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THE ATLANTA A LETTER AND A REPLY HARVIE JORDAN, President* Atlanta, Ga. RICHARD CHEATHAM, Secretary, Atlanta, Ga. J. H. LATHAM, Treasurer, Dublin, Texas. PRESIDENT'S OFFICE, SOUTHERN COTTON ASSOCIATION, 920-21-2$ EMPIRE BUILDING. Atlanta, Ga, July It, 1*01. Wesara. Charles D. Freeman & Co, II S. William 8L, New Tork. N. T. Gentlemen: 1 am today In receipt of your favor of the 27th inatant. making a defence of the method* employed In the han dling of cotton through the New Tork Cotton Exchange. The rule* governing the delivery of cotton on contract, made through the New Tork Cotton Exchange are very unsatisfactory, both to the cotton grow ers and the cotton manufacturers. The Cotton Manufacturers’ Aaaoclatlon of Charlotte. N. C„ recently passed very strong resolutions calling upon the members of the New Tork Cotton Ex change to revise their rules relative to the grade! of cotton tendered on contracts through your exchange. This matter seems to be a very serious one to those who are legitimately engaged in hsnuiius •pvt cotton. I would be glad If you would explain to me why It Is that July contracts are quoted on your exchange at 10 cent., and middling .pot cotton, the basis of such contracts, Is quoted at 10.»0c on the ume day. In the same city; nnd why It Is that future contracts In.New Tork for the same day are from seven ty-flve to one hundred points lower than the same grade of spot cotton can be purchased In the South. These are matters wblch the people of the South, particularly those en gaged In the production of cotton, would like very much to have cleared up. 1 have been Informed personally by high officials of the New Tork Ex change that your market Is purely a speculative one, and’has long ceased to be regarded by people who operate there' as a spot market. There Is no doubt but that some members of your exchange have with in the past twelve months made serious efforts to secure the revision of your present rules with reference to the de livery of cotton on contracts, and I have heard member* of your exchange very seriously reflect upon that part of your exchange. I would be very much obliged to you If you would write me fully and con cisely with reference to the above ques tions, and why It I* that under your rules a man saw buys middling cotton can have tendered to him any one of twenty-one different grades. With best wishes. Tours truly, HARVIE JORDAN. THE LATEST IN PARIS Victim Is Set Up and Stab bed By Two Fair Rogues. (Communicated.) The following letter Is offered In reply to the foregoing: CHARLES D. FREEMAN & CO- 21 William Street, N.w York. Now Orient Correspondent.! Messrs. Gibert 4 Clay. August I, 1*0*. Harvle Jordan, Esq.. President of the Southern Colton Aa- soclatlon and Editor of The Cotton Journal, Atlanta. Ga. Dear Sir: Inasmuch as you do not dispute the propositions contained In my letter ad. dressed to you on July 17. I aesumt that you now concede that a cotton contract Is a legitimate medium for the transaction of ootton business for the producer, for the merchant and for the consumer. I assume, further, that your allegation that If the cotton exchanges of this country trade In *00,000,00* bales of cotton during the year, that you now acknowledge that then* trana notions are legitimate, and tliat they are but the transfer of contracts for the mini delivery of actual cotton. This brings ms to the consideration of three propositions contained In your letter to me, dated July 11: First. ’’The rules governing th* de livery of cotton on contracts made through the New Tork Cotton Ex. change are vary unsatisfactory, both to th* cotton growers and to th* man ufacturers.'