The Union times. [volume] (Union, S.C.) 1894-1918, 1904-04-15
SULLY EXPLAINS HIS
PLAN OF CAMPAIGN.
Not to Promote Speculation, but to
Insure Fair Play and Stability
in Cotton Values.


I have just had talk with Daniel
J. Sully. whom l had not seen since
that ill-starred day in March when
his firm suspended. He looks lit
tie more sedate, but as seltreliant
and as resolute and cheerful as ever.
The newspapers nowadays are won't
to refer to him as "the dethroned
cotton king" but he has not de-
throncd look. The traditional
"bears" Of the cotton market hope
and pray that they have put him down
and out for good and all. Some Of
these manifest n sort Of fiendish Joy
over his temporary embarrassment,
but though they may laugh and
dance never so merrily, their outward
hilarity masks an inward fear. In
their hearts they know that "a man
standing for so sound cause and
with such resourcefulness is liable
any day to regain his power.
Therefore, quite naturally the an
dercurrent of opposition to his rein
statement on the Exchange, or, for
that matter, to his having any sort
OF chance to exercise his powers, is
ruthlessly relentless. But no sort of
opposition can finally prevail against
the force of that public sentiment
which is on his side, and which con-
stitutes an asset in measuring the
value Of which the almighty dollar is
utterly inadequate. Sully was very
much more than "the bull leader"
on the Cotton Exchange. From the
outset he has steed for lair play be-
tween the grower and the spinner of
cotton. AS this has come to be bet
ter understood, moral support has
come to him from both ends of the
line. Representing the Southern
point of view, the Manufacturers
Record, which had unhesitatngly
criticized him when he seemed to be
in error, declared that his failure was
"a serieus loss to the whole South"
And when. after warning it's constit-
uency against speculation, the same
sptAoEitH aeSahaaddAfe Slid sbtf f ffs ss suiiy
is practically a necessity to the
South" it voiced the public senti-
ment of that section. And the pub
lie sentiment of the South is a power
to be reckoned with. In so far as
cotton is concerned it is a "world-
power" No man or set of men, no
clique or combination can wrest from
the so-called "dethroned king" this
Unreasonable "reserve force"
Attacked ond misrepresented as he
has been by his enemies, d. j. Sully
has till today scrupulously refraiped
from talking for publication since the
18th of March, when, through COM
bination of things unforseeable, such
as the delay in the official ginners'
report and the alleged detection of
his allies, his firm had to suspend.
This will be the first public utterance
since that day, and is a clear state.
ment of the principle and the cause
for which he has been and still is
so energetically contending.
II had won skirmish or two. !"
said he, land on the 18th of March
lost skirmish; but the cause is not
lost. The decisive battle is yet to be
fought"
You will remember" he contip-
ued, that l told you while one of
the first skirmishes was going on that
the putting up of the price Of cotton
this season was but first move in O
systematic plan Of campaign; that
after several years Of earnest study
and investigation l had come to the
conclusion that things were out of
Joint-'at skies and at sevens'-in
the cotton world, and that l had SOL
elmnly resolved to make the cause of
the cotton-growers OF the South nv
cause, and to devote to it the ener-
gies of my life. But ut the same
time l said to you that the PRINCIPLES
underlying the correction of existing
abuses and the maintenance OF the
South's supremacy involved mutual
ity OF interest between grower and
spinner. The planter and the Amer
lean manufacturer of cotton are. in
the final analysis, natural allies, md
not antagonists. Stability in prices
is condition precedent to the per-
manent prosperity OF each, and is as
essential to one as to the other. Rnt
there can be no such thing as stable
prices unless prices be fair and lust.
10 get prices on fair basis was the
first step. The planter was getting
too little. In order to get for him
what he deserved a bull campaign
was necessary.
And so the first fight was to se.
cure for the grower fair recompense.
which he had not been receiving,
That has been accomplished. Now
that the grower has come into his
own, no matter what may be the
difficulties that am now
,ontending with, you can rely upon
It that ways and means will be found
TO prevent his being robbed of it in
coming seasons.
with fair prices insured to those
VINO raise the cotton, the next move
will be toward an adjustment based
'n supply and demand that will he