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THE ATLANTA GEORGIAN.
b
TESTIMONY at afternoon and night sessions
of THE COTTON ASSOCIATION INVESTIGATION
After Ten Hours of
Listening Commit
tee Called it Off.
"Ration of Richard Cheatham.
Cretan- of « he southern Cotton As-
waa taken up Wednesday
^rnoon at 3 o'clock, after a receaa
lor* luncheon, A number of Interest-
f" witnesses were examined and the
Srion continued until 7 o'clock, when
Mher receaa waa taken for dinner,
f alaht session, which continued until
fl o'clock and which dosed the evl-
jsnce, ^'“"p d N00N SESSION
The committee took up the Invest!
_,l, m at 3 o'clock. A crowd even
,han that at the morning session
nffypnt*
... jt Kagan, manager of Glbort A
nec appeared on an Invitation from
the committee. He took the stand,
ur Anderson, upon being requested by
Chairman Johnson, acted as questioner.
-Mr Fagan is ready to answer ques
tions if Mr. Cheatham agrees," said Mr.
■*”That ,n ia up to the committee,” said
gr. Cheatham. “I am not conducting
* 1, !ivi” a o'Grady n refused thla morning
to permit hl» private affairs to be ex
posed." he said.
-If Cheatham Wanted Investigation."
Mr Cheatham refused either to for.
hid or permit Mr. Fagan to make a
Statement. Mr. Anderson urged that
If Mr. Cheatham were really anxious
for a complete investigation he would
consent to have Mr. Fagan talk. Mr.
nas only waiting for the per-
Cheatham, who was
Fagan
mission of Mr.
the only man Fagan had known In the
transactions.
Mr. Anderson began by a few pre
liminary questions, relative to his posi
tion nt Glbert & Clay's. Mr. Fagan
,tated that he knew all about the
Cheatham trade and with Mr. Cheat
ham's consent waa willing to make a
statement. .....
.Mr. Cheatham remained silent,
iThere you are, gentlemen!" said
Mr. Anderson to the committee.
"I Was Indignant."
Mr. Seymour, of the committee,
asked why. if Mr. Fagan had given this
Information to Mr. Anderson, he re
fused to give It now.
•I gave this Information to Ander
son," said Mr. Fagan, "because the pa
per published by Mr. Jordan had made
a bitter attack on the New York ex,
change, and I was Indignant. I told
Mr. Anderson that If Jordan would look
into hts own business household that
he would And out things about some
speculation there.
No Suggestion to Give Consent
Mr. Seymour continued to ask why
Mr. Fngan refused to make a statement
without .Mr. Cheatham’s consent but
no member of the committee suggested
that Mr. Cheatham give that consent.
Mr. Anderson believed that the stage
had been reached, where Mr. Fagan
Should proceed without Mr. Cheatham’s
consent. If he had tried to secure this
consent and failed.
The committee then agreed that such
questions be asked as Mr. Fagan might
be willing to answer.
"It never occurred, to me," said Mr.
Anderson, “that Mr. Cheatham, after
asking for nn Investigation, would re
fuse to permit any question that would
throw any light.”
"Oh, shucks," remarked Mr. Cheat
ham. •
Mr. Fagan then answered questions
pul by Mr. Anderson. He said that
Cheatham had placed order* In the
name of O'Grady. All communications
addressed to O'Grady, care Glbert A
Clay, had been turned over to Mr.
Cheatham by the latter's Instructions.
Mr Fagan was then shown wcopy of
the transactions said to have been
made by Cheatham. He confirmed the
statement as shown.
"Richard Cheatham, Secretary.”
Mr. Fagan states that the deposit of
11,001) for margins was made by
Chealham In checks on the Fourth Na
tional bank and signed “Richard Cheat
ham. secretary."
When the transactions were closed
oat In March Mr. Cheatham asked Mr.
Pagan to pay him the amount due In
two checks on New Ybrk, one for 33,-
,30.90 to Richard Cheatham; one for
3999.02 to S. B. Bedford, Mr. Fagan
stated, and these were paid In New
Fork and returned to Atlanta.
Deposited by Cheatham.
The Cheatham check bore an In
dorsement of Mr. Cheatham and no
one else. It first appeared In the Bank
of Commerce, at Memphis, Tenn., as a
deposit by Richard Cheatham.
The other check, payable to S. B.
Bedford, was given to Mr. Cheatham,
the iirst Indorsement was "pay to O.
M l rquhart, S. B. Bedford." It was
deposited In the First National bank,
of Greenville, .Miss, Mr. Fagan had
seen these checks.
