Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1922-11-08
$4,000 FINE FOR TWO MEMBERS
or Old Courtenay Company - Two
Others Draw $4,000 Each.

lGreenville, Nov. 1.-Henry Rut-
ledge Buist and Ashmead Courtcnay,
OF Charleston, and St. John Courte-
nay and Campbell Courtenay, Of CO.
lumbia, cotton manufacturers, plead
ed guilty to indictments in the Uni
ted States District Court here to-day
charging attempts to defraud and
evadc individual income taxes
Campbell Courtenay and st. John
Courtenay were sentenced to pay 4
fine OF 900 each or serve eight
months each in the Grcenville cOun-
ty jail, and Ashmcad Courtenay and
Henry X. Buist were fined $4,000
each or four months in the Grccnville
county Jail, the sentences being i'm
posed by Judge II. Fl. Watkins in
the United states District Court. The
four prominent men had entered
pleas Of guilty to indictments charg-
ing them with evasion of the Federal
income tax laws.
To-day'S court action rang down
the curtain on the first case OF its
Kind to be brought in South Caro-
Ina since the enactment Of the Fed
eral income tax law. They were the
principal stockholders in the Cour-
tenay Manufacturing Company which
was sold in 1920 to the Isaquecna
Mills Company for $l.200, 1000.
The prosecution by the govern
mcnt for the alleged evasion OF the
tax laws grew out Of the sale Of the
Courtcnay Manufacturing Company
and aiCivil suit brought by the pur-
chaScrs. in which it was alleged that
the Courtcnay Manufacturing Com
puny had fraudulcntly altered the
books to conceal profit III 1918 and
had shown a false profit return in
1919.
Several indictments against the
Courtcnays charge conspiracy to
CvadG the income tax i'll the matter
Of the Courtenay Manufacturing Co.
were moi pressed on authority OF the
attorney general
The Indictment to which the de-
PENDANTS pleaded guilty in the United
States District Court charged II. r.
Buist, Of Charleston, with having
attempted to defeat and cvade n-
come taxes on his individual income
for the year 1920. The Indictment
alleged that Mr.. Buist became liable
to pay $l9,3 l0.SS by reason of the
fact that he had received as income
during 1920, among other sums, the
sum Of $50, ,9GG.GS as a profit on the
sale by him during that year Of 140
shares Of the Courtenay Manufac-
turing Company's stock, and that in
making his income tax return he will
full; omitted to include the total
amount OF the profit Of $50, ,966.GS,
but reported profit of $31,746.G3.
The indictment to which Ashmead
Courtcnay, Of Charleston, pleaded
l. L., ~
to pay 81 1,029.02 as income tax for
the year 1920 by reason of the fact
that he had received as income dur
ing that year, among other sums, the
sum OF S12S.SlS.75 as a profit on the
sale during 1920 OF 265 shares Of
Courtenay Manufacturing Company
stock, and that he wilfully omitted
to return the total amount fthe said
profit Of Sl2S,SlS.75 in his income
tax return, and only ported a pro-
fit Of $4,000.
The Indictment which St. John
Conrtenay pleaded guilty charged
thai he wilfully attempted to defeat
and evadc the income tax on his in
come for the calendar year 1919 by
reason OF the fact that he failed to
return profit Of $3S,I39.0O 90 re-
ccived during 1919 for the sale OF
various stocks, ana reported in his
income tax return thai he had re-
ccivcd no profit from these stocks
during that year.
The two indictments to which
Campbell COurtcMay pleaded guilty
charged that he wilfully attempted
to defeat and cvadc a tax OF $2.G30.-
900 on his income for the year 1914
by failing to return in his income
tax profit Of $3.S21.S5 on the sale
or so shares Of the Victor Monaghan
Company stock, in that he reported
III said return that he had received
no profit from the sale OF stocks dur
ing that year. The other Indictment
guilty charged that Campbell Cour-
tcnay, as president and treasurer Of
the Courtcnay manufacturing Com
pany, wilfully attempted TO defeat
and cvadc the income, war profits