Crump and his allies, sensing an opportunity, assailed Horton for depositing state funds in the banks of his political allies. They also attacked Horton for awarding no-bid contracts to Caldwell's road-paving company, Kyrock. A motion calling for Horton's impeachment was voted on by the state House in June 1931, but the motion failed, 58 to 41. Horton was allowed to finish out his term, but did not seek further reelection. At the time, the term limit provision in the Tennessee State Constitution limited an incumbent to three consecutive full two-year terms. Both Lea and Caldwell were eventually convicted of bank fraud.