Newspaper Page Text
THE ATLANTA GEORGIAN.
RICHARD CHEATHAM ON TRIAL
BEFORE S. C. A. INVESTIGATORS
(“three prominent figures
MIKE. O'CjR-ADK -
NAMES, DATES, PLACES, TIME
SPECIFIED BY ANDERSON
BEFORE THE COMMITTEE
Continued from Page One.
committer. All I am called upon to do la to ehow that the Information I
have Justifies an Investigation, end that la all I said I would do. except
that I would. If they wished It, assist the committee with such sugges
tions ns are In my power, and would co-operate with them.
THE CHARGE AGAINST CHEATHAM STANDS PROVEN.
As to the chnrge In regard to the carrying on of speculations In cotton
by an officer of the Southern Cotton Association In the name of Mike
O'Grady and In the name of P. A. Lee; tho officer I referred to In this
chargo Is Mr. Richard Cheatham, the secretary of the association.
For the purposes of this charge It la utterly Irrelevant and Immaterial
whether such persons as Mike O'drndy and P. A. Lee actually existed or
not, and It cuts'no figure whether Mr. Cheatham was carrying on specula
tions In cotton for actual persons or for himself under assumed names. In
either event. If It be true that he was doing so, the charge stands proven
thnt an officer of the association was carrying on cotton speculations In
those names.
I lmd no doubt that an actual person of the name of Mike O’Grady,
and possibly of the name of P. A. Lee could be found to exist In every
city of any size. As to this particular Mike O'Grady, I understand that
Mr. Cheatham has located him, and will produce him before this commit
tee. As to this, 1 submit the following suggestions: (1) The production
of Mr. O'Orndy to show that Mr. Cheatham was acting for him Is a dis
tinct admission by Mr. Cheatham of the truth of the charge I made; that
he, an officer of the association, was carrying on'a speculation In cotton
In the name of Mike O'Grady. (f) When the charge was first made on
the 24th Instant an Interview with Mr. Cheatham appeared In The Atlanta
Constitution on the 25th Instant. At that time, and In that Interview, Mr.
Cheatham denied having any knowledge of any such persons as O'Grady
and Lee referred to In my charges. The reporter who took that Interview
Is Mr. Edward Bruffey. He has been seen and says that the Interview Is
correct, as quoted, and that Mr. Cheatham did at that time make such
denial. A substantially similar Interview hod appeared In The Atlanta
Journal of the 24th Instant. The Interview had been published for five
days, and Mr. Cheatham had not disavowed It until the afternoon of July
80, after Mr. O'Grady had appeared on the scene. The committee might
confer with Mr. Edward Ilruffcy as to this.
CHECKS SIGNED “RICHARD CHEATHAM, SECRETARY."
I further charged that In the Mike O'Grady transactions 1 was refer
ring to the officer of this association who carried them on, signed the checks
or receipts for the money In an official capacity. I state now that those
- checks paid by Mr. Cheatham for the margins on tnose Mike O'Grady
transactions aggregated 84,000, and were drawn on the Fourth National
Bank, and jvero signed "Richard Cheatham, Secretary." I understand Mr.
Continued from Page One.
Leland, was present. Representative
Anderson, whose address In the lower
house a week ago started the Investi
gation, appeared before the hour set
for the hearing and chatted pleasantly
with Mr. Jordan. I. M. Moore, adver
tising agent of The Cotton Journal,
wo among the men In the office. He
end Mike O'Grady sat together by n
window and both looked bored. Hoi-
land Curran, who straightened, out the
books of the Piedmont Brokerage Com-
K ny and who Is said to know a num-
r of things connected with the In
stitution, appeared before the Investi
gation began. He Is now connected
with R. H. D. Slederburg ft Co.,
hew York, brokers, who have' an of
fice In Atlanta. 1 He has up to this time
refused to make any statement, say
ing that his firm hod requested him
not to talk.
“Will Talk, Cheatham Permitting.”
“I am supposed to be deaf and
dumb," he sold to The Georgian, "but I
shall talk If I secure Mr. Cheatham's
permission. It Is about his business,
you know,"
The committee organised by elect
ing M. L. Johnson, of Cass Station,
chairman, and W. H. Seymour, of
Montgomery, Ala., secretary. The oth
er members are John P. Allison, of
Concord. N. C.; J. D. Smith, of Mari
anna, Fis., and W. L. Peek, of Conyers,
Ga.
