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THE ATLANTA GEORGIAN.
WEDNESDAY. ATTODBT 1, 190*.
Starts an account with a LITTLE HOME BANK and
book only in the
SAVINGS DEPARTMENT OF
THE NEAL BANK
In,, •.m allowed at the rate of THREE AND ONE-HALF PER CENT.
PER ANNUM, compounded semi-annually.
E H THORNTON, President. W. F. MANRY, C.ihier.
H. C. CALDWELL. Asst. Cashier.
WA YS OF MR. JORDAN
NOT UNDERSTOOD BY
THE FARMERS’ UNION
Th* Sooth's Ideal College-Preparatory Home School ^
Georgia Military Academy :
College Park (suburb of Atlanta), Ga.
Your son's destiny i* fixed a* heparaas from 12 to 18 year*of age. The
will Fully f etisfy the peculiar needs of my
and Inaure his fulleU development, eoeial. moral, intellectual,
nhvalral ’ Correa pond e nee with u* will aid any parent.
P In this academy everv teacher is a apecialiat. everyonportumty it
afforded every boy. the full limit of attendance in reached every year.
Splendid equipment, perfect health. delightful Southern winters of
famous Piedmont region. 1.3100 feet above sea level. About M
Hr. with pr..id.nt snd faulty of 10 llUth.., rjar.1
and WKial tone. Select patronage from many .States. Regular military
drills rood gymnasium, modern readinr mom. wholesome athletica
S35 lr.ln-1 Sir-ctor, Ihoroosh I>r.pu»tio, for soy col].,, or th. .
al*(onal academiea, bookkeeping. stenography, typewriting, manual
national acaoemi Cot. J. €’. WOODWARD. A.M.
tramini:. music.
'Organization is 44,000 Strong in Georgia
And Its National President Talks of the
Southern Cotton Association and Officials.
WASHINGTON SEMINARY
North Avenue and Peachtree Street. ATLANTA.
For Girl. »nd Young Ladle.. Boarding Department atrlctly
limited to provide refined home life. Classes divided into sections
averaging about ted students to secure personal instruction.
Faculty of eighteen college graduates. Primary, academic, college
preparatory, music, art and elocution. Certificate admits to Vassar,
Wellesley. Etc. 28th Year begins September 13, 1906. •
Catalogue on application to
UNIVERSITY SCHOOL FOR BOYS,
STONE MOUNTAIN, QA.
A hams school limited to seventy boyi with eight experienced teach
ers. The largeet and beet equipped school gymnaelum In Georgia,
with a competent physical director. Opens September 12. Write for
catalogue. W. B. GRIFFIN, Principal, Stone Mountain, Ga.
w —rr J
THE ALABAMA BRCNAU
- ELTAULA, ALABAMA. ■ —
A high crude College-Conservatory for
/oung ladles. Thorough course In lite
rary, special nilvnntagea In tnnslc, art,
• - Orchestra of 15 Instruments,
new buildings located upon a
nt elevation. Ideal winter cli
mate. splendid health record. Ala. Dre-
nnu Chautauqua takes place of usual
rommeneement. Specially low prices.
Write for lilnatrated catalogue.
—■ ATLANTAyy
f/mme/laavU
ft WMITtHAVW
Thorough courses of Bookkeeping
and Shorthand at greatly reduced rates.
Good positions secured or money re
funded. Ask our hundreds of gradu
ates and thoir employars about us,
Clip this ad, sand to us, and raceivo
large illustrated catalogue.
MEET TO DISCUSS
THE POSTAGE RATE
II. & Harman, of Atlanta. Is sending
out a cnil for a mooting of tbe Southern
Trade Press Association, to be held in this
city on August 17 mid IS.
The principal matter to be discussed at
this meeting will ho tho recent act of con-
Mm In appointing a committee to look
Icto the question ««f raining tho postage
iat* *» 011 second-class matter in order to
make up to some extent the annual de
ficiency In the postofflre department. The
n.•••■ting will he umler the auspices of the
.Southern Trade Press Assoclatlpn. Hit at-
tea dance will be welcomed from all classes
of periodicals, nnd it is thought representa
tives of every newspaper organization In
the South will ho on build. Mr. Harman
experts to see between tlin-e hundred nnd
live hundred representatives present
PENNEY RAILROAD
REDUCES TICKETS
By ITlral. [.Dial Wire.
