Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-02-11
'PATTEN FINED FOR
COTTON CORNER
Pleads Guilty to Sixth Count in
Indictment and Pays.
$4,000.
COURT NOLLES OTHER
COUNTS AGAINST BROKER
Partners in Bull Campaign Will
Enter Pleas of mot
Guilty"

NEW YORK. Feb. Thames a
Patten. cotton and grain Spectator
pleaded guilty in the Federal cour
here today to the sixth count in al
Indictment charging him with re
straint of trade Judge Mayer fineG
Mr.. Patten 81, 900. which was paid i'm
mediately.
Patten. Eugene Scales. of Texas
and others were indicted by a Fed.
eral grand jury here more than 3
year ago for manipulat ton of the cot
ton market. The government charged
that their acts constituted restraint
Of trade. The defendants demurre6
and carried their case to the Su-
.preme Court, which recently ruled
against them.
George W. Merriek, Patterns attor-
ney, issued a statement saying that
his client had entered his plea with
out any consciousness OF being guilty
of any moral turpitude or of of
Tending in the slightest degree
against any law or proper rule Of
conduct.
.'The contract charged in the sixth
count Of this indictment is one that
has hitherto always been deemed
commercially safe and lawful" said
the lawyer Indeed this contract
was not signed by him, and he only
knew OF it as having been entered
into by others and as one entirely
proper. This contract, moreover, was
drown by counsel learned in the law
and stated by them to be in every
way lawful"
United States District Attorney
Wise said that in view of the fact
that Patten had pleaded guilty and
that an Indictment charging cot
ton corner raised a novel question,
upon which there was difference
Of opinion among judges. the govern
ment would be satisfied with the i'm
position of a fine.
The sixth count charges that Pat
Ten and his associates. Colonel Rob
ert NJ. Thompson, William P. Brown.
+. 3. Hayne and Eugene Scales,
/. greed under a contract to buy prac-
tlcally the entire raw cotton crop OF
1909 in order to hold it out of the
market until November l., 1910.
To the seven other counts in the
Indictment Patten pleaded not guilty
and they were noiled by the court.
NEW ORLEANS, Feb. 1.-THE
three other members of the cotton
nbuu pool" indicted jointly with
flames A. Patten in connection with
the "bulr' campaign in the 1901
eotton crop, will not plead guilty to
me Federal Indictment in New York,
according to a statement given to the
Associated Press today by William Z.
Brown.
''HIayne. Scales and myself will not
plead guilty" said Mr.. Brown, for
the reason that we would perjure
ourselves if we did so, as we are not
guilty of a single one of the charges
that have been made against us"
II expected it," said Brown. when
Informed that Mr.. Patten had pleaded
guilty
Frank B. Hayne said: we were
aware that Mr.. Patten intended to
plead guilty, l would consider that
I had stultified myself if l pleaded
guilty to a charge that knew I was
00t Sulily Oh.
Both Mr. Brown and Mr.. Hayne
are residents of New Orleans. Eugene
g. Scales, the fourth member of the
pool under indictment, lives at Waco,
Tex
. WASHINGTON, Feb. 1.-THE re-
manning defendants in the cotton cor
ner case probably will be reindicted
by the department of justice to cure
what is regarded as flaw in the
pending indictment.
Patten's plea of guilty was by
agreement with the government. At
.torney- General Wickersham con-
scented to the arrangement because
of the supposed error in the in
dictment, which. while charging
conspiracy to buy up cotton, admitted
the allegation of Withholding it from
sale.