Newspaper Page Text
rCHARD CHEATHAM ON TRIAL
before s. c. a. investigators
Continued from Pago 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 Jq .mal.
was among the men in the office. llo
and Mike O’Grady sat together by a
window and both looked bored. Hol
land Curran, who straightened out the
boo!*s of the Piedmont Brokerage Com
pany and who la said to know a num
ber of things connected with the in
stitution, appeared before the investi
gation began. He is now connected
with R. H. D. Slederburg & Co.,
Now York, brokers, who have an of
fice Jn Atlanta. He has up to this time
refused to make any statement, say
ing that his firm had requested him
not to talk.
“Will Talk, Cheatham Permitting.”
"I am supposed to be deaf and
dumb,” he said to The Georgian, "but 1
shall talk If I secure Mr. Cheatham's
permission. It Is about his business,
you know."
The committee organized 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, Fla., 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
if verbal testimony were to be taken
the services of a regular business ste
nographer would be preferable.
Mr. Jordan stated the causes which
had led up to the appointment of the
committee by him.
“A bill has been Introduced by Mr.
Boykin with a view to close up nil
speculative dealing. The officers of
this association became active in se-
curlng the passage <*f tin- Boykin „bill.
On July 24 It enmo up In the house. It
was understood that Representative
Anderson was not in favor of the bill
ns a whole," he said.
Mr. Anderson Interrupted here to ex
plain that the proposed bill would stop
All dealing when actual cotton waa not
contemplated.
Anderson's Charges.
"Mr. Anderson," continued Mr. Jor
dan, "made the following statement."
He quoted Mr. Anderson’s remarks
about Mike O’Grady and P. A. Lee and
the officers of the association. He also
quoted Mr. Anderson’s explanation on
the following day.
Chairman Johnson asked wljy Mr.
Anffcr.on had explained hi, flr*t state
ment. It wa» ihou n that Rrprerenta-
M* Million had risen on the floor
and Mr. Anderson for an ex-
planatt'in.
my position os president." .aid
orilnn. "ft wo, my opinion that
the fhargen made by Mr. Anderson
called f"r an Investigation. I waa the
only official alio could call for thla
itn<1 1 appointed lit.- - omniito .
"I Decided to Increase Committee."
"I derided afterward that we should
have a larjter committee, tvhlch waa
■ccurrd. 1 also wrote Mr. Anderson to
id five Hticli Information
would come of his own accord. In Ills
letter ha used the followlnf InnKunRc:'’
(Here lie quoted the letter, which auR
Rested that the Investigation should be
conducted In a businesslike way or
otherwise It would take on the appear
ance of a whitewashing committee.)
Mr. Jordan agreed with this and
urged the committee to go to ttje bot
tom.
"They should find out the character
of the witnesses," he said, “what busi
ness they are engaged In, their stand
ing In the city.
Wants The Georgian Investigated,
•'I think that whereas The Atlanta
Georgian has Issued entire editorial
pages of tirade against the officers of
the association, they should 'call mem
her* of the Atlanta Credit Men’a 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 Tskss th# Floor.
Mr. Anderson then took up the In
vestigation. He stated that there was
no personal feeling.
"I do not fee) 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
ciation other than to have the offend
Ing ofTIcers removed. This trouble
dates from the session of 1>06. 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 whsn 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 ahopa os
different from legitimate exchanges.
“Under the rules of the house tie
bate was limited, and during the re,
marka I made were certain atalementa,
which appear In full In The Conatltu-
tlon of July 26. Prevloua to thla I had
conferred with a friend who la a mem
ber of the cotton association, who
agreed with me that theee 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 Inforamtfon, 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 writteri 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 had
not been able to continue, thus giving
an Impression that his remarks re
ferred to Harvle Jordan.
Wanted to Question O’Grady.
! understand that Mr.iMIke O'Grady I patience.
Is here to make a statement," said Mr. 1 Mr. Seymour asked If M
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 Mors Definite.”