Now York, An,. 1.—Th. r.un.ylvsnla
ltnllroad Company will p«t on Ml. Hoplrrn
p, r 1 1.000-mllc tlck.la for $30. They will bo
i.illil on nil linen earn of rittsbnrg nnd
Ilrlo and will lie Irnnnffrablo. One-way
fnree la the name lerrilory will Iw nelueM
to rent, n mile. Thla la a cut of 1 cent
8ALOONIST FINED »5C0
FOR KEEPING OPEN 8UNDAY.
Ppeclal to The Georgian.
Savannah, On, August 1.—In the city
court yesterday Judge Norwood lm-
P'.ned a line of 1500 and coats on Pero
Alamaros, convicted of keeping his
saloon open on Sunday. Judge Nor-
Ml, NM that ha was determined to
break up the practice of keeping bars
open on Sunday.
WOODMEN OF WORLD
ORGANIZE A CAMP.
TAGGART SIDESTEPS
' PART! CONVENTION
Ily Private Leased Wire.
Indianapolis, Ind., Aug. 1.—Tom Tag-
fart will not attend the first district
Democratic conf resslonnl convention at
Petersburg today aa he hud announced
he would. It had been stated that Tag
gart would make a speech nt the con-
vent Ion.
After the raid on the French Lick
Casino, the arrest of Rambler* there
and the confiscation <.f their parapher
nalia, It was thought by the leaders of
the first district that It would bq. bet
ter for Taggart If he did not appear at
the convention. He took the hint.
I loo. R. F. Duckworth, national president
of the* Farmers* educational nnd Co-opera-
tlvp Union of America, which has a mem
bership of 41,000 formers lu Georgia, was
asked Wednesday by a Georgina reporter if
he had rend the reflections agalust the of
ficials of the Southern Cotton Association,
and uhat be thought of them.
President Duckworth said:
"I am not surprised. You see, anybody
can belong to the cotton association. It
allows cotton dealers to take port In the
worklugs of the association, and, of
murse, they will look after their own In-
terasts."
"What do you think of The Atlanta
Georgian’s charges that Ilarvle Jordan end
his counsel had caused the Southern farm
ers to lose thousands of dollarsT'
**I think It Is true. Cotton would never
have gone below Q cents, the minimum
price set by the farmers* union. If
Jordan bad not Oiled tbs papers full of his'
cry for 15 cents cotton. Ills srtlcles were
written lu such a way os to cause tbe Spin-
Mi,«( Iiv*Ml ta'Mfm that tbs farm-
ers of the South had gone wild." /
“Didn’t the farmers' union loHom Mf.
Jordan’s move?"
“So, no, no. The farmers’ ptflon has
never followed Mr. Jordan. He has fol
lowed us all tbe time, until be Weut wild
nnd dot-hin d top ].i cent cotton, aOd that J«
tho time bo got left."
•'What do you moon by his following
the farmers’ union?"
••I mean that the asroclatlon twice edop
ed the price set by the farmers' nnton,
won; but when It undertook to lend,
farmers suffered for Its blunder.’’
"To wbnt two times do you refer7’’
"The first time when the farmers’ u
set the minimum price In 1904. Tlio country
mil.hi* thriffighout the south mot Dcoomhe
17, 1004, aud ratified the minimum prl
named by the Texas officials. In January
1906, the Southern Cottou Assocfatlo
born, nnd nt Jtn birth Indorsed tbe prl
we lind set. Tbe second time was when
the farmers’ union offrlals. In August, 1905,
set the minimum |»rle© for the seal
1906-1906 at 11 cents. Tbe cottou association
met In September and Indorsed the prb
U cents. ,
"Mr. Jordan tried to'get tbo farmers'
union to reduce tbe price set below
• • r.t-* and we refuse.l Tle-n he tried
to got us to put up the price above
cents, and we refused. We never have been
abb* t" Minb-l>l:l lid ll.irxl.- .Inrd.m'H Hi"
lives to these strange propositions.
