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THE ATLANTA GEORGIAN. Turns DAT. AI*C1C0T testimony at afternoon and night sessions of THE COTTON ASSOCIATION INVESTIGATION After Ten Hours of Listening Commit tee Called it Off. The hearing of the evidence in the . ..He.ilon of Richard Cheatham, "J e iry of the Southern Cotton A.- ?" «ai taken up Wednesday :"n at . o'clock, after a recce, luncheon. A number of Interest ?' Ivltneeaea were examined and the continued until 7 o'clock, when Tnoiher recce, waa taken for dinner, i nhrht eeeelon, which continued until it o'clock and which cioaed the evi- aence, **»£*'* Q0N 8ES SION, The committee took up the Invest! .atInn at 3 o'clock. A crowd even larger than that at the morning eeeelon was present. \\* R Fagan, manager of Glbert & L-lav appeared on an Invitation from ,he"committee. He took the etand. Mr Andereon, upon being requeued by Chairman Johneon. acted ae queatiorter. • Mr Kagan le ready to answer quee- tlons if Mr. Cheatham agree*?' aald Mr. A "That", up to the committee,” eald Mr. Cheatham. am not conducting this examination." • Mr O'Grady refueed thi, morning to permit hie private affair, to be ex posed,” he eald. “If Cheatham Wanted Investigation, Mr Cheatham refueed’either to for, bid or permit Mr. Kagan to make.a statement. Mr. Anderson urged that If Mr. Cheatham were really anxidu, for a complete Investigation he would consent to have Mr. Fagan talk. Mr. Fagan waa only waiting for -the per mission of Mr. Cheatham, who wa, the only man Kagan had known In the transaction,. • Mr. Andereon began by a few pre liminary questions, relative to hi, posi tion at Glbert & Clay's. Mr. Fagan staled that he knew all about the Cheatham trade and with Mr. Cheat ham’s consent wa, willing to make a statement. ..... Mr. Cheatham remained ailent. •There you are, gentlemen!” said Mr. Andereon to the committee. “I Was Indignant.” Mr. Seymour, of the committee, asked why. If Mr. Kagan had given this Information to Mr. Anderson, he re fueed to give It now. • I gave this Information to Ander son." said Mr. Fagan, “because the pa- lier published by Mr. Jordan had made a bitter attack on the New York ex change. and I was Indignant. I told .Mr, Anderson that If Jordan would look Into his own business household that he would find out thing, about aome speculation there. No Suggestion to Give Consent. Mr. Seymour continued to ask why Mr. Kagnn refused to make a statement without Mr. Cheatham', consent, but no member of the committee suggested that Mr. Cheatham give that consent. Mr. Anderson believed that the stage • had been reached where Mr. Kagan should proceed without Mr. Cheatham’s consent, If he had tried to secure this consent nnd failed. The committee then agreed that such questions be asked as Mr. Fagan might be willing to answer. “It never occurred to me,” said Mr. Anderson, “that Mr. Cheatham, after asking for an Investigation, would re fuse to permit any question that would throw any light.” "Oh, shucks," remarked Mr. Cheat ham. - Mr. Kagnn then answered questions put hy Mr. Anderson. He said that Cheatham had placed orders In the name of o'Grady. All communications addressed to O’Orady, care Glbert A Clay, had been turned over to Mr. Cheatham by the latter's instructions. Mr. Kagan wa, then shown »copy of the transactions said to have been made by Cheatham. He confirmed the statement as shown. “Richard Cheatham, Secretary.” Mr. Kagan states that the deposit of 14.000 for margins wa, made by Cheatham In checks otj the Fourth Na tional bank and signed "Richard Cheat ham, secretary.” When the transactions were closed out In March Mr. Cheatham asked Mr. Kagan to pay him the amount due In two checks on New York, one for tt,- • 3n.9o to Richard Cheatham; one for 1989,0- IO s. B. Bedford, Mr. Fagan Stated, and these were paid In New York and returned to Atlanta. Deposited by Cheatham. The Cheatham check bore an In dorsement of Mr. Cheatham and no one else. It first appeared In ihe Bank of Commerce, at Memphis, Tenn., as a deposit by Richard Cheatham. The other check, payable to S. B. Bedford, was given to Mr. Cheatham, ihe first Indorsement was "pay to O. M I jquhart, a B. Bedford.' 