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Guiding them was Franklin Pierce McCall, 21, a hollow-eyed "cracker," part-time road worker, truck driver and tomato packer, son of a Nazarene preacher. He and his wife used to lodge with Skeegie Cash's parents. He knew the child well, and knew how much money James Bailey Cash, the father, had in the bank-just about $10,000, the sum asked for in ransom. McCall had professed great sympathy for the bereaved parents, had joined the first searching parties. But Mr. Cash's brother and sister-in-law grew suspicious of him when: 1) he "found...

Author: /time Magazine | Title: CRIME: $5 Atrocity | 6/20/1938 | See Source »

Because talk was blossoming in reform circles of need for a new legislative purge of Wall Street as a result of the Whitney scandal, Assistant Attorney General Ambrose V. McCall took occasion as Richard Whitney finished his guilty plea to declare: "On the contrary, the Whitney case is the result of regulation that is stopping a practice that was apparently widespread in pledging customers' securities...

Author: /time Magazine | Title: Business: Commonly Abusing | 3/28/1938 | See Source »

...back up this assertion, Lawyer McCall read a list of such cases all but the first of which have been turned up by SEC since the market crash gave many brokers the choice of crockery or failure-Richard J. Daly, who pleaded guilty to hypothecating $150,000 in customers' securities last June; two partners of Jesse Hyman & Co. convicted of grand larceny together with William F. Enright, who had charge of the security box of Winthrop, Mitchell & Co., after this reputable firm discovered Enright had lent some $2,000,000 of its customers' funds to the Hyman partners...

Author: /time Magazine | Title: Business: Commonly Abusing | 3/28/1938 | See Source »

...unprecedented style. Although the State's Attorney General had the case well in hand. Prosecutor Dewey secretly called before his Grand Jury Dick Whitney's sister-in-law while he himself queried Mrs. Whitney. Then Prosecutor Dewey suddenly snatched Dick Whitney from under Lawyer Ambrose V. McCall's astounded nose with an indictment charging that Richard Whitney had appropriated another $105,000 in securities from the trust fund left by his father-in-law to Mrs. Whitney and her sister (Harvard University and St. Paul's School are residuary legatees). Richard Whitney was co-trustee...

Author: /time Magazine | Title: Business: Ex-Knight | 3/21/1938 | See Source »

...York-the Attorney General's office did make a grab for his body. Commodore William A. Stewart of the Yacht Club wanted the club's securities back. Missing now was a total of $109,384 in securities the club had trusted to Treasurer Whitney. Assistant Attorney General McCall found them at Public National Bank as part collateral for the Whitney loan, and, as the Daily News's news section put it, "Richard Whitney ... for the second time in 24 hours [was] fingerprinted and mugged like a Hell's Kitchen package thief and held...

Author: /time Magazine | Title: Business: Ex-Knight | 3/21/1938 | See Source »

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