The Lee County journal. (Leesburg, Ga.) 1904-19??, 1910-06-23
COTTONDEALERS INDICTED;
Many Mills MENTIONED
Bills Returned Against Patten
and Seven Other Factors.
INDICTMENT CHARGES CONSPIRACY
Alleged Many Southern Cotton Mills Entered
Into Contract to Bill Cotton Market
Five Counts Are Mentioned.

New York City, The governments
came out in the open in its attempt
to prove that manipulating the cot
ton market is against the law. James
A. Patten of Chicago and seven les
ser figures in the speculative neio
have been indicted, charged with con-
spiracy in restraint Of trade under
the Sherman antitrust law. me N
dictment was returned by speclal
federal grand jury and handed up "
fore Judge Hough in tne United STATES
circuit court Five Of those lndlSteu
-Patten, Eugene B. Scales, Frank 2.
Hayne, William P. Brown and NJ II.
Rothschild- gave bail of $4,000 as re-
quired through counsel For the otn-4
er three who were neither present
in court nor represented by lawyers
bench warrants were issued. lney
are Sydney J, Herman, Robert MI.
Thompson and Charles A. klCtle.
Immediately after the indictment
was announced there was an excited
break on the New York cotton ex-
change.
Five counts are embraced in the IN
dictment which is in blanket form and
contains 10000 words The first count
charges that the defendants unlawful
ay did conspire with certain corpora
tions not herein indicted to demand
arbitrary, excessive and monopol1stlc
prices for cotton" The firms men
toned as co-conspirators, though not
included in the indictment, are as fol
lows:
Alabama-Avondale Mills, Birming-
ham; Central Mills, Sylacauga; Enter
prise Mills, Enterprise; Montgomery
Cotton Mills, Montgomery; PrattVllle
Cotton Mills, Prattyille.
Georgia-Anchor Duck Mills, Rome;
Cation Cotton Mills, Canton; Elm City
Cotton Mills, LAGRANGE; Exposition
Cotton Mills, Atlanta; Flood Cotton
Kills, Rome Granville Hosiery Mills,
Granville; Habersham Mills, Haber-
sham; Lawrenceville Manufacturing
Company, Lawrenceville; Lois Cotton
Mills, Douglasville; Milstead Manufac-
turing Company, Milstead; Newman
Cotton Mills, Newman; Roswell Manu-
featuring Company, Roswell; Sybley,
Manufacturing Company, Augusta
S,Sottdale Mills, Atlanta Trion Manu-
facturing Company, Trion; Unity Cot
ton Mills, LAGRANGE.
North Carolina-Cannon Manufactu-
ring Company, Concord; Heriett Mills,
Caroleen; Mecklenburgh Manufacture
ing Company, Charlotte.
South Carolina-Aiken Manufacture
OOAA n.
ton; Brandon Mills, Greenville; Capt.
tai City Mills, Columbia; Easley Cot
ton Mills, Easley; Glenn Lowery Man
ufacturing Company, Whitmier; Gran
burg Cotton Mills, Columbia: Green
wood Cotton Mills, Greenwood; Gren-
del Mills, Greenwood; Jackson Mills,
Iva: Lancaster Cotton Mills, Lancas-
ter; Langley Manufacturing Company,
Langley: Monaghan Mills, Greenwood:
Olympia Cotton Mills, Columbia; OF.
taray Mills, Union; Pelzer Manufac-
turing Company, Pelzer; Piedmont
Manufacturing Company, Piedmont;
Richland Cotton Mills, Columbia; Riv-
erside Manufacturing Company, An
derson: Saxon Minis, Spartanburg
Seminole Manufacturing Company,
Clearwater; Toxaway Mills, Ander-
son; Union Buffalo Mills Company,
Union; Williamstown Mills, Williams
town; Woodruff Cotton Mills, Wood
ruff; Woodside Cotton Mills, Green
Vile.
Describing the inside workings Of
the alleged conspiracy, the Indictment
says that the conspirators were to be-
come members Of and engage in an
unlawfuI combination in the form Of
an agreement, under which they were
Iseverally to purchase for shipment
from the south to ship to New York
all cotton not directly absorbed by the
demands of foreign and domestic spin-
sand manufacturers in the ordin.
AIRY business course-in other words
as much as they could purchase from
day to day without seriously enhanc-
ing the price, but nevertheless to such
an extent that together they would
long before the end of the crop wear
have so much cotton in tneir POSSES.
sion in the city Of New York that thew
could, "by reason of the abnormal and
artificial condition thus produced in
said trade and commerce, seyeraIlv
demand arbitrary, excessive and mo-
nopolistic prices"