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TIIE ATLANTA GEORGIAN.
7 r
$1.00
c rts an account with a LITTLE HOME BANK and book or with the
Sck only to the
SAVINGS DEPARTMENT OF
the NEAL BANK
AN ° 0N '' HALF p ' R c,nt '
" »■ W"™: c Pf CALDWELL. A..., C ““’"
WA YS OF MR. JORDAN
NOT UNDERSTOOD BY
THE FARMERS’ UNION
Organization is 44,000 Strong in Georgia,
And Its National President Talks of the
Southern Cotton Association and Officials.
SC H OOLOJ\NDJ-9ii!iS£2i.
SCH00L8 AND COLLEGES.
South’s Ideal College-Preparatory Home School
Georgia Military Academy
College Park (suburb of Atlanta), Ga.
**■ ““ s of age. The
paaioo*.jTi f U iw development, «
***. l«mT,rlr—— llh "iM »■'! »"V ■'“"■ill.
t ,„ch<T i» » every ™portunitrl*
1° t ha full limit of attendance Is reached every yew.
s«gfisajas55StNiafiasEii
,ndeocWtoo*- modern reading room, wholesome athletics
drill*, tbonogh preparation for any college or the
sfisisps ‘FgytobSffim-ttr
tnlslw. imi'ic.
WASHINGTON SEMINARY
North Avenue and Peachtree Street. ATLANTA.
For Girls and Young Ladies. Boarding Department strictly
limited to provide refined home life. .Classes divided into sections
averaging about ten students to secure personal instruction.
Faculty of eighteen college graduates. Primary, academic, college
nrsnaratory. music, art and elocution. Certificate admits to Vassar,
Wellesley, Etc. 28th Year begins September 13. 1906.
Catalogue on application to
Phone 647, J North.
L. D. SCOTT, EMMA B. SCOTT,
Principals. h
Hon. It. P. Duckworth, national president
of the Partners' Educational and Co-opera
tive Union of America, which has a inem-
Iwrshlp of 44,000 farmers In Georgia, was
nsked Wednesday by a Georgian reporter If
he had read the reflections, against the of
ficials of the Houthern Cotton Association,
|und what be thought of them.
President Duckworth wild:
“I am not surprised.’ You aee, anybody
| can l>elong to the cotton association. It
allows cotton dealers to take part In the
workings of the association, and, of
course, they will look after their own In-
] tereats."
•What do yon think of The Atlanta
Georgian's charges that Ilarvle Jordan and
his counsel bad caused the Southern farm-
] ers to lose thousands of dollars?"
*T think It Is true. Cotton- would never
have gone below 11 cents, the minimum
price set by the farmers' union, if Mh
Jordan had not filled the papers full of his
cry for IS cents cotton. Ills articles were
written In such a way aa to cause the spin
ners of Liverpool to believe that the farm
ers of the South had gone wild."
"Didn't the farmers' union Indorse Mr.
| Jordan's more?"
"No, no, no. The farmers' union has
[ never followed Mr. Jordan. He has fol
lowed us all the time, until ho weut wild
l and declared for 16-ceut cotton, and that la
the time be got left."
"What do you mean by hla following
the fanners' union?"
"I meat that the aseoclatlon twice adopt
ed the price set by the formers' unlou, and
won; but when It undertook to lead, thn
farmers suffered for Its blunder."
"To what two times do yon refer?’ 1
i! WnA Tim.* when Uit termers' union
set the minimum price In 1904. The country
' -li'T.s f h r. MU'!,' •■! f ttw I • ■. i * ■ '
17, 1904. nn«l ratified the minimum price
named by the Texas officials. In Jsnnnry.
1906, the Southern Cotton Association wus
born, and at Its birth Indorsed the price
we had sot. The second time was wheu
the farmers' union offdals. In August, 1106,
set the minimum price for the season of
1906-2906 at 11 'cents. The cotton association
met In September and Indorsed the price of
11 ceuta.
"Mr. Jordan tried to get the farmers'
union to reduce the price set below 11
ccuts, and we refused. Then he tried
to get us to put up the price abore
cents, and we refused. We never have been
able to nmlcratand Ilarvle Jordan's mo
tives In these strange propositions.