Chairman Johnson asked Mr. Ander
son to make his charges more definite
and give the names of parties the
charges were against. Mr. Anderson
agreed. He then read his letter to
Harvle Jordan In which he accepted
the Invitation to appear beforo the
committee.
Mr. Seymour asked If Mr. Anderson
would make his 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 Witnesses.”
Mr. Anderson said he would provide
witnesses to substantiate his remarks.
Chairman Johnson suggested that
the witnesses take oath before a Jus
tice.
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 Chsatham. 1
”1 will state that the person I re
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
. Fairchild.
”1 have no personal knowledge of my
own about tlieso matters," said Mr. An
derson. **I have raftmd to nuke any
; : I in, in r. gar,ling my kn-.ul-
edge. Thero has been no statement
that Gibert & Clay had any connection
with these deals until Mr. O’Orady
made a statement on Monday. Mr. Ka
gan, the nmnnger of that house, has re
fused to talk until he has iiermlsslon
from Cheatham and Mr. 0*0rady. I
should think that If Mr. Cheatham and
Mr. O’Grady 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
I am asking him questions solely with
a view to bringing out the facta re
garding the said 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 ths Evidence’ You Went.”
"If this Is done you will have alt 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 Mr. Ander
son furnish the names of all his wit
nesses. Mr. Anderson said they would
all be named If Mr. Jordan would have
NAMES, DATES, PLACES, TIME
SPECIFIED BY ANDERSON
BEFORE THE COMMITTEE
Continued from Page One.
committee. All I am railed upon to do Is to show that the Information I
hnve Justifies an Investigation, and that Is all I sold t would do, except
that I would. If they wished II, assist the committee with such sugges
tions ae are In my pow-er, and would co-operate with them.
THE CHARGE AGAINST CHEATHAM STANDS PROVEN.
As to 1 lie charge In l i-g.u .1 M tin tallying ■ m >r ... n la liens in i nil mi
by an ofneer of the Southern Cotton Association In the name of Mike
O’Grady and In the name of P. A. Lee; the ofllcer 1 referred to In thla
chnrge Is Mr. Richard Cheatham, the secretary of the association.
For the purposes of this charge It Is utterly Irrelevant and Immaterial
whether such persons as Mike O'Grady and P. A. Lee actually existed or
not. and It cuts no figure whether Mr. Chestham was csrrylng on specula
tions In cotton for actual persons or for himself under assumed names. In
eliher event. If It be true that ha waa dotag SO, tbs charge stands proven
that an ofllcer of the association was carrying on cotton speculations In
those names.
I had no doubt that an actual person of the name of Mike O'Grady,
and possibly of the namo of P. A. Leo 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 w ill produce him before this commit
tee. As to this. I submit the following suggestions; (1) The production
of Mr. O'Grady 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
lie, an nlllcer of the association, was earning on a speculation In cotton
In the name of Mike O’Grady. (2) When the charge was first made on
the Sttli Instant nn Interview with Mr. Cheatham appeared In The Atlanta
Constitution on the 25th Instant. At that time, and In that Interview. Mr.
Cheathnm denied having any knowledge of any such persons as O’Orady
and Leo referred to In my charges. The reporter who took that Interview
Is .Mr. Edward Ilruffey. He has been seen and says that the Interview Is
correct, as quoted, nnd that Mr. Cheatham did at that time make auch
denial. A substantially similar Interview had appeared In The Atlanta
Journal of the 2tth Instant. The Interview had been published for live
days, and Mr. Cheathnm had not disavowed It until the afternoon of July
30, after Mr. O’Grady had nppeared on llie scene. The committee might
confer with Mr. Edward Ilruffey no to this.
CHECKS SIGNED "RICHARD CHEATHAM, SECRETARY."
I further charged that In the Mike O’Grady transactions I was refer
ring to the oftlcer 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 those Mike O’Grady
transactions aggregated 3'.000, nnd were drawn on the Fourth National
Bank, nnd were signed ’ Richard Cheatham, Secretary.” I understand Mr.
