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TUESDAY AFTERNOON. JULY 22, 1924
Cutten Makes Million
Dollars On Corn Deal
«*t Have Not Gambled- ’ Says
Cutten —ls Dirt
Farmer
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by D. D. RICHARDS.
CHICAGO, July, 21.—Arthur W.
Cutten has just engineered the
greatest coup in the history of the
Chicago Board of Trade.
Yet he would not want his son
if he had one—to venture anywhere
near the grain pit.
‘People who do not know the mar
ket should keep out of it. It is
no place for the inexperienced,” he
says.
Cutten's last ‘big killing ’—it was
Dn July corn—took nearly $2,006,-
000 profit out of the pit.
And along LaSalle Street the
brokers are figuring he has “clean
ed up” all told, in cash and paper,
approximately $5,000,000 in the
last two months.
That is eclipsing even the famous
corners of B. P. Hutchinson in
1888, Joseph Leiter in 1898 and
James A. Patten in 1909.
It was not all “easy money,”
though. During the time he was
buying his corn, Cutten was com
pelled to take a loss on 4,000,000
bushels bought on contract for Mai
delivery.
Cutten, strangely enough, happens
to be a real “dirt farmer.” He has
800 acres of land near Downer's
Grove, west of Chicago.
Besides his grain, he is raising
thoroughbread horses, cattle and
hogs.
‘The dirt farmer and cash grain
merchant of Downer’s Grove.” as
financial writers call him, is by no
means an upstart in the grain mar
ket. He has been on the Board of
Trade since ’96.
He was born in Ontario 54 years
ago. As a boy, he hoed corn—corn
that has made him a millionaire sev
eral times over. He nearly always
has lived in small towns.
Cutten came to Chicago 34 years
ago, getting a job as bookkeeper in
a grain office. He remained in its
employ. 14 years.
He is a quiet, unassuming man,
who becomes shy to the point of
bashfulness when asked about his
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Tudor Sedan - .590 ~
Fordor Sedan - 685 f n years s j nce fog founding, on
aii t>nc<u f. o. .Detrmt June 16th, 1903, the Ford Motor
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ing easy terms for the balance. Or , t . I*l T
you can buy on the Ford Weekly the mOtOTlZing OI modem 1116. ICD
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your neighborhood will million Ford cars have quickened the
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ZHIW Detroit, Michigan
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I
SEE THE NEAREST f
AUTHORIZED . t
FORD DEALER
II JT HE UNI VERS A L C A
Beats Market
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...
ARTHUR W. CUTTEN
busines sdealings.
* I don’t want people to know
about me,” he declares. “I hava
just mad c a deal and that is all
there is to it. What I have done
was done only on years of exper
ience and trading.
“I have not gambled, for the
corn has been sold for useful pur
poses.”
Cutten is not a “frantic” trader.
Fact is, he never even ventures on
to the floor of the pit.
He sits in a front chair in brok
ers’ “public room,” quietly, giving
his orders, even while the bidding is
hottest.
He dodges publicity. He warts
only to be left alone.
MAY INVOKE PADLOCK
LAW FOR RITZ-CARLTON
NEW YORK, July 22—Assistant
United States Attorney Lyman H.
Ward has announced he will seek
an injunction to close for one year
the Ritz-Carlton hotel, a world
famous establishment, under tho
padlocking provisions of the federal
prohibition laws. His office is now
preparing papers asking this- relief
on the ground that this hostelry is
a “common nuisance.”
Mp. Ward said the decision to
proceed in this manner followed a
conference with the federal prohibi
tion authorities who last Friday
night raided the roof garden of the
hotel.
At the hotel tonight it was denied
that liquor had been sold by any
one connected with the manage
ment.
MISS POOLE TO
TEACH AT TIGNALL
Miss Elmer Poole, who graduated
last JuhC from' Bessie Tift Institute
where she earned a B. S. degree, has
just been elected to fill the chair of
mathematics in Tignal Hign school,
at Tignal, Ga., This institution is
an accredited high school and there
were a number of applications for
the place which carries with it an
excellent salary, it is stated. Miss
Poole will leave Septemberl, to
assume her duties in this splendid
position for which her education
M ROW DDf SHOWN
UNUSUAL COURTESIES
Had Carried Sailor Stricken
With Pneumonia to Hospital
in Race With Death
NEW YORK, July 22—Official
courtesies of the United tates
government were extended Friday
to Dr. Roystan “Rum Row Doe ’
Foulkes of Australia, England ai d
Twelve-Mile Limit.
The doctor, whose practice is con
fined to the off shore whiskey
armada, was arrested by imigraticn
authorities for having landed on
American soil without a passport.