Mr. Kagan stated that he did not
know .Mike O'Orady In these transac-
jions. He learped Sunday night that
it was the same O'Grady who was for-
r .y a bartender In the Read house at
there 8 " 00 **’ and w ** om *>* had known
Mr. Kagan said that when Mr.
Cheatham closed out the P. A. Lee
STHf. he had been given a check
tor slG*. payable to P. A. Lee. Mr.
r5PJ, did not know Lee personally,
did not know who he was. The
:f e orders hath been placed during the
same period as the orders of O'Orady.
rhej Were handled by Cheatham In the
same way as the O'Grady deals. The
check to Mr Lee had been drawn on
the Mathlox-Rucker Banking Compa
ny. It was then Inuorsed by Lee and
next by Richard Cheatham. Jt was
then paid to or cashed by the Pied
mont hotel. The checks deposited to
cover the margins, amounting to
34.000. had been signed "Richard
Cheatham, secretary-."
Indorsements, Richard Cheatham,
'he Indorsements on the checks paid
had been • simply “Richard Cheat
ham."
Mr. Fagan said when ‘he received
the checks signed “secretary" hs took
It to mean that It was as secretary
of the Southern Cotton Association. He
said that he and Mr. Cheatham had
been frlerfdly. They were naturally
not friends now.
In response to questions by Mr. Sey-
mour, Mr. Fagan said he had been
with Mr. Cheatham to some extent
and was rather friendly.
Something Doing in Cotton.
When Mr. Cheatham opened his ac
count he told Fagan that he thought
there would be "something doing In
cotton." - He said he wanted to open
the account In the name of Mike
O’Grady. It was Mr. Fagan's Impres
sion that It was Cheatham’s own ac
count. He.could not state positively
that Mr. Cheatham had not said “for
Mike O’Grady." Most o{ the further
trades had been handled by tele
phone.
Mr. Fagan denied that he told these
things fo Mr. Anderson with a view
to Influencing legislation on bucket
shopa or exchanges.
Mr. Fagan said that he had once aug-
gested that Mr. Cheatham buy some
cotton, during the period of the trades,
and Mr. Cheatham had done so, re
sulting in a profit.
Mr. Cheatham asked If It was not
true that he had told Fagan that
O'Grady was a Chattanooga distiller,
who might make a gtyid customer.
Fsgsn Recalled It.
Mr. Fagan said that now that Mr.
Cheatham recalled It, this waa true.
Mr. Cheatham had offered to give him
a bottle of .whisky sent him by O'Grady.
Mr. Fagan stated that he made his
statements to Anderson prompted by
a spirit of Indignation.
"What Is the difference between
bucket shop and a legitimate ex
change?" waa asked.
"Orders placed In a bucket «hop are
not executed on the floor of any ex
change,” said Mr. Fagan.
"Does or did Mr. Cheatham own any
stock In the Piedmont Brokerage Com
pany?".
"I have been told ao by Mr. Hamilton
Fraxler.” said Mr. Fagan.
Mr. Cbeatham submitted a telegram
from Hamilton Frailer, of New Hamp
shire. stating that he knew pothlng of
the Piedmont Brokerage Company. »
Frazier Said Cheatham Owntd Stock.
Mr. Anderson stated that he had a
statement from Mr. Hamilton Frazier
directly at variance with thle letter.
An affidavit was produced In which
several witnesses swors that Hamilton
Frazier had told W. R. Fagan that
Richard Cheatam owned an eighth In
terest in the Piedmont exchange, but
that this stock was In the name of
Hotze and afterward traneferred to A.
Fairchild.
Mr. Fagan said that when Cheatham
told him that O’Grady was a prominent
distiller It did make an Impression that
'Grady was realty, running the ac
count, but he Wad not recalled, this
until Mr. Cheatham reminded him of
it during the Investigation. When he
was Instructed by Cheatham to read
communications to him and receive
checks signed by Cheathum. he then
gained the Impression that Cheatham
was conducting the account for him
self under another name.
Mr. Graves Testifies.
John Temple Graves then took the
stand. He said that he had been
drawn into the discussion by persoral
comment. A criticism of him had ap
peared In the papers. It placed a wrong
construction on his position regard
ing the difference between bucket
shops and legitimate exchangee. He
was In possession of Information given
by Dr. Crawford regarding the own
ership of the Piedmont exchange. All
that he knew had been learned from
witnesses. Mr. Anderson, Mr. Fagan,
Dr. Crawford, Mr. Cothran and oth
Colonel Graves had no direct lnf-r-
matlon that Mr. Jordan was connected
with any exchange or had speculated
on the merket. He bail heard that
Mr. Jordan had been connected In some
way with a New Yorker whose repu
tation was broadJr than It wa*.savory.
