Troubles

The following spent a troubled Christmas:

Col. Luke Lea 6 Son were about their publishing business in Nashville last week when they learned that the U. S. Supreme Court had for the second time refused to review their appeal from a conviction of conspiracy to defraud a bank in Buncombe County, N. C. Free under bond, the Leas were ordered rounded up to serve jail sentences. Onetime U. S. Senator, close associate of brash Banker Rogers Clark Caldwell, Col. Lea tried to kidnap the Kaiser as a Christmas present for Woodrow Wilson.

Frank Preston Parish, cocky young promoter, was indicted for theft last week because he refused to turn over collateral put up by his Missouri-Kansas Pipe Line Co. for a loan from a big stockholder. The collateral: bonds, promissory notes, "130 pieces of paper valued at -c- each" --presumably shares in receivershipped Mo-Kan. Indicted early last year on a $35,000,000 Federal mail fraud charge. Promoter Parish in 1931 bought the old Presidential steam yacht Mayflower.

Julius Howland Barnes's Insurance Equities Corp. bought control of Kentucky Home Life Insurance Co. last fortnight, proposed to place its 29% interest in Missouri State Life in a voting trust with some St. Louis men as trustees (TIME. Dec. 19). Last week when it was learned that three St. Louis banks had loaned Mr. Barnes $800,000 for the deal and that Missouri State itself had guaranteed the loan, Mr. Barnes found himself a storm centre. Louisville citizens flayed the deal in well-rounded Kentucky phrases. One Missouri State director resigned. President William Thompson Nardin defended the deal as "beneficial and necessary for Missouri State's protection." He also flared that two of his directors had sent an attorney to him asking $40,000 as the price for withholding publicity. A Kentucky Home stockholders meeting was promptly called, a plan devised by which irate Kentuckians will choose at least four of Missouri State's directors.

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