* Second. Tou ask me to explain to you, "why It Is that July contracts ar. quoted In your (our) Exchango at 10 - cents and middling spot cotton, th* bagla of spot contracts. Is quoted at 10.20 on th* same day," and "with ret erence to the above quotations, why It Is that under you* (our) rules a man who buys middling- cotton can have tendered to him *ny one of twenty-one different grades," and Third. Tou "have been Informed per sonally by high officials of the New Tork Cotton Exchange that your (our) market Is pursly a speculative one, and has long ceaaed to be regarded by peo ple who operate there as a spot mar ket." Any effort to expjpln theso proposi tions categorically requires an analysis of ths conditions surrounding the New Tork cotton market It Is a fair question for you, or any one to ask: Why la New Tork a cotton market at all? Why, located so far from th* fields of production, should It bare dally transactions of 160,000 bales, and whfr 700,000'bol*. of actual cotton should annually pass through, or re main temporarily at Its port. Reallx lng In some essentials that the market I. an artificial onr^ the merchants of this city have adopted rules for ths handling of merchantable cotton, and have established a trading basis, which protects the buyes and seller of cotton contracts assuming primarily that the buyer and seller have a legitimate transaction to consummate, either with th* producer or the consumer. This brings us squarely to the question at Issue, as to-why th* New Tork con tract la, as you and others allege, a debauched contract? (This term "de bauched" I* a convenient expression used by people In the cotton business who do not understand, nor who have taken the trouble to analyse the true conditions which exist In New Tork.) Realising further that It I* Impos sible, by reason of the trade conditions which prevail throughout th* world, for New Tork to command even run ning grades of cotton In quantity, rules have been formed which make this market one for ANT MERCHANTA BLE GRADE OF COTTON, and have provided for th* tender on contract of thirty different grades. The basis of this tender la always middling cotton, and with equitable and commercial al lowance. made for grades below and above middling, which allowances are fixed twice In a season by a committee of seventeen merchants. It Is assumed that both the seller and buyer of a New Tork contract know nil the con ditions surrounding the terms of ths »’ Nsw York New Orleans S.vann.h Liverpool contract when they execute It. Tou and others refer to "dog-tall" cotton that Is tendered In New Tork.' think It Is your duty to stop and con sider the resources to the Southern producer, of a market for grades of cotton for which h* might not be able to find a market In hla own territory. Falling to find the profitable market at homa he may ship his cotton to New Tork, and during all the year* that these ruls* have been In operation, ail grades of cotton that have com* to Nsw Tork have In th* end been shipped hencs to spinners, or exported on a profitable basts. Ths rules are not designed to make this primarily a consumer’s market. They are designed to make It a producer’s market, and by reason of Its location geographically It could not exist solely as a spinners’ market. The spinners of the country well know this, and they make their rifle contracts elsewhere, or >ugh the merchants of the New Tork Cotton Exchange who ore able to procure the specified grades. Th* New Tork market responds to the same laws and forces t? which all markets respond. A market la a place where buyers and sellers meet to buy and sell commodities or things, and In the final analysis, actual value prevails and every one Is. supposed to know the rule, affecting the trading. This analysis makes posslbl* an ex- plantation of your second proposition— why July contracts are quoted at 10 cent* and middling spot cottton Is quoted at 10.*0 on the same day. The reason Is, that 10.00 la the price of middling cotton If It be obtainable, but the bulk of the stock of cotton In the warehouses of New Tork at that time being composed of grades below middling, tho contract price represents the actual value of ‘ are available for ti We will assume, a* the basis of argu ment, that you have a large stock farm on which you raise horses. Some are better than others. Horses suit able for the work on your plantation, for hauling, Allowing and cultivating, are worth tloO each. Tour finer stock, suitable for fast driving and superior In other qualities, are worth 1160 each. Now. I ask you. as an economic prop osition, If, unable to sell your plow horses at home, you are obliged to send them to another market, should you and your neighbors condemn th* market wherein you sell them because, perchance, they do not bring a. high a price ns do your thoroughbreds? 