The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1906-11-01
HOADLEY CUTS A FIGURE.
In Rancorous Dispute Now Going On
Between Heads Of the Two Cot
ton Associations.


the Farmers Union to President Har-
vie .Tordan's attack created q ripple
of excitement ON the cotton exchange
in New York Monday, according to a
special from that city, especially that:
feature of it referring to Joe Hoad-
ley ard to the charge that Mr.. Jordan
had repeatedly been Mr.. Hoadley's
guest and that he had been making
direct reports to Mr.. Hoadley.
Hoadley is well known on the street
as one of the most fervid and erratic
spectators in the market. The fact
that lie is a bear today by no means
indicates that he will be one tomor-
row. He plays every side Of every
thing, always to his advantage, and
has accumulated fortune of from ten
to fifteen million dollars.
AS general thing, when Hoadley
plays, he does it on the quiet, and
does not show his hand. He buys or
sells through brokers, and it frequent
ly happens that even his own brokers
do not know that they are represents
ing the same man in the pit.
Lately all of Hoadley's talk has In
dicated that he is this year decidedly
on the bear side of the cotton mar
ket. He openly states in talking that
he is constantly in touch with Mr..
Jordan, as indeed everybody on the
street knows he has been for year
or more. During last season his COM
slant dealings with Mr.. Jordan be-
came the source Of attacks In the
market letters Of commission brok-
ers, at which time the trade was
warned against Hoadley and Mr.. Jor-
dan was criticised for his intimacy.
This year he has not distributed
any photographs, but he has been talk.
ing a big cotton crop more persist
emily than any man on the street
since Theodore Price and proved the.
bumper crop of two years ago. He
has unhesitatingly quoted Mr.. Jordan.
as president of the Southern Cotton
Association as emphasizing the fact
that this years crop would be only
second to that Of two years ago. .s
Coming from Jordan this talk had
more effect that if coming from Hoad-
ley. But either Hoadley or somebody
else has seen to it that 1t has drHsed
into every nook and corner Of the COZ
ton buying world. {.
President Harvie Jordan Of the
Southern Cotton Association has Writ
ten letter in answer to the card OK
President c. s. Barrett Of the National
Farmers Union, published. Monday
in which Mr.. Barrett charged Mr.. Jors
dan with being. too close To bear tn-ss
terests for rhe good OF the Seotton
planter, and also charged Jor'lan Win
conducting a 'tWaH street annex to
the Southern Cotton Association. Mrss
Jordan's reply to Mr.. Barrett, in part
is as follows: =
'To the Public: The unwarranted 3
and unauthorized attack Of the pres
ident OF the Farmers Union on me
and the Southern Cotton Association
at this time is a delicious morssl for
the bearish element in the speculative
and legitimate cotton trade.
"Mr. barrett knew that had pub
lished a denial of the Washington
dispatch before his sensational ln.
teryiew with the Atlanta Constitution
| have always advocated higher prices
for our cotton than any man in the
south, so much so, that have a..
times incurred the severest criticism !
and condemnation of the legitimate
and speculative cotton trade.
l"He knows that I have by tongue
and pen fought the evils OF cotton
speculation until l have incurred the
everlasting enn1ity of every cotton
broker and cotton exchange in the
whole country. He knows that did
all in my power the past summer t0 8
secure. the passage of the Boykin bill
that would drive these institutions OUT
of the state of Georgia."
y