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Show SUSPENSION OF A FIRM Punishment Inflicted by Wall Street For j Disobedience j New York, May 2o Announcement was made by the brokerage firm of B. F. Mutton & Company today that the firm had been suspended from the privileges of the New York Stock Exchange Ex-change for the period of one year, following fol-lowing submission of charges that the firm had been guilty of violating exchange ex-change regulations regarding sharing of commissions. Formal announcement of the action regarding the Hutton firm was made shortly before 11 o'clock. The only public statement made by the stock exchance wan as follows: "Franklin L. Hutton of the firm of E P. Hutton & Co. was suspended by the governing committee for a period fo ono year for violating section 1 of article ?, of the constitution In paying to an employe, In the shape of an unusually large salary, a portion of the commissions received from customers cus-tomers procured bv said employe." It appeared in the firm's statement that it was charged with hsvlng cm-ployed cm-ployed one;Ho3mer J. Barrett at a salary of $l.u00 a month becnuso of the fact that the firm had "profited by business sought or procured for it by the said Barrett during the preceding preced-ing three yenrs, in a sum amounting to aliout $"50,000 a year" In their statement Hutton & Co. entered en-tered a general denial of the charges and declared the payments made by Mr. Barrett were In full for his services. serv-ices. Tho statement adds: 'It is the Intention of the above firm to continue their business nnd glv the same servlce'to their clients as heretofore, and this suspension will in no way operate against the Interests Inter-ests of their friends and customers. Auy evasion of the commission law was technical and not. intentional, and there has been no splitting of commissions. commis-sions. a9 has been rumored." The firm has prominent w estern connections, con-nections, through Chicago and to tho Pacific coast. I , . |