The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1905-02-04
oUNEw ORLEANS LETTER.
oorresp4ence Sea Coast Echo:
w Orleans, La, Feb. Q, 1906.
Thl,O00,Q0O BALE POOL.


Tm5000,000 BALE POOL.
Inc execwe committee OF the Just
formed Sou orn Cotton Association
has declared tliitmust have control of
the two millioi'ale pooP' formed last
week at New orle i 10 take care of the
surplus cotton croft 1904 3, and while
Brown ct ais. will mSipulate the deal,
that 1t must be under 70 supervision of
this committee, or sub-committee
thereof, especially appo.ted for tn,
purpose. When the first announcement
or the deal was sprung in he Daily
States the news created furor,snd the
market responded in kind, and whr the
price has vacillated considerably, farm.
ers are hopeful that the relegation Of
the surplus will have the long desired
effect. In view of the fact that their
own executive committee will have the
controlling hand, they are especially
sanguine OF safe results. 1t Is said that
the deal was threshed out by the New
Orleans leaders oyer their lunch al the
Merchants Club in the top OF the tall
Hibernia Bank Building, overlooking
the Cotton Exchange, and in this re-
spect was characteristic of the start of
some OF the biggest deals in New Or
leans-over dinner, coffee and cigars.
ECHO OF THE sULLY FAILURE,
Daniel ]. sully's failure for millions
carried many men down to iuin, includ-
ing Col. S. r. B. Morse and F. r.
Pagan, his partners and intimate
friends. These gentlemen, after surren-
dering all their worldly goods to satisfy
the speculative debts created by Sully
counter to his agreement with them, are
now again planning their personal bust
ness affairs. just as soon as Col. Morse
secures his formal discharge by the New
York Bankruptcy Court, and, backed by
ample capital furnished by friends, he
will complete the organization Of the
big Southern Cotton Corporation and
start it in business. Mr.. Pagan has
asked for and secured his reinstatement
to membership in tho New Orleans Cot
ton Exchange, and viii re-engage in the
cotton business in New Orleans. He
obtained his court release some days
ago. So bitter is the feeling against
Sully that the New Orleans Cotton Ex-
change subjected Mr. Pagan to a search
ing investigation, in order to ascertain
whether or not he still had Animation
with him. Mr. Pagan, proving his
skirts clear, was readmitted.
1t is stated that Mr.. Pagan has formed
an advantageous connection with some
New York capitalists.
Mr.. HERTZBERG AGAIN IN HARNESS.
H. r. r. Hertzberg, newspaper writer
on the New York journal, satirist, critic
and poet, who fell four stories from the
Morton Building, New York, nine
months ago, has sufficiently recovered
from his many and serious injuries again
to take up his work. With the single
exception Of slow-healing injury to his
left leg he has entirely recovered. For
the time Being Mr.. Hertzberg will re-
main in New Orleans and contribute
verse, theatrical criticism and fiction to
Harlequin, later returning to New York
10 resume bis dramatic and literary work
there
SOUTHERN IMMIGRATION STATION.
Satisfactory progress is reported from
the committee appointed by the New
Orleans Progressive Union for the pur-
pose Of selecting site for the establish
nent OF the proposed big immigration
station at New Orleans. Commissioner
General Sargent says he is especially
,axious to establish this station, so that
New York may be relieved OF the annual
and the Southern States,
North and South Carolina,
Florida, Georgia, Tennessee, Alabama,
Arkansas, Louisiana, Texas,
lni the Oklahoma and Indian Terrific
les, nay draw their homeseekers direct
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