"The time la not fnr distant when the
farmers will quit listening to politicians
and speculators In matters of this klnd.'j
"What do you mean?"
"Please, don't nsk me any more ques
tions, as I will say no more for publication
at this time."
GIRL'S ASSAILANT
SAVED FROM MOB
TrinI and Execution in Ken
tueky Consume Fifty
Minutes.
UNIVERSITY SCHOOL FOR BOYS,
STONE MO UNTAIN, GA. •
A home oehool limited to seventy boyi with eight experienced teach
er, The largest and best equipped school gymnasium In Georgia,
with a competent physical director. Opens September 12. Write for
catalogue. W. B. GRIFFIN, Principal, Stone Mountain, Ga.
CHAS. D. FREEMAN
TO HARVIE JORDAN
ON COTTON DEALINGS
TH£ ALABAMA BREN AU
_ BUVAULA, ALABAMA. - ' ' ■
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Write for Illustrated catalogue.
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and Shorthand at greatly reduced rates.
Good positions secured or money re
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Clip this ad, send to us, and receive
large illustrated catalogue.
MEET TO DISCUSS
THE POSTAGE RATE
II. K. ilnrmnn, of Atlanta, Is sending
at a call fur a meeting of the Southern
trade Press Association, to be held In this
city on August 17 and 16.
Th»* principal matter to be discussed at
this meeting will be the recent act of con
In appointing a committee to look
tint question of raising the postage
..... on second-class matter In order to
make up to some extent the annual de
ficiency in the postofflco department. Th«
meeting will be under the auspices of the
Houthern Trade Press Assoclatlpn. lilt at
tendance will be welcomed from all classes
of periodicals, and It Is thought representa
tives of every newspaper organization In
the .South will be on hand. air. Harman
expects to see between three hundred and
five hundred representatives present.
PENNSY RAILROAD
REDUCES TICKETS
TAGGART SIDESTEPS
PARTY CONVENTION
The subjoined letter was recently ad
dressed to.Ilarvle Jordan, preald.nt of
the Southern Cotton Association, by
Charted D. Freeman, of Charted D.
Freeman ft Company, NeW York. Mr.
Freeman Is ona of the best known
brokers In New York, and his firm has
branches In New Orleans, Savannah
and Liverpool. He Is an authority on
the cptton market, much In the same
light that Henry Clews Is an author
ity cn things financial. Mr. Freeman's
letter to Mr- Jordan Is an Interesting
ono, dealing with the question of buck
et shops and exchanges and strongly
defending the legitimate exchange.
The letter follows.
Dealing in Cotton Contract,.
the convention. Ho took the hint.
By Titrate Leaied Wire.
New York, Aug. 1.—The Pennsylvania
Rallrand Company will put on nale Septom-
t*r 1 1,non-mile tickets for S90. They will bo
valid 00 011 linen en.t of Titubnrg nnd
{•tie nud will Im tranafrratile. One way
fore, in the name territory will h« reduced
to :h cent, a mile. This 1, s cut of 1 cent
n mile.
8AL00NIST FINED $5CO
FOR KEEPING OPEN SUNDAY.
Bpeelnl to The Georgian.
Savannah, On., August 1.—In the city
court yesterday Judge Norwood Im-
Po«e<! a tine of 8600 and coats on Pero
Alamaros, convicted of keeping hla
Mloon open on Sunday. Judge Nor
wood stated that he was determined to
break up the practice of keeping bars
open on Sunday.
WOODMEN OF WORLD
ORGANIZE A CAMP.
Spwdsl to The Georgian.
Bowman, Ga.. August I.—Bunyon
Cheek, who has been here for about a
»*ck, has been very successful In or-
SfSW * camp of the Woodmen of
the World at this place. About 26 will
« taken In tonight as charter mem-
ini*' , nn ' 1 "’oodmen of high standing
.in P r **ent from Eiberton, Hart-
tlon an “ Canon t0 assist tn the inltla-
By Prlrate Leased Wire.