1 It waa deposited In the First National bank, of Greenville, Miss. Mr. Kagan had seen these checks. , Mr. Kagan stated that he did not •mow Mike O'Grady In these transac tions. He learped Sunday night that it was the some O’Grady who waa for merly a baVtender in the Read houae at there '"' 10 * 8 ' Bnd whom he had known Mr. Kagan said that when Mr. < heutham closed out the P. A. .Lee £«*« h * ha(l been given a check P r ’MS-payable to P. A. Lee. Mr. »^!?’ > '?, J d d not hnow Lee personally, and did not know who he was. The bee orders had been placed during the same period as the orders of O'Grady. They were handled by Cheatham In the same way as the O’Grady deals. The check to Mr. Lee had been drawn on the Maddox-Rucker Banking Compa ny. It waa then Indorsed by Leo and next by Richard Cheatham. It waa then paid to or cashed by the Pied mont hotel. The checks deposited to cover the margins, amounting 34,000, had been signed "Richard Cheatham, secretary." Indorsements, Richard Chaatham. The Indorsements on the checks paid had been simply "Richard Cheat ham.” Mr. Kagan aald when he received the checks signed "aecretary" he took It to mean that It waa as secretary of the Southern Cotton Association. He said that he and Mr. Cheatham had been friendly. They were naturally not friends now. In response to questions by Mr. Sey mour, Mr. Kagan said he had bren with Mr. Cheatham to some extent and wna rather friendly. Something Doing in Cotton, When Mr. Cheatham opened his ac count he told Kagan that he thought there would be "something doing In cotton." He said be wanted to open the account In the name of Mike O'Grady. It was Mr. Kagan's lmpres' slon that It was Cheatham's own ac' count. He could not state positively that Mr. Cheatham had not said "for Mike O’Grady.” Most of the further trades had been handled by tele phone. Mr. Fagan Rented that he told these things to Mr. Anderson with a view to Influencing legislation on bucket shopa or exchanges. Mr. Kagan said that he had once sug gested that Mr. Cheatham buy some cotton, during the period of the trades, and Mr. Cheatham had done ao, re sulting In a profit. Mr. Cheatham asked If It waa not true that he had told Kagan that O’Grady waa a Chattanooga distiller, who might make a gcy>d customer. Fagan Reoalled It. Mr. Fagan aald that now that Mr. Cheatham recalled It, this was true. Mr. Cheatham had offered to give him a bottle of whisky sent him by O'Grady. Mr. Kagan stated that he made his statements to Anderson prompted by a spirit of Indignation. What Is the difference between a bucket shop and a legitimate .ex change!" was asked. "Orders placed In a bucket shop are not executed on the floor of any ex change.” said Mr. Kagan. "Does or did Mr. Cheatham own any stock In the Piedmont Brokerage Cpm- ** ’/have been told so by Mr. Hamilton Kraxler.” said Mr. Kagan. Mr. Cheatham submitted a telegram from Hamilton Frailer, of New Hamp shire. stating that ha knew nothing of the Piedmont Brokerage Company. Frazier Said Cheatham Owntd Stock. Mr. Anderson stated that he had a statement from Mr. Hamilton Frazier directly at variance with this letter. An affidavit waa produced In which several witnesses swore that Hamilton Frazier had told W. R. Fagan that Richard Cheatam owned an eighth In terest In the Piedmont exchange,, but that this stock was In the name of Hotze and afterward transferred to A. A. Fairchild. Mr. Kagan said that when Cheatham told him that O’Grady was a prominent distiller It did make an Impression that O'GTady' was really running the ac-- count, but he had not recalled this until Mr. Cheatham reminded him of during the Investigation. When he was Instructed by Cheatham to read communications to him and receive checks signed by Cheatham, he then gained the Impression that Cheatham was conducting the account for him self under another name. Mr. Graves Testifies. John Temple Graves then took the stand. He said that He had been drawn into the discussion by personal comment. A criticism of him had ap peared in the papers. It placed a wrong construction on his position regard ing the difference between bucket shops and legitimate exchanges. Ha was In possession of Information given by Dr. Crawford regarding the own ership of the Piedmont exchange. All DR. CRAWFORD'S TESTIMONY IN RE RICHARD CHEATHAM In his evidence before the Invest! gatlon committee Wednesday afternoon Dr. J. M. Crawford made a statement which reflected harshly upon Richard Cheatham’s love for the cotton planter and his motive In the attacks on the bucket shop in the columns of The Southern Cotton Journal. It