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McLendon Profited From Athens Bond Deals Disclosed
The Athens street railway bond transactions yielded about 1,500 in profits credited to Chairman McLendon. Testimony shows initial profit of 1,312.50 and a second profit of 188.28, with funds paid by F D Sullivan of New York. Patterson of Central Bank described the transfers and noted McLendon’s role in arranging buyers and sellers. McLendon defended the ethics, suggesting law changes to bar commissioners from holding railroad securities. The committee discussed correspondence with Sullivan and McLendon’s intent to aid Governor Smith’s administration and Georgia capital influx.
MENTIONED IN THIS ARTICLE
Ahe Renner
Athens
General Assembly
Smith
McLendon
Macon
Patterson
W. H. Patterson
Central Bank and Trust Corporation
F. D. Sullivan
New York
James K. Hines
Candia
Raiiroad Commission
Commission
Georgia Shippers
Atlanta
Savana
Atata
Wright
Calhoun
Mr. McElreath
Mr. McLendon
Heke Smith
Georgia
McElreath
Asda
Tuggle
Chaiman McLendon
Statev
Tugele
Mr. Tuggle
Sullivan
Attorney General
Central Bank
Burwell
Joint Committee
Senate
House
Patterson Tesla
W Hi Patterson
Central Bank and Truat Corporation
Athens Street Railway
Athens Street Railway Company
Patternom
Patterson Bald
Exchange
Mr. Batterson
Mr. Patterson