Mr. Johnson asked for the services of
the association's stenographer, and Mr.
Jordan agreed.
„ Mr - Anderson objected, stating that
it verbal testimony were to be taken
the services of a regular business ste-
nogrspher would be preferable.
Mr. Jordan stated the causes which
had led up to the appointment of the
committee by him.
-A Mu has Been Introduced by Mr.
Boykin with a view to dose up all
speculative dealing. The officers of
this association become active In se
curing the passage of the Boykin JolIL
On July 24 ft came up In the house. It
Was understood that Representative
Anderson was not In favor of the bill
“A whole," he said.
' Anderson Interrupted here to ex-
f)“h that the proposed bill would stop
Jll dealing when actual cotton was not
contemplated.
Anderson's Charges.
"Mr. Anderson," continued Mr. Jor
dan, "made tfie following statement.”
He quoted Mr. Anderson's remarks
•bout Mike O'Grady and P. A. Lee and
the officers of the association. He also
Tinted Mr. Anderson's explanation-on
the following day.
Chairman Johnson asked why Mr.
Anderson had explained his first state-
ment. it W as shown that Represents-
McMullen had risen on the floor
I'L'Z* Mr - And *”° n for * n —
In my position as president,” said
Mr. Jordan, “It Was my opinion that
c.n.S .*** tnnde by .Mr. Anderson
oi v ». r . an Investigation. I was the
official who could call for this
,i [.appointed the committee.
... ,ac.'dsd to Increase Committee."
‘ "* c, * , *8 afterward that we should
sern-Ji l V** r committee, which was
bs 'i, ' } a*so wrote Mr. Anderson to
,. fteeent and give such Information
mlfht tMMlAlg Iff, ur,.fo me ha
would come of his own accord. In his
letter he used the following language:”
(Here he quoted the'letter, which sug
gested that the Investigation should be
conducted In a businesslike way oi
otherwise It would take on the appear'
ance of a whitewashing committee.)
Mr. Jordan agreed with this and
urged the committee to go to the bob
tom.
"They should find out the character
of the witnesses," he said, "what bus!
ness they are engaged In, their stand
ing In tho city.
Wants The Georgian Investigated.
"I think <Jmt whereas The Atlanta
Georgian'has Issued entire editorial
pages of tirade against the officers of
the association, they should call mem.
bers of the Atlanta Credit Men's As
sociation and find out what Inspired
the attacks of that paper, and whether
It Is not the only paper In the state
which has taken that position. I want
the committee to go to the bottom and
find out all these things. At the same
time, I want the association^protected,
Anderson Takes the Floor,
Mr, Anderson then took up the In
vestigation. He stated that there was
no personal feeling.
i do not feel that the association Is
on trial,” he said, “and I do not think
that the charges. If proven, against
the officers, will reflect on the asso.
elation other than to have tho offend
ing officers removed. This trouble
dates from the session of 1805. The
Boykin bill went so far as to prohibit
hedging contracts, which are a neces
sity In the coton business. I drafted
a substitute bill when I found It hope
less to have them adopt a more con
servative measure. The bill I offered
went even further In stopping gambling
contracts and defined bucket shops as
different from legitimate exchanges
“Under the rules of the house de
bate was limited, and during the re
marks I made were certain statements,
which appear In full In The Constitu
tion of July 25. Previous to this I had
conferred with a friend who Is a merti-
ber of the cotton association, who
agreed with me that these things
should be brought out In the Inter
ests of the cotton association.” He
then read an extract from his speech In
the house.
Johnson Wanted Names.
Chairman Johnson asked If he would
furnish the'names of the men who
furnished his Inforamtlon, Mr. Ander
son replied that he was coming to that.
••That night," said Mr. Anderson, "I
talked over the matter with Mr. Mc
Mullen, Who stated that on the next
day he would give me an opportunity
to show that I did not refer or Intend
an injustice to Mr. Jordan. He did so,
but failed to observe that I was at that
time absent. I came In later and show
ed the written statement I had pre
pared, which was satisfactory to him."
