Elko independent. [volume] (Elko, Nev.) 1915-current, 1915-10-13
NOTED F|NAMC|ERS
ARRA|GNED TODAY
Omitted Press Stan Correspondent

NUnlted Stan Correspondent
NEW YORK, Oct. I3.-Arraignment,
preliminary to the governments
trial), of William Rockefeller, Theo.
dore N. Vail, Robert NJ. Taft. Lewis
Case Ledyard, James S. Hemingway.
George F. Baker, Henry X. McHarg
and other ACKNOWLEDGEMENTS fnanciers
and lawyers charged with criminally
conspiring as directors and counsel.
to unlawfully control New England
transportation through the New Hav.
en- railroad, began in the U. S. district
court here today.
Probably never in my courtroom in
this country has such a distinguished
coterie of financial, social and COM
mercial leaders gathered TO defend
themselves from criminal charges
drawn in an Indictment against them
by their W government.
William Rockefeller (alleged con.
spiracy leader.) is John d. Rockefell-
ers brother and one of the wealthiest
men in America. Theodore n. Vail,
is president of the American Tele-
phone & Telegraph company. Hem.
ingway is an Indiana politician. Led.
yard was the late J. p. Morgan's per.
sonal counsel. McHarg is a southern
capitalist. Baker is a New York bank
er and Morgan house partner. L. De-
Witt Cuyler is a Philadelphia capital.
list. Francis T. Maxwell is a Hartford
capitalist.
Others named in the indictment are
George MacCulloch Miller, Charles F.
BROKER, D. Newton Barney. Charles
NJ. Pratt, a. Heaton Robertson, Fred.
erick f. Brewster, Edward D.. Rob-
bins, John j. Billiard. Edward Multi.
gan.
Alexander C%ochrane, Boston capital,
list, is indicted, but the case against
him may fall at today's hearing.
William Skinner, silk baron of Holy
oke, and James S. Elton, Waterbury,
Conn. banker. were indicted. but the
charges were quashed because their
interstate commerce commission tes.
timony immuniZed them.
These are the capitalists and law.
yers a federal grand jury has declar-
ed probably guilty of plundering and
wrecking the New Haven road. They
will appear today before Judge Will.
lam A. Hunt and admit or deny the
charges. Pleas of not guilty and long.
drawn trials are expected.
Prison terms and heavy fines for
Rockefeller, Vail, Baker and their as
sociates constitute the governments
punishment if the defendants are prov
ed guilty.
The government will attempt TO
show that they, as directors and coun-
sci for directors of the New Haven,
violated the conspiracy clause of the
Sherman Antitrust law by conspir-
ing TO pyramid the roads finances
and, through buying up the Boston &
Maine and other rail lines gained I'M
lawful control of New England trans
portation.
Disclosures at the time the roads
affairs were investigated showed that
millions of dollars Of small invest.
ors' money were banded about and
juggled into such a financial tangle
that it took expert investigators many
months TO get at the bottom of the
affair.
Widows, orphans. small landholders
and other small investors, particular
ly in New England, who had sunk all
their life-savings in New Haven stock,
which they had grown to consider an
almost infallible financial institution.
found themselves, when the investi-
cation finally concluded, either poor,
paupers or deep in debt.
LedyaTd, Pratt. BROKER. McHarg.
Brewster and Cochrane asked and
were denied, separate trials.
Baker, Cuyler. Vail, Maxwell and
Mulligan were granted a separate trial
with William Rockefeller, alleged to
have been the moving spirit in the So
called New Haven conspiracy"