This was a rumor and bad been treated
as such. He said that In the Georgian
of that afternoon, Wednesday, there
were published criticisms of Harvle
Jordan which. In his mind, furnlsned
a sufficient basis for Inquiry as to Mr.
Jordan. *
Peters Hed Been Dismissed.
It was shown that 3. B. Peters, of
Texas, who had written a criticism of
Mr. Jordan, had been dropped as an of.
fleer of the association. It was prov
en, however, that his letters to The
Georgian, as well as to others, was
written upon.the stationery of the cot
ton association and bore his name.
Colonel Graves stated that when he se
cured the communication he had not
known that Mr, Peters had been dis
missed from the association.
Ranted Dr. Crawford Invited.
Mr.' Smith, of. the committee, sug
gested that Dr. Crawford ho Invited
to tell what he knew about Sir. Cheat
ham’s alleged connection with '.hs
Piedmont exchange. He said that if
they did not hsar Dr. Crawford some
newspaper might criticise the commu
te*. No action was taken at this time.
In answer to questions Mr. Ander
son admitted frankly that he made
the charges be fere the house believ
ing that such charges would Influence
the legislation on tho Boykin bill. If
DR. CRAWFORD’S TESTIMONY
IN RE RICHARD CHEATHAM
In his evidence before the Investi
gation committee. Wednesday afternoon
Dr. J. M. Crawford made a statement
which reflected harshly upon Richard
Cheatham's love for the cotton planter
and his motive In the attacks on the
bucket shop In the columns of The
Southern Cotton Journal. It was while
Dr. Crawford was talking of Cheat
hams alleged connection with the Pled,
mom Brokerage Company, In which
Dr. Crawford Is a stockholder.
"In a conversation at the Piedmont
hotel I reproached Richard Cheatham
with being two-faced," said Dr. Craw
ford. "I told him that In his attacks
on bucket shops he was hurting our
business, meaning his and mine, nnd
Inquired why he did It.
"Cheatham closed-one eye and leaned
back In his.chair.
“ 'Doc.'t he said, 'that Is the greatest
card we over played. I got a batch of
orders from those farmers today that
was so high,'"
Dr. Crawford measured a height
about two feet from the floor with hie
hands.
Dr. Crawford's statement was, sum
med up. that he Invested In the Pied
mont Brokerage Company with the
clear understanding that Richard
Cheatham was an owner of one-eighth
Interest. He said that he had alwayi
considered Cheatham as one of
company, hail known he was Intimate
with .Manager Hotze. who conducted
the shop, had talked with Cheatham
an undertone of cotton mattere and
ways as If Cheitham were with him
the company.
He ndmltted that Cheatham had not
told him directly that he was Interested
In the shop. He said that Cheatham
had called him over Hie telephone
short lime before and -had asked
whether he (Cheatham) had ever
stated that he owned an Interest in the
shop. "That conversation closed
Mr. Cheatham’s asking me to let him
down as light as I could,” remarked Dr.
Crawford.
The witness stated that Manager
Love, of the Piedmont exchange, had
once told him that Cheatham nnd
Ilotxe, manager of the bucket shop
that time, hail .spent a great part
the night together In preparing a car
toon for Th* Cotton Journal. The proof
of the cartoon Incident was not brought
Out. It was afterwards stated, though
not before the committee, that It wi
probably an editorial and not a car
toon which had been meant, if any
thing had been prepared.
A. A. FAIRCHILD SUBMITS
CARD TO THE COMMITTEE
I am an advertising man and compiler of
considerable experience, and, ns jrou nr<
aware, am employed to hove published the
official proceedings of the association, which
has been done to the satisfaction of mjr
employers.
1 am, as you well know, not elected by
the members, and my only duty In connec*
tlon with the Southern Cotton Association
la to look after the work connected with
the aforementloued book of proceedings.
1 am n'ever counseled by any of the offi
cers of the association ns to what they
■ball advise the members nnd followers.
My counsel la never offered or aought,
therefore 1 have alwayi considered It my
privilege to do and net aa I aee fit; pro
vided Tt does not reflect upon any of my
employers or the Southern Cotton Associa
tion. With this In mind, I Invested In n
bucket shop, never for one moment think
ing that anyone rould connect thla trans
action with the officer* of the aasoclatlou
or affect the principles advocated by It.
