The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-02-21
A PLEA Of GUILTY
BY CASHIER BUTT
Throws Himself on Mercy Of the
Court, and Is Sentenced to
Three Years.
fsnnclal q The rlmoa-plsnntch.l

NORFOLK, VA. February 20.--En
tering plea of guilty to three of thu
twenty-two indictments pre.sentt,e, ,
against him by the grand jury In tn.
Portsmouth Hastings Court Alex Is
Butt. cashier OF the wrecked People.
Bank. was to-day sentenced by Judge
Tertiary ut Richmond, and further
sentenced to pay an aggregated finc
of ST.1Si.
AT tbs opening of court to-day the
action of the defense came as a sur
prise, although there had been rumors
of n plea for several days The de-
PENDANT threw himself, through his at
torneys on tile mercy of the court, ask
ing ieniency on tive ground that as far
as possible he had made restitution for
his acts. turning over in cash and real
estate $4,000 OF the alleged shortage
OF s252,066.9f.
The sentence of the court was as
follows:
For making false returns to the vir-
ginia Corporation Commission. one
year in the State penitentiary and a
fine of $4,000;
For receiving deposit of 5000 know
ing the bank to be insolvent. one year
in the penitentiaryy and a fine Of 5000
For receiving n deposit of s792 know
ing the bank TO be tnsolvent one year
and q fine of $i,5S4--double the amount
of the deposits received.
Other CNarTcs TO BE Mol Pressed.
1t is understood that the other
charges against the prisoner will be
mol pressed. although the court off,
Gals are silent as to this. 1t is not
believed that the other charges can be
proved it being understood that the
three strongest cases were selected
first, the others being weak.
Mr., Butts friends are confident that
have to serve only. eighteen months
before securing his liberty. Under the
laws of Virginia no man can be i'm
prisoned more than three months for
hn flT OF ffS,n .l,N y
these Tot be RENTED. he will have
but nine additional months to serve
in Jail.
scnbonrd Cuts Wages.
Chief Executive Officer w. A. Car
rett. OF the seaboard Air Line Rail-
face of the many rumors that there
would be cut in the salaries and
wages of I'LL employees. admitting that
reduction had already been ordered.
the salaries of all officials receiving
more than $4,000 per annum and that
n conference was to be held between
the head officers and union leaders
I'm reference to proposed cut in the
wages of the mechanics. etc.
MIR. Garrett. however. denies the
rumored changes in any of the Off
Gals. declaring. that the publications
contradicts the report that Major f. {
K. Huger. former Superintendent. will |
again be connected with the system.
The order, effective February 1st.
reads as follows:
EFFECTIVE February LIST. all officials
of the Seaboard Air Line Railway re-
ceiying more than $4,000 per annum
are working under 10 ner cent. cut.
Those getting between $4,000 and S.
GOO per annum, inclusive. are working
under an per cent. cut"
When the conference is to be held
between the union leaders and the
higher officials, in reference to a gem
erai reduction in the wages of the en-
nloyes, has not been announced. and no
statement is made In reference TO the
proposed amount OF tho cut. although /
II Is understood to be from 5 TO per-
cent.