Indianapolis, Ind., Aug. L—Tom Tag
gart will not attend the first district I To Mr. Harvle Jordan, President of
Democratic congressional convention at the.Southern Cotton Association, and
Petersburg today os he had announced ^J| tor of The CoMon Journal, Atlnntu
he would. It had boen stated that Tag- S | r: M y attention has Just been
gart would make a speech at the con- called to an article prepared by you
ventlon. _, , for the Atlanta Credit Men's Associa-
After the raid on the French Lick tlon, and published In a recent issue of
Casino, the arrest of gamblers there The Atlanta Journal. I have read It
and the confiscation of their parapher- with some care.
nalla. It was thought by the leaders of As I am a member of tho New York
the first district that It would be bet- Cotton exchange and of the New Or-
ter for Taggart If ho did not appear at | leans cotton exchange, and through my
‘ * own firm and that of my associates,
Messrs. Glbert ft Clay, of New Or
COURT FINES NEGRO |i««
FOR INCENDIARY TALK, (contracts, I believe I may be pardoned
... — ~—~— I for construing your nttack upon the
Special to The Georgian. I New York cotton exchange ns a per-
Ohattanooga, Tenn., Aug. 1 Dooley sonal one, and also ns an afTront to
Jackson, a negro, has been fined 660 every Southern customer of ours who
and costs by the city court on a charge contracts for cotton through these ex.
_ I changes.
cernlng the white race are said to have 0 ( your 'nrTicie 'was to’ forward’ ' the
been made soon after the death of I passage of a bill now pending Ip the
John Parker, a negro who was fatally I Georgia legislature, to prevent deallnf
shot by Patrolman Clark. , In cotton contracts In the state q; 1
Georgia I say I have read your arti
cle with care, but I confess 1 have
Inorease in Population. tailed to find one sound, logical argu.
Special to Ths Georgian. ment In support of your contention.
Chattanooga, Tenn., Aug. 1.-—Accord- |You Indulge In vituperation and wair
Phone 406 or Drop a Postal to
THE TRIPOD PAINT CO.,
37 N. Pryor 8t., and a
ItetvTfum
A RTI ST
Handsome Brass Pieces
We are displaying a magnificent collection of brass
wares just now. A few are shown in our window.
55*: c z v ^ ¥ ma ha. b a y i p ifr n s psrssss %ssssrs^s
Phillips, tho city has a population of I inqulty," and a "clearing house of cor-
62,000 and that there are 15,000 chll- ruption," and you make various bare-
dren of school age In the city. This faced statements which would be un
is a gain of about 2,000 children of I worthy of notice If It were not for the
school age and a gain of’ about 13,000 official position you hold as president
of the Southern Cotton Association,
and as editor of a journal which you
are attempting to make ths recognised
organ of that association.
It Is plain enough to any reader of
your article that you not only condemn
and would destroy "bucket shops" and
"local exchanges,” but also the New
York "den of Iniquity" and every other
cotton exchange In the United States,
for you state that the Southern Cot
ton Association, In all Its stats, and
national conventions, has passed strong
resolutions demanding ths enactmsnt
of laws by all Southsrn states prevent
ing speculation In cotton contracts
through any sourcs.
Has It ever occurred to you that If
you and your association could ac,
compllsh such legislation—
That, you would destroy the power
ful competition that has been built up
under the contract system—
That, the number of buyers would be
less, and ths price consequently lower—
That, buyers In control of large
amount! of capital could at opportune
tlmee secure better bargains than
I tract business could be transferred tn
Liverpool, Havre and other foreign
markets, tht
of foreign ti .
That, the fluctuation In prices would
bewnore unsteady and violent?
If you doubt .that such would be the
result, I would refer you to the testi
mony of numerous cotton merchants
and spinners glvtn to the United
States senate committee on i
and reported to the senate
ary, 1815. I especially recommend this
report to you because It would en
lighten you upon some matters re
Ing which you seem to be dense!
norant. For Instance, you say:
"No spinner would think for a mo
ment of executing a purchase of a con
tract for cotton to be delivered at a
future date through the New York
cotton exchange with the expectation
of getting what he bought.”
