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Elvis Presley — Part 6
Page 69
69 / 96
A ae Oe me = me
yor? MEV, 11-27-70)
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FEDERAL BUREAU OF INVESTIGATION
1 en eteemueren__2/18/T7
~ _+D,:- BEECHER SMITH, II, was interviewed in the
Presence of his law aagscciate, FRANK J. GLANKLER, JR.,
and furnished the following information:
Be is employed in the law firm of Bontedonico,
Beiskell, Davis, Glankler, Brown and Gilliland, and maintains
his office at 1 Commerce Square, Meaphis, Tennessee.
CHARLES H. DAVIS was a senior partner in this law
firm and had represented ELVIS A, PRESLEY and the PRESLEY
family interests for approximately 31 years. ELVIS PRESLEY
maintains a residence at Memphis, Tennessee, and is a
popular movie star and entertainer. —
Dae to the poor bealth of CHARLES DAVIS, D. BEBCHER
GNITH became involved in the PRESLEY interests in bebalf of
the law firms, and in this connection the following facts cane
to bis attention;
ELVIS PRESLEY owned a Lockbeed Jetstar airplane, *
registration number N777EP and manufactarer’s serial sunber
In Jane, 1976, there was an outstanding indebtediess
on the aircraft in excess of $600,000. This was owed to the
American National Bank of Morristown, Hew Jersey. This
particular bank beld the mortgage on the plane since it was
° porchased, according to SMITH, in the general ares of this
nk.
v
This aircraft was mot being eved by PRESLEY is his
entertainment besipess and therefore he was making payments.
en an asset that was mot generating auy returna on its capital. |
In addition, attempts to sell the aircraft have resulted in
mo success.
A peeting wus scheduled for June 34, 18976, to
arrange @ transaction wherein the plane could be refinanced,
fends would be provided for its apgrading, and the plane
@ould be leased out and generate a return on the isvestzest
f approzimtel 1,000 month.
interviewed on__ 1/17/77 iw Memphis, Tennessee ru ¢ Memphis 87-16994
Ce
__ fm bere
3
Tha document contems nether recommendation: ne conclvsions of the FBI. & & the prepert; of the FSi ead u inened te yeu egency.
@ ond mm conten ore aot te be dutribvted evtide your egenty. \4
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