The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1906-08-08
MANNING, S. c.. WEDNESDAY, AUGUST 8, 1906
FOUND HIM GUILTY.
CaEarRAM, OF THE
COTTON AssoCI ATION,

SECRETARYC CGEaTR AM. Or TH
COTTON AssoCI aTION,
Convicted of specuIating in the Go
toa Futures Under Fictitious
Names.
While tbs Georgia Legislature ha
under discussion bill to e1clud
she bucket shops from that state
Representative ]. 3. Anderson, G
Chatham C2uaty charged In speecl
that some one In the headquarters 0
the Southern Cotton ass. citation h2
been speculating In the name OF Mix
0 G:sdy, and signing the checks o
receipts for the money in an efdcia
capscity; and that some one in ther
7sd been speculating In the name o
P 4. Lee.
H. also charged that scme cf1cia
Of the Southern Cotton association
aad been connected With a buckle
shop called the Piedmont B-okerag'
company. and had held ore.eighta O
it's stock, and that sone one in ths
!: fi ,e OF the Southern Gotten associa
:ion had had stock standing In hi!
name.
MI. Hsrvie Jordan, the President
OF the Southern Cotton Asst ation
at once took the matter up and ap
pointed a committee to Investigate
the charges. h reg tested Mr., An
ierson to appear before the COMMITTEES
snd name the guilty men. Tais MI
Anderson very cheeriuily did, and the
result shows be was right in his
charges. In giving S51e names Ct the
uen who had betrayed their trusts as
off srs of the Association, Mr.. Ander-
son said:
''As to the charge In regard to the
carrying on Of speculations In cotton
oy an ffosr Of the Southern Cotton
association In the name OF Mike
O'G ,ady and in the name OF P A
Lex; the ffcer I referred to in this
charge is Mr.. Richard Cneatnam, the
secretary Of the association.
AS to NY other charge that some
cf6cial in the Southern Cotton ascot.
alton tf,e vas connected With the
bucket shop called the Piedmont
Brokerage company, and held one
eighth OF It's stock. The person re-
ferred to in this charge was MI. Ar
thur A. Fairchild."
After thoroughly Investigating the
ustter the committee submitted it's
report last Thursday afternoon. in
which it expressed its strongest dis
approval and condemnation" Of Rich.
srd Cheatham, secretary Of the South
srn Cotton association, and an officer,
for the dealings he made ip cotton
under the names Of P. A. Lee and
Mike O'G adf, and also Of the fact
that Mr.. Cheathsm had put the WORD
secretary after his si1nsGure on the
checks with which he paid his mar
gins.
It made the same rule apply to Ar
thur A. Fatrchild, the publication
manager OF the Southern Cotton $3.50.
citation, who had owned an eight in.
terest in the Piedmont Brokerage Co.,
although the report stated that Fair
child was an employe and not sn Off
GER Of the association. This report
was sent to President 8arvie Jordan,
and by him it will be sent to the ex'
scutive committee for action, the
con nittee meeting in Hot Springs or
September, s, I and s.
The report first discussed the mo
lives leading up to the Investigation
and declares that the witness who ap
peared against the association with
one probable exception were interest
ed in OF employed by wire exchanges
It says that no move was made
against the association until July a
when the Boykin anti-bucket shol
bill was in the house, although tht
transactions in question came up II
March.
It says also that the charges
against Cheathan is the stroD ges1
reason for the abolition OF speculs
aion. It holds, too, that it can SCI
no ference between legitimate ex
changes and ucket-shcps, all being
ruinous to the country.
It declares also that while there Ii
40 law of the association against III
GERS OF it dealing in futures, it coa
denns In the strongest possible term
such action by It's cfacers or employees
OF who may own an interest IN buck
ct shops.
"Mr. Richard Cheatham," the re
port resumes, the secretary OF tn
Southern Cotton association, haVin'
admitted such dealings In cotton 1u
tures for Mike O,Gcady and z. A
Lee, comes under this rule, and sucl
action meets cur strongest disapproV
al and condemnation.
Your committee further hn6s q
reasonable excuse for the use by hir
of the word secretary after his name
but believe it to have been mislesc
ing and to have worked wrong agains
the association.
This meets the same disapproVs
as that above, and we should appl
the same general rule to Arthur a
Fsirchi!d, although he is not an cfE
Ger Of the association.
Believing that this conmitte
has no further authority, this repol
is trans nitted to you for transmissio
TO the executive committee whlc
meets In Hot Springs September 61l
7sh and SiS for action"
Two Negroes Lynched.
John Black and Will Hagin, negrot
| zero lvnche6 nv q mob OF 200 me