The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-03-19
For Fifteen Months He Has
Been Biggest Figure in the
Worlds Cotton Market
PRICE DROPS $13 A BALE
WITHIN A FEW MINUTES
The Tremendous and Unexpected
Crash Has Its Effect In All Other
Markets-It Is Claimed
SuIIy VIII Pay Out.

New York. March 1s-(special )-Daniel
B. Sully, Americas Cotton King" for
year. failed today for $6.oo0,Ooo.
Thus ended-possiby for short time,
possibly for all time-the career of the
most remarkable speculator and cotton
master the world has known In many
years Within the short space of year
Daniel Sully had risen from obscurity TO
the most commanding position ever at
tanned by any man in the cotton mar
kets of the world.
Sully's story is filled with the romance
of finance. 1t is the story of free
booter in commerce, the story of man
with nothing but an idea, who made the
cotton industry his plaything and tossed
prices to height never known since the
war days and which were never expected
10 be attained again.
He became the cotton lord of the world
and made men rich through the growing
Of cotton and ruined many of those who
had to buy it for their factories For one
year after he reached New York, un-
heralded and unknown he had the fate
Of the white staple in his hands and
drew millions from the product which he
did not grow and did not manufacture.
He failed in the end, as all have failed
who have tried to corner staples.
Prepares for Vacation.
Sully, after year Of unprecedented sue
cess, has been wiped out, dropped from
the Its of active potentialities in the
financial world and remembered only as
Labouisse, Price, Partridge and young
Joseph Letter are remembered-as men
who attempted to cdsiler the staples of
tNe ccrit II -asd wsfA rune. temorselessly
at the height success. Last month Daniel
Sully could have left the cotton market
with ten millions in his possession. He
had cleaned up his cotton holdings, was
clear of all cotton complications and was
preparing to take a long vacation Ills
announcement that he was out OF the
market for a time precipitated panic.
It was felt throughout the world. Sully
was o have left for Palm Beach at 4
O'Clock in the afternoon special lay
In the wards at Jersey City awaiting him.
His wife and party OF friends haa al
ready started from New York when Suily
changed his mind. That day there nut
tered down upon his desk heap OF tele-
grams and cabegrams that covered IL
from sight. There were messages from
oil over the world and they all carried
the same plea: stay in New YORK ana
helm support the market. Your leaving
will ruin u.s."
He remained In New York. He attempt
ed to stem the panic He bought heaViiy
of cotton in the effort to support the mar
Ike. thinking that 1t could be manipulated
as he had always manipulated it.
Took Advantage Of Him.
The very men he had tried to save took
advantage of this opportunity to slaugh-
ter him The cotton Sully bought III OF.
der to steady the market was that
thrown upon the market by the men who
had pleaded with him to stay In New
York and support the market. For ten
davs the panic continued and at the end
of that time Sully had been beaten down
and all but driven from the market
In New Orleans Col. w. p. Brown and
those associated with him seethed In DIT
ter Indignation. The announcement that
sully was to take vacation had almost
ruined them 1t had cost them more than
tN hale for all the cotton they were
holding and they determined. 1t Is said,
to relieve the market of so dangerous
factor. Thereafter they laid in wait for
Sully and coppered ever bet he made, IN
The language of the gambling fraternity.
II is known that they were not ruined
Yesterday by the failure of Sully. From
the minute Sully decided to remain In
New York and bolster up the panic
stricken cotton market he was a marked
victim and every turn of the market
went against him. All day Thursday
there was a whisper upon the street:
"sully's gone" 1t was signicant. APP
parently every one in the street and
about the cotton exchange felt what was
Impending and the hammering of the
Sully forces yesterday was only the more
vicious because of this.
When Sully fell the best loved and most
bitterly hated man In the United States
went to his financial destruction. In the
year he had been before the public he
had become known from Maine to Texas
and In some sections he had become
popular idol.