Cheatham courts Investigation nnd will conceal nothing from this commit
tee. That being so, his cheek book nnd canceled checks of that time ought
to disclose these facts. If they fall to do so, 1 can show the committee
where to obtain that evidence elsewhere. /
I specify further that Mr. Cheatham personally opened the Mike
O'Grady account with the brokers, and thfft In the various deals Included
In that account nil the orders were given by Mr. Cheatham personally;
and that the brokers never saw Mike O'Grady and never held any com
munication with him In these transactions, either verbally or by letter, and
that nil the reports, confirmations, etc, while addressed to Mike O'Grady.
were sent to Mr. Cheatham by his Instructions. I specify further that when
the Mike O'Grady account was closed, the amount drawn down waa re
ceipted for by Mr. Cheatham by simply filling out and signing O’Grady’a
name, without any "per” or other sign that Mr. Cheatham was acting aa
agent for any one. .
I apeelfy further that the amount so psld to sir. Cheatham by the
brokers to close this Mike O'Grady aepount was at Mr. Cheatham's re
quest pntd over to him In the rhnpo of two checks on New York, Issued .
by the Fourth National Bank of Atlanta on March 31, 1906. One of
these checks for more than three-fourths of the total amount, to-wlt:
22,730.98, was made payable to Richard Cheatham Individually and waa
deposited by him In the Bank of Commerce and Trust Co., of Memphis,
Tenn. The other, and smaller New York check for 3989.02, was mads
payable to S. B. Bedford, and first appeared in a bank ns a deposit
to the credit of G. M, Urquhart In the First National Rank 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 P. A. Lee account was closed by check No.
899 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 Nntlonnl Bank of Atlanta, Ga.
Tho proof of all these facts and all the details of tho Mike O'Grady
and P. A. Leo accounts, as well as an Inspection of nil the papers,
checks, etc, can be had by the committee from tho brokerage houso who
handled theso accounts nnd from tho banks which lmndled the checks, etc.
If Mr. Cheatham will give tho usual order and consent from himself and
from Messrs. Mlko O'Grady nnd P. A. Lee to their doing so.
(3) As to my other charge that aome official In tho Southern Cotton
Association office was connected with the bucket shop called the I’lrdniolu
Brokerage Co. and held one-eighth of Its slock. Tho person I referred
to In this clinrge was Mr. Arthur A. FnlrchlliL
FAIRCHILD WAS MANAGER OF PUBLICITY.
I take It to be self evident that when a man Is not only paid a salary
but Is Invested with an official title, nnd particularly the Important title
of "Manager," that that man is an official or officer of some kind. Tho
Atlanta directory' for 1906. page 687, shows that Mr. Fairchild Is nn of
ficial of this association with tho title of “Manager Publicity Bureau
Southern Cptton Association." . ...
Mr. Fairchild has admitted that the chnrgo Is true nnd that he did
hold one-eighth of the slock of the Piedmont Brokerage Co.' He says
that he bought It enrly Inst spring and subsequently disposed of It. I
find that the concern was Incorporated In Montgomery, Ain, on May 12,
1906 From tho statements of various persons In tho public prints It np-
pears thnt Mr. Fairchild has disposed of that stock very recently. I am
not rerponslhle for the various statements mado by different persons as to
the history and. character of the ownership of this stock. Their names
have been published. It Is for this committee to say whothsr they will
investigate further Into this branch of the matter, the clmrgo Itself being
now admitted to bo true, If the committee desires to Investigate further
Into this I am rendy to submit suggestions for doing so.
I hand the committee a memorandum statement of tho transactions
covered by the P. A. Lee and Mike O'Grady accounts thnt 1 am referring
Lure*wvs t Dtunm mi tvniFnanw
BE SURE TO SEE
Thursday Afternoon’s
NEWSPAPERS
For Announcements of a
Great
FRIDAY AND SATURDAY BAR
GAIN SALE
-AT-
BASS
J. RANDOLPH ANDERSON.
Cheatha
Illgllt l!"