Mr. Anderson then read his state
ment, as previously published, explain
ing that he had been cut short In his
remarks on the previous day and bad
not been able to continue, thus gfvftog
an Impression that his remarks re
ferred to Harvle Jordan.
Wsnted to Question O’Grady.
"I understand that Mr. Mike O'Grady
Is here to make a statement,” said Mr.
talk until he has permission
from Cheatham and Mr. OOrady. I
should think that If Mr. Cheatham and
Mr. O'Orady wish this matter Investi
gated they will ask Mr. Fagan to tes
tify. If .they do not. It Is In their pow
er to block this whole Investigation. I
want Mr. O’Grady to understand that
am asking him questions solely with
view to bringing out the facts re
garding the sold cotton deals and not
In any personal spirit.”
The committee suggested that Mr.
Anderson put his witnesses on the
stand In regular order.
Mr. Anderson then submitted three
letters and asked that Mr. Cheatham
sign the letters.
"All the Evidence You Want."
If this Is done you will have all the
evidence you want,” he said.
The letters were addressed to cer
tain brokers asking that the committee
be furnished with all Information de
sired. He asked that Mr. Cheatham
sign these letters.
Mr. Jordan Insisted that Hr. Ander
son furnish the names of all hls wit
nesses. Mr. Anderson said they would
all be named If Mr. Jordan would have
patience.
might possess. He wrote me be Andinoo, IX be U bere I should lute were willing; to sign the letters end
to ask him a few questions.”
“I shall answer any question you
may ask,” said Mr. O'Grady, "provided
I may ask you a few.”
Members of the committee objected
to questioning at this Juncture, saying
that other evidence should be com
pleted first. A conference among the
members followed.
"Make Charges More Definite.”
Chairman Johnson asked Mr. Ander
son to make h|p charges more definite
and give the names of parties the
charges were against. Mr. Anderson
agreed. He then read hls letter to
Harvle Jordan In which he accepted
the Invitation to' appear before the
committee.
Mr. Seymour asked If Mr. Anderson
would make hls charges. He said that
this would be no whitewashing com
mittee.
“It Is our purpose to go right to the
bottom," he said, "we want your as
sistance In every way.”
"I Will Provide WitneiMl."
Mr. Anderson said he would provide
witnesses to substantiate hls remarks.
Chairman Johnson suggested that
the witnesses take oath before a JuS'
ties. . •
Mr. Anderson said the committee
could not force anyone to take oath.
"I have prepared a written state
ment," said Mr. Anderson, "but I want
to ask some questions first”
"I Referred to Richard Chesthsm.
"I will state that the person I
ferred to as dealing under the names
of O'Grady and Lee was Richard
Cheatham.
The person-I referred to as being
Interested In a bucket shop was Arthur
A. Fairchild.
"I have no personal knowledge of my
own about these matters,” said Mr. An
derson. "I have refused to make any
public statement regarding my knowl
edge. There has been no statement
that GIL..: ft C!?r a*" any connection
with these deals until Mr. O’Grady
qiode a statement on Monday. Mr. Fa-
Cheatham courts Investigation and will ebneeal nothing from this commit
tee. That being so, hls check book nnd canceled checks of that time ought
to disclose these facts. If they fall to do so, 1 can show the committee
whero to obtain that evidence elsewhere.
I specify further that Mr. Cheatham personally opened the Mike
O'Grady account with the brokers, and that In tho various deals Included
In that account all the orders were given by Mr. Cheatham personalty,
and that the brokers never saw Mike O'Grady and never held any com
munication with him In these transactions, cither verbally er by letter, and
that all the reports, confirmations, etc., while addressed to Mike O’Grady,
were sent to Mr. Cheatham by hls Instructions. I specify further that when
the Mike O'Grady account was closed, the amount drawn down was re
ceipted for by Mr. Cheatham by simply filling out nnd signing O'Grady'*
name, without any "per" or other sign that Mr. Cheatham was acting as
agent for any one.