was while Dr. Crawford was talking of Cheat ham's alleged connection with the Pled- mont Brokerage Company. In which Dr. Crawford Is a stockholder. "In a conversation at the Piedmont hotel I reproached Richard Cheatham with being two-faced,” said Dr. Craw ford. "I told him that In his attacks on bucket shop^ he was hurting our business, meaning his and mine, and Inquired why he did It. "Cheatham closed one eye and leaned back In his chair. "'Doc,' he said, 'that la the greatest Card we ever plsyedi I got a batch of orders from those farmers today that waa ao high.'" Dr. Crawford measured a • height about two feet from the floor with hla hands. Dr. Crawford's statement was. sum med up. that he Invested In the Pied mont Brokerage Company with the clear understanding that Richard Cheatham was an owner of one-eighth Interest ‘8s said that he had always considered Cheatham aa one of the company, had known he was Intimate with Manager Hotze, who conducted the shop, had talked with Cheatham In an undertone of cotton matters and al ways as If Cheatham were with him In the company. He admitted that Cheatham had not told.hfm directly (hat he was Interested In the shop. He said that Cheatham had called him over the telephone a short time before and had asked whether he (Cheatham) had ever stated that he owned an Interest In the shop. "That conversation closed by Mr. Cheatham's asking me to let him down as light as I could,” remarked Dr. Crawford. The wltnesa stated that Manager Love, of the Piedmont exchange; had once told ' him that Cheatham and Hotze, manager of the bucket ihop at that time, hail apent a great part of the night together In preparing a car toon for The Cotton Journal. The proof of the cartoon Incident was not brought out. It waa afterwards stated, though not before the committee, that It was probably, an editorial and not a car toon which had been meant. If any thing had been prepared. T COUNTY STREET iDE H. CJ. Uubbard, a clttxeu of Atlanta, living near the river car line, appeared tMtforc the county commissioner* nt their •esalon Wednesday morning and Implored the aaalatauce of the commlaalonera In forc ing the contractor having In charge the construction of the near road near the river line and the property of Dr. Droves, to widen the same to 50 feet. In accordance with an ordinance passed by the commis sioners some time ago The evidence atilnnltted by Mr. Hubbard waa to the effect that where the Louie- vllle and Nashville road croses the new ■treet, the contractor la making the width but tt feet, which, with a car line, inakea the driveway exceedingly narrow. Aa the coitimlaalonert bnd instructed that the road should Ih* 50 feet wide, It wna morad that the general counsel of the road I* Instructed to see that the street waa.made the required width nt once. A. A. FAIRCHILD SUBMITS CARD TO THE COMMITTEE 1 am an advertising man and compiler of considerable experience, nud, as you are all aware, am employed to hare published the official proceedings of the association, which has been done to the satisfaction of my employers. as you well know, not elected by the members, and my only duty In connec tion with the Southern Cotton Association Is to look after the work connected with the aforementioned l»ook of proceedings. I am never counseled by any of the offi cers of the association aa to what they shall advise the members and followers. My counsel is never offered or sought, therefore I have always considered It my privilege to do and act aa 1 see fit; pro vided Tt does not reflect upon nny of my employers or the Southern Cotton Associa tion. With this In inlnd. 1 Invested In n bucket shop, never for one moment think ing that anyone could • connect this trans action with the officers of the association case, a stock. Inasmuch , T 3 motives I will not endeavc. continuing to use this Information, volun tarily given out by uivself. as a weapon agnlnst the officers of the association, thereby making a direct reflection upon [rent organisation the gentlemen I have had the honor serving In an humble capacity. I wish to atate to the Southern Cotton Association that you have my profound respect and admiration lu conducting the campaign you are now engaged In. ah though personally roy Ideas are not en tirely In accordance with yourown. This Is the first expression 1 have ever made as to what my Individual opinion la along these lines, nnd I trust you agree with mo that I have a perfect right to my convic tions, liecanae they are mine only nnd have no Influence upon the public, nnd If they did you are too great and lieneflclnl an ~ gaulsatlon, “ ‘ '* *“ t-n.pt to l_ H-AIBO nil nrt‘ .