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Pelley Financing Studied at Trial

January 13, 1935
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Trial of William Dudley Pelley, Silver Shirt leader, and three of his aides on charges of violation of the state securities act, continued today with technical details concerned with financial statements of the Galahad Press, furnishing the chief basis of testimony.

After completion of cross examination of C. B. Faircloth, a bookkeeper, the prosecution put George S. Anderson of Asheville, former treasurer of Galahad College, another Pelley venture, on the stand to testify that he was instructed by Pelley to keep records of the Galahad College and to identify handwriting in the stock book records.

The trial was adjourned until Monday after Judge Wilson Warlick ruled that the stock book stubs might be introduced only as evidence of stock ownership.

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