The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-03-19
SULLY SUES FOR Sl,@o,OOo
COTTON OPERATOR AFTER
JOHN HAYS HAMMOND.
Charges That Hammond and Others Have
(Onspircd 10 InJure His Good Name
In business and TO Deprive Him Of
Big Profits From a Patent scheme.

WASHINGTON. March is.-Suit for
81 5o0,0 900 was filed in the Supreme Court
OF the District of Columbia to-day by
Daniel J. Sully of New York, the no called
| cotton king" asking damages in the
sum named from John Hays Hammond
and others for an alleged conspiracy TO
character as an International cotton
expert and also to deprive him OF sim
mense profits" in organizing the General
Cotton Securities Company.
MIR. Hammonds codefendants named
in the declaration are Harris Hammond.
Frank =. Bright. Dolph b. Atherton.
John p. Miller and William Woodward
Baldwin. all said to he of New York. and
G. Scott Dalgliesh. agent for a syndicate
Of London, England.
In his declaration Mr. Sully says that
he has always borne good reputation
and for ten years has been known in the
international commercial world as an
expert and authority on all matters per-
tanning to the cotton industry. In the
spring Of 1909. he says. certain articles
appeared in New York magazine over
his signature which attracted the atten-
ton of John Hays Hammond: that the
articles were on the subject Of cotton
and led to interviews with Mr.. Hammond
which resulted in Sully examining a
certain patent for the ginning OF cotton.
MIR. Sully declares that he reported to
Mr.. Hammond that the invention would
utionizc the cotton industry" and
he advised MIR Hammond 10 secure q
controlling interest with the result that
corporation with n capital of 81 ,5OO. 900
was formed. This was followed event
ually by the Incorporation in Delaware
of the General Cotton Securities Com
pany with a capital of sIOOC0.OO
The declaration sets forth that Sully
took So 600. .oOO of the stock under voting
trust and in January. 1910. made a private
partnership contract with Mr. Hammond
TO divide equally all the profits arising
out OF the contract. Mr.. Sully says he
sailed for Europe in March. 1910. and sold
the American and European patent rights
TO the Hirsch Syndicate Of London. Some
time thereafter. Mr. Sully says. he again
visited London and for reasons unk nown
to him the London syndicate declined to
close it's options TO purchase. He re-
turned to America, but was avoided by
Mr.. Hammond.
Then. Mr. Sully says, he began negotia-
tions with an American syndicate Of
Southern cotton operators headed by Col
". 3. Fordyce Of ST. Louis for the sale OF
his stock. He charges that in the mean
time Mr. Hammond and his associa lea
conspired to defraud him Of his stock and
TO prevent his pending sales by altering
the official records Of the company at an
alleged illegal meeting in Washington in
November. 1910. At this meeting. he
charges his stock was illegally cancelled
II is further charged that Mr. Ham
mond sent representatives to Col. Fordyce
in St Louis. who said tina >'''lv was
man of mo financial integrit, or teracity
and in whom no dependenc, could he
placed" and that Sully had no power or
authority 10 make any contracts for the
company
As a result Mr. Sully declares he has
been greatly injured in Internal 10 nal
financial circles Us a man unworthy of
belief and of no financial integrity and il
unable TO secure any employment in the
cotton industry"