1 must take Issue with you that. You h*x# been personally Informed by high officials of the New York Cot' ton Exchange that the New York mar ket Is purely a speculative one, and has long cessed to be a spot market." In my opinion, made ouch a statement Some of the member* of ths exchange, In an effort to explain their own bus iness Incapacity, attribute their medi ocre success to the so-called ”de bauched" contract. There Is an honest difference of opinion among the mer chant* of the exchange as to what I* the value of grades below middling and the grades above middling. Trade con ditions. the quantity and quality of the various grades, and the demand therefor, are the factors considered, but with alt this difference of opinion there Is the determination to leg' ' to establish the New York contract on the commercial basis that shall open lo planters of cotton a market for every grade that their plantations reduce, and to attract to the port of few York such cotton as shall keep the contract market In equilibrium, and thus afford an opportunity for your friends and mine to conduct their business on a safe baste, by hedge sales and hedge purchases. ‘ rtun om of Informing the Southern people of the truth affecting cotton contracts. As you are sealous In destroying "bucket shops and local exchanges,” you should be equally seal ous In advising the producer, of cotton to respect the contracts that ar* made In New York and New Orleans, and consider them a commercial expedient for the distribution of their crops, remi tting that In the future, aa the yield becomes larger, the necessity for the cotton contract will he greater. Very truly ! CHARLES 1 By RAOUL DE ST. RENE. Special to The Georgian. Paris, Aug. 11.—French historians and others who are Interested In sou venirs of bygone times in France are rejoicing over Monsieur Clemenceau'a decision to permit the restoration upon th* tombstones of the members of the Commune of the statements setting forth the connection of tho deceased with that famous Institution. Up to the present It has been against the-law to Inscribe upon the tombstones of the former Communard* anything recalling th* part which they played In 1671. Among th* few surviving Commun ards Is M. Henri Rockefoert. the bellig erent journalist, and one of the most picturesque figures of .modern. Franca M. Rockefoert la really a marquis, but he refuses his tltla His wife Is an American and waa a Mias O’Key. Everybody who has been to Paris must know the amiable elderly gen- Herman who feeds ths sparrows with crumbs of bread In the Tuileries Gar dens. This person now has a rival In the affections of the litli* helium, but. the new-comer Is specially drawn to swnl lows and hla benefaction takes the form particularly of supplying them with shelter. M. Jacques, such Is hla name, who enjoys a modest Income, has noticed that the swallows In the city have a somewhat precarious ex. Istence and that their nesta are terri bly at th* mercy of thq little human gutter-snipe. He has determined to remedy this state of affaire, and for this purpose has. hired soma fifty garrets In various parts of the city. He leaves the win dows of all these rooms open and locks the doors, taking ths keys away with him. The swallows come and build their neats In the empty room*. M. Jacques goes around daily to see that his little proteges are getting along all right In the autumn; when the swallows go away, he will shut up his garrets and go to the south of France to await their return next eprlng. Combinations of government em ployees In France are not allowed, and a month or two ago a large number of postofflee employees were cashiered for daring to form themselves Into a syn dicate. Some conaternatlon has been caused In official circles by the knowl edge that the Paris police are going to form themselves Into a syndicate. M. Lepine, chief of police, took the mat ter to the minister of the Interior, and steps have been taken to prevent such a syndicate being formed until parlia ment has discussed the new association law. M. Porel, the manager of the fash ionable little vaudeville theater, and ex-husband of the famous actress, Re- jsne, brought an action