San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-04-20
Fort Worth Federal Grand
Jury Charges Use Of
Mails to Defraud.
DIR. COOK IS BILLED
Companies Named Had g.
064,000 Stockholders,
Prosecutor Says.


the federal grand jury Friday on
charges Of using the mails to defraud.
The oil companies involved in the
indictments have taken in over 81
OO0,0UO in cash, and into three of the
companies were merged Hos companies
which had sold S13U,O0O,000 III stock,
United States District Attorney Hen
ny Zweifel said the investigation has
disclosed.
Approximately 100000 persons
were stockholders in the merged COM
panies and the companies named in
the indictments.
Among those indicted were:
Marshall Spoonts, former county at
torney.
L. c. Kingsbury, aspirant and Re-
publican choice for the Fort Worth
postmastership.
DIR. Frederick A. Cook, sole trustee
and president of the Petroleum Pro-
ducers' Association.
Aviator Oil Man Named.
S. L. ]. Cox, aviator-oil man, form
erly of Houston and New York, em-
ploye of the Petroleum Producers
Association. 4
J. W. Carruth clog Creek Car
ruth, trustee of the H0g-Creek Car
ruth Company.
John &. Nerser and Albert II. Shep-
herd, secretary treasurer and vice
president of the Revere Oil Company.
Warren II. HOLSTER, George NJ.
Richardson and II. Z. Robinson, trus-
tees of the Pilgrim Oil Company.
]. Frank Heard, sole trustee of
the Dorado Oil Syndicate.
Charles Sherwin and Harry III.
Schwarz, trustees of the General Lee
Development Interests.
Fred h. Smith, secretary treasurer
of the Petroleum Producers Assocla-
ton.
H. o. Stephens, writer of literature
for the same company.
o. i. Ray. A. r. Ekman, L. A.
McKercher, w. z. Welty, and Il. S.
Henninger, connected With the same
company.
John G. Guerin and William c.
Meissner. respectively writer of liter
AZURE and property accountant Of the
Revere Oil Company.
Trustees Are Billed.
]. G. Reynolds and George NJ.
Lucas, trustees of the Hog Creek Car
ruth Company.
Charles d. Spann and Benjamin
Carl Hatcher, attorney and property
accountant for the Texas-Mexia drill
ing syndicate.
Bernard NJ. Hatfield, sole trustee
Of the same company.
Porter Cakes, employe Of the Revere
Oil Company.
Louis NJ. White of the Louisiana
lease syndicate.
+. d. McMahon, connected with
Whites operations.
Charles II. Kreigh and Isaac c.
Howard. connected with the Kings
bury Company.
James &. Foster Jr.. Frank L.
Moorman and II. P. Babson, con-
nected with the Spoonts Company.
Joseph Ball, and Edwin H. Smith,
connected with the Texas-Mexia
drilling syndicate.
General Robert A. Lee.
Philip Goldstein, alias Ralph p.
Gibson, Nathan b. Sang, alias n. J.
Lang, Max Hersch and Walter Marks,
connected with the General Lee de-
velopment interests.
Figures Are Disclosed.
The following figures, disclosed by
the government, are said to have been
obtained by postoffice inspectors in
their investigation:
DR.. Cooks Company: Stock, ST..
100000; cash collected, S5OO,UU0.
J. Frank Heard Company: Stock
and cash collected, $135,00O, each.
Revere Oil Company Amount of
stock, SS,OOO,OOO; cash talIen IN, ST.
5O0, 1000.
Carruth Company: Amount of
stock and cash taken in, $500, OOO
each. .
Pilgrim Company: Amount Of stock,
81 ,0UU,OO0; cash taken in, SlOU,OOU.
Consolidated Producing aud kefin-
ing Company: Amount Of stock, ST.
$4,000; cash taken in, S95U,O0O.
General Lee Interests: Amount OF
stock and cash taken in, 500, 900
each.
j. Fl. Critics Company Amount of
stock and cash taken in, $3.50, 900
each.
l.. NJ. White Company Amount of
stock and cash taken in $4,000
each.
e. s. Woods Company Amount of
stock and cash taken in, $1,1OO,O00
each.
Marshal Spoonts Company Amount
of stock and cash taken in, $780,
900.
2,064,OOO Investors.
According to postoffie inspectors,
there were 313 companies merged into
the DR.. Cook company. They were
capitalized for 1888, S6l 900 and sold
S00000,000 in stock, it is said. The
Revere company merged 125 compa-
MES with capital stock of 100000.
600 and stock sold amounting to $780,
100000. according TO the inspectors.
The Pilgrim company merged 20
companies, which had sold $1,000
600 in stock to investors, IL is said.
In making the figures. Zweifel said
the investigation showed that there
was an average of stakeholder for
every 500 of stock sold. This would
give 2,064,000 investors in the COM
panies named in the indictments and
in the merged companies. Zweifel said.
Beautiful Roselawn Cemetery, not
a graveyard, a beautiful. well kept
I.-