The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1906-08-02
CHEATHAM ADMITS
Aiding a Friend to 'Buck"
the Atlanta Bucket Shops.
PLACED SEVERAL ORDERS
Secretary of Southern Cotton Assoeia-
ton Acknowledges Acting, As
Aaent.-SIated investigation
is Postponed

Secretary Richard Cheatham, OF the
Southern Cotton Association, admits
that he acted as agent Of one Mike
O'Grady in placing the orders for cot
ton futures, stating that he was mere
ly serving a personal friend that he
had no pecuniary Interest in the deals,
and that. when the orders were placed
with w. R. Pagan, the Atlanta repre-
sentative of the New York cotton
brokerage firms, he stated to him
that these transactions were for
O'Grady.
The investigation Of the charges Of
Representative Anderson were post
poned twice Monday, the latter time
to Wednesday morning at 10 o'clock.
When the time for the slated In
vestigation in Atlanta arrived Hon. w.
L. Peek of Conyers was the only one
of the committee present. State
President M. L. Johnson wired from
Gainesville that he would arrive later
in the day, and the hearing was post
poned till o'clock in the afternoon.
President Johnson missed his train
at Cass station and 80 notified Presi-
dent Jordan. The latter then got a
definite statement over the telephone
from the former that he could be on
hand Wednesday morning.
President Jordan stated these facts
to the assembled parties and press
representatives at the afternoon ses-
sion and the meeting dispersed.
The presence of Mike O'Grady, OF
Chattanooga at the association rooms
added considerable interest to this all.
absorbing topic in cotton circles
anent the recent Anderson charges.
O'Grady was one of those referred to
through whom an officer OF the South
ern Cotton Association was alleged
TO have dealt with the bucket shops.
At the association rooms O'Grady
stated to A Constitution reporter that
he had requested Secretary Cheatham,
his personal friend, to make certain
deals for him through the exchange
in Atlanta, as for business reasons
he did not wish to make them him.
self in Chattanooga, that for these
reasons he wished to keep these
transactions secret and entrusted
them to Cheatham. but not until he
had to urge him to do so, and that
Cheatham consented finally very re-
]uctantly. O'Crady regretted all this
publicity and bringing his private al
fairs into such notoriety, and he stat
ed to the Constitution that he would
seek a we'll known Atlanta attorney,
naming him, and see if there was not
some redress at law against the New
York and New Orleans houses max
ing public his private affairs.
The houses through which these
deals were made are Gilbert 4 Clay
of New York and New Orleans, and
Charles D. Freeman &. Co.. Of New
York. Secretary Cheatham, acting
for oGrady, at the latter's urgent
solicitation, O'Grady says, had made
these deals with w. r. Fagan, the
Atlanta representative of these houses.
"Cheatham had not dollars interest
in the transactions" ONGrady said,
'.and was acting solely as my agent"
He came down here of his own voli-
ton. he said, to set this matter right
when he saw the publicity his pri-
yate deals had been given, and ne
was going to take the matter up with
the New York houses for exposing his
name,
P. A. Lee, the other man referred
to by Representative Anderson, did
not materialize, but it was said that
he would be on hand. O'Grady is con-
nected with the Wakeman Distilling
Company of Chattanooga, Tenn, and
said the amount of his dealings with
the bucket shop firms was $4,000. He
had brought along statements from
these firms to show that the transac-
tions were his own. and not Cheat
hams.