The Montgomery advertiser., 1908-01-08
HEARS; SEES: TALKS
HEFLIN VISITS THE NEW YORK
 COTTON EXCHANGE.
Clay Introduces Resolution Prohibit ing shipntents of Beer and
 Whtskey Into Prohfbi- ~
 tion States. "

Washington. Jan. 7.-(Special)- )--The most far-reaching resolution yet pre- scented to pave the way for breaking up shipments of wine, beer and whiskey from licensed States into prohibition States was offered in the Senate today by Senator Clay of Georgia.
 In brief remarks he demanded that the Senate act one way or the other on the question, and also took occasion to say that according to newspaper re- ports it was the policy of Republican leaders to do practically nothing this session outside of passing regular sup- ply bills. The anti-saloon agitation becomes more embarrassing for the Republican leaders as the weeks roll by.
 T have introduced bill to prevent speculation on cotton futures and the Speaker of the House has assured the President of the Farmers National Congress that he would favor the pas- sage of such a measure during this session of Congress" so said Repre- sentative Hefiin today. T have long considered the New York cotton ex- change great enemy to the cotton producer" MT. Hefiin continued. "Du- ring the holidays went to New York III. Il had read about 1t, but was anxious to see 1t.
 On last Thursday I went down Wall Street and thence to the cotton ex- change building. I was permitted to go Into the gallery and from 1t saw the members of the exchange rushing wildly around the pit yelling at the ton of their voices. They were gambling in cotton futures and fixing the price of the product. Every few minutes the price fixed in the exchange was teie- graphed over the country and became instruction to all those who could be influenced by the manipulations of the exchange
 These men do not produce, own or use cotton: they offer for sale some thing thev do not possess and of course do not Intend to deliver; they offer for sale fictitious stun, and with 1t re- duces the nriee of real cotton below a fair and reaRenahie price; and they sell in me sea son a hundred million bales
 came away from the exchange more convinced than ever that speculation in cotton futures is the greatest evil that confronts the cotton producer to- day It constitutes policy of spolia- ion and robbery the most barefaced of modern times. Some time during this session of Congress I am going to discuss speculation in cotton futures, anu 4L lHdb NitAhO NttA thing to say about the New York Cot ton Exchange.
 Judge Hundley has been writing let ters to several of the Alabama dele gation in effect complaining that he is getting rather a rough deal and he att tempts to defend himself against the charges made against him before the Senate Judiciary Committee where his nomination Is held up. In few days the fudge will probably receive some answers to his epistles in which the Congressmen will speak for them selves.
 Captain Hobson appears to have been touched by the judges appeal. for it is understood that he has notified the Senate Committee that he will keep hands off in the fight. The other Ala bama Congressman who are protesting against Hundleys confirmation declare tbatNthey will oppose him more fierce- ly than ever.
 A peculiar situation exists in the House. So far in the discussion of the Presideut's recent message to Congress inc Republicans show no dis nosition to defend Roosevelt from the attacks aimed at his administration by Democrats. The Renublicans. of course, are not expect al to attack him. even though a large number are known to have a burning desire to do so.
 Alfred J. Stofer.