The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-04-08
READY FOR
FIGHT To
A FINISH
SPECULATOR PAT T EN-
RUSHEs TO NEW YORK
TO PROTECT COTTON
TERRIFIC BATTLE FOR
CONTROL is IMMINENT
Il Have No Time TO Figure
Losses or Galns,' Says
Chicago Operator

New York. April "A terrific
battle for control Of the cotton mar
ket IS Imminent. James A. Patten.
the Chicago wheat and cotton spec.
ulator who rushed iuo New York
on the eighteen hour train, clad In
his war regalia, said that he was
here for flight TO finish with
McFadden
The McFadden that he means IL
firm of George II. McFadden and
Brothers. the biggest cotton broker
age house in the world, which has
been active In the violent agitation in
the cotton market for the past three
days.
Mr.. patten was recently mohhed
at Manchester, when he visited the
cotton exchange on his visit to Eng
land.
Mr. Patten was found In the lobby
of the Waldorf.Astoria. with two
friends whom he introduced as Mr..
Hams and Mr.. Brown, cotton broll-j
ers from New Orleans, and bis allies
in the figlr on McFaddcn. II hads
uttN itHbiNGu AliAi ilt lVGA iilRA0 tAfAh
million dollars In the recent slump
when the price Of cotton dropped Off
81 so bale. He was asked about
this report.
Losing" exclaimed the specnlator.
"A million. why. / don't really know.
I'm not losing any sleep anyway.
Make it n million and a half or two
million, II you want to.
No More Than Losing Dime.
Losing two million In this sort or
fight is II omore TO me than losing
a dime would be- to you. When a
man has as much cotton going and
coming as | have he has not time 70
liguy5 up how every little flucluation
Of the price affects his profits.
Il never even take time 10 figure
mp approximately at night how tho
days operations have resulted for
my bank account. 1t Is not worth
while
"A man that makes Specializing a
business hasn't the time and can't
afford TO bother with trines like
those continued Mr.. Patten on the
subject OF loss OF million or so.
III he allows things like that to
worry him he has not any right to
speculate
"ff speculailng ever cost me an
hours sleep would cut the whole
business out and go TO work In some
body's Office for a salary
The cotton king vas then asked
about his coming campaign on the
New York exchange.
The whole trouble here Is that
| McFadden has run the market Ev-
cry time ne says boo all Of these
fellows jump out Of the market scar
ed to death. He's up against a diff
ferent sort OF proposition now.
He's got TO fight live one, He
can't scare me-
He's shipping cotton In here from
England at a loss OF 81 bale and
all OF the small fry are frightened
10 death They figure that they
haven't a chance TO fight him. That
sort OF business does not asarm me.
can stand TO watch him sell cotton
at a loss OF 81 bale as long as he
wants to sell it.
I Z Haven't Lost a Cent
Most OF these men who have TIM
idly opposed him before this are a
lot OF children. They are scared
out by phantoms. He tried this sort
OF game on these gentlemen" indi-
eating his two friends, "some time
ago and he did not come out OF 1t
very successfully and he is up against
the proposition of coming out with
less success this time.
you can 60 and bet that this much
is true" continued Mr.. Patten, Il
have not lost cent In the cotton
market and I'm not going TO.
Il have got plenty of cotton that |
bought al . and you can figure from
that that a jump to Ia and back again
10 u does not affect me much. No.
I'm not beginning 10 get scared yet.
"These maneuvers OF McFadden's
will drive all OF the timid out OF the
market II they are not out now and
I'm glad OF It.
"All / want Is a clear field to meet
this fellow on. p
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