In a letter to the senate committee,
Mr. Elliot C. Clarke, treasurer cf the
Boon Cotton Mills, makes this state
ment: "It is not unusual 'that Urge
Will bring you a sampla-cerd and
glvs you an estimate on Tinting
your walls with DECO-MURA, the
now ssnitsry Wall Finish.
e Des k appointments, Jardinieres, Wood-Boxes, Coal ™^ for clJ; e .rii D ^* tu ?o 0f ttt
Scuttles, Urns, Smoking Seets and the like. Substantial month^d.iivem.^r. ^j^ring
would be Impossible tb procure
promptly sufficient cotton to All these
... A nmKrrr r contracts at the time they are lakro.
AAA Fill? Mr Hr HK MLL.h* »r means of the entsugn the tton
CY ULriUYLiLiLi lean be obtained wljen neeiled, and the*
artistic.
price of It determined at the time It Is
made. I frequently have had occasion
to buy.cotton In this way from rei
slble Arms”—and he names three
York Arms with whom he made con
tracts other spinners make similar
statements.
But what Mr. Hi ward Stockton,
treasurer of the Merrimack Manufac
turing Company, wrote to the commit
tee Is especially worth your consider:,
tlon: "My opinion,” ne said, "Is that
the system of selling cotton f r future
delivery It. a great convonionce to man-
facturera. It enables them to contract
ahead for their goods and to secure raw
material for making the same at
certain deAnlte price. It tends to pre
vent extreme Auctuatlona In price
which existed before the exchanges
were started. With those manufac
turers who have a large .quick capital,
the beat way to buy their, cotton la to
wait until It comes In freely tn larger
quantities than a legitimate demand for
spinning will nbaorb. Without tho fu
ture system cotton used to crowd In/,
the market, and the planter or factor
would be compelled to accept the best
price he could get. which was of grea
service to those manufacturers with i
large capital, aa they could take ad
vantage at the pressure and buy at ox-
tremely and abnormally low prices.
This chance has been taken awrfy from
them by the system of futures, and en
ables the factors and planters to dis
pose of their surplus at such a time
through the medium of the cotton ex
changes, and enables them In this way
tO hanUapa anH nthara tn aappv It "
Edmund Dwight, treasurer ofjthe
Stark Mills, expressed to the commit
tee this opinion. "If the planter
wishes to prohibit the system of buy
ing and selling futures. I think the
manufacturers should let him have his
wish. Ths effect would be to cause a
large accumulation of cotton at the re
ceiving points, at. certain seasons,
which, being held for actual cash
of buyera than Aow exist. There
would be times when the load would
be greater than the factors could car
ry, and a buyer with ready money
could buy to great advantage. If fu
tures were abolished the number of buy
ers would be less, and the average price
lower."
have quoted at length from this
testimony taken In 1616, because It ap
plies with just aa much force to present
conditions as It did ten or twelve years
ago.
Of course you will not deny the fact
that extreme Auctuatlona In prices are
harmful to both the producer and con
sumer, and In this connection I Invito
rour attention to a bulletin published
>y the United States department of
agriculture, entitled "Production and
Price of Cotton for One Hundred
Years.” On page 20 a series of tables
Is presented, showing the range of
prices of middling cotton In New York
■tnce the year 1821. These tables
show that prior to the establishment
of the cotton exchanges In this country
the Auctuatlona In tne price of cotton
were far more extreme and violent
than they have been since the Inaugu
ration of the contract system. The
department's bulletin makes the fol
lowing deduction from a comparison of
fully
l few
here
who
By Private Leased Wire.
Msyfleld, Ky., Aug. 1.—Although
10,000 persons were on the scene, only s
hundred witnessed the legal hanging
last night of the negro.Allen Mnthls,
criminally aaaanlted Mlaa Ethel McClain
laat Wedneaday erenlng.
Within fifty mtnutea from the time
Jury waa aworn. the negro hnd been tried,
found guilty, sentenced, hanged and pro.
nminced dead.
The execution took place at I o'clock
the yaAl of the Jail. Almost the entire
fence erdnud the seafTold was torn down
the crowd which desired to witness
hanging.
It was about S.W o'clock yesterday even,
lug when the negro waa brought here from
BBSn
local mill
Joeal military met the train nnd the negro
waa marched to the court house. Severn!
attempts were made to setae the negro,
and he was twice In the posaeaalan of the
mob.
