New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-06-18
FIGHT MEN INDICTED
N COTTON POOL CASE
svino"Patten Heads List, Which
includes Southerners and COL
Thompson, of This City.
rGED TRUST AGREEMENT
r,orpes Are Conspiracy to Cor
ner Staple, Create Shortage
and Force Spinners to Buy
at Pools Prices.

-,-es A. Patten. Of Chicago, a year
;, the thick Of q successful fight 70
--rol :. big corner in wheat, and seven
- men were indicted yesterday by
=, federal grand jury on charge of
.,oufullv conspiring with about fifty
c,,,hera cotton spinning corporations to
--,ron.,lize tie raw cotton industry in
-. country. in violation of the Sher-
nsn antitrust act
Tho nersons indicted with Patten were
-.,-sne ?. Scales. of Texas: Frank B.
--s,ne and William P. Brown, OF New
o-,ssns. Morris H Rothschild, of Wood
vile. Miss; Sydney J. Harman. Of
c.-svsport. La. a cousin Of Nr- Scales;
Charles A. Kittle and Colonel Robert NJ.
Thompson, OF the firm of S. H. P. Pell
4 N brokers, Of this city.
Nessrs. Patten, Scales, Brown, Hayne
mn Rothschild were in the United
s-stes Circuit Court when the indict-
-snt was handed up TO Judge Hough.
they and the other indicted men had
b4sn Informed by the government that
-rnosedings against them would be
-sksn Pleas OF not guilty were entered
with leave 10 withdraw, and Judge
Hourh made the bail 5000, which all
furnished through security companies.
re Fidelity and Deposit Company going
on Mr. Patterns bond and the National
su-ety Company on the bonds of the
s-her men. Judge Hough set July for
ne fling Of a change Of plea, if counsel
should wish 10 DO so.
Nj Harman is expected TO be here on
Monday 20 plead. and Colonel Thomp-
s1n and Mr.. Kitue have until the same
tine 10 appear. AS Colonel Thompson is
abroad his time may be extended. He
and NJ Kittle. through their counsel.
John D. Lindsay and Adrian H Joline.
nay delay matters with 2 stay, in their
rOntenuon that the grand jury that
found the Indictment was an uncon-
stitutional body. II was the special jury
provided for in an act OF Congress 10
relieve the congestion in this judicial
district that Investigated the cotton bull
pol and found the Indictment
Governments Contention.
Clara McKercher the Assistant United
States Attorney General who had charge
c. the investigation, with United States
Attorney Wise, appeared for the gov
e-nmelt when the five indicted men
were arraigned; Henry Wollman repre-
Fs1ied Mr. Patten, and ex-senator John
spooner and Joseph P. Cotton, jr.,
slpeared for Mr.. Scales, Mr.. Brown and
ny Hayne- The government counsel
faFe out the following statement:
These indictments are the result OF an
1s'sSs-gauon commenced ny the Department
!. susl0e some time since, based upon in.
-s--al9A lilat the persons indicted witt
ss.s-s3 Aaa n the early part Of the yeal
l -l--el eomelnatlcn for the purpose O.
A94eilLe he entire remaining sIpDly o
-sN cotton d the crop Of 1Qa9 and TO holt
SUBSTANTIAL portion Of the same undel
s-sVlieIl net 10 make tenders in certain
-1-As-s frlOr 10 about November ! 1910
- creating an artificial shortage in ad
caon 10 the crop shortage in TIE sunni,
si.aSle Ior the sPlnEers and making i
ssss-ne 10 require them to purchase there
- e an arbitrary price fixed by Iht
A the same time agreements were saio
sase been entered into between repre-
A-alFes q the pool and a nHrnber o.
.s.4lie-s whereby the latter agreed 10 ioir
- - LII piracy 10 the extent of purchases o
r,rss 4-a,- 4.-.Ius4ho oales OF cotton, 70 be re
- - -Iom tie market Pursuant 10 tti!
risenleht the pool acquired bout so o.
. = oI raw cotton, for delivery IN Nav
h-S- WITH large amount already or
- 81. was 70 Be lifted out Of the tire,
s,-94pal markets cf the world
tas complete control Of the Nav market
- @ae further purchase Of several hun
= =. xoi"lSsnd bales OF the remaining sup
: III delivery IN July and August Wa
ls~.tng l-,.--eG % complete the monopoly OF TIT
''nalnder of the crop.
= = NE 1acts We're presented TO the de
ss.s-lelt this appeared TO be typical in
- oi z combination for the purpose o
~sft4,---lils tne market, securing the entir
supply Of a raw commodity dUrini
$3.50 q months and securing the powe
-.ele The price 10 the consumer. And
SHoa44-S upon The larger question L
S- S- - much public attention has beel
ese1' OF the high cost Of living. wa
-ss-le.od by the department as requiring
-s1lgn Investigation
tr-s investigation has resulted in salts
Ge grand 5uTV Of the existence .
II s.s.s5.n NATION and Of its criminal char
i-i-slcs, and the indictments have fol
- y Is not 70 be understood that thi
luton involves any question as TO tn
-tTt! Il methods Of dealing in cottol
- - New York Cotton Exchange. or o
s-Vsupn q dealings in exchanges at al
,s.,.1els With z specific case Of a deflnlt
= 1---oi.s'lon for an avowed and ascertaine
- ana that purpose one ConGemne
"a ect of CougreES-naTne to restraT
- --f9iope!lZe Interstate trade and com
G,, - commodity the free and unre
s,-su use Of which Is Of prime i'm
i1