When 1 discovered that thla waa not the
caae, at previously stated, I disposed of my
stoefc.-
Inasmuch aa certain'people, who, through
motives I will not endeavor to express, are
continuing to use this Information, yoluu
tnrily given out by mraelf, aa a wenpou
ngainst the officers of tbe iisnoclatlon,
thereby making a direct reflection niton
the association. I herewith tender my resig
nation. Thla la done for the purpose of
protecting this great organisation ngnlust
the onslaughts of those who desire Its de
struction, and rnfber than feel that 1 have
tu any way facilitated their purposes, 1
would rather disconnect myself entirely from
the gentlemen 1 have hnd the honor of
serving In an humble capacity.
1 wish to state Jo the Houthern Cotton
Association that you have my profound
respect and admiration In conducting ’the
campaign yon are now engaged In, al
though personally ray Ideas are not en
11 rely In accordance with rour own. This
Is the.first expression I Imre ever made
na to what ray individual opinion la along
these lines, and I trust you agree with me
thnt I have a perfect right to my convic
tlons, l>eonuse they are mine only nnd
no Influence upon the public, and It
did you are too great nnd beneficial nn or
ganisation for me to permit myself to at
tempt to lnjnre yon In the nltghtest decree.
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Deafness. • •
H. C. C. is a local treatment and a blood medicine in
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tains no alcohol, opiates or narcotics.
For Sale by all Druggists at $1.00 a Bottle
oxir
It had slopped thjra he would not now
be before the bomihlttee. He wat op
posed to the Boykin blit because It did
not go far enough In prohibiting bucket
shops and It prevented neceesary hedg
ing by cotton dealers. The point he
was fighting tor was hedging con
tract*.
Mr. Jordan asked why the bill was
Indorsed by tbe commercial nrgnnlxa,
tlon* of Georgia If It la Injurious to
business Interests. Mr. Anderson anid
that the Indorsement of the Atlanta
Chamber of Commerce was an Indorse
ment of his position, as the organise
tlons only wanted to force out the
bucket shops.
A discussion cf the Boykin bill be
tween Mr. Anderson and Mr. -Jordan
ensued. Mr. Seymour joined In the
discussion and volce-1 his own opinion.
Mr. Smith moved that the committee
proceed to business.
Barry Cothran next took the stand
He said that Hamilton Fraxler-had ap
proached him and asked him to take
etock In the Piedmont exchange.
"Cheatham . Owntd sn Eighth.”
Mr. Frasier told me that Mr. Cheat
ham was an eighth owner In the Pled
mont bucket shop. I have seen Mr.
Cheatham with Mr. Hotxe, manager of
the bucket shop, a number of tlmee,
and had always understood that Cheat
ham owned stock In the bucket shop,’
said Mr. Cothran.
He knew nothing of hts own knowl
edge that would prove that Cheatham
had any connection with the ex
change. Mr. Cheatham had never
traded with Ware A Leland, which was
managed by Mr. Cothran.
Mr. Seymour asked If Ware A Le
land had not sent out a message over
Its wire to Montgomery, Ala., that Mr.
Cheatham was trying to buy 340,000
worth of property In Atlanta. Mr.
Cothran replied In the negative.
Mr. Cheatham questioned Mr. Coth
ran. He asked If Fraxler had not told
Cothran that W. R. Fagan waa a part
ner In the Piedmont exchange. Mr.
Cothran denied this. Mr. Chealham
said that Fagan had stated this to be
a fact.
Mr. Cothran denied that he had told
Dr. Crawford It would be well to go
Into the bucket shop at the Piedmont.
Mr. Cheatham asked that the name of
Harvey Johnson, of The Journal, be
taken, and Mr. Johnson b* questioned
on this matter. Mr. Cheatham endeav
ored to show that Mr. Cothran had
worked In the Interest of the bucket
ehop. Dr. Crawford was ssnt for to
make a statement.
Holland Curran Called.
Holland Curran, of R. Beldenburg A
Co., was the next witness. He stated
thht he would answer questions, but
would make no statements without the
consent of Mr. Cheatham.
Mr. Cheatham refused to give either
consent or refusal. Mr. Curran then
said he would take this as consent. He
thought that If Mr. Cheatham had
nothing to be ashamed of he ahould
not object.
He had handled come cotton, he eald,
for Mr. Cheatham under the name of
Mike Jones. Cheatham had said that
Jones lived In Chattanooga. Ifall had
been sent to "Mike Jones" In Chatta
nooga and returned by the poetofflee.
The last transaction had been on July
3. Mr. Cheatham had come to him and
said: "Buy me 400 October." They
had asked him what name and he had
said: "Make It Mike.”
-“Mike Jones,’ Said Cheatham."
