The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-31
i1l1INo IN COTTON
- 1 HOUSTON FIRM TO
81 ). .. PITTS
e !, some Of the Evil.
!. .', svy.tsm--rature'
and spots.

Z. ., the interesting as ;,
rps = o one the corresponden.e e, ,s o.
cssa Ds !, cotton futures; ID I'M. .ns
y . fs'A August 2o' lSvs The Post
~ y aud furn'hneu
pits, y CO.. Cotton ana col,
= K psney ,iouston, Texas, Ausu 81
neiacta. IN the Houston pos dse o
rsf sir: IN arcst. yes. with deep
q indi liner her TO the go ,,m,es
ny. H. Ian and cotton iutu ,b,riy years.
4 10 r i,son Of the New YORK. nave nave
4 apnl ia,y,hb three years since, ! ,, nnr
Zs,ss up 70 ' N wear ihere and mu ro
,sfiou o. sat ,ioor OF the excnans..
|1ss % me ND deslrous of helping
~ interests Of the masses Sv and all
Risl y Have believed liri IN Mas.
rrrsi!a senator George Oh m,s
'fsal anu shly understood the w ,hsv
ihoiouysnDrI futures contract, My
IA yeg li,siat,on closed UP the NV so
n " l sels,ssa Gambling bells, OF 80,
3lss 0 sDnses. II they had secured ~ e
~ .s knowing the true AZ would
= we'll as even uo'
,s srsater success; work Cot
~ ln ~ Writing letters, set ar,sor rp
vi: Insnding them to their part ,hn,,
4 I'd sen laaais etc, requesting them
tgr'sp s, s,,ancs with their senators
|iidf inn .se IN congress against the
Y. tuuar years since sa .San ~ c ,,e
~ i We, efforts to have them e ,,,ns
y w 1 contract to mean soIie'n nns
\ iors Nv e The price of August con,
road Pig ;s "middling," that you
ysfh p aaniadlipg; If good middling ny
|Enina nl.u IN quotations, you could
o. d!n,i srsda desired. But that did
sssla, .asor or temper of the New
. !n' dealer. He is a soeGuia .ho yi
%: % "a his life blood Is IN the "a
ili nv nsrnetrated on the Southianu'
81 hem all the time; al lnl ,
Ir5sI M tss By them is with the view 10
" v srs'" rity at this writing, SPOT
y ,i aS,s i quoted at 6.S-lb, whlie
rl l,.sp;s i basis mlddling, and sup
!, s'an 1snrssent identically the SANE
\ Y . ss at 5.55, Why should .ne
!. 01 Suyer pay G. 3-16, when ior .ne ne
y, !. a p .snts Der bale brokerage ne can
,,.rd The cotton? They don't eN-
ts n.asts maj the cotton will De de-
ii y, \, e they can deliver anything
!.,i u !, sa,r to strict ordinary, and
n NH. Il hat they give you awning Pos
!. y nm don't want ana can not use.
N ssles YOU get ten bales you Gan
,rsty bales you can't use What
!. ninety bales? .ho,, .,ra
"A, v md nut back on contract at a
n .sr,; soriy points or about 81 per
~ the ''contract' or any business
xart with is worth 81 per oaie Tess
s-lsern people are chivalrous. and
: ADMITTING gross indignities upon
A,s,stlv called UP and punished. 1t
IN then, that Mr.. Neill year after
NH M allowed TO make false esti-
lotion crops, thereby causing NIL
nllsrs loss to our land and people,
single blow given him in return
Is greater than many nations could
Nj. Neill's estimates and the New
d New Orleans cotton exchanges Ia
otllterated from the markets, spot
NJ cotton would not today be selling
& per bale where 1t is. Spinners, as
/ would send their orders good for
i, or good until executed or volun-
arrelled, while now neither Amer
Europe will bid outright for a bale
d until the exchanges are closed.
/ Is on the basis of the futures
prices.
w you crop letter. written few days
u published IN The Post, and In
ie II can serve you, command me.
~ respectfully, R. r. Dancy.
y Mr.. Pitts has given out the fol-
!ster for publication:
I. Dancy, Houston, Texas.
10. Texas, August 2S, lS99.-Dear
VI favor OF the 10Th has been read
lth qualification. The toiling, pa
pie Of great State will be thankful
o. your interest in their behalf and
posure OF the greatest system of
y wholesale plumber ever devised
clous and specializing and gambling
never cease to fight the infamous
nat annually robs a country of it's
until y Is driven from the land
ow II will be soon, as the people
90 manner in which they are plum
to hear from many more cotton
Y experience. Mr.. W. D. Cleveland
lan saw the iniquity of the futures
y compared with cotton factors, and
'1sf method Of purchases, and often
l Himself eandidly to that eject.
y leslre to collect the circumstances
y surrounding the great failu ~
s.,as, aeialeations and suicides
!. zen caused by this futures sys-
M !. nv gambling, and any incidents
~ ,aem VIII be OF much interest
y Y valuable assistance In exposing
"'''lpe the greatest iniauity of the
y MSM tne Immoral phase and effect
' sss lts actual injury to the ayr !.
' .,,ana IS colossal, and a correc-
~ Impression of the evil would hem
III III, a. a whole and every member
~ ~ because the prosperity of everv
'y ~ and calling looks TO tho
elt to all. 'ho 10 MIN
s : sai !. shall have the pleasure of
frso ~ rae near future and hearing
4puy. l am very respectfully
- John D. Pitts.