The soldiers surrounded the negro and
a numlier of membera of the Hopkinsville
company were compelled to draw their gn'na
and threaten to use them unleaa the mob
fell back. The negro would have met hla
death by lyncblng. tint the rrowd decided
to let the law Inflict the puulihment after
It proceeded that far.
YOUR EYE GLASSES
Are an Import Ant factor In your op
pearance. The Integral Kryptok Invls
ible bifocals are dressy nnd rent eye
comforts. Far anil near vision In one
glass. Made exclusively by John L.
Moore ft Sons, In Georgia, 42 North
Broad street. Prudential building.
TRY A WANT AD
IN THE GEORGIAN
the range of prices since 1821: "Lenv
Ing out the war period, and those years
when the crop or the United States had
not reached a supply equal to that Just
>recedlng the war (say from 1866 to
1878), there appears to have been
gradual diminution in the range
irices, the Auctuatlona balng less dur
ng the decade 1881-1810 than at any
other period, that since 1890 being
slightly In excess because of a contin
ued movement In the price (occasioned
by the enormously Increased crops)
which had not before existed." The
only exception that can be made to this
statement Is the violent fluctuations In
1008, when there was an extraordinary
demand for cotton, occasioned by the
very small crop produced.
You make the statement that last
rear the South produced 10,500,000
>ales of cotton, while the records of
the big ekehanges will show dealings
In nearly 600,000,000 bales In the past
twelve months; that If avery transac
tion had been a bona fide one It would
have required the delivery of fully
250,000,000 bales of cotton; that tho
legitimate laws of supply and demand
are not recognised, etc.
These statements are merely pre
sumptuous. A contract for future de
livery Is something like n check or
bank note. A check for 8100 may be
Indorsed to a number of persons and
bank. A 6100 bank note may during
SHIRTS
WELL
LAUNDERED
are indeed a luxury—also
a necessity such weather
as this.
But the life of the shirt
must be considered. We
do high-class work with
out injuring the clothes.
Try Us and See
xcelsior Steam Laundiy
40 42 WALL ST.
TELEPHONE 41.
Indebtedness. And so a contract for
100 bales of cotton may be sold several
times during the day, or fifty times be
fore It expires, snd every time It Is
sold It Is recorded as a transaction In
100 bales of cotton. If It should be
eold fifty times before the expiration
of the contract or the day of delivery,
this would not mean that 6,000 bales
had been sold, but only 100 bales trane
ferred fifty times.
As to ths exchanges manipulating
prices In disregard of the laws of sup
ply and demand, the assertion la too
ridiculous for serious consideration.
There Is perhaps no class of business
men In the world who study so care
fully thsse economic taws. Slnoe the
organisation of the exchanges they
have had better facilities than any
other class of business men for secer-
In and the
demand for It, for, like no other great
commodity, practically every bale of
cotton may be traced from the place of
production to the place of consump
tion. The exchanges could hava no
exlatenca If thsy attempted to Interfere
with the laws of supply and demand.
The laws of supply and demand are
aa forceful aa the laws of physics, but
It Is due to your efforts that the supply
has been underestimated and the de
mand exaggerated, which has resulted
in serious loss to the producers of cot
ton during ths past year.
The South wilt never forget, and
members of your own association so
state, that your 15-ccnt propaganda
haa resulted In great and serious losses,
as have the speculative transactions of
people who have based their Judgment
on your assertions of a amall supply.
•Your activity In support of the Boy
kin bill Is Interesting, especially as you
bring to bear upon It all the false
reasoning of which you are capable.
There Is hardly a difference of opin
ion as to the advisability of suppress
ing "bucket shopa," as they are really
the temptation for gambling for those
who follow your reasoning, and who
should conflne themselves to their le
gitimate business’ efforts; but It strikes
us all as rather absurd that, assuming
ths attitude you do In the matter of
cotton contracts—Ignoring tha fact that
they are the machinery for the distri
bution of the cotton crop—you should
continue to foster as the secretary of
your association, Richard Cheatham,
who Is said to be such a large stock
holder In one of the "bucket shops” In
the city of Atlanta, Ga.
