UTILITIES: A. G. & E., Round IV

If there is anything wrong, how you gonna prove it? You gotta nerve calling me a thief! How you gonna prove you're honest yourself? ... All I'm doing is serving those poor people.

In 1935 Howard Colwell Hopson could still grin from ear to ear as he boldly taunted a lumbering SEC. Last week the smile and boldness were gone. Ingenious, porcine Howard Hopson, charged with milking his now bankrupt $1,000,000,000 Associated Gas & Electric system of $20,000,000 in the biggest utility peculation of all time, went on trial for mail fraud and conspiracy.

Since his indictment last spring, Mr. Hopson...

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