The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-02
.5PECULA71NG IN
COTTON FUTURES ! !.
Investigation Committee q. Says the
Secretary Of the Cotton A A5s:sl
citation IS Culpable
SUBMITTED AFFl DAvITs.
:i AEI.FI:FF::ILD!!:!AYITs.
sUJB 3. ]
Secretary Cheatllam Declares He
Does Not Own Any Interest in#
Gambling Concern.
LlRy Assocla teal Prcss.lI

ATLANTA GA, August 51.---Before the
committee Of investigation named By
President Hnrvle Jordan to hcnr~evi-3
dence that certain officers Of the Cotton
Association owned interest ST in well
known brokerage concern, and have p cen
specializing in ton futures, Represent
tatiye J, r. Anderson, of Chatham couIl-
~, repeated the charges made by nm
on the floor Of the Fl ouse last week. iiags
j He charged that Richard Cheatham,4
secretary Of the associa ton, specu lated
In cotton futures, carrying the accounts
in the names Of Mike o. Grady and p. A.
Leo, and Anderson also charged X that
sArthurA. Tairchild, who appears as the
manager Of tho bureau Of publicity Of
the nssociation,t owned one-cfShth Of the
stock Of the Piedmont Brokerage Com
tpany's concern, which makes a Speciality
OF cotton futures. q8 X
& TO support these charges, Mr. SArd er-
son submitted q number Of :lffidavits, and
declared that an order from Mr.. Cheat
ham on certain brokers would bring forth
further evidence In proof OF the charges
Mr.. Cheatham submitted, in his de-
fense, a statement In which he declared:
ss,r do not at the present time, nor have,
T., directly or Indirectly, in any manner
owned any part OF or interest 81 IN a
DuCkeL WIZ
II have never specialized in cotton ~ n
lures for my own personal gain. !"
Mr. O'Grady, Of Chattanooga, was on
hand to substantiate the statement Of
Mr.. Cheatham that the 20 Grady ac-;
count was handled for him by Mr.
Cheathnm merely as n personal act Of
friendship. Mr.. Cheatham refused to
reveal tho identity Of p. A. Leo. in
whose name tho other account was car
red. FL VI i3 81 #
The charge that Fnirchild owned an
interest in the Piedmont Brokerage
Company was not denied, although It
was declared that the Interest was dis
posed OF some time ago.
Account in O'Grady's Name.
Mr.. Pagan, manager Of "a local ex-
change, testified as to Mr.. Cheatham
having opened an account under the
name Of Mike O'Grady, Mr.. Pagan adj
mittcd having given Mr.. Andersont the in!
formation on which he based the charges.
B.. c. Cothran local manager of a
brokers' office, testified about FTasier
telling DR., Crawford that Mr. Chea than
was stakeholder In the Piedmont EX-
change. NJ ~
Holland curran, bookkeepor for a
brokerage firm, declined to testify with
out Mr.. Cheatham's consent, wfereupon
Mr.. Cheatham exclaimed: You are Just
here for q trick This thing has been
tried on mo before, and am tired Of
it."at MI n lf al
Mr. Curran testified that Mr. Chcatham
had bought cotton futures at his Office.
..IIo came to the office" said the witt,
ness, land wanted to open an account,
Flo did 80, and when we asked In what
name to put the account he doh
Mike, will do Mike who,' he was asked,
and he said Jones was a good name. and
the account now stands on our books as
Mike Jones" 4, IN
A.. A. Fairchild, manager Of the pub
fishing bureau of the association, was tho
last witness OF the day and submitted
a written statement 45s 4 vi III FIJI