Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1906-08-08
CHEATRAN'S denial
Secretary Cotton Association
Under Fire
SAYS he TRADED FOR A FRIEND
Before Cotton Association Committee
of Investigation, Charges That Sec
retary Cheatham and Press Agent
Fairchild Have Been Specializing
in Futures Are Preferred and Only
Partially Denied.

Atlanta, Ga, Special.-Before the
committee of investigation named by
President Harvie Jordan to hear evi-
4 tlcncc that certain officers Of the as
): sociation owned an interest," in a we'll
4 known brokerage concern, and also
! have been spcculatjhis in cotton fu-
! lures, Representative j. Il. Anderson,
| cf Cheatlam county, repeated the
| charges made by him on the floor
4 Of the House dast week. He charged
that Richard Cheatham, secretary Of
/ the association, speculatcd in cotton
4 futures, carrying the accounts i'll the
names Of Mike O'Grady and P. A.
Lee. Mr.. Anderson also charged that
! Arthur A. Fairchild, who appears as
the manager of the bureau Of pub
Lefty of the association, owned one
eighth of ths stock of the Piedmont
Brokerage Company, 4 concern which
| makes a speciality Of cotton futures,
To support these charges, Mr.. An
derson submitted number of afii-
davits and declared that all order
from Mr.. Cheatham on certain, brok-
crs would bring forth further cvi-.
| dcnce in proof Of the charges.
Mr.. Cheatham produced in his de-
fcnsc a statement III. which he de-
clarcd: 81 do not at the present lime,
nor have ] directly or indirectly III
\ any manner. owned any part OF or
interest i'll a bucket shop or wire
gambling house.
H1 $llaye never speculated in cotton.
i futures for my own personalsgain. /"
Mr.. O'Grady of Chattanooga, was
| on hand to substatntiate the charge of
! Mr.. Cheatham that the ,"O'Grady ac.
! count" was handled for him by Mr..
Cheatham merely as personal act of
friendship. Mr. Cheatham refused to
| reveal the identity OF P. A. Lee. in
! whose name The other account was
! carried
| The charge that Faircllild owned an
interest in the Piedmont Brokear-
age Company was not denied, all,
though it was declared that the in,'
terest was disposed Of some time agu,
Brokerage People Testify.
Air. Pagan, manager Of local cx-
change, was the first witness at the
afternoon session. He testified as 10
Mr.. Cheatham having opened All ac.
count under the name of Mike
O'Grady. Mr.. Fagal admitted hav-
ing given Mr.. Anderson The informa-
ton on which he based charges.
The next witness was B. c. Cotllran.
local manager of brokers' Office.
He told about Frazier telling DIR.
Crawford that Mr.. Cheatham was i
! stockholder in the Piedmont ex-
change.
Holland ('urran. who was book
| keeper for i brokerage firm with Of.
fees in this city. was the star witness
Of the day. lie declined Ia testify
without Mr.. Cheathan's consent,
rhereupou Mr.. Cheatllam jumped 10
his feet and exclaimed:
Cheatham Flames Up.
You are just here for trick. This
thing has been tried on me before,
and i am tired of it. You are trying
to play at the wrong game.
Mr.. Curran flushed up. angrily and
proceeded TO tell what he claimed lie
knew. and il was that Mr.. Cheatham
had bought cotton futures three times
at his Office. "He came to the Office, ("
said the witness, "and wanted to open
an account. He did so and when we
asked him what name to put the ac-
connt he said: 'Oh, Mike will do
Mike who?' he was asked, and said
Jones was good name and so the
account now stands ond our books as
Mike JONES'
Dr. J. M. Crawford took the stand
and said he was Il stockholder i'll the
Piedmont Exchange. He said he was
always positive Mr.. Cheatham owned
stock, although he never said so di-
rcctly.
A. A. Fairchild. manager Of the
publishing bureau of the association,
was the last witness Of the day and
submitted written statement.
D.na..:u,4.l