(HI xmu ■ nil lu-iipru-ini nn nr- itlon. for mo to permit myself in at* to Injure you lu tlir .llehiest ilexrrt*. that he knew had been learned from witnesses. Mr. Anderson. Mr. Fagan, Dr. Crawford, Mr. Cothran and oth- ""fiolonel Grave* had no direct Infor mation that Mr. Jordan was connected with any exchange or had speculated on the market. He had heard that Mr. Jordan had been connected In some way with a New Yorker whose repu tation waa broader than It was savory. This waa a rumor and had been treated aa such. He said that In the Georgian of that afternoon, Wednesday, there were published criticisms of Harvle Jordan which, In his mind, furnlsned a sufficient basis for Inquiry as to Mr. Jordan. Pstors Hsd Been Dismissed. It was shown that 2k 8. Veters, of Texas, who had written a criticism of Mr. Jordan, had been dropped as an of. fleer of the association. It waa prov- however, that hla letters to The Georgian, aa well aa to others, was written upon the stationary of the cot ton association and bore his name. Colonel Graves stated that when he se cured the communication he had not known that Mr. Peters had been dis missed from the association. Wanted Dr. Crawford Invitsd. Mr. 8mlth, of tho committee, sug gested that Dr. Crawford he Invited to tell what he knew about Mr. Cheat ham’s alleged connection with '.h* Piedmont exchange. He said that if they did not hear Dr. Crawford some newspaper might criticise the commit tee. No action wus token at this time. In answer to questions Mr Ander son admitted frankly that he made •he charges befer- the house believ ing that such charge* would Influence the legislation on tho Boykin bill. It had slopped thtra he would not now be before the committee. He was op posed to the Boykin bill because It did not go far enough In prohibiting bucket ehopa ond It prevented necessary hedg Ing by cotton dealers. The point he was lighting for was hedging con tracts. Mr. Jordan asked why the bill was Indorsed by the commercial organiza tions of Georgia If It Is Injurious to business Interests. Mr. Anderson snol that the Indorsement of the Atlanta Chamber of Commerce was an Indorse ment of his position, as the organize tions only wanted to .force oit the bucket shops. A discussion if :he Boykin bill bo tween Mr. Anderson nnd Mr. Jordan ensued. .Mr. Seymour Joined In the dlscueslon and voiced hla own opinion. Mr. Smith moyed that the committee proceed to business. Barry Cothran next took the stand. He said that Hamilton Frazier had ap proached him and asked him to take stock In the Piedmont exchange. “Chaatham Owned an Eighth.” "Mr. Prazler told m« that Mr. Cheat ham was an eighth owner In the Pied mont bucket shop. I have seen Mr. Cheatham with Mr. Hotze, manager of the bucket shop, a number of times, and had always understood that Cheat ham owned etock In the bucket shop, ' said Mr. Cothran. He knew nothing of his own knowl edg* that would prove that Cheatham had any connection with the change. Mr. Cheatham had never traded with Ware A Leland, which was managed by Mr. Cothran. Mr. 8eymour asked If Ware A Le land had not sent out a message over Its wire to Montgomery, Ala., that Mr. HERRING'S CATARRH CURE IS A SPECIFIC FOR CATARRH IN ALL STAGES ' It will absolutely and permanently cure nasal, throat and bronchial Catarrh, Catarrh of the Stomach and Catarrhal Deafness. H. 0. C. is a local treatment and a blood medicine in ‘">c prescription. Guaranteed perfectly harmless; con tains no alcohol, opiates or narcotics. For Sale by all Druggists af $1.00 a Bottle onr »r— HERRING MEDICINE CO., Atlanta, Ga. worth of property fn Atlanta. Mr. Cothran replied In the negative. Mr. Cheatham questioned Mr. Coth ran. He asked If Frasier had not told Cothran that W. R. Kagan*was a part ner In the Piedmont exchange. Mr. Cothran denied this. Mr. Cheatham said thaf Kagan had stated this to be a fact. Mi*. Cothran denied that he had told Dr. Crawford It would be well to go Into the bucket shop at the Piedmont. Mr. Cheatham asked that the name of Harvey Johnson, of The Journal, be taken, and Mr. Johnson be questioned on this matter. Mr. Cheatham endeav ored to show that Mr. Cothran had worked In the Interest of the bucket shop. Dr. ('rawford was sent for to make a statement. Holland Curran Called.’ Holland Curran, of R. Seldenburg A Co., was the next witness. He stated that he would answer questions, but would make no statements without the consent of Mr. Cfieatham. Mr. Cheatham refused to give either consent or refusal, Mr. Curran then said he would take this as consent. He thought that If Mr. Cheatham had nothing to be ashamed of he ehould not object. He had handled some cotton, he said, for Mr. Cheatham under the name of Mike Jones. Cheatham had said that Jones lived In Chattanooga, .’fall had been sent to "Mike Jones” In Chatta nooga and returned by the postoffire. The last transaction had been on July I. Mr. Cheatham had come to him and said: "Buy me 400 October." They had asked him what name and he had eald: "Make It Mike.” ”‘Mlke Jones,’ Said Cheatham,” When aeked for another name he hed said: "Mike Jones." Mr. Curran had tried to get acreee to the books aft erwards, but had been refused. Mr. Cheatham's checks had been signed Richard Cheatham, secretary." Mr. Cheatjiam had lost all his margin and 145 more, which waa paid by him. Mr. Curran said that the account had been run In the name of “Mike” for a week, and then the name of "Jones" bed been added. "Why did you take It for granted that Cheatham didn't want his name known?" was asked., Because Cheatham was a trusted officer of the association, and I thought he wouldn't went hie name known," ■aid Mr. Curran. "• can prove that Mr. Cheatham traded wltb us by cancelled checks on the Fourth National bank given by him. These were signed by him as secretary, and 1 took It that the money was that of the cotton aasoclatlon. “The first Intimation I had of this Investigation was a notice not to ap pear from J. B. Cheatham, manager of my company,” said Mr. Curran. "I came on my own hook because of Mr. Richard Cheatham's attacks on the broker^ and my profession. I'Myi employers ordered me to say nothing to anybody about this matter, but I don't care a continental what anybody says when I think I am right, “Cheatham Celled My Manager Off.’ "Mr. Cheatham called my manager, J. B. Cheatham, off In a corner last Sat urday nnd conferred with him. He had spoken:to me grufTly aa- he came In, but after hie talk with my manager he came out and slapped me on my back,' said Mr. Curran. The committee suggested that Man ager Cheatham be called to testify. Mr. Curran said that Cheatham had said he would not Ap&rsr—that “all of them seemed to be scared about something.” Mr. Curran said that he had opened the books for the Piedmont Brokerage Company. The name of the stockhold ers did not appear on the booke. He did not know that Mr. Cheatham was a stockholder. He was under obliga tions not to give any Information re garding the affairs of the Piedmont Brokerage Company. Put Under Obligations of 8iltnco. He waa put under this obligation at 4 o'clock Tuesday by Mr. Love, man ager of the Piedmont Company. Mr. Curran said he had severed hla connection with the Seldenburg com uany when he decided to appear at the Investigation. Mr. Cheatham aatd that Mr. Curran's story waa not correct In ell details. The committee Interfered to stop high words between Curran and Cheat ham. Nothing Against Jordan. Do you know of anything against Mr. Jordan?" asked Mr. Seymour. "I know nothing,” ihlrt Mr. Curran. "A. C. Moreland, a member of this association, came to my office a num her of times ond Interested himself busily In finding out things about Cheatham,” said Mr. Curran. Dr. Moreland waa called In. He said that he knew nothing of his own knowledge, but he had lost money in speculating and had naturally been In terested In such matters. He gave no further testimony. Dr. Crswford Appssrs, Dr. J. M. Crawford was Introduced. He said: Mr. Cothran came to my office some time ago and asked ms to put' some stock In a new brokerage com pany. He told me earns > f the men who were to be In It. He and Mr. Frasier told me that Hli-hard Cheat ham would he an owner of stork In the exchange. Afterword 1 met Mr. Cheatham. I never lukeii him if he were a stockholder, but we talker al ways In an undertone and ns If ha were n stockholder. Chtathsm One of the Sis, Holse, the manager, . afterward wrote down the names cl the six itnrkhcloert ot the bucket shop and Cheatham's name