I specify further that the amount so paid to Mr. Cheatham \ty the
brokers to close this Mike O'Grady account was at Mr. Cheatham's re
quest paid over to him In the shape of two checks on New York, Issued
by the Fourth National Bank of Atlanta on March 31, 1808. One of
these checks for more than three-.fourths of the total nmount, to.wit:
32,730.88, was made payable to Richard Cheatham Individually and was
deposited by him In the Bank of Commerce and Trust Co., of Memphis,
Tenn. The other, and smaller New York check for 3888.02, was made
payable to S. B. Bedford, and first appeared in a bank os a deposit
to the credit of G. M. Urquhart In the First National Bank of Green
ville, Miss. That bank sent It direct to New York to be cashed.
CHEATHAM INDORSED P. A. LEE CHECK.
I specify further that the F. A. Lee account was closed by check No.
888 drawn on the Maddox-Rucker Banking Company for 3115. That check
was made payable to the order of P. A. Lee and was handed to Mr.
Cheatham In that shape. That check Is Indorsed P. A. Lee and next fol
lows the Indorsement "Richard Cheatham." That check was cashed by or
paid to the Piedmont Hotel and was deposited by that hotel to its credit
In the Third National Bank of Atlanta, Qa.
The proof of all these facts and all the details of the Mike O'Grady
and P. A. Lee accounts, as well as an Inspection of all the papers,
checks, etc., can be had by the committee from the brokerage house who
handled these accounts and from the banks which handled the checks, etc..
If Mr. Cheatham will give the usual order and consent from himself and
from Messrs. Mike O'Grady and P. A. Lee to their doing so.
(3) Ah to my other chnrge that some official In the Southern Cotton
Association office was connected wltn the bucket shop called the Piedmont
Brokerage Co. nnd held one-eighth of Its stock. The person 1 referred
to in this charge was Mr. Arthur A. Fairchild.
FAIRCHILD WAS MANAGER OF PUBLICITY.
I take It to be self evident that when a mnn Is not only paid a salary
but Is Invested with an official title, and particularly the Important title
of “Manager," thnt that man Is an official or ofllcer of some kind. Tho
Atlanta directory for 1806, page 687, shows that Mr. Fairchild Is an of
ficial of this association with the title of "Manager Publicity Bureau
Southern Cotton Association."
Mr. Fairchild has admitted that the charge Is true and that he did
hold one-elghth of the stock of the Piedmont Brokerage Co. He says
that he bought It early last spring and subsequently disposed of IL I
find that the concern was Incorporated In Montgomery, Ala., on May II,
1806. From the statements of various persons In the.public prints It ap
pears that Mr. Fairchild has disposed of that stock very recently. I am
not responsible for the varioug statements made by different persons as to
the history and character of the ownership of this stock. Their names
have been published. It Is for fbl* committee to say whether they will
Investigate fui tlier Into this branch of the matter, the charge Itself being
now admitted to be true. It the committee desires to Investigate further
Into this I am ready to submit suggestions for doing so.
I hand the committee a memorandum statement of the transactions
covered by the I*. A. Lee and Mike O’Grady accounts that I am referring
,o. J. RANDOLPH ANDERSON.
BE SURE TO SEE
Thursday Afternoon’s
NEWSPAPERS
For Announcements of a
Great
FRIDAY AND SATURDAY BAR
GAIN SALE
-AT-
BASS
others Involved were not, would It not
place Cheatham In a peculiar position?
"We have no record that Mr. O'Grady
or Mr. Lee, whoever Lee Is,” said Mr.
Beymour, "would be.willing to bring
out these transactions."
Mr. Anderson states that some of
the Information was In the possession
of a New Orleans house. It would be
furnished on authority from Mr.
Cheatham.
In response to a question Mr. Ander
son remarked that as Mr. Cheatham
had had authority to sign O'Drady’s
name to trades he would probably have
authority to sign O'Orady tp the let
ters requesting Information from the
brokers as to how the trades were
finally closed out.
Didn't Want Chesthsm to 8ign.
Continuous opposition to asking Mr.
Cheatham to sign the letters was shown
by Mr. Seymour and ths others of ths
committee.
Mr. Cheatham said that he was not
prepared with a lawyer. Hls official
record was open to the committee. He
asked to be placed In a position simply
to affirm or,deny any charges, brought
against him.
Mike O'Orady nrked leave to talk.
He sold that he had been In a peculiar
position, being referred to as a person
who did
not exist. He ssld that he
had been an acquaintance of. the Hon.
