The following text was automatically extracted from the image on this page using optical character recognition software:
HOUSTON GRAND JURY
nas N -NDER OF PERSONS THIS MORNING LOVED PN 1A 017U
OF THE FEDERAL GRAND JURY ROOM AT HOUSTON WHERE AN INVESTIGATION
IS BEING RESUMED IN THE BANKING OPERATIONS RELATED TO THE
TEXAS STOCK SCANDAL.
OPERATIONS OF THE SHARPSTOWN STATE BANK WHILE A FEDERAL GRAND JURY
AT DALL AS HAS BEEN DEVOTING MOST OF ITS ATTENTION INTO THE
ALLEGED MANIPULATION OF NATIONAL BANKERS LIFE INSURANCE COMPANY
STOCK.
IVCI
BOTH FIRMS WERE OWNED BY HOUSTON FINANCIER FRANK SHARP WHO
HAS BEEN GIVEN A THREE-YEAR PROBATED SENTENCE AND A 5,000
DOLLAR FINE AFTER ENTERING PLEAAS OF GUILTY TO CHARGES OF
MAKING A FALSE BANK RECORD ENTRY AND SELLING UNREGISTERED
SECURITIES.
U GOVERNENT SPOKESMAN AT HOUSTON SAID THIS MORNING HE DOES
NOT BELIEVE ANY INDICTMENTS WILL BE RETURNED TODAY BUT THAT
SOME INDICTMENTS NAY BE SUBMITTED TO THE JURY FOR CONSIDERATION.
z^
....., . _ ,_ .- ..., .n _, . . ....,. .- ., .. . .._ _. ..- _ _ .,, .,, . . ,.., .... . . ., . .._ . .. . . ..
1._am R"rm"Wro"m
rM,
"Pip
Sdtl
I