was on the list. Mr. Hrtse wrote these down for me at my request. We never epoke about these things for some men don't want their names known. “Severn! time* I got after Mr. Cheat ham about going after the bucket shops In his paper. I looked on It aa Having fores to pluy up this to help the Cotton Journal, and at the same time hurt our business, In which he was engaged at Ihe same time. I got after him In the Piedmont and he ■hut his left eye and said: ‘"Doctor, thM la the greatest draw ing card of the day. I got a batch of orders from those farmers today that high,' (measuring Iwo feet with his hands). “Mr. Cheatham told ms he was go ing to New York end he thought that there would be something doing in cot ton and would telegraph me. 1 told him not to be too plain In his tele grams. He did not telegraph me and he explained afterward that there had not been any Indication of a change. “Talked ae Though He Wore." "Cheatham iskid me a short lime ago If lie had ever told me he wns a stockholder. I told him, no, but lie had talked with me ae though he were ( lie. 1 had always had that Impression. In the last past of hla conversation he asked me to 'be as easy on him as pos sible.' "Mr. Fairchild told me two weeks | ago that Mr. Cheatham was not stockholder. I replied that Mr. Cheut- i ham had possibly transferred his slock to Fairchild. Why Did Hotze Skip? "Why did Mr. H.xtze, tho manager of I the Pledriiont Brokerage Company, | leave the city?" was asked "Possibly they made It too hot for| him," snld Dr. Crawford. Dr.- Crawford stated that hla sole motive In nailing these statements was because he thought that Cheat- ham was acting wrongly aa a stock holder. “I Believe He Wes Stockholder.” “I honestly believe that Cheatham | wac a stockholder," aald Dr. Crawford. “If I had not 1 would not have gone ] In. I thought that when anything was doing he and Jordan would knew It and he would telegraph It to us." ‘Toil are quoted In the papers ns Lnxlng Mr. Cheatham on one occnalon with being a hypocrite, la that true?" | was asked. '"That Is true," raid Dr. Crawford. 'That was the time he told me how | many fanners -,vet» taking the Cot- , ton Journal. Mr. Hotse said that he | and Cheatham had worked all nrgh: together In preparing n cartoon for the Cotton Journal. Cheatham and Hotse GOLF! Every Requisite for the Game (Jet in line now! Call or write for free book of Rules. WE KNOW what you ought to have to start the gnme. KING HARDWARE CO., F. G. BYRD, Manager, Sporting Goods Department. roomed either together or In adjoin- Li,,.. ... ,, .. Ing roome at the Piedmont Hotel. |(fluids was not an officer of the Cotton The name of the man who gave out -K.®, at Information was ..bed | by general resolution of the conven that information was asked. "It wss Manager Love of Ihe Pied mont exchange” said Dr. Crawford, Fairchild Called. A. A. Fairchild, publication .mana ger of the Southern Cotton Assocla- Whnt are your views as to an of ficer of the association dealing In cot ton futures?" “Officer Should Not Speculate.” 'I do not believe that In the present tlon, wns railed. He said that he did position of the association nn officer not know all the stockholders of the .hould trade on the speculative mar- T!* ie ?"J?. n L "Change, but he old know g,, - ul ,i Mr. Jordan, that Richard Cheatham had no etock In It. He waa not an officer of the cot- J J av ® " e * er trad f d on »» ««hange ton association or the Conor Journal l nnd d ° not know where one le located but n salaried employee of Mr. Cheat- In Atlanta, except that I hear there Is ham. Hi- was very frlendlv with Mr. one In the Piedmont." Cheatham. He knew nothing r of the "Are there not raise reports sent out O'Grady or Lee transactions. over the exchange wires pretending to Mr. Fairchild said lie had been a quote you7" asked Mr. Seymour, stockholder In the exchange since "I have understood so," said Mr. Jor- nbuit April. He had bought his stock dan. from Hotse at Ihe organization of the "Do you regard this as on attack on company. the Southern Cotton Association rath- Mr. Seymour brought out strongly «r than a desire to purify It?" asked the furt that Mr. Fairchild was not nn Mr. Seymour. officer of the association, but merely I 'I do,” said Mr. Jordan. "I credit It an employee. Mr. Fairchild read a to that class which Is antagonistic to card which he aald would be hendoil to the