John Temple Graves for some time. He
accused Mr. Anderson of bringing him
In the foreground In a way he con
sidered neither manly nor fAlr. He
was called down by the committee.
Mr. Anderson then read hls state
ment.'which appears on the first page
of The Georgian.
Chesthsm Osts Mad.
During the reading of the charges
Mr. Cheatham sprang to hls feet and
protested against the statement that
he had made misstatements. Mr. An
derson denied any offensive Intention.
Mr. Cheatham asked If Mr. Anderson
had come to begin a personal alterca
tion.
During the reading of hls charges
Mr. Anderson stopped to say that he
wished to ask Mr. Cheatham If the
transactions mentioned In hls charges
were those which Mr. Cheatham had
admitted'carrying on were the same.
He said that Mr. Cheatham had stated
that they amounted to 33,000. while ths
transactions mentioned In the chargee
Involved 34.000. He said also that
there was no evidence that the checks
paid by the brokerage houses to Mr.
Cheatham aver reached Mr. O’Grady.
He stated that these checks were now
In the Fourth National Bank and that
Charles Lively could testify to
Chesthafn’s signing O'Orady’s name to
checks.
“He Had Full Authority.”
Mr. O'Grady Interrupted to say that
Cheatham was given bis full authority
to sign hls name.
Mr. Beymour asked If there was any
connection between the Piedmont
Brokerage Company and Glbert ft
Clay.
"None whatever,” said Mr. Anderson.
"Glbert ft Clay are a legitimate ex
change. The Piedmont Brokerage
Company Is a bucket shop. They are
antagonistic to each other.
"I have seen In the papers state
ments from Dr. Crawford, Barry Coth
ran and Mr. Love,” said Mr. Anderson.
"If the committee wishes they can call
for these men.
"I also submit this statement of the
P. A. Lee account,” continued Mr. An
derson, "and It might be well to com
ment on It. This account Included
only 200 bales."
Mr. Seymour suggested that no more
charges be read, but submitted to the
committee. Mr. O’Grady then submlt-
manuscrlpt which he asked
the committee to examine later.
Mr. Andereon continued hls test!
mony. He said:
The P. A. Lee Transactions.
'On the 5th of March Mr. Cheatham
deposited 3200 as margins. He bought
or ordered bought In the name of p. A,
Lee 100 bales of July. The deal lost
8140. Later he bought 100 July In New
York. This was sold at a profit of 360.
This left a balance of 3115, which was
drawn to the order of P. A. Lee and
given to Mr. Cheatham. It la now In
the hands of Glbert * Clay In New Or
leans, who will exhlb £ V. on demand.
"The Mike O'Orady account was open
ed February 18, when Mr. Cheatham
ordered and bought 100 bales May cot
ton.
"Richard Chesthsm, Secretary.'
"He made a deposit by a check on the
Fourth Nations! Bank for 81,000 drawn
In the name of Richard Cheatham, sec
retary, hls account In the bank being
In that form."
Mr. Anderson mentioned various
trades In the name of O'Orady show
ing that an additional margin of 81,000
was ----- -- -
ard <
and Tho Constitution had all published
editorials along this line, though Mr.
Jordan had answered only The Georg
ian. in which he attacked viciously the
New York cotton exchange.
Mr, W. R. Fagan, a former member
of the New York exchange, had stated
afterward that Mr. Jordan hed better
investigate his own office; there were
men there speculating In the name of
Mike O’Grady and P, A. Lee.
Mr. Cheatham asked here If Mr. An
derson's first Information had come
from Mr. Fagan. Mr. Anderson re
plied In the affirmative.
“I Just wanted to draw that ouL"
said Mr. Cheatham.
“Where Did You Get CheokeT”
"How did you get at those checks,
Mr. Anderson?” naked J. D. Smith, of
the committee.
"I obtained them through Mr, Fagan,
who obtained them from the bank,” said
Mr. Anderson.
An effort wns then rtiade to learn the
name of the bank official who gave out
the Information. This was not brought
out.
Mr. Anderson, In reply to a question,
stated that practically all hls Inform
ation had been obtained from Mr. Fa-
gnn, manager of Glbert ft Clrjf, brok
ers.
Secretary of What?
Chairman Johnson asked If • the
checks signed Richard Cheatham, sec
retary, showed what he was secretary
f. Mr. Anderson said they did not.