against M. Gemler, an actor, claiming $*,000 dam ages because the latter refused to per form In a minor part for which he was, cast. The court held that M. Gemler wa* justified, os his engagement had been for ’’star'’ roles only, and M. Porel lost his case.. "Your money or your life.” Such was the terror-etrtklng remark that greeted a gentleman named Naptler, In the Boulevard do Crenelle os 'he was ilng a dark alley the other night, looked and hla astonishment was not lass than hi* fright on finding that his assailants were two dashing fs- males. "Wo are the Amaaones of th* Grenslle,” they yelled at him, leaving no doubt In his mind that they might after all only be having a playful little joke. He drew back and woe about to remonstrate, when the charming things rushed at him with <1 eager, and stabbed him In several places. Ho fell senseless to the ground, and the two lady footpads helped themselves to his watch and the contents of his pockets and decamped. Th* victim Is now lying In a hospital In a serious condition. who don't feel like loafing all summer, are utilizing their spare time in a pleas ant and profitable way, as agents of the old Mutnal Benefit Life, of Newark, N. J. • Its excellent reputation, low premiums and large annual dividend! make its policies popular and easy to selL We don’t pay.the high est commissions, biit we sell the best goods, and there is really money in handling them. Angier&Foreman, State Agents, Atlanta. SNOBS GIVEN REBUKE BY AN ENGLISH DUNE | ra- Plebeian Legislator, Ignored at Function, Entertained By Norfolk. AT THE THEATERS At the Casino. Vaudeville will continue Its bid for popularity with the theatergoers, and Inasmuch as there are many people re turning home, the strength of the bill that will start entertaining on Monday at the Casino will probably establish the attendance record for the summer theater. The new bill Is a perfect collection of vaudeville, well balanced and with' out a doubt one of th* strongest com edy combinations of the entire season. There are features that have been tried and found to be gilt-edged, and there are others that are well known to th* follower* of th* pace In this branch of things theatrical. The headUner act of the program will be the contribution of the Elenora Bisters, who were at th* head of one of th* strongest musical comedy at tractions that drew the capacity of th* Bijou last season. Theae comedienne* have been featured In the best vaude ville theaters In the land, and present an act that I* original In quaint ec centric comedy and Is all for tan. As a special feature for the ladles and children Jacob’s Marvelous Acro batic Doga will be Introduced. These dogs ore finely trained, and will surely prove to be one of the pleasing fea ture* of the vaudeville season. The dogs will perform a routine of tricks have kept the act prominent In levllle and that will make a strong hid for a real hit here. Mile. Latino, In a physical culture stunt, promise* a novelty, and Cart- mell and Reed will offer a comedy ;tng and dancing number that Is said to be very good. < Morris and Morris, who come to At lanta almost direct from the Palace In London, and who are known as "come dy eccentriques." will offer an act that hae been a great comedy success Is America. Moving picture* have been most successful and th* pictures to he ex hibited this week are declared to be the best yet offered. The bill Is one of exceptional strength, with comedy as Its principal quality. The acts are all high-class, ' t Is believed that the’bill will fol- he pace that has been so swift for the past three weeks. By RICHARD ABERCORN. Special to The Georgian. London, Aug. 11.