association. I have heard that two the press. It disclaimed any official large exporters have said that they position In the association. He ten- would spend a million dollars to get rid dered his resignation subject to the of me as the head of the association recommendation of the Investigating M»nd would follow this up,by breaking comml’tee. I up Ihe aasoclatlon. I have given the At 7 o'clock Ihe committee adjourn- names of these Arms to the committee, ed for dinner, but I do not care to make them public NifiWT irseinij 4( It la merely hearsay, ' NIGHT SESSION. _ ^ A discussion of the evils of specula- The committee met for the third sen- ftlon followed. It threw no light on the slon at S o'clock Wednesday night, In- Investigation. tending to conclude Ite work If pessl- Mr. Jordan eald In conclusion that ble. Committeemen, defendants and h* 16 c ? r *oon to which The Georgian ob- wltne.se. were tired out from lhefe ed w “ not pr<,porfd or ln,I > lrcd by strain of more than eight hours' work ’ Cop( „ of Th , Georgian. du ' ln * da>r - . He wished to show the motive un- B. C. Bruffey. a reporter for The „ #r| , „ atUckl .. of Th , q^,. Constitution, was the first witness. He . „ .. . -umber of conlee of testified aa to the accuracy of an In-1 *'*"•"* , nled B 01 f“ pl * or tervlew written by him and published The Georgian with the committee, on July IS In which Mr. Cheatham was Mr. Seypiour asked If nearly every- quoted as aaylng that he did not know body examined hod not been a bucket I -hop He asked If Mr. Grave, was torlral prominence of the . tTOradys. j a tucket shop man, and If not, why this Mr”’Anderson * ,al * d ,l J at he had ah 9wn tight. Mr. Jordan eald he had heard cbeatham with >‘ al Colonel Oravee had two brother.- ' 1 ' a,ham ' v,,h .4 and that Mr. Cheatham had ellmln- j n .| aw w ho ran bucket shops, lie did ated from an Interview In that paper nilt know whether or not thle wae true, two words, official capacity. I Mr. Anderson explained the difference “Gave Me the Impression,” between bucket shops and regular ex- "Mr. Cheatham denied, conetructlve- changes, ly.-that he knew O’Orady or Lee. He Cheatham Takes the 8t*nd, left me so thoroughly under the Im-1 Richard Cheatham took the stand for preeslon that he did not know them I the first time at 9: SO o’clock. The that I waa willing to risk the statement statement already given out by him made." waa confirmed by him. He stated fur- ‘‘E, c '!| ea ' h *"! I 'h*r that rumors that he had been correc?° n regarding^ h *M^* qr AndereoiKs connected with a bucket shop had been chantee, A told M^BiSff^ fi^ul»««l. H. eubmltt.d .n ^Bdavlt K? SJS , h , . a rno , , h hm; f ,^'^ dy * nd H"«t be h e*„ Connectec/wirh^he A^nTt “My recollection* of my talk with 1[ aI n B|chmt° nX Mr. Cheatham la that he denied any [J[* rd ‘ff^ firmJXiX knowledge of o'Qrady and Lee," aald • J* Mr llruffey. “I do not remember I Ihe Piedmont Hrokerage Coni’ whether I aaked Mr. Jordan if he knew | . c,l L a -hnri rt |n l, hi* them or what he answered. Yes, It *•“- He was said to be abort In hie would be possible for me lo .have mis- j . ...... .. , taken a statement from Mr. Jordan *nr . H r - Cheatham atatdd that It was true one from you, hut 1 was talking to Mr.lJJjjH he had handled trades for Mike Jordan on an entirely different subject JfHrady and one other man. He had and I do not think aurh a mistake oc- I Pad nolntereet In.either deal. It had curred. I have been In the game for| not been proven that he bad any per- thlrty years and I believe that which I ,n **•*?•. transactions, wrote and which wae not denied for a Tl>* funds of the association could only week, was correct.” |bc drawn by the treaeurer. - (jgsggMad Bruffey Insistent. “ r Personal Reston..' Mr. Cheatham conducted the cross- "I signed those checks as ‘xecreta- examlnatlon of Mr. Bruffey. He drop- T? ” ‘ he explained, "for the reason ped It when Bruffey Insisted that Mr.l'h** my account in the Fourth Na- Cheatham had told him he did not Honal bank Is carried In the name of know O'Grady. Richard Cheatham, secretary, for per- B. 8. Preston, of The News, was ex- "onal reasons. It Is my pereonal ac- _ wl _. . eawnnllnr . n |COUIIt ■lid I haV« had HO fUIld* of the fmlrC Lw y iZ ft**?? aeeoctotlon to my credit this year. th* n-nJlv Colonel Peek, of the committee, aald Cheatham had said »J a ‘ ‘h* OOrady I „ fa|lMl u ’ nder , tIim i Why. m