The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-01-08
he IS A COTTON KING
Daniel J. SuIIy Stuck to the
Bull Side.
IT MADE HIM MILLIONS
Win Add a General Banking
Business to His Work.
The New York. World says:

Daniel D. Sully. the Cotton King, whs
has violated tradition by staying in a bull
market for months and maxim s.. .oGl
to s10,o3 1000 profits, has decided to become
a banker in a general way in 1904 He has
added to the firm of j. D. Sully & Co
Walter. II. Cran6all. who has been for
some years a member of the New York
Stock Exchange. Hereafter the firm will
db general banking and brokerage bust
mss in addition to its cotton specialties.
Mr.. Sally mas doomed the price of cot
ton on simple system. In its briefest
firm his creed is this: The demand for
cetter is increasing every year and the
supply of cotton is not increasing fast
enough to keep up with the demand.
When you remember this basic fact it is
easy 10 understand why he is calm. placid,
tlnpertuTbable, with much leisure to de-
.0te to smoking acrid stogies no matter
how prices in the cotton pit amy be tum-
bttng.<
What if he loses a million or two of dol
lars ION paper in the course of one day s
trading He feels sure that that million
and more will come back to him as prof
its very soon. He has the superb, smil-
ing confidence of a great and bold gam
bier. who feels that is playing an invjnc-
fble system. Napoleon WAS not surer of
his star than this man is of his cotton
dogma. True, there have been other cot
ton kings, now kings no longer, who bark
and howl and fling arms about in the pit
for daily bread as common brokers. They
had dogmas and systems too; neverthe
less they now fretting their brains
away and tearing their Threats for mere
commissions, the last vestiges of their
greatness forever parted. VIII Sully end
Hike this?
Sully sees all these things. He is often
In the pit, standing on the elevation near
the brink like Napoleon enjoying a battle.
He Gevours time and thought to the nice
decking away of the ash from his long
black. oily stogie, a curious roll of rank
American tobacco whose fumes are aw-
ful, a smoke that none but strong men
can enjoy
He stood on Wednesday at the outer
edge of the maniacal pit, the most placid
and inperturbable man in that scene OF
passf.n. Within twenty-four hours he
had seen at least s., 600, 600 of his profits
swept away and prices were still sinking
The 100000 bales of cotton held by him
and his supporters had been worth $780,
OO0,o0o at u cents a pound. Already 81
VuD.00o of the money made in the gigantic
stroke of speculation was gone. and word
bad gone forth that the market would
be smashed fiat
Mr.. Sully watched the brokers with the
air of a disinterested spectator. He was
dressed in loose suit of gray, a black
owls head with ruby eyes in his coat
zavat. his black bowler hat tilted slightly
over his eyes. His hands were thrust
deeply into his trousers pockets: a white
wooden vest, dotted with black, covered
his comfortable stomach.
Not a sign of emotion in the gray eyes.
Not a drop to the broad shoulders. The
plump hand. with its seal ring. removed
the stogie and caressed the short brown
nustache. on, 50 cerelessly. it would
have meant distraction to show signs of
agitation in the presence of that master
of the pit.
Keen eyes watched his every movement.
Young brokers left the pit. whispered to
him and plunged back into the roaring
ring of brokers. He drew a notebook from
his pocket and glanced at it with lazy
air Was he not the master of the worlds
market, the cotton king? Had he not in
creased the selling value of the Ameri-
can cotton crop at least 5000 coo. 900? And
about the future?-cowards. who SO late
ly trembled before him. Had he not clear
ed profit OF 100000 in the rise of cotton
only Il few months ago,
Yet as he stood there musing the mar
ket was being smashed and his foes were
prophesying ruin for him. The hand of
the clock was almost on the closing min
ute. The boys at the big blackboard
of the exchange were writing down dis
aster in lower and lower prices. Tele-
phone bells We're sounding peremptoTily
The clamor in the ring swelled into con- |
tinuous Shrek as one selling order after
another was executed.
AR. SulIy pushed his way into the pit |
and pressed against the circular brass |
railing around which friends and enemies 1
were bowling. The man on the right /.
ramrfed him in the ribs. He was jostled 4
on the left. 4 man behind him pressed !
him down on the railing. leaned over and /
yelled lew price. Mr.. Sully took it al .
calmly. He moved his hand, shouted a
rice or two. smiled across the pit a;
young Mr.. hilsor-the high-collared !
youth who was cotton king two years /
ago-.nd with a word or two set new
chorus of voices in motion. The gong 4
sounded few shouts followed and then
Mr.. Sully walked away a million or two
poorer. but still playing the part Of a
man at peace with himself and the world.
for one must he a very great actor to
tread that stage succe ssfully.
Back az Il an is the sustaining power OF
his creed-cotton is not increasing As fast
as the demand for it increases. there
fore the price must still use
At all times Sully is debonair He can
not speak 10 YOU without smiling. 1t IS
a slew, rather lazy smile. You can see
his cotton creed back of il The writer
called on him in his sanc;um one day
last week when the bears Of the bit had
sent prices tumbline and Suily had lost
at least a million of his profits. The Cot
ton King looked up with smile. His
large blue eyes twinkled
Don't you think cotton has reached the
top figure" was asked. Isn't il go
Ing TO be cheaper"
Again the smile. Sullv looked south
from his window TO where the brilliant
winter sun mace the still waters of New
fork harbor one vast shimmering mir
ror.
THE SUM-" he said. sin smiling is
shining brightly
Nor woulu he give any further answer
about cotton than this oracular reply.
Bsst his manner. his smile. the tone of his
veice, ali indicated great hope and cheer