Henceforth, promises Bert Lance, he will do no wrong
As he rose from a $90-per-week bank teller to millionaire bank president, Bert Lance never forgot his friends−or his poor relations. Between 1963 and 1974, while he was president of the First National Bank in Calhoun, Ga. (pop. 6,000), he arranged five loans totaling about $140,000 for his unemployed mother-in-law, Ruth M. Chance. When the interest payments were due, Lance sometimes wrote checks on her overdrawn Calhoun account to make the payments. He also arranged loans, and made similar repayments, for three brothers-in-law: a total...
To continue reading:
or
Log-In
