Wall Street’s Mighty Fall: Charles E. Mitchell Faces Tax Evasion Charges

It’s a day of reckoning on Wall Street as Charles E. Mitchell, the once-mighty head of the National City Bank, stands trial for tax evasion. In a stunning move, Federal Attorney George Z. Medalie has revealed that a string of high-profile financiers will be called to testify against Mitchell, who is accused of dodging $38,429 in income taxes. The bombshell announcement came as the trial was delayed due to a trio of sore throats that left Federal Judge Henry W. Goddard, Defense Counsel Max D. Steuer, and Medalie all struggling to speak in a barely audible whisper.