his 5£ ® r -"“ pr,v “‘ e “ nd he W0Uld ""‘personal Imslness, Mr. Cheatham discuss it. should carry hie account aa Love Out of Town. I Cheatham, secretary." Manager Love, of the Piedmont ex- Mr. Cheatham said the account waa change, was asked for, but was out of (started that way and was never the city. Manager Cheatham, of H. c ^* n *”*- I Mr. Seymour read the charges made Kledenburg A Company, could not be | h „ An< | rrann am j which were pub- f' ,und I llshed Wednesday. Harvle Jordan took the stand for the Mr. Anderson asked It Mr. Cheat- first time. He was asked whether he him had carried on an account with had mode the statement to The Con- Sledenburg A Co. under the name of ■dilution that he did not know O'Orady "Mike Jones.’’ and I-ee. Mr. Jordan stated that If he | Wouldn’t Answer, hed talked to any reporter on the sub- Mr , Cheatham refueed to answer the ect he had denied such acquaintance. ■le had never heard of either O'Orsdy ’It*** 10 "- or ise. Mr. Anderson asked If the commlt- Mr. Jordan stated that A. A. Fair- tea would permit Mr. Cheatham to re fuse to answer proper questions, as he had persistently refused all day. A reference to the stenographer's note* tended to show that the deal which Mike O'Grady had said was closed thir ty days ago was tho same deal i<-- ferred to by Mr. Curran as being han dled as "Mike Jones." Mr. Cheatham grew heated here nnd announced that there had been no proof that ho hnd speculated or acted agitln.-t the good of the association. He made no reply to the question regarding "Mike Jones." Mr. Cheatham said he had corre sponded with O/Orody during the cot ton deals nnfl had kept In touch with! him. “Likely to Create Wrong Impreesion.” Mr. Allison, of the committee, naked why Mr. Cheatham had Hlffned checks “*eer«tary M In *uch tranaactionf*. He wild thin wa* likely to create a wrong Imprcaalon. Mr Cheatham refused to admit that ho had conducted the Mike Jones deal*. He then utated that he hail dealt f«>.* O'Grady nt Sledenburg'* and If tho bookkeeper made a mistake in tho name he, Cheatham,* was not roHpon- fdblc. Jn nn*wer to the specific charges Mr. Cheatham denied that ho had ho* n speculating, in placing the order* ho wa* not epeculatlng. Mr. Heyinour aeked why Cheatham hnd aftked for personal check* ; >r Fa- • gan. Mr. Cheatham wild he had »*ked for two checks, which he had placed to hi* personal credit In the bank Chairman Johntton asked Mr. < , h»at- ham'n distinction between dealing In colton In a wire hou«e for O’Orady and "apeculatlng." Cheatham Draws Distinction. Mr. Cheatham replied that there was a strong distinction. He had acted merely an an agent tor O’Orady. In answer to the charge that some officer of the cotton anHorlatlon had been a stockholder In the Piedmont Brokerage Company, It wa* shown that' lid not charge Mr.' hi*, but A. A. Fair- child, manager of the publication de partment. Mr. Anderson aald he understood that Mr. ('hcatham admitted the charges of the O'Grady an«l Lee tranHactlon*. “You g»*ntl» in»-n >>t tlu* t ommlttee are Investigating the action of your official, your employes,” he *a!d. “I think It would be proper for you to demand that Mr. Cheatham give you an order on the Fourth National Hank to ren der you all Information regarding hla accounts with that bank. The can celled check* are here In Mr. cheat-' hum’* posseeHlon and wtU be corrobor ative evidence. I submit that it Is proper nnd buslnene-llke that you de- ; produce these* mand that thing*. “Cheatham the Brains < “Mr. Cheatham waa those cotton trades and suade himself, but he cn other* that till* was no' Mr. Cheatham sold th speculating because he t any profit from the trai admitted hi* signature of the check* and Mr. Andereon did m»t Insist that he produce the check stubs. Mr. Cheatham said he had remitted Mr. O'Orady $2,000. He owed Mr. O'Grady $200 or $250. There was a difference betweer K roduce evidence I e had made reml “The difference between the $4.000 I recalved from O’Grady, that returned and that I owe him lies In Home other trao*actlon*." -aid Mr. Cheatham. Didn't Keep O’Grady's Letters. I did not consider O’Grady’* let ter* to me as busine** letter* and 1 did T rads.** ruin* of my per- l»er«uade illation.’’, was not t exi>ect thut not keep them a question. I. M. Moore advertising ho tlon. Mr. ch and U wai *hu lte«l Oflfadj i ured a Ian from him M tiId. In ton If h» •d lu