About Americus times-recorder. (Americus, Ga.) 1891-current | View Entire Issue (July 22, 1924)
<\ V I w .„ V TUESDAY AFTERNOON. JULY 22, 1924 Cutten Makes Million Dollars On Corn Deal «*t Have Not Gambled- ’ Says Cutten —ls Dirt Farmer a 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 Up Your Strength WitA Wintersmith’a f For 66 years the standard rem- edy for Chills, Fever and Ague. Dengue and other fevers has been I Wintersmith’s Chill Tonic. Taken at the first sign of these troubles, it wards them off. Fine to taka after almost any illness; its tonic effect is always good. At your drug store; popular size. 6Cc; mammoth size big value, SI.OO. I Wintersmith Chemical Co., Inc. '*» _ « Louisville, Kentucky UJintersmith’s Chill Tonic I Shh The Touring Car n-Hi ,i "iiiiii ’ini 'i i n~ir hmm) L?. 9 .? 21 Years Demoan table Rims of Service 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 Company has contributed largely to ing easy terms for the balance. Or , t . I*l T you can buy on the Ford Weekly the mOtOTlZing OI modem 1116. ICD Purchase Plan. The Ford dealer 'in • , , 11 your neighborhood will million Ford cars have quickened the explain both plans m detaiL . r . 1 i 1 \ /D| pace of business, have brought con- /♦ ) C'j k venience to day-by-day travel and 1 Ji \ (* * healthful enjoyment to the American Z M «' Ap family. Economical manufacture on a f'U i *l' V I/ ■ / large scale makes personal transporta- I ' ’ tion available to all. I ZHIW Detroit, Michigan 'a \ JMMBMMI '■l JIITIU L ~ * I SEE THE NEAREST f AUTHORIZED . t FORD DEALER II JT HE UNI VERS A L C A Beats Market n fl ft WzW fe 1| fijll ... 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 ~ .?» \|if HUNT'S GUARANTEED SKIN DISEASE REMEDIES / Pv ’Hunt's Salve and Soap), fail In f J / the treatment of Itch. Eczema, Wk • f'J Ringworm, Tetteror other itch ins akin diaeaaea. Try thio treatmeat at our risk. 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 y Wl, 4 WZS 2W 'Z ’ L. win III® ■ *: ■' Si? I ' ' 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 (1 - > But costs less because packed in foil No tin-hence IOC Granger Rough Cut f „ *T~4 Poh^r° n I > rrans er *• t eut for V ’ P - I \ \ 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.”
