Word: leas
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Paroled from the North Carolina State Penitentiary after serving 23 months of a six-to-ten year sentence for his part in the $17,000,000 failure of the Asheville Central Bank & Trust Co. in 1930 was Colonel Luke Lea, 57, onetime (1911-17) U. S. Senator, long a potent Tennessee publisher & politician. With Son Luke Lea Jr., who spent 79 days in jail after a similar conviction, he scurried off to Nashville by automobile...
There citizens read newspaper extras announcing Lea's parole, ran wild, yowled: "Praise the Lord! Luke's out! Glory, Hallelujah!" At Lebanon, 40 miles out side Nashville, a crowd accompanied by an American Legion band gathered to greet Colonel Lea, who, as an A. E. F. artilleryman, tried to kidnap the Kaiser after the Armistice...
Next night 300 Lea admirers gathered in Nashville's Noel Hotel to pay tribute to the ex-convict. Said Colonel Lea: "I have been through the Garden of Gethsemane. I have been confronted with the problem of whether to go on or stop living. I had a large amount of insurance on my life . . . which I could mature and thus provide security for my wife and the dearest children who ever lived. I decided to face life and each day to pray to be worthy of the love of my family and the confidence of my friends...
Mayor Hilary E. Howse quavered: "Colonel Lea hasn't lost a friend. By the spirit of 'Old Hickory' Jackson, by the Eternal, he has made new friends...
Case concerned Tennessee Publishing Co. (Nashville Tennesseean). Before he went to jail and the company went into receivership, Tennessee Publishing was owned by Nashville's Luke Lea. The present owner of the common stock, E. W. Carmack, submitted several 77-B reorganization plans to Nashville's Federal District Judge John J. Gore, who refused to approve them on the ground that they required coercion of a majority of the creditors. The case turned on the point that 77-B not only provides a means of clubbing a stubborn minority into line if two-thirds of the creditors...