When it was learned his mission
was one of mercy, undertaken in
behalf of a sailor near death, he
was sent back to the rum fleet in
a coast guard cutter with a special
escort and under a white fllag of
truce.
Foulkes said he was a native of
Sydney, Australia and a graduate
of medicine from universities at
Glasgow and London. When he
lelft school last fall he signed on
the four master Rask for a three
months voyage to Bermuda. He
sought experience among men, he
said, adventure and material f-r
writing fiction.
Storms crowded the Rask into a
harbor at Bermuda. Soon thereaf
ter she headed for Rum Row with
20,000 cases of whiskey. She had
became a rum ship and her crew
rum runners.
Since he was the only M. D. in
the fleet, Foulkes accumulated
quite a practice. All the boys
knew that “Rum Row Doc” • was
on the Rask, subject tc call 24
hours of th e day.
An S. O. S. from the Elsie B.
took Foulkes aboard her yesterday
to minister to Sailor Ralph Conrad
of Loungsburgh, Nova Scotia, who
had been burned. Foulkes hailed
the passing motorship Bessie and
ordered Conrad and himself speed
ed to Rockaway Point. There he
explained the situation to comt
guard Captain Moran, who sent
Conrad to a hospital and took
Foulkes in custody.
When the story was related upon
the doctor’s arraignment today be
fore Assistant Customs Solicitor
Barnes, that official took • instant
action. He shook the prisoners
hand, commended his act of mercy
assured him safe custody back to
his “office” on the Rask.
Conrad, it was reported, - mean
time had contracted pneumonia and
probably would die.
and training so excellently fits her-
During her college career she spec
ialized in mathematics and by rea
son of this study was in unusual
demand as a teacher upon receiving
her degree.
t Money back without question
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Planter’s Seed & Drug Company
Howell’s Pharmacy
r THE AMERICUS TIMES-RECORDER
Consulting Engineer Gives Progress Report
Os The Work On Stone Mountain Memorial
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' L. W. Robert, Jr., head of the
Atlanta engineering firm of Robert
& Company, and consulting engi
neer of the Stone Mountain Con
federate Memorial, has issued for
the information of the public tho
following report of the progress
of the work, accompanied by the
illustration shown above:
"The head of General Lee (Fig
ure No. 2 in the diagram) is prac
,, tlcally finished. The heads of
General Jackson (Figure No. 1)
and of President Davis (Figure
No. 3) are roughed out and ready
for the sculptor to begin actual
carving.
“Excavation area No. 6 has been
quarried out. In excavation area
. ; » i hi' ■ - b.i •/ pi j; ; >
0 e-discovered
Wellman's old
tobacco secret
Gives added
richness and
. fragrance ,
IJBI Cut coarse to
burn slow —
xuzs and cool
cigarettes
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But costs less
because packed
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No tin-hence IOC
Granger Rough Cut
f „ *T~4 Poh^r° n I
> rrans er *• t eut for V ’ P - I
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All*?
— * , , i*i ferni.
No. 7 approximately 85 per cent
of the quarrying has been done.
Excavation area No. 7 is 60 feet
wide between the heads of General
Lee and President Davis, Is 70 feet
high from their hat crowns to the
neck of President Davis’ horse,
and goes into the mountain an
average depth of 17 feet.
"Excavation area No. 4 has been
started between General Jackson's
ear and his shoulder. Excavation
area No. 8 has been started
around the back of President Da
vis’ hat.
“There has been removed to
date a total of 815 tons, or 55 car
loads, or 650 cubic yards, or 17,-
550 cubic feet of granite.
“The work is now so well or
ganized that the sculptor has at
tained maximum speed, and from
this tlmo forward, assuming that
the Association is able to supply
the funds, the work can be con
tinued at maximum speed.
“The rate of progress which has
been attained conclusively demon
strates that the sculptor can fin
ish the central group within the
contract period of three years
from September, 1923.
"The necessary arrangement
and layout of the work is from the
top downward, both as to quar
rying and carving, and for this rea
son excavation areas 9, 10, 11, 12,
13 and 14 will be the last to be
PAGE SEVEN
quarried out, and the tegs of the
horses will be the last carving to
be done.
"Some idea of the immensity oi
these figures may be conveyed by
stating that the heads of General
Jackson, General Lee and Presi
dent Darts each cover an area
approximately 30 feet square. Ths
head of President Davis’ horse la
50 feet from the tip of the ear
to thb tip of the nostril, or as
high as an ordinary four-story
building. Twenty men could easily
be seated on the brim of General
Lee’s or President Davis’ hat
Along the neck of President Darts’
horse, 120 people could easily b»
seated at tables for serving a
dinner.”