Deseret Evening News | 1910-06-18 | Page 12 | Statement from Department of Justice

fb t oi 1 I TIKI ai iNT 1 I fhY Ii I i t liI 1111 01 OP I ounce June 17 Atty Gon Oon r In on fbi tho th i I out of or the tho BO so j 1 called cotton potion pool 1011 RII th tho thin lion hl l hail had th the Jury Jur of or the timo existence of ot a om hilla I u lion and of ut It Iti II I In to the Indictments g i tho Ihl following was sync Riven givon out mit tonight hy h 11 the department of or Ji J Illo I I hOsn Ih urn the tho Ih result ruIt of ot i j nn no Investigation liy hy the thi I department ot of sinco bused baaed on Information that the pur ier puri i one ons Indicted with had In the early part of or the year formed n II corn com combination to corner the of or raw cotton collon of or the tho crop of or 1909 and to hull hold hullIt n It 1 portion of or tho Iho MI mo me under agreement not to 10 make mako tenders dor III In certain prior to II about Nov Nii N 1 1910 0 tInts thus creating nn nil Jo In addition tu to time tho crop In the supply upp for and making It possible to re reo them to 10 purchase nt nl an arbitrary price lied fiLed lI ed by the tho pool At AI the namo samo tIme limo agreements wild Fold Id to 10 have been entered Into between Jelen of ot the tho pool anil a u number of or whereby the latter agreed to ii join the con to I tho Iho tim extent of ot of ot otI I nd bales of cotton ollon to 10 tobe tobe be lip removed from the tho market Pur 1111 shunt II t to tn Ii this thle agreement the pool jool tool ac nc l II t hules of or raw rill cotton coli for tor delivery In May Ia which with witha a n largo lar Ia amount tam oft Of ily on un hand lie tid wan wanto to be lifted JIlted out of ot the three principal I markol it the Ih world control l of nr the Mil rh I ket with the further purchase lr It t several e hundred thousand bales bulea of ot the remain remaining tog ing supply for delivery deliver In July und August t wan vas Intended to complete completo tho the monopoly of or the tho remainder of the time crop elop cropAs AH As th the facts fact r I were wor presented to 10 the time de do department this appeared lI to 10 be bo a It typical Instance ot of u Ii combination fur tur the pur pose pore of ot forestalling tho the market lI ur IlIg the thu entire visible supply ly of or n a com coin during dUling a period 1 1101 of or month months and nOli securing tho the power to dictate the IhA prieD price or of the consumer And Anti ua III upon ulon the 81 question to 10 which so much attention linn Iia been directed of or the tho hUi hi I coat cost of or living was Will considered by hy tl the e department was Willi requiring thorough In Investigation Ion TItle This hll Investigation Ino linn huH rc In satisfying the Iho grand grund Jury of ot tho the ex cx of ot a combination and of or UK 1111 II characterIstics characteristic and nOli tho Iho Indictments have hae hu e followed I It 11 Is IN not hOt to 10 bo in b that thIs thu Involves any un question n nto as asto 11 to lu the tho propriety of or methods of ot dealina In cotton on fl the tho NOW tw York cotton ex ox exchange change or em 0 on ott the question of or dealIngs In exchanges at lit till nil I U IL deals deal with a II specific ca CIL case o of ot a I definite combination for or an nn avowed unit end ascertained purpose tind Imd that purpose o one ono condemned by b the act of or Congress namely to tu restrain and monopolize In III trade IradA and 1 commerce In n II corn com commodity modify the tho free freo and unrestricted use luo 0 of lit which Is I of or prime Importance to 10 the whole nation