Hr. Smith asked If It was Intimated
that Mr. Cheatham had used the funds
of the association In carrying on pri
vate transactions. Mr. Anderson de
nied any such Insinuations, saying he
supposed tho funds of tho association
wero placed In some form from which
they could not bo checked by onq mnn
Mr. Jordan and Mr. Cheatham con
ferred together for several minute*
"All With My Money,”* 8ays O’Grady.
Mr. O'Orady said that alt the trades
were made with hls money, that Mr.
Cheatham did It as a personal favor
that Mr. Cheatham had told him In
Chattanooga that the wrk ,,r ti,.-
soclatlon would lead to higher cotton.
Naturally he (O'Grady) had desired to
make some money nnd had persuaded
Cheatham to place this for him In At
lento.
Mr. O'Grady desired to leave a signed
statement with the committee and re
turn to hls bunlnon* In Chattanooga.
Not O'Gredy’e Secretary.
"Of what was llr. Cheatham secre
tary?" asked the committee. "Did he
belong to your company nnd was he
secretary of your partnership?"
"No, he was noL" said Mr. O'Orady.
"Your only connection with theea
trades was to furnish the money 7” ask
ed Mr. Anderson.
•That Is true,” said Mr. O'Orady.
Mr. Chea|hom acted on hls Judgment
Judgment
and I regret to say thnt hls ■
was very poor," eald O'Grady. "If he
had any Inside Information he did not
use It to the adtltlm SC IMS MEM
"Cheatham Returned Only 82.000."
"I gave Cheatham 84,000 In two pay
ments of 32,000 each," snld O'Grady,
'He has returned but 32,000 of that
the dates In hls possession
from those given by O’Gt
differed
O'Grady to the
papers.
"The Journal Was In Error."
Mr. O'Grady stated that the papers
were In error and Mr. Anderson's dates
were correct. Mr. Anderson showed
that all the deals caused a loss at the
end, leaving a balance of 32,730.88,
which was paid In a check pajfible to
Richard Cheatham, and 3*88.03 paid In
a check to J. M. Bedford, afterward en
dorsed by a Mr. Urquhart, and sent
through a Mississippi bank to New
York.
The Georgian Was Not Alone.
Mr. Anderson said that Mr. Jordan
was wrong In saying that The Georgian
was the only paper which defferentl-
ated between bucket shops and ex
changes, as The News, The Journal
Mr. Cheatham had urged him not to go
Into cotton speculation, but had Anally
consented to place some money for him
In Atlanta.
"I have known Mr. Cheatham pos
slbly four or five years. I had no busi
ness dealings of this nature with him
before."
"Did Mr. Cheatham tell you that he
was In a position V° make profits r'
asked Mr. Beymour.
- "He did not,” said Mr. O'Grqfly.
"Did he get any commission from you
or anyone?"
"Not a penny,” said Mr. O'Grady. He
explained that he asked htr. Cheatham
to handle the trades because he did not
care to have hls speculation known In
Chattanooga.
"How Did Chesthsm Know?"
Representative McMullen, a member
of The association, asked leave to ask
a question. He wanted to know why
O'Orady seemed to think Cheatham
knew how the market would go.
No definite answer was given.
"I am not acquainted with P. A.
Lee,” said MrTo'Orady. "I know noth-
" him."
Anderson then read COrndy's
letter to Cheatham, saying: "Your tel
egram leads me to think there ts some
thing doing In cotton.” He asked what
was In the telegram.
"I think he said there would be a
bull (movement) In cotton,” said Mr.
O’Orady.
"Who Is this 'Rosy* to whom you re
fer?"
“Who is This Roseyr
Mr. O'Grady refused to state publicly
though he offered to give the commit
tee privately the name of “Rosy.”
Chairman Johnson asked If Mr.
Cheatham bad not used the money
furnished him as though It were hi*
own, placing It with hls own In ths
bank and checking It out In hls own
name. Mr. O'Grady said this was true.
Mr. O'Grady said hls total loss was
8210 through hls deals with Mr. Cheat
ham. Ha had recently received a pay
ment from Mr. Cheatham on acrount-
Mr. O’Grady stated that he still had
some cotton ffiesJs pending, but not
with Mr. Cheatham.