He wrofeTs b« Anderson. "If he Is her. I should like were willing to sign the letters ami
others Involved were noL would It not
place Cheatham In a peculiar position?
"We have no record that Mr. O'Grady
nr Mr. Lee. whoever Lee Is," said Mr.
Seymour, "would 'bo 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’Grady’s
name to trades he would probably have
authority to sign O’Grady to the let
ters requesting Information from ths
brokers as to how tha trades were
finally closed out.
Didn't Want Cheatham to Sign.
Continuous opposition to asking Mr.
heatham to sign the letters was shown
by Mr. Seymour and the others of the
committee.
Mr. Cheatham said that he was not
prepared with a lawyer. Hie official
record was open to the committee. He
asked to be placed In a position simply
to affirm or dany any charges bi ought
against him.
MlRe O'Orady inked leave to talk.
He said that he had been In a peculiar
pneltlon, being referred to ns a person
who did not exist. He said that ho
had been an acquaintance of the Hon.
John Temple Graves for some time. He
aroused Mr. Anderson of bringing him
In the foreground In a way he con
sidered neither manly nor fair. He
as called down by the committee.
Mr. Anderson then read his state
ment. which apiiears on the flrst pege
The Georgian.
Chestham Oats Mad.
During the reading of the charges
Mr. Chestham sprang to his feet nnd
protested against the statement that
ho had made misstatements. Mr. An
derson denied any offensive Intention.
Sir. Cheatham asked If Mr. Anderson
had come to begin a personal alterca
tion.
During the reading of hie charges
Mr. Anderson stopped to say that he
wished to sek Mr. Cheatham If the
transactions mentioned In his charges
were those which Mr. Cheatham hod
admitted carrying on were the same.
He said that Sir. Cheatham had stated
that they amounted to 32,900, while |he
transactions mentioned In the charges
Involve,! 3L00O He said also that
there was no evidence thnt the checks
paid by the brokerage houses to Mr.
Cheatham ever reached Sir. O'Orady.
He stated that these cheeks were now
In th*- Fourth National Bank and that
Charles Lively could testify to
i 'heathsm's signing o'Orady's name to
checks/
••He Had Full Authority."
Mr. O’Orady Interrupted to nay that
Cheatham was given his full authority
to sign hla name.
Mr, Seymour aaked if there waa any
connection between the Piedmont
Brokerage Company and Olbert
Clay.
"None whatever." said Mr. Anderson.
"Olbert & Clay are n legitimate ox-
change. The Piedmont Brokerage
Company Is a bucket ohon. 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 tho
P. A. Lh accounts” eonttansi Mr. As*
derson, "and It might be well to com
ment. on it. This account Included
only 200 bales."
Mr. Seymour suggested that no n
'Mu rj:« < h* read, Mur -tihmlf toil to Him
committee. Mr. O’Orady then submit
ted a roll of manuscript which he asked
the committee to examine later.
Mr. Anderson continued his testi
mony. He said:
The P. A. .Lee Transactions.
"On the 6th of March Mr. Cheatham
deposited 1200 as margins. Hs bought
or ordered hougnt in the name of P. A.
Lee 100 bales of July. The deal lost
1140. Later he bought 100 July In New
York. This waa sold at a profit of $<0.
Thla left a balance of $116. which was
drawn to the order of P. A. Lee and
given to Mr. Cheatham. It is now In
the hands of Olbert it Clay In New Or
leans, who will exhlb'f i» on demand.
"The Mike O’Grady account waa open
ed February 10, when Mr. Cheatham
ordered and bought 100 hales May cot
ton.
“Richsrd Cheatham, Secretary."
He made a deposit by a check on the
Fourth National Bank for $1,000 drawn
In the name of Richard Cheatham, sec
retary, hla account In the hank being
In thnt form."
Mr. Anderson mentioned various
trades In the name of O’Orady show
ing that an additional margin of $L000
waa put up and the check signed Rich
ard Cheatham, secretary. He said that
the dates In his ptMiseaalon differed
from those given by O'Grady to the
papers.
