The sun., 1918-07-06
EMERSON co. STOCK
SELLERS SENTENCED
Nicholas F. Wilson Must
Serve Seven Years for Mis-
using Mails.
3 CORPORATIONS FINED
Matches's Term Fixed at
Three Years: CLANCY AS
sesscd $4,000.
3 CORPORATIONS FINED


Nicholas Field Wilson, chief among
the stock brokers who are said to have
pocketed several hundred thousand dol
lars by selling shares OF the Emerson
Motors Company in 1916, was sentenced
to serve seven years In the Federal PEN
itentiary in Atlanta by Judge Martin T.
Manton in the Federal District Court
yesterday.
Wilson. who had been in business In
several cities OH the Pacific coast, came
ing use OF the mails to defraud put an
end to his prospects in Los Angeles. He
was making Indifferent progress in pro-
noting the Richard Automobile Com
pany when he met X. c. Hupp and Theo-
dore 4. Campbell. two Michigan auto
mobile manufacturers. and the 10000
600 Emerson company which absorbed
s1.500,O00 of investors money was the
outcome
Wilson. who did business az c. II.
Berry x Co. in an office at Broadway
and Thirty fourth street. handled much
Of the stock that was offered first a SO
a share and rose in price as investors
responded by hundreds to highly colored
advertising. to IS. He lived at the Ritz
Carlton.
Robert r. Matches. who was sent by
Wilson to Boston to sell Emerson stock,
was sentenced TO serve three years, and
William LOOMS. n New York broker
who was a member of the Arm OF LOOMS
& Eiess. was sentenced to serve a year
and day in the Altnata penitentiary.
Clancy Fined $4,000.
Osborne f.. CLANCY of o. T.. CLANCY &
Co. brokers. was sentenced to spend a
day in the custody OF United States Mar
shall Thomas II. Mccarthy and pay fine
of 10000 He was treated leniently be-
cause he has a family and is supporting
his aged parents. He told Judge Man
ton that he vas through with the stock
brokerage bushes and would go to live
on farm.
In the cases of the three corporations
which were convicted with four individ-
uals Of consp!ring to use the malls TO
defraud, Judge Manton imposed fines as
follows c. II. Berry * Co. $4,000;
Robert p. Matches & Co, $4,000; En-
erson Motors Company. sl.012. The
amount of the Emerson company fine is
fixed by the method OF calculation:
$1,000 on One count OF the indictment
and 81 each on twelve other counts.
Judge Manton explained that the
smaller fine against the Emerson Com
pany was due to its present relation to
a reorgan!zed company in the control OF
Theodore A Campbell and his son
George which has plant at Kingston
y. Y. The Campbells were acquitted OF
completely with Wilson and the others to
defraud, Their company is making au-
tomobiles and may eventually give some
value to outsta nding Emerson shares
The hnes against I. r. Berry & Co.
and Robert p. Matches d Co are prac-
tically fines against Wilson and Matches
as individuals. II these fines are COL
lected the Government stands to profit
financially BY the trial, which lasted five
weeks and brought witnesses from many
parts Of tie country. Judge Manton as
sessed total OF sss,0l? In fines. and
James W. Osborne I'd, Assistant United
States Attorney, said that the total en-
pense OF the trial to the Government was
about $4,000.
Wilson Indicted In West.
George Gordon Battle. counsel for
Wilson. made plea for leniency. which
wa. cut short by Judge Manton, who
asked Wilson IL testimony given at the
trial that he was indicted in California
was true. Wilson admitted II at this was
so and the court said that his experience
should have taught him a lesson
The extreme penalty to which Wilson
was liable on the Il rteen counts OF the
indictment was siXty-two years Judge
Manton sentenced him to serve a total OF
forty-four years. but arranged the SEN
tence to run concurrently so as to bring
about actual imprisonment for seven
years.
To Matches who admitted that he was
once convicted in the State courts here
and got a suspended sentence, Judge
Manton said
Il have heard good deal about Won
You received a chance in the State