Pittsburgh Courier, 1 March 1930.
After abruptly withdrawing their appeals, J.D. Reid and H.S. Stanback entered the state prison at Raleigh to begin serving five-year sentences for convictions for receiving deposits at Commercial Bank, knowing the institution was insolvent. In so doing, they avoided prosecution on charges of forgery and embezzlement. They also opened a path for Reid’s wife, Eleanor P. Reid, to retain her position as principal of the Colored Graded School.