"The time Is not far distant when t
farmers will quit Ilmei.llig 1-» p'*lltl.-|n
nnd speculators in matters of this kind."
"What do you mean?"
"Please, don’t ask me any more ques
(Ions, ns 1 will say no more tor publication
at this time."
CHAS. D. FREEMAN
TO MAR VIE JORDAN
ON COTTON DEALINGS
COURT FINES NEGRO
FOR INCENDIARY TALK.
8p«clal In Th* Georgian.
Chattanooga. Tenn., Aug. 1.—Doolay
Jackson, a negro, has been lined $50
and coats by the city court on a charge
of Inciting a mob. His atatements con,
corning the white race are Bald to have
been made soon after the death of
John Parker, a negro who woe fatally
shot by Patrolman Clark.
Increete In Population.
Special to The Georgian. •
Chattanooga, Tenn., Aug. 1.—Accord'
Ing to a canvaa made by Captain K. H.
Phillips, the city has a population of
52,000 and that there are 15,000 chil
dren of school age In the.city. This
Is a gain of about 2,000 children of
school age and a gain of about 12,000
adults. .
HpeHal to Tbe Georgian.
Ilonmnn. Go., August 1.—Bunyon
Cheek, who has been here for-about a
urck, has been very successful In or
ganizing a ramp of the Woodmen of
the World at this place. About 25 will
be taken In tonight aa charter mem
bers, nnd Woodmen .of high standing
win be present from Elbert on. Hart-
v eil and Canon to assist In ths Initia
tion.
THE TRIPOD
37 N. Pryor 8t„ and a
DuvfiUm
ARTIST
Will bring you a ssmpls-card and
give you an estimate on Tinting
your wells with DECO-MURA, the
new sanitary Wall Finish,
Handsome Brass Pieces
We are displaying a magnificent collection of brass
wines just ndw. A few arc shown in our window.
Desk appointments, Jardinieres, Wood-Boxes, Coal
Scuttles, Unis, Smoking Sects and the like. Substantial
ami artistic.
MAIER & BERKELE
dreaand to Ilarvle Jordan* president of
tho Southern Cotton Association/ by
CfeMw D. Freeman, of Charles D.
Freeman & Company* New York. Mr.
Fieenwu »* one <*( th* beet known
brokers In New York, anil hJa firm baa
branches in New Orleans, Savannah
and Liverpool. He la an authority on
tin* "'ttnn inurk'-t, much In th- “nun*
light that Henry Clews la an author
ity cn things financial. Mr. l-’rcertrtn's
letter to Mr. Jordan Is on Interesting
one, dealing with the question ot buck
et shops and exchanges and strongly
defending the legitimate exchange.
The letter follows. *
Dealing in Cotton Contracts.
To Mr. lhirvl** Jordan. President "f
tho Southern Cotton Association, and
Editor of The Cotton Journal, Atlanta
Ga.
Sir: My attention, has just been
called to an article prepared by j you
for the Atlanta Credit Men's Associa
tion, and published In a rocent issue of
Thr Atlanta Journal. I have read il
w ith .some rare.
As I am a membor of the New York
• v»tt..n exchange and of the New Or
leans cotton exchange, and through toy
own Arm and that of my associates,
Messrs. Olbert & Clay, of New Or
leans, represent a large Southern clien
tele, dealing In spot cotton and cotton
contracts, I believe I may bo pardoned
for construing your attack upon tho
New York cotton exchango as a per
sonal one, nnd nlso os nn affront to
every Southern customer of aura who
contracts for cotton through these ex
changes.
As I understand it, the main purpose
ot your article was to forward tho
passage of a bill now pending in the
Georgia legislature, to prevent dealing
in cotton contracts in the state o
Georgia. I say I have read your artl
cle with enro, but I confess I have
failed to And one sound logical argu
ment In support of your contention.
You Indulgo In vituperation and wan
ton calumny In characterizing the New
York cotton exchango os a "den of
lnqulty," and a "clearing house of cor
ruption," and you make various bare*
Diced statements which would bo un
worthy of notice If It were not for ths
official position you hold ns president
of th© Southern Cotton Association,
and as editor of a journal which you
are attempting to make the recognised
organ of that association.
