The Atlanta Georgian. (Atlanta, GA.) 1906-1907, August 03, 1906, Image 5

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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. HERRING’S CATARRH CORE IS A SPECIFIC FOR CATARRH IN ALL STAGES Jt " ill absolutely and permanently cure nasal, throat and bronchial Catarrh, Catarrh of the Stomach and Catarrhal Deafness. • • H. C. C. is a local treatment and a blood medicine in "lie proscription. Guaranteed perfectly harmless; con 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