Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1923-05-03
DRAWS $1,000
FINE FOR SALE
of OIL STOCK
Spokane Promoter Files No
tice of Aappeal from Ver-
dict in the District Court
Nabbed on Four More Counts,
Violation of Blue Sky Law;
Is Released on $4,000 Bond

Convicted by jury in district court,
Tuesday, of violation of the Idaho Blue
| Sky law, c. w. Brockman, Spokane oil
stock promoter, was Wednesday noon
sentenced by Judge Wallace N. Scales
to pay a fine of $1,000, and on failure
to pay the fine to be imprisoned in the
Idaho county Jail at the rate of 50 q
day.
Notice of appeal of the case was
Immediately filed by Brockman's at
tOrneys, Eugene Cox, of Lewiston, and
Richard Il. Harris, Spokane, and he
was released from custody on $4,000
bond, pending appeal. Broclman's
bond was signed by Charles l. BOur-
land and Lonnie Bales, both of Grange
vile, and ]. G. Wright, of Lewiston.
Four New Cases
Brocllman, Tuesday was made de-
PENDANT in four other cases, instituted
in the court of Justice of the Peace ].
u. Byron, by A j. Wilkins. Roy Nail
and Joseph Squibb, all of Grangeville,
and John Baer, of Lewiston, all of
whom claim to have bought from
BroclIman stock in the Texas & North
western Oil Co. Brockman, it is alleg-
ed in these complaints, did not possess
company, and thereby violated the law.
He was arrested and arraigned in JUS
tice court, where he waived prelimi-
nary hearing, and was placed under
bond TO answer to the district court.
Trial of Brocllman on the first
charge, preferred by Walter McAdams,
Of Grangeville who, in 1920, bought
$500 worth of the oil stock, began be-
fore jury i'm district court Saturday,
and ended Tuesday, shortly after noon,
when the jury. after being out only a
few minutes, returned a verdict Of
guilty. The jury, on the first ballot,
stood II to 1 for conviction. A sec
ond ballot was taken and the verdict
was unanimous.
Those Who Said Guilty
Jurors were A. b. Clayton, foreman;
A. r. Harlan, + M. Bowman, J. p.
Kee r. J. Mcconnell Charles II. Goan,
George Altman. A. C. Gentry, %. A.
Corty, John Stanton, David Woods and
S. s. Galloway.
The trial was punctuated by num-
erous legal battles. in which Prosecut-
ing Atty. f. =. Fogg and Atty. Miles
S. Johnson, of Lewiston. starred for
the state in their insistence that stock
statesmen operating in Idaho county
strictly comply with the law, which re-
quires that a license to sell stock first
be procured from the department of
commerce and industry before stock
sales can proceed. BrOcllman had no
such license, it was brought out in
the testimony
Bought $500 Worth
Walter McAdams. the prosecuting
witness, told of purchasing $500 worth
of oil stock from Brockman McAdams
said he had gone one invitation of
BrocSman to the banking house of the
Grangeville Savings & Trust Co., where
purchase of the stock was discussed in
a rear room.
Other witnesses for the state were
r. G. King, representing the state de-
partment of finance. at Boise; Miles,
s. Johnson, @. ]. Hall, John Baer and
Henry Telcher.
Defense witnesses included A. J..
Halle, secretary of the oil company;
Henry Telcher, F. u. Wyatt and r. B.
Harris. The defense contended that,
in the sale of stock. the oil company
acted on advice of its attorney, f. Z.
Butler, Of Lewiston.
No Permit Issued
The state showed that, while Butler
as attorney for the oil company, had
made application for a permit to sell
stock. a permit was not issued TO the
The state. through Mr.. Telcher, at
tempted to show that stock sales, in adj
dion to that to McAdams. were made
by Brockman, but this testimony was
not admitted.
Brocl1man. who in 1920 is reported
to have done a land office business in
Texas oil stock. is asserted by some TO
have disposed Of between 100000 and
S150OO0 in oil stock of undetermined
value between Grangeville and Lewis
ION. Numerous local residents invest
ed in the enterprise, expecting to make
huge profit.
Trial Of BrocSman. it was pointed
put by attorneys here. was the first UNI
fI,f. T1oI