Word: leas
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Three years ago Tennessee's most potent publisher was big, dynamic Colonel Luke Lea, an A. E. F. artillery officer and onetime Senator. Today he is a man stripped and broken by adversity, desperately fighting extradition to North Carolina where a six-to-ten year prison sentence for bank fraud awaits him. With his crony, Banker-Promoter Rogers Clark Caldwell, Col. Lea was strong in State politics. With his able son Luke Jr. who is also fighting extradition and a heavy fine, he ran the Nashville Tennesseeans (morning & evening), the Knoxville Journal, the Memphis Commercial Appeal and Evening Appeal...
Also last week another brace of Luke Lea papers made news when the Memphis Appeals were bought from the receivers by James Thomas Hammond Jr., publisher of Hearst's Detroit Times. The stolid, conservative Commercial Appeal (''Largest Circulation in the South"-111,000), is so deeply rooted in affairs of the South that even the Lea-Caldwell cataclysm failed to shake it. Good-looking Publisher Hammond, 40, was back on home soil. He had been brought up in Tennessee, got to be a bank vice president in Arkansas whence he was hired in 1922 by Lord & Taylor...
...Colonel Luke Lea and his son Luke Jr., Tennessee publishers convicted of conspiracy to defraud an Asheville, N. C. bank, were ordered arrested last week after they failed to surrender to serve jail sentences. Buncombe County courts declared forfeit their $50,000 bonds, written by New Orleans' Union Indemnity Co. (now in receivership). Meanwhile in Nashville, Tenn., the Leas prepared to fight extradition, had a lawyer sleeping in their big house to spike any attempt by North Carolina officials to kidnap them. Few days later the Leas suddenly disappeared. Reports that they had been arrested in the mountains...
...TIME erred last week in stating that the Aetna Life group of Hartford had taken over most of the insurance and bonds (including $50,000 bonds of Col. Luke Lea & Son) of receivershipped Union Indemnity Group of New Orleans. Aetna Life appointed as representatives several agencies that formerly handled Union Indemnity underwriting, executed a binder pending Aetna's investigation of the agencies' business...
...that Union Indemnity got all state departmental insurance, that it bonded all state employes, all bridge and highway contractors. Most of the group's insurance and bonds were immediately taken over last week by the Aetna group of Hartford, including the $50,000 bonds of Colonel Luke Lea & Son, Tennessee publishers convicted of conspiracy to defraud a bank...