The prosecutor's evidence against Charles Edwin Mitchell, charged with defrauding the Government of income tax payments, was virtually completed in Manhattan last week. Biggest witness of the week was Gerard Swope, president of General Electric Co., who as a director of National City heard Mitchell intimate that National City Co. should reimburse him for private losses he sustained when he bolstered the price of the bank stock. Since Mitchell's chief loss was through the alleged sale of stock to his wife and the repurchase of it later at the same price (though the...
To continue reading:
or
Log-In