When asked for another name he
had eald: "Mike Jones." Mr. Curran
had tried to get access to the books aft
erwards, but had been refused. Mr.
Cheathim's checks had been signed
-Richard Cheatham, secretary." Mr.
Cheatham had lost all his margin and
340 more, which S’ax paid by him.
Mr. Curran said that tbe account had
been run In the name of "Mike" for a
week, and then the name of -Jones-
had been added.
“Why did you take it for granted
that Cheatham didn't want his name
known?" was asked.
Because Cheatham was a trusted
officer of the association, and I thought
he wouldn’t want his name known,"
HERRING MEDICINE CO., Atlanta, Ga.
said Mr. Curran.
I can prove that Mr. Cheatham
traded with us by cancelled checks on
the Fourth National bank given by
him. These Were signed, by him as
secretary., and I took At that the money
was that of the cotton association.
"The first Intimation I had of this
Investigation wns a notice not to ap
pear from J. B. Cheatham, manager
of my company," eald Mr. Curran. "I
came on my own hook becauxe of Mr.
Richard Cheatham's attacks on the
brokers and my profession.
"My employers ordered me to say
nothing ta Anybody about? this matter,
but I don't care a continental what
anybody says when I think I am right.
"Cheatham Called My Manager Off."
"Mr. Cheatham called my manager, J.
B. Cheatham, off In a corner last Sat
urday and conferred with him. He had
spoken to me gruffly sx he came‘In,
but after hlx talk with my manager he
came out and slapped me on my back,"
eald Mr. Curran. ’„
The committee suggested that Man
ager Cheatham be called to testify. Mr.
Curran said that Cheatham had said
he would not ap&far—that "all of them
seemed to be scared about something.”
Mr. Curran said that he had opened
the books for the Piedmont Brokerage
Company. The name of the stockhold
ers did not appear'on the books. He
did not know that Sir. Cheatham waa
a stockholder. He was under obliga
tions not to give any Information re
garding the affairs of the Piedmont
Brokerage Company.
Put Under Obligations of 8llsnot.
He was put under this obligation at 4
o’clock Tuesday by Mr. Love, man
ager of the Piedmont Company.
Mr. Curran said he had severed his
connection with the Beldenburg com
pany when he decided to appear at the
investigation.
Mr. Cheatham said that Mr. Curran’s
story waa not correct In all details.
The committee Interfered to stop high
word* between Curran and Cheat
ham.
Nothing Against Jordan.
Do you know of anything against
Mr. Jordan?" asked Mr. Beymour.
I know nothing,” said Mr. Curran.
A. C. Moreland, a member ot this
association, came to my office a num
ber of times ond Interested himself
busily 1n finding out things about
Cheatham,” said Mr. Curran.
Dr. Morbland was called In. He said
that he knew' nothing of his uwn
knowledge, but he had lost money in
speculntlnk and hnd naturally been In
terested In such matters. He gave no
further testimony.
Dr. Crawford Apptsrs.
Dr. J. M. Crawford was introduced.
He eald!
Mr. Cothran came to my office
some time ago and asked me to put
some stock In a new brokerage com
pany. He told me eome > f the then
who were to be In It. -He nnd Mr.
Fraxler told me that- Richard Cheat
ham would he an owner of stock In
the exchange. Afterward I met Mr.
Cheatham. I never asked him It he
were a stockholder, but we talked al
ways In an undertone and as It he
were a stockholder.
Cheatham Ont of the Six.
Holse, the manager, afterward
wrote down the names ot the six
stnckholuere ot the bucket shop and
Cheatham’s name was on the list. Mr.
Hotxe wrote these down for ins at my
request. We never spoke about these
things for tome men don't want their
names known.
Bevebal times I got after Mr. Cheat
ham about going after the bucket
shops In his paper. I looked on It i<»
navlng two faces to ploy up this lo
help the Cotton Journal, and at the
same time hurt our business. In which
he was engaged at the same time. I
got after him In the Piedmont and he
shut his left eye and said:
Doctor, this la the greatest draw
lers from those farmers today that
high,' (measuring two feet with his
hands). ,
"Mr. Cheatham told me he was go
ing to New York and he thought that
there would be something dolr.g in cot
ton end would telegraph me. I told
him npt tu be too plain In his tele-
T COUNT! STREET
MADE PROPER WIDTH
H. G. Uutilinrd, s cttlsen uf Atlanta,
tiring near tbe rlrer car line, appeared
treforn tbe eounty commissioners at tbelr
session Wednesday morning and Implored
tbe nailatanre of the commissioner! In forc
ing the pontraetor having lu charge the
construction ot the new road near the river
line nnd the, property ot Hr. Groves, to
widen the same to 53 feot. In aeeordancs
with an orillnanae pasaed by the eommla-
slonera some time ago
The erldenee auhmlttotl by Mr. llnldmrd
waa lo the effee.t that where the Louis-
rllle am] N'nshvltle read eroaea the new
street, the contrnctor Is making the width
hut M feet, which, with a car line, makes
the driveway exceedingly narrow.
