock of
the Texas and Northwestern Oil
Co, an Idaho corporation, and
which corporation had not COM
piled with the provisions of the
law regulating investment com
panies, and the said corporation
then and there not having per-
NIT authorizing it to sell stock
within the state of Idaho, and he
the said Brockman not then and
there having a permit autho1fz-
ing him to sell said stock within
the state of Idaho according to
law
Attorneys n. E. Nuzum and
Harold Nuzum arranged with the
sheriff Of Spokane county for the
delivery Of their client in answer
to the summons Of Sheriff Einsersl
of this county, and arrived here
Monday evening and on Tuesday
morning appeared before probate
Judge john Byron where exam
nation was waived by the de-l
fendant and he was bound over
to await the fall term of the dis
trict court, Judge Byron placing
his bond for appearance at $4,000
which was soon furnished by C.I
L. Bourland and Mackie Will
liams.
The complainant, Mr.. Me-
Adams, and a number of other
of this and the Lewis
ton sections, were represented
by Judge James F. Ailshie of
Occur d .Alene. According to the
statement given the Globe by Mr..
Nuzum "The attorney for the
plaintiffs is to receive 25 per cent
Of the sum involved which has
been given out at various
mounts, if settlement was effec-
ed without suit, and 40 per cent
f suit was instituted. F" He also
stated that two Of the parties
who had given notes for stock in
he company were to have their
paper returned to them because
he showing had been made to
Mr.. Brockman that they were !!
Unable to pay them; and further
hat Attorney Miles S. johnson
# Lewiston, the commissioner
representing this part of the
tate, had given the company IL
ense to sell their stock"
This is denied by Judge All
HE who emphatically remarked t
hat the company had not been e
riven license to sell stock by 4
Commissioner johnson and that a
tate Commissioner j. G. Fra h
ick had stated that lit probably Y
ever would be given license un-
er the showing that had been t
lade.' Il
There are several persons in a
his immediate vicinity affected a
Y the suit, and in connection
18th the investors of other sec n
ons meeting was held at Lew p
ton some time ago to formulate b
lme plan whereby they might a
e enabled to secure the return
f the notes given. This section
as represented at this meeting
i Walter McAdams, Roy Nail,
d Clark, and possibly others. Of
ne of the heaviest investors iii
le new company, which main al
lined offices in the rear of the
rangeville Savings & Trust Co. "
INK in the directors room, dur
g the period these investments
ere being made, just thirtekn eT
Tvs before that institution was ns
osed by the department of fl 81
lnce of the state, is John Baer
Lewiston. Mr.. Baer owned a
I'm mortgage for $4,000 and tu
me odd dollars and needed pl
900 cash to apply on home. Pr