The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 01, 1906, Image 3

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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