The Lee County journal. (Leesburg, Ga.) 1904-19??, 1906-11-02

Cotton Bear Hoadley Figures in Con-
troversY Between Heads of Cotton
ASSOCIATIONS.

Associations.
The reply of Preside t Barrett of
the Farmers Union to President Har-
vie Jordans attack created 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.. Hoadleys
guest and that he had been making
direct reports to Mr.. Hoadley.
Hoadley is well known on the street
as one of the most fervld and erratlc
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 a 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
~ happens that even his own brokers
do not know that they are represent
ing The same man in the pit.
Lately all of Hoadley's talk has in
Dictated 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 con-
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 I1oadley and Mr.. Jor-
dan was criticised for his intimacy.
This year he has not distributed
any photographs, bat 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 De only
second to that Of two years ago.
Coming from Jordan this talk had
more effect that if coming from IIoad-
ley. But either Hoadley or. somebody
else has seen to it that it has drifted
into every nook and corner of the cot
ton buying world
President Haryie Jordan Of The
Southern Cotton Association has writ
ten a letter in answer to the card Of
President c. S. Barrett Of the National
Farmers Union, published MONDAY,
in which Mr.. Barrett ClIa:gsi MI Jor-
dan with being too close to bear m
terests for rhe good of the cotton
planter, and also charged JOrlan with
conducting a 'Wall street annex. to
the Southern Cotton Association. Mr.,
Jordan's reply to Mr. Barrett; inapart.
is as follows -: III
"To the Publiei. The unwarranted,
and unauthorized attack Of the pres
ident OF the Farmers Union on me
and the Southern Cotton Association
at this time is a delicious morsel for
the bearfsh element in the speculative
and legitimate cotton trade.
"Mr. Barrett knew that / had pub
Iished denial OF the Washington
dispatch before his sensational in
terview with the Atlanta Constitution
/ have always advocated higher prices
for our cotton than any man in the
south, so much so, that I have at
times incurred the seyerest- criticism !
and condemnation Of the; legitimate
and speculative cotton trade
"He knows that ] have by tongue
and pen fought the evils of cotton
speculation until have Incurred the 4
everlasting enmity Of every cotton
broker and cotton exchange in the
whole country He knows that I did5
all in my power the past summer to
secure the passage Of the Boylin bill /
that would drive these institutions out
of the state Of Georgia"