“Is Cheatham 8tHI Holding 32,000?" I
Mr. Anderson asked If hls deals with
Mr. Cheatham were over, why was Mr.
Cheatham still holding 82,000 of
O'Grady's money. Mr. O'Grmly said
that Cheatham would pay this at the
proper time. Ills drain were dosed
with Mr. Cheatham. No speculative
deals were pending.
"The last Investment made for me
by Mr. Cheatham was In the Inst thirty
days,” said O'Grady. ".Mr. Cheatham
and I have not straightened out our
llnanclal accounts.
Advice Within Last 30 Days.
"Mr. Cheatham gave me some advice
In a deal within the last thirty days,
but the lost trado he made for mo wan
In March.”
Kir. O’Grady then asked Kir. Ander
son a few questions.
Ts your seal in this mnttor In the
Interest of the Cotton Association or
because you wish to block legislation
for tho Boykin bill?"
Mr. Anderson replied that he had
made hls remarks previous to tho
passage of the bill. This had stirred
up the Investigation nnd he had come
In response to an Invitation.
Mr. Chestham v s Statement,
Mr. Cheatham then gave the follow
ing statement to the committee:
"To the Committee: I dy not at the
present tlpie, nor have I ever directly
or Indirectly, In any manner, owned
any part of, or any Interest In a buck
et shop or wire gambling house.
"I have never speculated In cotton
futures for my own personal gain.
'As you well know, all funds be
longing to the Southern Cottton Asso
ciation are held by Mr. F, 11. Hyatt,
treasurer, of Columbln, S.* C„ and n<»
part of them can be drawn or used
xcept through tho medium of an of
ficial voucher with seal placed there
on, nntl signed by th** president of the
association, together with the signs -
tiii** *>f tin- Miiet.'iry. This form Is
the only one that can bo used of
ficially.
“It Is also well known that neither
the Southern Cotton Association nor
Its ofllcers have ever hod any Informa
tion regarding the cotton crop that
could have been used by Its officers In
am manner wh.uti-ver t«. advance the
financial interest of themselves or
their friends, na no report that htta
over been Issued Influenced tins spec
ulative price of cotton us much as two
points.
“I have, at tho request
resident friends of mine, p
future transactions,
which has been spoken of
Mr. O'Orady Is answered
self. The other which wi
the nnino of P. A. Lee, ’
transaction nnd the money
In my hands by this party
to make the trans
reveal tho Identity
will say that In
>f two non-
ared orders
The one
is being for
’or by hlm-
s placed In
as not my
was placed
with which
I will not
if this person, but
transaction was I
Interested personally, or to any extent
whatever.
'The Southern Cotton Association
hns placed Itself on record a number
of times as being opposed to the sys- .
tern of cotton future gambling which
now In existence, nnd I have al
ways felt thnt the abolishment of the
system In the South would be of great
benefit to the producers of cotton. I
personally will always tight to tho best
of my ability for the entire Abolition of
tho system as is carried on today In
tho cotton states.
‘I welcome any Investigation of my
official acts In connection with tho
Southern Cotton Association, but t
claim that I have rights os n private
cjilxen, under tho Jaws of tho state,
and fssl that my ,t< t* a-> such should
be charged against me personally and
not against the Southern Cotton As
sociation."
Adjournment was taken at 1 o’clock
for luncheon, the mvestlgatlon to be
gin again at 2:30 o'clock.
GEORGIA MARBLE
EOR NEW POSTOEEICE
None of the nfflrlnls
service In Atlnnt
Supervising Arcl
Intended visit tl
into the matter
building to be ei
The first I I
published In Tin
snld Postmaster
Ing. The article
on n telegram re
architect by Co
state?! thnt he «
l’4>*tmn*tcr ltl<r
would be consulted In
the poatottlce df'pa
re space t‘
nt of ths
to In* nnilerntood
S it the various h
Hr 4lepnrtmentn
IldlBg so as to
sired apace,
••I think nnd f.
building should hi
material.’* -dd Mr
ter* of that Wind
F th- supervising
lie HMld tieorglK
gfvt reiiMoim
the government
any advice from
Taylor of hls 4
TRY A WANT AD
IN THE GEORGIAN