The Birmingham age-herald., 1918-06-09

To show the absurdity, the circular ou..es the price of good ordinary in Boston as Sc below niddling, good ordi- nary in New Orleans as 6Ec below mid dliIss, the New Orleans price being 3Ec lower than the Boston price for good cr- dinaFy. Good ordinary in Savannah was 3a4c below middling; in Augusta, 5c be- low niddling; in Dallas. 311c below mid ding; in Galveston. 5ssc below niddling all absurdities and every, member of the New, York, and New Orleans cot tn exchanges know the absolute fraud ot H. The spot market for middling cot ten that day was Sc above the exchanac market, and no wonder
 There is not cotton man anywhere that does not know that the cotton fie- livered us through the exchange, gra les gwen as above, as 2c below middiing is more than 6c below middIing
 Immediately and for several wears after the Smith-Lever bill, contracts New York and New Orleans, eaualIed sne price of middling cotton. It is only e. cctiy that this, conspiracy to wholesale defraud the cotton public has been con- sumnated.
 Senator Underwood writes me that the Smith-Lever bill seems to be sufficient. If the Smith Lever bin is sufficient to protect the cotton interests, then this '"t''NAS ic DCAh6 Pcf pCtidttQ 1QQtT the espionage of the secretary of agricul- ture. Sss.F
 The federal government stands for sound money, sound corn, sound wheat sound meat, and is in every respect the soundest government in the world, and by all the rules of fair dealing, should see to it that the manufacturers of cot ton. the sellers of cotton, the producers of cotton, sfould be protected from these corspirators. cs5@ss us..s
 Some years ago the attorney general prosecuted Brown, Haynes and sunday others, char ging that. they organized a conspiracy to "bulr' the cotton market, and they were fined. What Brown, Haynes and others did was to form . company to buy up and ship out tho punk cotton which had been assembled and held ir New York to control and manipulate the market and forced the exchanges to ship in and deliver real cotton in fulfillment of their. contracts
 hereby notify the, attorney general that the exchanges. are allowing a con- spiracy to again get all the punk cotton in the country assembled in New York and New Orleans for the purpose of de- pressing values and defra udins :. the public. ~ ..% aiftts :.
 In the Brown Haynes matter the attor- ney general was protecting a lot Of gamblers; if he would act now. he would be protecting every cotton grower, every cotton merchant. every cotton mill in the safe onduct of their business Fsss Calling the attention of MT. Houston. secretary of agriculture. and MT, Charlie Brand, chief of bureau. the New York and New Orleans exchanges have estab- lished a new grade of niddling. which grade is Sc below the market price of commercial n1ddling cotton.
 They have also ests sblished fixed prices on low grade cotton entirely apart from the market price and with this grade of middlng made by themselves and priced by themselves, and with their own diff ferentials between the low grades. arc making what is, called killing in the cotton market. ,'S <. x ess
 This arrangement of theirs, entirely against the second and fifth clauses of Sec. 5 and Sec. of the Smith Lever bill, is made operative by your assent. and We call your particular attention that this procedure makes imperative and de- stioys the intent of the Smith-Lever bill. which bill was for the protection of the farmer and business man and not for the profit of the, speculator. The whole method is swindling. illegal. and should be stopped. Azg
 AVONDALE MILLS.s
 B. B. Conner. Pres and Treas