—While the ft nan' rial magnates who have control of the savings banks of America, through their Influence at Washington, pre vent th* establishment of an American postofflee savings bank, here In Eng land the postofflee savings bank Is popular festur*. The establishment of the postofflee savings bank has been an enormous Inducement to the cultivation of thrift among the workingmen of England. During the post fiscal year they de posited 6111,000,000. They alio drew from the government, In the form of Interest on undisturbed deposits, the large earn of 12,100,000. With their sav Ings a portion of the depositor* were enabled to buy over $10,000,000 of gov ' eminent bonds. There Is now In the bank, excluding withdrawals during the year, the enormous sum of 2760,0000,000. Flnan rial experts declare that were It not for the facility posio/flco savings banks offer to the thrift, tho people's savings would not be one-half this sum. As every postofflee In the land ac cepts deposits, It la easy to deposit a shilling or two a week. Also with drawals are easy, tot under the new regulations It Is possible for a deposit or to withdraw any sum up to $6 at any postoffice without delay. For sums over 16, two or three days’ delay Is necessary to enable the bookkeepers at the general postofflee to balance and check the account. By fraternising with s labor member of parliament at a swell function, the duke of Norfolk administered a tell ing reproof to a snobbish crowd who Ignored the plebeian legislator. It was at a reception given by a fash lonable art society, at which Will Crooks, member of parllarment for Woolwich, turned up in his house of commons suit. Instead of the regula tion evening dress. Getting post the doorkeeper with dif ficulty, Mr. Crooks was received with haughty stares by the. crowd of "smart" people. Although Mr. Crooks must hav< been known to many, hs wax unant mouily cut dead. His appearance with' out the customary "boiled shirt" was resented. While the labordeader was wandering lonesomely about, looking at the pic tures and braving It out, the duke of Norfolk arrived. HI* grace soon "spotted” Mr. Crooks, and saw how he was being treated. Coming up to where th* lonely mem her for Woolwich waa standing, the duke greeted him heartily and said: "Mr. Crooks, have you found your way to the supper room? Come and let us have a cup of coffee together.” So the premier duke of Great Brit ain and the ex-cooper, who was bora In a work house, spent th* rest of the evening together. Mr. Crooks told the story the other night on the terrace of the house of commons. The countess of Tankervllle, who was Mies Van Marter, of New York, haa been sharply criticised by a judge In a London court for her treatment of her late French maid, Marie Pathter. The maid sued her mistress for $60 salary In lieu of notice. It appeared that the girl was 111 and Lady Tank ervllle said that If she could rot do her duties she must leave. She went at once, hut ' Lady Tankervllle only offered her her salary to date, which ■he refused. In giving Judgment against the countess for the amount of salary up to the time of the maid’s leaving, the e said he thought Marie Pathler been very badly treated, and he was sorry he could not find In her fa vor for the amount of the'month’s sal ary. ' BAD MEAT IN CANADA. By Private Leased Wire. Wlnnepeg, Manitoba. August n.—A horrifying state of affairs has been broughtto light through an Investiga tion by health Inspectors In this city. Butchers dealing In the poor dis tricts have been disposing of In their shops and peddling around the meat entlraly unfit for uee. especially what Is known as slink veal. Foreign butchers and peddlers were discovered hanging around, abattoirs carrying offal which Is afterward offered DOWMAN-DOZIER MFG. CO. Manufacturers of Fire-Proof Windows, Doors, Cornices, Skylights, Crestingsj Finials, Dixie Ventilators. Contractors for All Kinds of.Sheet Metal Work. 20-22 Trinity Ave. Both Phones 525. B. L.WILLINQHAM, H. H. TIFT, ' President. Vlce-Pras. W. B. WILLINGHAM, Seriy and Treai. WILL*NGHAM-TIFT , LUMBER COMPANY Rough and Dressed Lumber. Sash, Doors. Blinds. Builders* Hardware. 200 Murph/ Avenue. Tnko Knst ’Point or College Park Car and get off at McCall's Crossing on Lee Street. Bell phone 86 West; Atlanta Phono 71L 0. A. GOUGE. 83 N. Pryor St. Tin and Sheet Metal Worker.. If it’s made of metal, see me. BELL PHONE 1443. W. R. JONES. Practical Slate Roofer. And Dealer in All Kind : of Roofing Material. 15 Waverly Place. Atlanta Phone 843. Bell Phone 3277 L. P. O. Box 316. Bell Phone 3565 J. Atlanta Phone 1966. FRIDDELL BROS. Painters, Decorators and Interior Fin ishers. Interior Wall Tinting and Painting a Specialty. Out of town work given careful atten tion. 69 Ivy Street. 