National Affairs: Empire Dust (Cont'd)

Three days' vituperative debate last week preceded a vote in the Tennessee House of Representatives on Impeachment Article No. 1 against Governor Henry Hollis Horton. The charge was that he had conspired with Col. Luke Lea, newspaper publisher, and Rogers Clark Caldwell, financier, to manipulate State funds for their private profit in building up an economic empire in the South (TIME, June 8). In four defunct banks, subsidiaries of the bankrupt Caldwell & Co., Tennessee had some $6,400,000 in public funds tied up. Governor Horton was depicted as bowing to the dictation of...

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