The Montgomery advertiser., 1907-02-16
MIR. BALTZELL DEAD
PICTUREsQUE ALABAMA CHARAC-
 TER HAS PASSED AWAY,
The Former Populist Politician, Free Lance Editor. Newspaper writer
 and Farmer Breathes His
 Last fu Hirmingham.

by Long Distance Telephone )--Frank Baltzell former politician, editor, and farmer, of Greenville. Montgomery and Birmipghem. more recently resident of the Birmingham District being inter- ested in coal mining with pr. c. B. Grove. died today in the St. vtncent's Hospital in this city from pneumonia. His wife and one daughter died just few weeks ago Miss Willie Balt-
 xsIl another daughter. is very i'll at
 Swansea now. A son. Thomas Belt
 zell. night clerk at the western Union Telegraph Company here survives. The remains will he sent to Nit. Pleasant. Tenn. Tor burial
 cotfsn AssocIatson Headouarterz. President Harvie Jordan. of the Southern Cotton Association. was in Birmingham today in consultation with Robert Jemison. Jr.. President of the Rirmingham Commercial Cmi.. w. P. q, Harding. President Of the First Ma tionaI Bank. and others, looking to the establishment of the permanent head quarters Of the Cotton Association In this cftv.s The headduarters are at present in Atlanta President Jordan stated late this afternoon that there i was nothing to give out definitely. ana is not certain that the headuuarterS will remain in Atlanta Mir. Jordan. when seen today. said in regard to the
 war being waged on bucket shops: Yes: we are keeping up the fight on the bucket shops. and with every indication of success. One very notice- able feature of the fight is that the
 big newspapers of the country. notab- ly in Memphis. and other Southern
 cities, who, eighteen months ago. were
 so opposed to us have now changed oxs ara 1caflfncr call on the
 fight
 Tt isn't likely that you will favor
 them in any manner: Is it?' he was asked 2 T. l,s9-s ss-- e=t5s ..5,9
 "No, sir I haven't the reputation of
 quitting a fsht when I begin It. he
 replied, and I don't propose to let up
 in the present instance until the Cot
 ton Exchanges are forced by revised
 grade differences to conduct legitt-
 mate business.
 We do not oppose the Cotton Ex. changes" he, continued, because of their gambling transactions. Cotton Exchanges If properly, conducted are legitimate enterprises. If 1t were so that spinner could 50 to the New York Cotton Exchange, for instance and buy a certain number of bales of cotton. to be delivered at the specified time. and then on demand receive an
 actual cotton basis middling and mak- ing the proper receipt for the other grades received as it would be inn
 possible as a matter of course to have
 all middling cotton delivered on con- tracts, we would consider with le- gitimate trahsaction.
 "A few large Cotton Exchanges throughout the country are conducted
 on this principle. but as for the small bucket shops and wire houses
 they must go"
 What do you think of Theodore
 Prices statement that he is disgusted with the action of seven legislatures
 in stonping the operation of wire
 houses and will cease to bull the mar ket" he was asked. +- "I know Mir Price pretty we'll said he. and know that any talk of his pulling the market through the New York Cotton Exchange. is all rot. Why. 1t would be absolutely iIn-
 possible for anyone thoueh he had bil-
 lions of dollars to bull the market on that Exchange.
 With their present grade ditferen-
 ces they have placed fictitious value of & per bale cotton grading unde~ middling ard 1t would swamp any speculator to bull market ,vhen he
 could be forced to take cotton at the price above the market value. Just to illustrate thata the EX- | change does not aid the Southern p-o-
 durer to n-onure better prices for his product. Take the average prires re- ceved for the thi~ty years 3~ior to | the organization of the exrhanges ex- cluding the civil war period. By a coni~arison with the prices received | during that long period. von will find that the cotton brought $19 bale 1 rcre for the thirty veers f'%owing | their organization. Estinatirg the l cron for the thi-ty vears at 250 ono. .060 | bales vou will 6~d that the South has
 eceivad $500 0OnQn less for her cot
 ton than she received during a simi- l lar period when we had no exchan-
 ges,
 ."rhese are actuel feures. and are | incontrovn~tihle. I don't get any
 nore bio dirners from the New Yort
 Cotton FvohanRe. They have found
 me out thev would he glad to see
 mo in tail but will give any of them
 d thousuad dollars to try and piece
 me the"e. It would be worth a mil
 lion dollars to me and I challenge l them to flo If "