Aa Ihe commissioners hail Instructed that
the rood should lie 50 fort wide. It waa
moved thnt the general' counsel of tbe
rood be luatructeil lo aee thnt the street
waa made the required width at once.
grams. He did not telegraph me and
lie explained afterward that there had
not bc»n any Indication of a change.
“Talked as Though He Were."
“Cheatham asked me a abort time
ago If he had ever told me he was a
stockholder. I told him, no, but he
had tulked with me as though he were
. lie. 1 had always had that Impression.
In the last part of his conversation he
asked me to 'be an easy on him aa pos-
sllile.'
Mr. Fairchild told Ine two week*
ago that Mr. Cheatham wns not a
stockholder. I replied that Mr. Cheat
ham had possibly transferred hie stock
to Fairchild.
Why Did Hotze Skip?
'Why tlltTMr. Hatro, the manager of
the Piedmont Brokerage Company,
leave Ihe city?” waa asked
Possibly they made It too hot for
him," said Dr. Crawford?
Dr. Crawford stated that his sole
motive In Making these statements
waa because he thought that Cheat
ham was acting wrongly as a stock
holder.
“I Belltva He Wat 8tockholdsr.”
'I honestly believe that Cheatham
wxi a stockholder," said Dr. Crawford
If I had not I would not have gone
In. I thought that when anything waa
doing he and Jordan would know It
and he would telegraph It to us."
">'nu are quoted In the papers ns
tnxlng Mr. Chealham on one occasion
with being a hypocrite. Is that true?'
—an asked. ,
“That Is true,” raid Dr. Crawford.
Thnt wat the time he told me how
many farmers were taking the Cot
ton Journal. Mr. Hotze said that lie
nnd Cheatham had worked all night
together In preparing a cartoon for the
Cotton Journal. Cheatham and Hotxe
roomed either together or In adjoin
ing rooms at the Piedmont Hotel.
The name of the man who gave out
that Information was asked.
“It was Manager Love of the Pied
mont exchange,”' eald Dr. Crawford.
Fairchild Called.
A. A. Fairchild, publication mana
ger of the Southern ‘Cotton Assorts
tlon, waa called. He nald that he did
not know all the stockholder! of the
Piedmont exchange, but he old know
that Richard Chtatham had no stock
In It. He wan not an officer of the cot
ton association or the Cotton Journal
but a aalaribd employee of Mr. Cheat-
hapt. He was very friendly with Mr.
Cheatham. He knmv nothing of the
O'Orady or Lee transactions.
Mr. Fairchild said lie had been a
stockholder In the exchange alnco
about April. He had bought his stock
from Hotxe at the organization of the
company.
Mr. Beymour brought out strongly
the fact thnt Mr. Fairchild wns not nn
omcer of the naaocla'lnn, but merely
an employee. Mr. Fairchild read a
can! which he saId would be handed to
the press. ■ It disclaimed any official
position In the association. He ten
dered hla resignation subject lo the
recommendation of the investigating
committee.
At 7 o'clock ihe Committee ndjourn-
for dinner.
NIGHT 8E88ION.
The committee met for the third ses
sion at 3 o'clock Wednesday night, In
tending lo conclude Its work If possi
ble. Committeemen, defendants and
witnesses were tired out from the
strain of more than eight hour*' work
during the day.
E. C. Bruffey, a reporter for The
Constitution, was the flret witness. He
tentlfled as to the accuracy ot an In
terview written by him and published
on July >5 In which Mr. Cheatham was
quoted as saying that he did not know
Mike O'Orady except through the his
torical prominence of the O'Gradye.
Mr. Bruffey stated that he had shown
Mr. Cheathain The Georgian of July
34 nnd that Mr. Cheatham had elimin
ated from an Interview In that paper
two words, "official capacity."
“Qavt Ms the Impression.
Mr. Cheatham denied, constructive
ly. that he knew O'Orady or Lee. He
left me so thoroughly under the Im
pression that he did not know them
that I was willing to risk the statement
made.”
Air. Cheatham here stated that one
afternoon paper, The Georgian, wa*
correct regarding Mr. Anderson's
charges, as he had told Air. Bruffey.
