The Port Gibson reveille. [volume] (Port Gibson, Miss.) 1890-current, 1904-04-07
COTTON TALK.
The SuIIy Failure.

tory OF cotton speculation In this
country, of course is at present the
subject of much gossip gable, NOR
alizing if and ands, among those
most interested in the South's S
snowy king. This fall of Sully is
surely sensational in the extreme
and this grand Mogul with his abb
surd reasons about seed and South
ern freezes and all the rest of his
hot air rot is regulated by New Or
leans brains and nerve to the back
ground in the speculative world.
This traitor used Yankee treachery
and Northern tricks on the very
men who befriended him in the
July squeeze last year, and Brown,
Majors, Hayne, Cordell and Mason
Smith laid for him quietly and
broke his neck GOOD in the true
Southern style. Of course every
one knows the attitude of the New
Orleans clique toward Mr.. Sully.
They knew as fact he at one time
sold out to them sub rosa in New
York and Liverpool causing them a
heavy loss. What happened to
him is their revenge and retribu-
ton. The story in a nut shell is
this. When Mr.. Sully visited New
Orleans early in January he entered
into verbal agreements gam
blers do not write much-with our
three big New Orleans men to bull
cotton. He then returned to his
Northern cline, New York, and
within short time cotton had been
put up to nearly IS cents a pound.
After this came the news that Mr..
Sully had closed out his line of cot
ton and was going to the peaceful
shades Of Palm Beach, Florida, for
a fortnight's recuperation. This
sort of razzle-dazzle conduct and
other convincing proofs persuaded
the New Orleans Bulls beyond the
peradventure of a doubt that Mr..
Sully had sold out on them. That
first break of $40 a bale followed it
in the early days of February when
Brown made his ringing speech and
he and the whole nervy clique came
near going under. Sully afterwards
announced that he had postponed
his vacation. 1t is understood in
speculative circles that since that
break in the market, the New Or
leans Bulls, every one of them have
been waiting to get even with Sui
ly. The opportunity came two
weeks ago. when the Grand Mogul
began to take up the manipulation
of cotton once more. After the
trip to Chicago, he joined the Board
of Trade, Sully began to buy cotton
at IA cents. He continued buying
it until last Monday week when It
touched 1865 cents. Our so-called
tin-horn gamblers found out that
he (Sully) had an immense line of
cotton-some 5000, 900 bales to
swing. The New Orleans clique
began on Monday a selling move
ment to smash the price. In this
they were joined by the combina-
ton of New York commission
houses with the result that cotton
had declined more than 400 points
equivalent to 5000 per bale in four
days. The last scene of the attack
came the other day when beaten
down by the sheer impact of so
many thousands of bales of cotton
flung on the market already fright
ened out Of its wits, Sully saw
fraction after fraction fade away
until his margins were all exhaust
ep and he was incapable to meet de-
liveries. It was at this point that
he sent in the exchange his abdica-
ton as cotton king Of the world
Three cheers for Brown & Co.
May they live long in the hearts Of
the Southern planter and continue
to bull and prosper as the Cotton
Kings of the World.
STALK.