1 MONORIEF FURNACE CO. 103 S. Forsyth St. Heating Flans and Estimates Free. The place to get your furnace. They install the best for any kind of fuel in residences, schools and churches. - Both Phones. All Kinds of Building Material. Get Prices From ALEXANDER LUMBER AND MANUFAC TURING COMPANY. Factory and Yards, corner South Pryor and South ern Railway. Phone 1164. City office, f North For syth, Austell Building. Atlanta phono 400. Bell 303. ATLANTA STRUCTURAL STEEL CO 1020 Fourth National Bank Bldg. Atlanta, Ga. Estimates furnished on all kinds of structural steel shapes. Prompt shipments from stock. Phones. Bell and Main 4428. WE SELL MANTELS, TILES AND GRATES Cheaper Than Any other Concern. $ J. E. HUNNICUTT Si CO. 56 Peachtree St. HUNNICUTT Si TURNER. PLUMBING & HEATING. ' Estimates on Short Notice. 105 N. Pryor St. Phones 1066. Bell Phone 3565 J. Atlanta Phone 1261 G W. HAYNES, Interior and Exterior HOUSE PAINTER Wall Tinting and Graining. Office and Shop 69 1-2 Ivy Street. ATLANTA, GA. WM. WILSON. Paint and Decorative Contractor. Large Contracts a Specialty. Contracts executed anywhere.. Surety bond. 59 S. Forsyth SL Atlanta, Qa. Both Phonss. HAHR-DAVIS LUMBER CO. PLANING MILL8, OFFICE AND YARDS: 333 TO 339 DECATUR 8TREET. Rough and Dressed Lumber, Shingles, Laths, Sash, Doors, Blinds and Builders’ Hardware. Our saw mill Interests In Tift County, Ga., af ford us facilities to give prompt service and at the lowest prices.. Dimension timbers a specialty. Both PhoneB 3725. LIME, CEMENT. Plaster, Sewer Pipe and other Build ers’ Supplies Low prices and quick de liveries. SCIPLE SONS. 33 N. Broad St Atlanta. TOMLINSON & DIDSOHUNEIT, Contracting Painters. Out of. Town Work a Specialty. Bell Phone 1451L. 79 N. Pryor Street. . Atlanta, Georgia. WOODWARD LUMBER'00. Hardwood Interior Finish Si Mantels, Doors, Sash &* Blinds Send Your Plans for Estimates. Atlanta, . Georgia. WOOD FIBER WALL PLASTER. The original product, and the only plaster manufactured in-Atlanta. Can be put on at as low cost as the lower grade substitutes that have come into the market. We can readily show this, so do not be misled. GEORGIA WOOD FIBER 4 PLASTER COMPANY. Whitehall St. & Cent. R. R. Phone 1152. 'Dixie 'Tile and' Cement Works YES, WE ARE UNDER BOND TO THE C1TT TO DO STREET SIDEWALKS. LET US BID ON TOUR WORK. WE GUARANTEE SATISFACTION. PHONE W-445. GEORGIANS IJ4 ATLANTA. | AT THE MARION. B. P. Smith, Augusts: F. M. Smith. Con cord: I), 8. Mnsrull, Cambridge; C. II. Dan- els. Dawson; lira C. C. Footer, Roowell; F. F. Cordoroy, Dlshrir; Mrs. Rotiert C. McCall. Miss Nettle llct'sll, Miss Joule Mc Call. Quitman; II. L. Duller. It. 8. Critten den. Hillman; James It. Brown, Canton; II. ‘ Jr’"|ston. Macon: \V. J. films, Kewnan; Braswell, Ualuesvtlle. . Hr 00 , 1 ;*- Foray th; J. J. Smith. Beldsvllle; J. W. Meat, Valdosta; W. J.-SIms, Newnsn; C. N. Wisdom, 6. P. Johnson, Columbus. AT THE PIEDMONT. Valdosta; E. IX Orahsn L. K. Wilcox, vainotta; K. lx Uraham. Mciuo; C. J. Mills. Athens; It. H. Hturnll, I leans; I. E. Lend. Cordele; Mrs. I’snllne grater. Hswklunvtli*; II. II. Wrry. Ualnes- Jjues Mm. P. A. Stovall, Miss fltorsll. J. g- floraII. Karsnnuh: Mrs. A. P. Wooten. Buena \Uts; ffltt Nina Wooten. linens Vista; A. P. Vason, Albany; II. T. Hey. nolds. Home; A It. finlfirsn, Mrs. E. P. Grant, Borne; W. T. Hopkins, Ssrsncsh AT THlfKIMBALL. C. F. Howe. Mllledgelvtlle; H. BeutrliK. Carrollton; T. H. IUU. V. Corner. Mews: Is. V. Hatcher, Auguafn; If. M. McN«h Marietta; B. H. Walker, Monroe; L. nedr, Flticeralrl: J. C. dementi l*ard«, A. V. Doadtreather anil wife, Athens. TRY A WANT AD IN THE GEORGIAN AT THE ARAGON. J. V. Ashley. Dthlonesn; A. B. Bams dell, Macon; John It. Ellis, Macon; It. P. Round Trip — Chattanooga and Lookout Mountain $4.10, . via Western & Atlantic R.R. Battlefield Route. Shortest Line and Quickest Time. Ticket! on aale .-very Saturday; good till Tuesday following. An opportunity to vlalt Chickamau- ga Park during the encampment of the Georgia State Guard. For ticketa, schedules and further Information, call on A. THOMAS, City Pasa. <t Tkb Agt. ’Phones 169 M. Bell; 153 Atlanta. B. Walker, Depot Ticket Agt. ’Phone 213 Main. C. E. Harman, G. P. A. F. E. PURSE “THE PRINTER. PRINTING OF ALL DESCRIPTIONS 16 1-2 E. MITCHELL ST. ATLANTA, GA.