It Is plain enough to any reader of
your article that you not only condemn
and would destroy "bucket shops" and
"local exchanges," but also the New
York "den of iniquity” and every other
cotton exchange in the United States,
for you state that the Southern Cot
ton Association, in all Its stats and
national conventions, has passed strong
resolutions demanding tho enactment
of laws by all Southern states prevent
ing speculation In cotton contracts
through any source.
Hae It ever occurred to you that If
you and your association could ac
complish such legislation—
That, you would destroy the power
ful competition that has been built up
under the contract system—
That, the number of buyers would be
lose, and the price consequently lower—
That, buyers In control of large
amounts of capital could at opportuno
times secure better bargains than
now—
That, the whole volume of the con
tract business could be transferred to
Liverpool, Havre and other foreign
markets, thus placing us at the mercy
of foreign traders—
That, the fluctuation In prices would
be more unsteady and violent?
If you doubt that such would be the
result, I would refer you to the testi
mony of numerous cotton merchants
and spinners given to the United
States senate committee on agriculture,
and reported to the senate in Febru
ary, 1896. I especially recommend this
report to you because* It would en
lighten you upon some matters regard
ing which you seem to be densely Ig
norant. For Instance, you say:
"No spinner would think for a mo
ment of executing a purchase of a con
tract for cotton to be delivered at a
future date through the New York
cotton exchange with the expectation
of getting what he bought."
In a letter to the senate committee,
Mr. Elliot C. Clarke, treasurer * t the
Boott Cotton Mills, makes this state
ment: "It Is not unusual that '.arge
contracts for the manufacture of goods,
sometimes covering six to twelve
months deliveries, are offered during
Urn early summer. Sometimes It
would be Impossible to procure
promptly sufficient cotton to All these
contract* tft the time they are taken.
By means of the exchange the cotton
can be obtained when needed, and the
ado. I frequently have had occasion
! to «buy cotton In this way from respon
sible Arms"—and ho names three New
York Arms with whom p,. made con
tracts, other spinners make similar
statements.
Hut whin Mr. Shn-ktOH.
treasurer of the Merrimack Manufac
tunog Company', wrote to the commit
teo la csporlolly worth /-nir consldcro
tlou: "My onlnlotv’ ne said, "Is that
the system or selling cottm f r future
delivery li. a great convenicuoe te man-
facturers. It enables them to contract
ahead for their goods and to secure raw
material (<>v making tin* same at
certain definite prlc*-. It tends to pre
vent extreme fluctuations In price
which existed before tho exchanges
were started. With those mAnufac
tutors who have a large quick capital;
the best way H» buy their cotton Ih to
wait until It mines In freely In larger
quantities than a legitimate demand for
spinning will absorb. Without tho fu
ture system cotton used to crowd |n/i
the market, nnd the planter or fact'
would be compelled to accept tho best
price he could get, which was of great
sorvlco to those manufacturers with a
large capital, ns they could tako ad
vantage of the pressure and buy at ex
treinely nnd abnormally low prices.
This chance has been taken away from
them by the system of futures, and en
ables tho factors and planters to dJs
pose of their surplus at such a time
through tin* iiuilium of tin- cotton ex
changes, nnd enables them In this way
■ get bankers and others to carry lt r '
■ Mr. Edmund Dwight, treasurer of the
Stark .Mills, • \pit-NM-d to tin- «oinmlt-
thls opinion: "If ths planter
wishes to prohibit the system of buy
ing nnd selling futures, I think the
manufacturers should }et him have his
wish. The effect would be to cause a
large accumulation of cotton at the re
ceiving points, at certain seasons,
which, being held for actual cash
turchitaes. would And a smaller num-
•er of buyers than now exist There
would be times when tho load would
bo greater than the factors could car-
ry. an<l n buyer with mtdy in*m.*y
C-Iil'l buv |M grtat advantage. If fu
tures were abolished the number of buy
ors would be less, and the averago price
lower."
