The Union times. [volume] (Union, S.C.) 1894-1918, 1904-05-20
UNION. S. c., MAY 20, 1904.
TO REINSTATE DAN'L. j. SULLY.

Inc SpartanDurg herald seems
horrified at the idea, and protests
with righteous indignation against
the plan proposed by Mr.. J. M.
Hause, Of Alabama, to tax the cotton
planters ten cents per bale, for the
purpose Of raising fund to place
DanI J. Sully in the New York Cot
ton Exchange again, to bull the
market as he did the past season
Since the Spsrtanburg Herald in it's
attitude OF high moral standard and
opposition to gambling in cotton, to-
gether with all who agree with it,
cannot put out OF existence the New
York, New Orleans, or Spartanburg
cotton and stock exchanges, we deem
it the part Of prudence and good pol
icy to have some one who has little
feeling, consideration and regard for
the overburdened cotton planter and
the south generally, in order that
those who manipulate in the other
direction should not have everything
their own way, as have the Bears for
the past 20 years; in other words it's
always advisable to fight the devil
with fire. We are not advocates Of
gambling or speculating in cotton or
any other commodity to extent Of
making fictitious or purely specu-
lative value, but on the contrary long
to see the day when all will be gov
erned by supply and demand. By
reference to an editorial in THE UN-
ION TIMES, issue of April Is, 1904,
we find that we were viewing the sit
uation through similar glasses as
those through which Mr.. Hause
looks, with reference to Mr.. Sully
and the New York cotton exchange
Our plan, however, differed from Mr.
Hause in that it proposed the open
ing of books Of subscription for a
company Of 500, 900 900 shares at 81
per share to be known and styled, d
J. Sully, Southern Farmer Co. The
shares would soon be absorbed by
southern farmers, business men and
cotton mills. With this capital and
owning all the cotton, it would be
the biggest truat in the world; this
would freeze out the Bears, and other
enemies of the Southern planter.
Many Of the newspapers manifested
the despisable disposition to rejoice
over the failure of Mr.. Sully, and
like many people who kick you after
you are done, The Yorkville Enquirer
says Mr.. Sully is not the one to whom
the credit should be given of being
the champion Of the bull movement
in advancing the price of cotton !;
that Messrs. Brown and Hayne, of
New Orleans were the manipulators
Of the successful bull campaign. The
following extract from the Manufac-
turers' Record of May IL, special cor
spondence from Mr.. Lee j. Langley,
shows that The Enquirer don't know
what it Is talking about, and needs
to be informed:
"sULLY STOOD BY SOUTHERN GROWERS"
Mr.. Langley SAYS, "that when the
news reached New Orleans that Mr..
Sully intended to quit New York for
a time the price Of cotton dropped
the bears Immediately taking advan-
tage Of the proposed absence of Mr..
Sully to force down prices-that Mr..
VIM. r. Fagin Of that city wired Mr..
Sully the facts in full, with sugges-
tion that if possible to stay in New
York and abandon his proposed vaca-
tion. Mr.. Sully wired back copy
of his physicians certificate. Mr..
Fagin wired Mr.. Sully that he fully
understood the situation, but there
was no getting around the fight, that
IL he left New York market at that
time the South would be q sufferer to
the extent Of many millions of dol
lars, and IL possible to change his
plans"
Mr.. Sully remained in New York,
with what result we all know; had he
left then, he had clean ten million
to his credit, and today would not
have been q bankrupt. The forego-
ing facts are vouched for by those in
position to know, therefore we en-
dorse plan either of Mr.. Hause or
others for the purpose of reinstating
Mr. Sully.