Word: cutten
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...other end of the chamber. So did Secretary Roper and Attorney General Cummings. This Cabinet trio, constituting the Grain Futures Commission of the U. S., had summoned him before them to begin hearings in the biggest case ever handled by that tribunal. The little man was Arthur William Cutten, whom the Government described as "the greatest speculator this country ever had." Had he or had he not lied to the U. S. Government about how much wheat he owned "in order to manipulate the price of grain and thereby to make large profits...
Quickly the Government ticked off its charges. Mr. Cutten had misreported or had failed to report in 1930-31 his long & short positions of 500,000 bu. or more, as the Grain Futures Act requires. He had split his trading into 35 accounts in eight brokerage houses, putting the accounts under the names of relatives and associates. While each account seldom went over 500,000 bu., the total of all accounts often exceeded that amount. Would Mr. Cutten please show cause why he should not be barred from trading...
...Trader Cutten declined to take the stand. Instead his lawyer pleaded that during the period in question Mr. Cutten had hired a new girl secretary who, confused, must have handed in the wrong figures...
Last week the Cabinet trio was ready with its decision. It declared that on six counts the facts were true, ordered Speculator Cutten to be suspended from all U. S. grain exchanges for two years...
...Colgate's George Barton Cutten: Will it be rugged individualism or ragged collectivism? . . . We've taken better care of the idiot than we have of the genius. We have coddled the moron and starved the intelligent. Those with the divine spark we have neglected, while we've lavished money and training upon the pinheads. . . . Social legislation begs the unfit to become more unfit and cordially invites the fit to stop the struggle and vegetate...