have quoted at length from this
tf-f-tlmotiy tak' ii In JR9.'», hta-aUM- It np-
I-lh-H with JuM u*8 much f«»rc»- to pt»-s» nt
conditions ns It did ten or twelve years
kgn^r ■■
Ot course you will not deny the fact
Mi.it . mm-ii.m ll m tout Ion* in |al. •*, mm
harmful to both the producer and con-
Min.'-i. and In tills • -mn.M thin I Invita
your attention to a bulletin published
by the United States department
agriculture, entitled "Production and
Price ot Cotton for One Hundred
Years." On page *0 a series of tables
Is presented, showing the rnngn
prices of middling cotton In New York
since the year 1921. These tables
show that prior to the establishment
of the cotton exchangee In this country
the Auctuatlons In the price of cotton
were far more extreme and violent
than they have been since the Inaugu
ration of the contract system. The
department's bulletin makes the fal
lowing deduction from a comparison of
SHIRTS
WELL
LAUNDERED
are indeed a luxury—also
a necessity such weather
as this.
But the-life of the shirt
must be considered. Wc
do high-class work with
out injuring the clothes.
Try Us and Se6
Excelsior Steam Laundry
4042 WALL ST.
TELEPHONE 41.
GIRL'S ASSAILANT
SAVED FROM MOB,
Trial aud Execution iu Ken
tucky Consume Fifty
Minutes.
By Private Leased Wire.
Mayfield, Ky., Aqg. 1.—AJ though full
10,000 persuos were on tho arene, only a ft
hundred wltuosod tho legal hanging her
last night of tho negro Allen Mathis,
criminally annulled Miss ItM McCtal
litut Wednesday evening.
Within fifty ruinates from the time th.
Jury was sworn, the negro had been tried
found guilty, sentenced, hanged nud i>
non need dead.
The exei-utlon look place ot 9 o’clock In
tho yard of the Jail. Almost the entire
fence nrouud the scaffold wns torn down by
the crowd which desired to witness the
hnnglug.
It was about 6:40 o'clock yosterday
Ing when tbe negro was brought here fret
r Depot
iroompniiL
srllle. Ths
y met tbe train and tin* negro
marched to flip mnrt house. Hoveral
attempts wore made to seise the negro,
and bo was twice la tbe possession of tin
mob
The soldiers surrounded the negro and
n number of members of the HopkIiisvIIIs
•«*mp:in\ w••!«• • i'iii|n'll. - 'l to draw iiH-tr om
nnd threaten to tine them unless tbe uml
fell baek. Tbe negro would have njet his
death by lym-hlug. bat the crowd derided
to let the Inw Inflict the punishment after,
It prortM-di-d that far.
YOUR EYE GLASSES
Aro nn Important factor In yoyp op'
pearnnee. The Integral Kryptok Invis
ible bifocals are dressy ond real eye
comforts. Fur nnd near vision In one
gloji*. Made exclusively by John L.
Moore & Fons. In Georgia, 42 North
Broad street, Predentin! building.
TRY A WANT AD
IN THE GEORGIAN
*1
th© range of prices since 1821: "Laav
Ing out the war period, nnd those years
when the crop of the United .states had
not reached a supply equal to that Just
preceding the war (Buy from 1806 to
117*), there tippoftrt to have been
trnduA) diminution In thn rang©
the Auciaationn being less dur
ng the decade 18S1-18D0 than at any
other period, that since 1890 being
slightly In excc8H because of a contin
ued movement In the price (occasioned
by tho enormously Increased crops)
which had not before existed." The
only excoptlon that can be made to thin
statement Is the violent fluctuations in
190t, when there was nn extraordinary
deinnhd for cottoo, occasioned by the
cry small crop produced.
You make the statement that Inst
ear tho South produced 10,500,000
■glee of cotton, while tho records of
tho big exchanges will* show dealings
In nearly :,on,onfM*no bales in the past
twelve months; that If every transac
tion had been a bona Ade one It would
have required the delivery of fully
2.'.o,uoo ( ono Imb-H of . .ittmi; thut tin*
legit linn t* laws of supply snd demand
are not recognised, etc.
