San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-14
.W|NSHIP HAS
BUSINESS IN
SAN ANTONIO
Thirteen Airplanes in Mex
leo Garry Payrolls for
Oil Firms.
GIVES $4,000 BOND
Says That His Company Was
Borrowing From Bank
When Depression Came.

Lloyd Winship arrested in San An
tonic Friday on conspiracy charge IN
connection with an alleged embezz!e-
ment of approximately SS00000 from
the City National Bank of lincoln,
Neb., maintained offices at 800 Navarro
street, where he was associated with
Elmer C. Hammond, also under indict-
ment. The concern, which is operating
under the name of the International In
vestment company is engaged in furnish
ing airplane supplies TO the Mexican
government, in handling oil property
and real estate and in transporting by
airplane, pay rolls to the oil fields near
Tampico, it was learned Saturday morn
ing. =,
According to information obtained at
the offies of the International Invest
Inent company, the concern has thir-
teen airplanes at Tampieo. These air.
planes have been employed in carrying
the large pay rolls TO the workers in
the Tampico oil fields.
Elmer G. Hammond, who was arrest
ed late Friday afternoon at Houston had
gone to that city, it was reported in
order to purchase a large quantity of
airplane supplies to be delivered to the
Mexican government. $500
Furnishes Bail and Is Released.
Bond of $4,000 was made by Win
ship Saturday afternoon, after he had
remained Friday night and Saturday
morning in the county Jail under the
custody of federal officers. Unofficial
information from Nebraska is to the
effect that the bonds have been fixed
at $4,000 for each defendant by the
foJorol soourE ;n NahroeI-o onI sbou1J
official confirmation of this be received
here, then the defendant will receive
the benefit of the reduction, it was
stated.
According to press dispatches from
Houston, Elmer G. Hammond, one of
the six men indicted on a conspiracy
charge in connection with the alleged
embezzlement of 100000 from the
City National Bank of Lincoln, Neb.,
is in the Harris county Jail under n
warrant sworn out before the United
States commissioner. He was placed
under arrest by Tom G. White, agent
in charge of the Department of Justice
at Houston, late Friday afternoon a
few hours after Hammond had regis
tered at the Houston hotel.
Had Loans From Bank.
Information leading the Houston Off
Gals TO the address Of Hammond was
sent to Houston by Deputy Marshal
Bacon, who secured the address from
Winship. Hammond had gone to Hous-
ton to buy airplane supplies, it was re-
ported, and Winship asked the permits
sion of Deputy Bacon to communicate
with Hammond to tell him not to buy
any airplane supplies at present. This
permission was refused until infOrma-
ton had been received here that Ham
mond had been placed under arrest.
Winship' was in no way connected
with the City National Bank of Lin
coin, Neb., he told representative of
The Light Friday afternoon. He was,
however, an official of several large
concerns in Nebraska, he asserted, that
did lHr~" business with the City Ma
tional bank.
Cannot Understand Arrest.
"For time we were making a large
amount of money" Winship asserted in
substance. I'VE obtained heavy loans
from the bank and by the bright pros
poets at that time. the heavy loans were
justified. However, we were caught in
the business depression along with hun
dreds of other concerns and all of us
lost heavily.
81 cannot understand the basis for
this Indictment. Until receive a copy
of it, / hardly know what TO say.
BASED upon what information / have
at this time l an under the impression
that the purpose of the indictment is to
prosecute certain bank officials.
at is possible that the federal grand
jury in Nebraska may have believed
that there was a conspiracy upon the
part Of the directors of the company in
which l was interested with the bank
officials, and that the loans were life
gally obtained. If the grand jury is
laboriag under that impression. fail
to see upon what their impression was
based -