Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1910-01-11
AARV|E JORDAN IS NOT
HEAD OF COTTON JOURNAL
He Corrects Report That He
Was Editor in Chief of "The
Southern Cotton Journal

The publication of a news item which
appeared in The Journal on the 5th in
slant with reference to the Cotton Jour-
nal. included the statement that '..Harvie
Jordan was president and editor in
chief The Journal takes pleasure in
correcting this error and publishes below
a statement from Mr.. Jordan in regard
to the matter:
Editor Atlanta Journal: ! have been
absent from the city for the past few
days and was intensely surprised when
my attention was called to your publica-
ton of the 5th instant, relative to the
Southern Cotton Journal being a
thing OF the past and that l was pres
ident and editor in chief AS matter
of fact I rendered my resignation to the
meeting of the board of directors of the
Cotton Journal Publishing company, held
in Atlanta on the 6th day of April, 1909
and some time thereafter the board of di-
rectors elected Mr.. Richard Cheatham,
president. and Mr.. Henry s. Reid, man
sger and editor in chief.
when my resignation was accepted the
affairs of the company were reported to
be in good shape, as the assets of the
company Tar exceeded us laDllltleS. MY
former position as president was entirely
complimentary. as il was not at that
time a salarled office the board of direc-
tors placing the entire management of
the financial affairs of the company in
the hands of the business manager.
only conducted the editorial department
of the Cotton Journal during my official
relations with the company. Practically
my entire time for the past year has
been devoted to my duties as president
of the Farmers Gin Compress and Cotton
company, a Georgia corporation, with
offices at Atlanta and Memphis. The
publication of Mr.. Watson's journals.
and other negotiations had with Mr. Wat
son. to which reference was made in your
publication of the 5th instant were made
after my resignation and without my
knowledge at the time the transactions
occurred.
Your further statement that the Cot
ton Journal Publishing company sold
100000 worth of stock and left the in
vestors with the bag to hold is also a
gross error, as the public took less than
one-fourth OF that amount The balance
of the $4,000 of the preferred stock sold
was taken by Mr.. Richard Cheatham.
the largest investor, and the board of
directors of the company, who are among
the most prominent planters and bust
ness men in the south. The further
statement in your publication OF the 9th
inst, that the Cotton Journal was the
official organ of the Southern Cotton as
ISOLATION. OF which ! am still president,
is also an error, as the association never
had any Official organ.
II am informed by the president of the
Cotton Journal Publishing company that
its present financial difficulties will be
soon overcome, as the property is valu-
able one. the liabilities being small and
the assets large. Satisfactory negotia-
lions are now I'm progress, of which
have knowledge, that will clear up the
present temporary difficulties of the Cot
ton Journal in the near future If they
are brought to a successful conclusion.
II request the publication of the above
statement as conspicuously as your pub
lication of the 5th inst, as unless fully
corrected / am most likely to be damaged
both personally and I'm a business way
throughout the entire country as we'll
as the interests with which I am asso-
ciated. l do not believe that your paper
would knowingly be a party to anything
detrimental to me personally or the in
terests 1 represent unless fully justified
by incontrovertible facts.
Yours truly,
'HARVIE JORDAN"