Word: grand
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Dates: during 1950-1959
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...main reasons for Houston's murderous pace, as a grand jury recently pointed out, is that "to acquire a pistol is such a simple matter that mere quarrels often become killings." For shooting a pistol in the city, Houston Press Reporter Bob Bray noted in a six-part series on the murder rate last July, the maximum fine is $200-if no one is pinked; in 36 murder cases tried this year, tolerant juries have not voted a single death sentence...
FANCY DECANTERS, introduced by liquor companies to boost Christmastime sales, are on the way out. National Distillers, second-ranking U.S. liquor maker (Old Grand-Dad, Old Crow, etc.) will drop its holiday deluge of decanters this winter, figures sales increase is not worth the extra cost of molding, shipping, distributing the fanciful bottles...
...teen-age bank runner, he had become president of the Bank of Commerce, a church elder, a United Fund official, district chairman of the Boy Scouts and of a Savings Bond drive. Last week Fort Worth learned just how extraordinary Jack Hubbard's talents were. A federal grand jury indicted him on charges of willful misapplication of bank funds, false entry, conspiracy to violate national banking laws, misuse of mails and interstate telegraph wires. Possible loss to seven banks, including Fort Worth's suburban River Oaks State Bank, of which Hubbard became president last year...
...losses came from what the grand jury termed a gigantic check-kiting operation; as outlined, it called for the nerve of a pickpocket and the timing of a trapeze artist. One of the oldest and trickiest to work of all bank schemes, check kiting consists of covering one bad check with another bad check. The operator draws funds from Bank A on a phony check written on Bank B; then another phony check is written for deposit in Bank B to cover the original check. In the interval before the checks clear, the check kiter gets a fat bankroll...
...state bank examiner, who started investigating. In short order Hubbard resigned and River Oaks State Bank closed. The FBI was brought in, spent ten months tracking down thousands of checks written on 47 accounts in twelve banks and cashed as far away as Wichita, Kans. On their evidence, the grand jury cracked down. U.S. District Attorney Heard Floore said that Hubbard and four others had cashed more than $10 million in rubber checks from June of 1956 (when Hubbard left the Bank of Commerce and bought into River Oaks) until last October...