He had stated that of O’Orady and Lee.
he.had had nothing to aay.
"My recollections of my talk with
Mr. Cheatham Is that he denied any
knowledge of O'Orady and Lee," eald
Mr. Brulfey. “I do not remember
whether I asked Air. Jordan If he knew
them or what he answered. Yes, It
would be possible for me to have mis
taken a statement from Mr. Jordan for
one from you, but I was talking to Mr.
Jordan on an entirely different subject
and I do not think such a mistake oc
curred. I have been In tbe game for
thirty years and I believe that wblch I
wrote' and which was not denied for a
week, wa* correct."
Bruffey Insistent.
Afr. Cheatham conducted the cross-
examination of Afr. Bruffey. He dum
ped It when Bruffey Insisted that.Mr.
Cheatham had told him he did not
know O'Orady.
i. B. Preston, of The New*, we* ex
amined by Mr. Cheatham regarding an
Interview In that paper. He said Mr.
Cheatham had eald that the O’Grady
matter was private and he would not
discus* It.
Love Out of Town.
Manager Love, of the Piedmont ex
change, wa* asked for, but was out of
the city. Manager Cheatham, ot R.
Sledenburg A Company, could not be
found.
GOLF!
Every Requisite for the Game
Get In line now ! Call or write for free book of
Rules. WE KNOW what you ought to have to start
1 he ga me.
KING HARDWARE CO.,
F. G. BYRD, Manager,
Sporting Goods Department.
child* wns not an officer of the Colton
Association. He had been appointed
Harvle Jordan took the stand for the
first lime. He wa* sake! whether he
had made the statement to The Con
stitution that he did not know O’Orady
and Lee. Mr. Jordan stated that If he
bad talked to any reporter on the sub
set he hod denied such acquaintance,
had never heard of either O’Orady
Lae.
Air. Jordan stated that A. A, Fair-
by a general resolution of the conven
tlon.
"What are your views aa to an of
ficer of the association dealing In cot
ton futures?"
"Officer 8hould Not Speculate. 1
"I do not believe that In the present
position ot the association an officer
ahould trade on the speculative mar
ket," said Mr. Jordan.
"I have never traded on an exchange
and do not know where one Is located
In Atlanta, except that 1 hear there Is
one In the Piedmont."
"Are there not false reports sent out
ovtr the exchange wires pretending to
quote you?" naked Mr. Beymour.
"I have underatobd Iso," said Mr. Jor
dan.
“Do you regard this as an attack on
the Southern Cotton Association rath
er than a desire to purify It?” asked
Mr. Seymour.
'I do,” said Mr. Jordan. "I credit It
to that clasa which Is antagonistic to
the association. 1 have heard that two
large exporters have said that they
would spend a million dollars to get rid
of me os the head of the aasoclatlon-
and would follow this up by breaking
up the association. I have given the
name* of these Arms to the committee,
but I do not care to make them public
as It Is merely hearsay.
A discussion of the evils ot specula
tion followed. It threw no light on the
Investigation.
Mr. Jordnn said in conclusion that
the cartoon to which The Georgian ob-
^ icted was not prepared or Inspired by
Im.
Copies of Ths Georgian.
He wished to show the motive un
derlying the "attacks" of The Geor
gian. II* tiled a number of copies of
The Georgian with the committee.
Mr. Beymour asked If nearly every
body examined had not been a bucket
shop man. He asked If Air. Graves was
a bucket shop man, and If not, why this
fight. Mr. Jordan said he had heard
that Colonel Graves had two brothers-
In-taw who ran bucket shops. He did
not know whether or not this was true.
Mr. And arson explained th* difference
between bucket shops and regular ex
changes.
Cheatham Takes th* Stsnd.
Illchard Chealham took the stand for
th* first time at 1:30 o'clock. Tho
statement already given out by him
was confirmed by him. Ho stated fur
ther that rumor* that he had been
connected with a bucket shop had been
circulated. He submitted an affidavit
that h* was not connected and had
not been connected with -the Piedmont
Brokerage Company, sworn to by Kd-
ward Hotxe at Richmond, Va., on July
31. Air. Hotxe was Ihe former man
ager of the Piedmont Brokerage Com
pany, who left the city a short time
ago. He was said to be short In his
account*.
Jfr. Cheatham stated thht It was true
that he had handled trades for Atlk,
O'Orady and one other man. He had
had no Interest In either deal. It had
not been proven that he had any per
sonal Interest In these transactions.
The fund* of the association could only
b* drawn by the treasurer.
"For Personal Reasons.”