It Is astonishing that you continue to
arrogate unto yourself credit for the
advance In the price of cotton during
1105. Has It ever occurred to you that
the sole reason for this advance was
the demand to supply the world's re
quirements?
As a final word on this question of
the supremacy of your Individuality, I
take this occasion to assure you that
you can rely upon the growing Intelli
gence of the people of the Bouth to see
their own way to success on the broad
est economical lines. They are fully
Informed of the great world factory
that are at work, and. In the near fu-'
ture, when the Bouth Is spoken of aa
the most prosperous part of tha United
States, do not tell us that Ita success
was accomplished through your ef
forts. Very truly yours,
CHARLES D. KllEEMAN.
leeeeeeeeeeeeeeeeeeeeeesseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee—m
TAYLOR’S 1
i
| Thursday and Friday j
THREE SPECIALS
Domestics
36-ln. Sea Island 5c
Bleached Sheets 50c
Bleached Cases 10c
Linens
66-Inch Bleached Damaak 25c
Brown and Blue Dress Linen .
at 12140
Extra large Huck Towelo.. 10c
Wash Goods
39c Silk Mulls, for 25c
10c Floral Organdies .... 71-20
15c Mill End Ginghams.. 61-2c
Dress Goods
50-Inch Sicilians 50c
38-lncl) Batistes 50c
36-Inch 8harkaklns 25c
Silk Dept
36-lneh Black Taffeta 89c
75c quality White SUM .... 59c
18-Inch Loulslns Silks 25c
Notions
Clark's Spool Cotton .... 21-2c
100 yards Best Sewing Silk 8c
Bullet Pearl Buttons ,10c
Furnishings
Ladles' Bleached Vests .... 6c '
Ladles' Lace Hose ........ 16c
25c 6olled Corset Covers.. 15c
FROM EACH DEP’T.
Children's
Muslin Drawers, ruffled ...,10c
Children's Dresses ........ 50c
Muslin Night Rooes 26c
Clothing
Boys' White Duck Suits 50c
Men's Blue Serge Suits... .16.90
Men's Blue Serge Coats... 62.50
Hats
Child’s Straw Hats 16c
Men's $1.00 8traws 50c
Boys' new Fur Hits 61.00
Shoes
White, tan or black Oxfords 98c
Child's Tan Barefoot! 50c
Men’s Canvas 8hoes 98c
Ladies'
Waists
50c Colored Waists 25c
75c White Waists 50c
$1.50 White Waists 98c
240 Marietta Street. 240 Marietta Street.
cc
o
o
>
III
£
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&
>
lAl
X
THE VICTOR SANITARIUM
321-323 Whitehall Street, Atlanta, Ga.
OPIUM, WHISKY:
il otlio-r rlruir habltn
rrd In four wealta.
I’ailt nlM do not suffer as
th«y Jit 10.11!'. institution*. < onifort of {uttlrntH carefully looked af
ter. Sanitarium la homc-llk# and pleoxnnt. nnd not a prison, a* aome
Imagine. Treatment entirely freo from any hnrmful roHtilt*. For full
particulars call or addrcaa Tho Victor 8anitarlum, or Dr. B. M. Woolley,
Lock Box 387.
HORSE THIEF LOOSE,
BARNS AREQUARDED
By Private Leased Wire.
Rockville. Md„ Aug. I.—Joseph II.
Brown, ■ notorious aa a horse thief of
singular ability, pleaded guilty In the
circuit court yesterday to two Indict
ments charging grand larceny, com-
mltted n dozen yearn ago. Judge Hen*
demon aunpended aentence and releas
ed the man on hln own recognisance,
during good behavior. In comtequeno*
the realdemi of the Rockville
borhood are lncemied and alarnu
have purchased the entire stock >
ble locks and barn the local atm
fered.
Hdgh-
<1 and
WORKING
Chases
Dirt
1910 EXPO.
Boost the Big
Show by using
OLD DUTCH
qiEANSER
EVERY TIME
YOU BUY A CAN
YOU MAKE THE
CUDAHY PACKING
CO. CONTRIBUTE
ONE CENT TO THE
EXPOSITION
FUND. A LARGE
8IFTING-TOP CAN
FOR TEN CENTS.
ALL GROCERS
SELL IT