“Ths 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 ratified a loss at the
end, leaving a balance of $2,720.91,
which waa paid In a check pujfible to
Richard Cheatham, and $919.02 paid In
a check to J. M. Bedford, afterward en
dorsed by a Mr. IJrquhnrt, and sent
through a Mississippi bank to New
York.
The Georgian Was Not Alone.
Mr. Anderson said that Mr. Jordan
wts wrong In saying that The Georgian
was the only paper which defTerentl-
ated between bucket shops and ex
changes, as The News, The Journal
and The Constitution had all published
editorials along this line, though Mr.
Jordan had answered only The Georg
ian. In which he attacked viciously tho
New York cotton exchange.
Mr. W. R. Fagan, a former member
of tho New York exchange, had stated
afterward that Mr. Jordan had 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 Arst Information had come
from Mr. Fagan. Mr. Anderson re
plied in tho affirmative.
"I Just wanted to draw that out/*
said Mr. Cheatham.
“Where Did You Get Checks?"
"How did you get at those checks,
Mr. Anderson?" asked J. D, Smith, of
the committee.
"I obtnlned them through Mr. Fagan,
who obtained them from the bank." said
.Mi. A luMr.N.in
An effort «;is then mode t<* leam tin*
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 hla Inform
ation had been obtained from Mr. Fa
gan, manager of Gibert & Clr^, brok
ers.
Secretary of What?
Chairman Johnson asked If the
checks signed Richard Cheutham, sec
retary, showed what ho was secretary
of. Mr. Anderson said they did not.
Mr. Smith asked if it was Intimated
that Mr. Cheatham had used tho funds
of tho assocfntlon in carrying on pri
vate transactions. Mr. Anderson de
nied any auch insinuations, saying ho
supposed tho funds of the association
were placed In some form from which
they could not be checked by onq man.
Mr. Jordan and Mr. Cheatham ''in
ferred together for several minutes.
“All With My Money,” 8ays O’Grady.
Mr. O'Grady said that nil the trades
were mado with his rtionoy, thnt Mr.
Cheatham did It ns a personal fav
that Mr. Cheatham had told him
Chattanooga that tho work of the
soclatlon would lead to higher cotton.
Naturally ho (O'Orady) had desired to
make some money nnd had persuaded
Chenthum to place this for him in At
lanta.
Mr. O'Grady desired to leave a signed
statement with tho commltteo and re
turn to his business In Chattanooga.
Not O’Grady’s Secretary.
“Of what was Mr. Cheatham secre
tary?" asked tho committee. "Did ho
belong to your company and was he
secretary of your partnership?”
"No, he was not," said Mr. O’Grady.
"Your only connection with theso
trades was to furnish the money?” ask
ed Mr. Anderson.
"That Js true," said Mr. O’Orady.
Mr. Cheatham acted on his Judgment
and I regret to say that his judgment
was very poor," said O’Grady. "If ho
had any Insldo Information ho did not
use It to the advantage of his friend.”
“Chestham Returned Only $2,000."
"I gave Cheatham $4,000 In two pay
ments of $2,000 each," said O'Grady.
He has returned but $2,000 of that
o over, why was Mr.
holding $2,000 of
Mr. O’Grady said
>uld pay this at the
■ denis were closed
im. No speculative
tment made for me
\ as in the last thirty
Iv "Mr. Gheathanr
Ightened out our
.sit 30 Days,
o me aome advice
last thirty days,
*d Mr. Ander-
rnatter In the
\ spoliation or
>ck legislation
Mr. Cheathnm wer
Cheatham still
O’Grndy’s money,
thnt Cheathnm wc
proper time. HU
with Mr. Cheatham,
deals were pending.
"The Inst Investin'
by Mr. Cheatham wai
days,” said O’Grady.
and I have not atra
financial accounts.
Advice Within L
"Mr. Cheath am gav
In a deal within the Ioj
but the last'trado he ma
in March.”
