Business & Finance: Kiter Lea

"Weren't practically all the transactions that Colonel Lea had with this institution kites, except when he borrowed?" "Yes, I would say they were." Asking the question was Robert L. McReynolds, counsel of a committee looking into the alleged misuse of Tennessee funds, last week looking especially into the affairs of Col. Luke Lea, publisher, politician, crony of bankrupt Rogers Clark Caldwell (TIME, Nov. 24 et seq.). Answering was M. D. Johnson, assistant cashier of the defunct Liberty Bank & Trust Co. of Nashville, whose president, Ridley Edward Donnell, shot himself after the...

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