Douglas daily dispatch., 1927-06-26
Los ANCELENOS,
INDICTED, MAKE
BOND SATURDAY

LOS ANGELES, June Is up =
Names Of more than score OF
prominent business men, including
a banker and the highest officials
of the Julian Petroleum corporation,
we're given out today as among Nhe
IS indicted yesterday in connection
with the $100000000 Julian stock
scandal.
Among those indicted we're l. F.
Rouse, vice president CT the Pacific
Southwest Trust ard Savings Bank,
and S. G. Lewis, resigned president
of the Julian corporation. Both
were charged with two coun5s or
conspiracy Of obtaining money un-
state corporate securities act.
Lewis and Is others appeared iii
superior court and posted bonds OF
$200,G00 to guarantee their appear
ance later. Lewis and Rouse both
put up S25,O0o.
Telephone notification of those In.
dicted was being made by District
Attorney Asa l<eyes and as fast as
they appeared to pest bail tie
"IloA SOo "SNIAoC CIiCiA "S'C A'oUS
public
Others who appeared and posted
bond today were:
E, H. Jack Rosenberg. said to
have been a director OF the pools
which caused the big over-iss5lle OF
Julian stock. Bond $4,000.
H F. Campbell, vice president OF
the Julian corporation Bond $lO,-
600.
K. M. Reese, president Of A. G.
Wagy & company, brokers who clos
cd their doors Where tracing i'll
Julian petroleum was suspended.
Bond $4,000 t}N
CHARLES E. Reese, his brother, vice
president Of Wagy and company
Bond $4,000.
Alvin H. Frank, president OF A.
H. Frank and company, automobile
finance dealers. Bond $4,000.
H. w. Chotiner, dealer in invest
ment securities anG theatrical man.
Bond $4,000.
Morris Weinstein, head of a Spring
street mortgage company Bond
$1O,00G.
I. Q. Levy, president OF the Bere-
hent Levy Insurance company. Bond
$4,000.
Phillip Grossman, money lender.
Bond $4,000.
E Rasrheisn jeweler. Bond $4,000
j. FarbStein and H. Gutterman,
money lenders, $4,000 each.
Rosenberg, Campbell and the
Reese brothers are charged with two
counts Of conspiracy for obtaining
money under false pretenses anu
the state corporate secur-
tiles act, while the balance of those
up to late afternoon were
accused only OF lsuly IN connection
with loans made to Julian pools.
Others indicted but who had not--
we're Jacob Berinan, alias
Bennett, now in New York; his
brother. Louis Bcrman; #. P. Con-
10y, secretary of the Julian corpora
ton, and William G. Kottemann
OF Wagy and company, all
charged with the same two con-
spiracy counts, and several other
money lenders, for each OF who,
pond was fixed Ut $4,000 eacn on
one count OF usury.
David Gordon, broker, was llamed
by tho district attorneys office as
one of those indicted lie now is
travelling in Europe.
All OF those who surrendered to-
day will go before Superior Judge
Stephens Monday at 2 p. m. for ar
Only 20 OF the SIS indictments vot-
ed late yesterday were filed with
the court. The remainder, said to
include some of the most prominent
bankers III the southwest, probably
will be returned formally next Mon
day.
The 4.20O,OOO share over-issue OF
Julian petroleum came a matter OF
by city, county, state
and federal authorities several months
ago wnen an untounded rumlor Cir
culated i'll the financial district
prompted employment OF account
ants. When the over-issue became
a certainty, trading was suspended
on the Los Angeles and San Fran
cisco stock exchanges and the state
commission revoked all
stock sales permits.