"I signed these checks a* -secrets-
be explained, "for the reason
that my account In the Fourth Na
tional bank lx carried In the name of
Richard Cheatham, secretary, for. per
sonal reasons. It Is my. personal ac
count and I have had no funds of the
association to my credit this year.
Colonel Peek, of the committee, said
he failed to understand why, In Ids
personal business, Mr. Chealham
should carry his account aa "Richard
Chenthatn, secretary."
Mr. Cheatbam said the account was
started that way and was never
changed.
Mr. Beymour read the charges made
by Afr. Anderson and which were pub
lished Wednesday.
Mr. Anderson ssked If Mr. Cheat
ham had carried on an account with
Hledenburg A Co. under the name of
"Mike Jones."
Wouldn't Answer.
Mr. Cheatham refused to answer the
question.
Air. Anderson asked If the commit
tee would permit Mr. Cheatham to re
fuse to answer proper questions, a* he
Imd persistently .refused nil day. A
reference to the stenographer's notes
tended to ehow that the deal u hl< n
Mike O'Grady had said was closed thir
ty days ago was the same deal in
ferred to by Mr. Curran as being han
dled os "Mike Jones.”
Air. Chealham grew heated here nnd
announced that there had been nn proof
thnt he had speculated or acted against
the good of the association. He innrln
no reply to the question regarding
"Mike Jones.”
Mr. Cheatham paid he had corre
sponded with tyGrady during the cot
ton denis nnd had kept in touch with
him. ' ' •
"Likely to Create Wrong Impression."
Mr. Allison, of the committee, asked
why Air. Cheathnm had signed checks
•‘secreinry" In such transactions. He
said this was likely to create a wrong
Impression.
Mr Cheatham refused to admit that
he had conducted the Alike Jones deals.
He then slated that he had dealt for
O'Grady at Bledenburg's nnd If the
bookkeeper mad* a mistake In the
name lie, Cheatham, wns not respon
sible.
In answer to the specific charges Mr.
Cheatham denied thnt ho hnd hern
speculating. In placing the orders ha
ns not speculaUMt.
Mr. Beymour asked why Cheatham
hsil asked for. per-oi.nl , lo-.-kn .'or Fa-
KIIII. Ml I I--.0 I,.oil -il-l In- had asked
tor two checks, which ho had placed
to his personal credit In the hank.
Chairman Johnson asked Mr. f'h-at-
Imin's dl-Unction between dealing In
cotton In n w-lrs house for O'Orady
.-ml " i- 'li ning."
Cheatham Draws Distinction.
Mr. Cheatham replied that there waa
atrong distinction. He had acted
merely ns nn ngent for O'Grady.
In answer to tho charge that some
officer of the cotton association had
been a stockholder in the Piedmont
Brokerage Company, It was show n that
Mr. Anderson did not charge Mr.
Cheatham with this, but A. A. Fair-
child, manager of the publication de
partment.
Mr. Anderson said he understood that
Air. Cheatham ndmltted tbe charges of
the O'Grady and Lee transactions.
"You gentlemen of Ihe committee are
Investigating the action of your official,
youi • mpl-.y' e,' he sal-1. "I think It
would be proper for you to demand
that Mr. Cheatham give you an order
on the Fourth National lhink to ren
der you ull Information i.-gnrdlng hi*
accounts with that hank. The can
celled checks nr* Inn- in Mr. Cheat
ham's possession and will ho corrobor
ative evidence. I submit thnt It Is
proper and business-like that you de
mand that Chealham produce then*
thing*.
"Cheatham the Brains of ths Trad*.”
"Mr. Cheatham was the brains of
those cotton trades and he may per
suade himself, hut he cannot persuade
others that this wns not speculation."
Mr. Cheatham said that he was not
speculating because be did not ejprct
any proflt from the transactions. Ha
admitted Ida algnatme of the checks
and Air. Anderson did not Insist that
lie produce the check stubs.
Air. Cheatham said lie had remitted
Mr. O’Grady 13,000. He owed Air.
O'Grady 3300 or 3330. There w4a a a
difference betwe
produce.evidence from the hank that
he hnd made remittances to O'Grady.
"The difference between the $4.not) I
received from O'Grady, that returned
and that I owe him lies In some other
transactions," said Mr. Cheatham.
Didn't Keep O'Grady's Letters.
"I did not ■
ten. to me os bu»ln<
not keep’them," he
a question.
I. M. Moore took
advertising sollcltp
tlon. Air. i 'heatha
and It w.ts show n i
Gtnd\ In Ch
let t
fro
hln
' «e.l nnfl
hands of tM