Mr. O’Grady then ask
son a few questions.
"Is your zeal In this
interest of tho Cotton
because you wish to bl
for tho Boykin bill?”
Mr. Anderson replied that he had
mado his remarks previous to the
passage of the bill. This had stirred
up tho Investigation and he had come
In response to an Invitation.
Mr. Chestham's Statement.
Mr. Cheatham then gave the follow
ing statement to the committee:
"To th- < '• 'jiimitt: I do not at the
present time, nor have I ever directly
or indirectly, in any manner, owned
any part of, or any Interest In n 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. H. Hyatt,
treasurer, of Columbia, H. C., and no
part of them can be drawn or used
except through the medium of an of
ficial voucher with seal placed there
on, and signed by th** president of tha
latlon, together with the slgna-
tur
of tin
vlth hi
money.” ,
Mr. O’Grady mode a statement that
Mr. Cheatham had urgsd him not to go
Into cotton speculation, but had Anally
onsentod to place some mon>y for him
In Atlanta.
have known Mr. Cheatham pos
sibly four or five years. I had n<
ness dealings of this natu
before.”
Did Mr. Cheatham tell you that he
was In a position to make profits?"
asked Mr. Beymow.
••He did not," said Mr. O'Qrt/ty.
Did he get a ay commission from >ou
or anyone7"
"Not a penny.” aald Mr. O’Orady. He
explained that he asked Mr. Cheatham
to handle the trades because he did not
care to* have Ills speculation known In i
Chattanooga.
“How Did CJiesthsm Know?"
Representative McMullen, a member
of the association, asked leave to nsk
a question. He wanted to kn>
O'Orady seemed to think Cl
knew how the market would g«
No definite answer was given
"I am not acquainted with
Lee," said Mr. O’Orady. "I kno'
ing of him."
Mr. Anderson then read O
letter to Cheatham, saying: "Y
egram leads me to think the
thing doing in cotton." He
was In the telegram.
"I think he( said there v
bull (movement) in cotton,
O’Grady.
"Who Is this ’Rosy’ to wh
ferr
"Who is This Rosey?"
Mr. O’Orady refused to state publicly
though he offered to give the commit
tee privately the name of
Chairman Johnson as
Cheatham had not used
furnished him as though
own, placing it with his own in in#j
hunk and checking it out In his own
name. Mr. O’Grady said this was true.
Mr. O’Grady said his lota! loss was
$2*« through his deals with Mr. Cheat- •
bam. He bad rkently Tereived * pay
ment from Mr. Cheathnm on account, j
Mr. O'Grady stated that he still had
some cotton deals landing, but noti
with. Mr. Cheatham. •
“Is Chestham Still Holding $2,000?”
Mr. A idersoa asked If hi* deals wf
JU
\ \
nly
totally.
"It Is n
prlc
otary.
This fo
Is
that
bo used of-
ulntl
points.
*1 have, at tl
resident friends
■II known that neither
’otton Association ’nor
ever hud any lnfortna-
the cotton crop that
used by Its officers In
atever to advance the
it of themselves or
* no report that has
I Influenced the spec-
otton as much as two
>f min
of tv
non-
placed orders
lire transactions. The one
is been spoken of as being for
uuly Is answered for by hlm-
i*> other which was placed In
0 of I*. A. Lee, was not my
on and the money was placed
inds by this party with which
the transactions. I will not
io Identity of this person, but
that In no transaction was l
1 personally, or to any extent
lithe
of co
iw In
felt
futu
f ton Association
record a number
iosed to the sys-
gumbtlng which
id I ha
al-
abollshinent of the
system in ino Mourn would he of great
It to th** producers of cotton. I #.
nally will always fight to the baatre
,• ability for the entire abolition ofHI
ystern as Is carried on today lr>s*
otton states. Ing
welcome any Investigation of mNn.
|official acts In eonne. tl« i. with tJuly
' *-• —" Association, but .
Ights as a prtvf 1
the stc |
uch shou
onally
sked v
ould t