The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-06
SENSATIONS LIKELY
IN HE|NzE CASE
New Developments Hinted at in
Prosecution of United Cop
per Officials.
HEINZE ENTERS PLEA
AND SAYS NOT GUILTY
Indictment Is New One. Found
in October, and Long Kept
Under Seal.

NEW YORK, Jan. 5.-tlnts that there
would be seuss tional developments short
IN in the case OF the indicted United
Copper officials were thrown out today
when counsel for f. Augustus Helnzc
against Heinze and gained tho adjourn
mcnt OF hearing ON a charge involving
other United Copper officials and direc-
tors.
IIe!nzc and his brother Arthur p.
were borh in the United States circuit
court when the cases came UP. having
arrived early today from Montana.
Not Guilty, Is Plea.
L. Augustus HenZe pleaded not guilty
TO an indictment charging BIN Wit!
ovor-certlfication and misappllcation Of
| the funds OF the Mercantile National
bank. The former Morse -lIeinSe institu-
| ton. and argument on the demurrer was
set for January II. y motion TO quash
also will be entered.
H. was stated that the motion will oc
accompanied by allegations OF unusual
interest concerning acts ana statoments
In the grand jury room Hhcn the lndi@t-
mcnts were found.
l. IL S. the general charge OF the prose
cution thet Mercantile oaNH funds were
used IN financing pool In United Cop
per stocks, and when the books Of ,he
United Copper company were wanted by
the grand jury III its investigation they
were found to have becr spirited away
In this connection, Arthur p. Hein5s.
Carlos WarGcld .samucl Robinson and
Calvin Geer directors and officers of
the United Copper company: were IN
dictcd for conspiracy. The conspiracy
case was also continued 10 January is.
The indictment to which Ee!nZc was
nleatled TO was a new one. found on oc-
jobeg lG last and Gcpt under seal unJ'l
today, Fifteen OF t6o sixteen charges
In the previous Indictment 10 which
Heinge successfully demurred Jre in
cludcd i'm the now pyesentment.
Counsel Tor r Angnstms neiq%a is IS.
regularity OF the Indictments against
lIeinza and urging that they be qrlaShed.
Eight OF Cncse transactions. upon
which sixteen OF tho eighteen counts arc
bssed.' said the statement rest prl-
mariII. on the alleged insolvency OF the
firm OF Otto Hen5e s Go at q period
prior TO the panic of October 1901
Msstatements Alleged
This seems TO US rather strange Tn
view Of the fact that II, bankruptcy pro-
ceedipEs instituted against Otto lJcin9e
&: Co. il has but recently been judicislly-
determined that. on or before October l.
1907. the firm was solvent There are
also IncomprenensibC ullsStatcmeuts OF
fact AS 10 the varlons loans unadc tu Otto
Mr. Heinze Oh loan 10 himself arises on
a loan of $500, 600 made on Octoher u
1907, alleged " nayc been made without
Here the statement explains in detail
thar thr security offered wns more thur
sufirscnt. and continues:
This loan has since been PAID down TO
less than 5000, 900 and is still secured by
collateral worth nearly rlilliou dollars.
Notwithstanding thls, the indictment al
lcges that the whole OF this $600.00 Tas
lost Ia the bank
"lt is curious 10 note that I'm the first
eight counts the nrm uf Otto Hejuze *
CO. IS alleged 10 have beon financially
irresponsible. they are alleged 20 have
nceu the owners pt stock worth more
than two and a half millions.
In the event thnt Tho court does uot
uuaSh thls indictment as IL did the last.
Nc are prepared To- meet successfully all
the ALLEGATIONS OF the indictment,