Thoso statements urc merely pre
sumptuous. A contract for future de
livery Is something like a check or
bank note. A check for 1100 mny be
Indorsed to a number ot persons and
thus pay debts aggregating many times
Its face value before It Is cashed.nt the
bank. 'A $100 bank noto may during
the course of a day discharge $1,000 of
Indebtedness. And to a contract tor
100 bales of cotton may bo sold several
t ini'- < •Piling th<' 'lav, ..r rift \ tlnu-t !•• ■
fore It expires, and every time It Is
sold It In recorded as a transaction In
Pm ImiIi-w ..f cotton If U Mi-.nM In*
sold fifty times tin- expiration
of the contract or the day of delivery,
this would not moon that 6,000 bales
had been sold, but only 100 bales trans-
f. i ic«l iif'v Urn. -
As to tho oxchonges manipulating
prices in disregard of the laws of sup
ply and demand, tho assertion Is too
ridiculous for serious consideration.
There Is perhaps no closs nt business
men In the world who study so care
fully these economic laws. BInco the
organization of tho exchange they
havo hod better toeHIMes than any
other dans >.f IniHnoKrt men for ascer
taining and mti11 ■ IpTtlng tin* pmdtn trim
• >f th.* raw mat la I dealt In and lie-
demand for It, for, like no other great
commodity, practically overy bale of
cotton may be traced from tho place of
production to the place of consump
tion. The exchanges could havo no
existence If they attempted to Interfere
with tho laws of supply and demand.
Tho laws of supply nnd doinand are
i forceful us the laws ot phvslcs, but
Is duo to your efforts that the supply
ls been underestimated nnd tho de
mand exaggerated, which has resulted
HI S.M |.M|M I.,*- Id Hw I Id,In. .-I H ,,f , dt
ton during ths post year.
The Kouth will never forget, and
members of your own association so
state, that your 15-rent propaganda
has resulted In great and Rerlous losses,
os have the speculative transactions of
people who have basod their Judgment
on your assertions of a small supply.
our activity In support of the Boy
kin bill Is Interesting, especially as you
bring to bear upon it all (he false
reasoning of which you are capable.
There Is hardly a difference of opin
ion as to the advisability of suppress
ing "bucket shops.” as they aro really
the temptation for gambling for those
who follow your reasoning, and who
should conAne themselves to their le
gitimate business efforts; but It strikes
us all as rather absurd that, assuming
the attitude you do in the matter of
cotton contracts—Ignoring the fact that
they are the rpachtnery for the distri
bution of the cotton crop—you should
continue to foster as the secretary of
your association, Richard Oheatham,
who is said to be auch a large stock
holder In one of the "bucket shops" In
the city of Atlanta, Ga.
It la astonishing that yn iqtoto la
arrogate unto yourself credit for the
edvence In the price of cotton during
1005. Has It ever occurred to you that
the sole reaaon tor this advance was
the demand to supply the world's re
quirements?
Ae a Anal word on this question of
the supremacy of your Individuality, I
take this occasion to nenure you that
you can rely upon the growing Intelli
gence of the people of tho rfouth to see.
their own way to success on the broad.
t economical lines. They nr»* fully
Informed ot tho great work! factor?*
are at work. nnd. in tho near fu
ture. when the Kouth Is Spoken of a?i
tho most prosperous part of tho United
Htatea, do not toll us that its sorcoss
accomplished through your of-
\>i % 11 IIl v vntir-.
CHARLES D. FREEMAN.
uBI
HORSE THIEF LOOSE,
BARNS ARE GUARDED
By Private Leased Wire.
Rockville, Md., Aug. 1.—Joseph H.
Brown, notorious as n horse thief of
singular ability, pleaded guilty In the
circuit court yesterday to two Indict
ments charging grand larceny, com-
milted n dozen years ago. Judge Hsm^
dersim suspended sentence and releas
ed tho man on his own recognisance,
d it ing good behavior In onsequenop «
tho resident* of the Rockville nelghr
borhood arc* lm cn*ed and alarmed and
have purchased the entire stock of star*
hie locks and bars tho local stores of-
WORKING
Chases
Dirt
row THE
1910 EXPO.
Boost the Big
Show by ueing
OLD DUTCH
CLEANSER
EVERY TIME
YOU BUY A CAN
YOU MAKE THE
CUDAHY PACKING
CO. CONTRIBUTE
ONE CENT TO THE
EXPOSITION
FUND. A LARGE
8.FTINOTOP CAN
FOR TEN CENTS.
ALL GROCERS
BELL IT