Show m H HI n r I I Ine cotton fotion Speculator SJ I II Great I ne Finally F l ed to Suspend AnS A BIO BIG SECTION 1 Ended 11 for I Bull Carter Career Str Dge p Q or the Cotton C I nW J rk M f I rork been the largest Ht for 1 h O p t l t e In colton and 1110 17 cell j rpt bU bs inanity to nake goOl I II th York cot col i ito 1 to n Ui or In ft k ut II hU hI 1 T I 11 n bas renzy 1111 no lI n cru ll no noi ot otI of b i nd dl It t more de I In ht M tInn three I 1 nj half 0 ort IhA cotton hi t 10 20 up anti dOli n t u within lit 1 Gt noli ol down to il r ihm Ih I l In 0 all 1 III o ot hn to cover co nm There wd n P a In nellS to or Sent It l merely u 11 re Ie 5 und the thc nl or b ar nr oration climbing or further l Sy e utter the tt session I rt was a lil bout boutin the tho mi ull miI in U t r I of the It Was v cl t V Supt t fr frI frum I this notice T e t that v 11 arc II to 10 and will thero our lt I n iKI 3 J CO eo COr r r a f jt conJ there Will quiet Mr Then with bno o oa a w nt up III from florn It who hal had b lr SaH I Inu lit tt till I Illi for months l 10 Into Inlo th to tob bi up upon n on In the lumpe Jo for i lt It wn tit torn by br 1 wrap f OO la pit lIt I t r IIII J In fiM ild WI tf f th wll ihl t i bt i I With lIh JI 1 I Ol I save of tM within until thiv t nM aJ l to 10 rush rU h l o ex ext e t jam se And the 5 S a the w Mill v tho stock pro et ha Rill h on 1 tl the nil M n R J 11 t the IIO Cl w na to nil all Jut bur nc I by members I that like I balS o or cult m traded 1 In urO iO 0 minute of or thai 1 IJ e t e of ot this 1 upward of nt ll fOr f r d or the hul hulor or Ill en Hwn nearly Ilea or 11 nut As tho market mn perol the 1 on thin to 10 moru Inor JJ I 1110 steadied after about 20 t u II Md III shoot of aboul HI I br by IW t bu U ot nm hl Who the market far M find would w ut iV jint of the 1 thu tho ft Ihu Ihl by b l tho rho t who vho jUlit 1111 lind tu to aft In 11 thi to Rt them HIP r ns IA exciting Jiu nil fl 1 elim Tho 11 li ci of S J 1111 ermon WUI OM ini II o llie tickers ra everywhere 11 few f after It wad jimi l and IIII WOH WIlli of il II lJ mr wih WIllI Vew II Vork ork stock the fl thel Mr 11 Sully Sull I a r ot or that A II tro two OT nr three n o Stuck lel rt from halt hulf u II point to 10 a HIlt on the fear tt ho III hf n rush At The Jh tI J Ihs liny Ln r for va pissed p hut Stilly HUll Irad not lIot boon trading 1 the c r I rt It II U toV by him Thu lh milt wet ren and went III I f j Mr Ir Sully In his 1 to IH II lifter 3 Sully Into frito conference with und later Ed illI Jr JI of ot U H I In n 1 of ot tho linn sent out this luMn uAn nt lt o 0 any kind or de dt Mr Sully ullY lc ct mo to ny will 1111 be given out from lr 11 statement will bo ready lIrly Saturday Mr later Int L nn 1111 quoted nn 1111 cay M MIllS IllS ng that the firm would imy IY UR 1111 debts and Ule II wits II tho Impossibility ImpO of t for II II of or money due to fo thu tho Bully Bull rom from pOUce that th ho quick In the markut made payable too quick for 01 them to b bable ohio able ID to meet Mr r Sully left his nt at 4 All sort of were made mallo for tho toc suspension su On of or till given WIl thu tho Now Nol i ull party had hur sold cotton while hlll ul wu W I bulling It Ill n the I they the him Another was waK following liv In market od long 1111 cotton culton without ad with him Irom two to wellin formed en me u II denial that thero wua WUI from IV Orleans A cotton opera tor with New cl connection wild the thc bull wn h In cotton tt 1111 account thu I COllI from ono of ot tho fix I or cotton In this country wi that tho bear party lUll made n 11 and to Sul tul Sully ly Iy Imd Tile to this authority had put III or f lII duo to 10 Immense of 11 Contract cotton colton and to In his tp on un the and pin lined nn 11 attack on the Unit hat would carry It down llon Ju t far farenough enough t to akl It for f Sully to meet knowing that his would vend tilt HIM market BO much lower they could cover coer ut lit to recoup them No definite Ll idea II en of oe Bullys commit commitments ments In this th could bo lit obtained 1 from othur houses hOU ts In III the cot col cotton colIon ton Ion One Oil C Via that 1 w long Ions bils blI 4 of May y cotton alone A good lw M did not lint Hull niu long Iong mow mOrl than that In the whole hole market and u IL 1 In hI another W The failure fo re In a ISO C Che he cannot settle tIJI II l win 1 mild att bo nearly all uti Ui Hit brokers on all tho c c aul Ou was that III I C nt the rulo of ut the Ihu would not IIO exceed INI Hull hull lu l I or what Ms lost In 11 market ket oper 11 s hot JI lul tl In 11 this Bully Hull will owe will be hI found by b deducting the 1110 1 ot cotton olton today from the to which lite hIli accounts f down to ho I last cull ull This will bo bl determined There w Were ro no 10 other of o failure lending men In tho Iho cot cotton ot ton market declared dc ut then need be b no of ot trouble In III exchange o the of ot Bully was IM nt lit as liS n of the collapse of tho cotton there was le t the tho failure might ht bri bring down a 11 of If In the couth Bully Sull K Co l lI hiL e or 01 lUll hud with i Ono of or most active I was with the Corn Exchange bank Tho account wa opened n nI I ago the JI often large President nh All 11 we 0 w 1 at lit this line III that Bully O eo have and that their account with us u Is III nil all right I have been told 1011 that thaI h Ill bo large lar I 1 have huo no 10 personal Knowledge knol I Their nI with Us Iii Vis of ot many r ol n brokerage Hi mX h anel 1 J Sully S lh became n nelor In tho cotton market In 1903 when he h took 09 1111 bu fl lIt Wit IhM Ill II I hud had dropped Ho H great thing when hell he bulled MIL cotton ot or 1503 to tl Q Bully had been a II cotton buyer for tor Now Ho had made macle a II pf r 1011 and foresaw the tho of that year nar us liB well us lit tho crop crUll of ot this I II H was Willi hl that clique of Ng N F o ier backed ck 1 hire him In hi hll first nr 1 y Il i i n and It wn wa that he hu personally more t Ho a 1 cotton I or his hili own lat latt year under the thc name of ot 1 J Gully BUll r Co but bUI when hl hlo o In to 0 the market having 11 pushed hItI up url IT a 0 pound early ar this year lUI he hI widened the wore of his hili lIun fI the a L on the New II York Mock tOlk went Into Inlo the tho Jio exchange t sot gol a aon 1 on Ol tho Wo hf hr I t mid It 11 fald h made ronn tf nH with other e th Tho rh member of or the firm 1111 vori Daniel J Sully SuI I till fr ft V H t of ur Tux Tex Walter r S IMwIn II n 1 Cr linn New II Orleans of ot Wis Into tile the linn linnI I S IN W lmA D Pr It 11 I r Murch IS The an 1111 of the th of or Daniel lall 01 J Sully as it II hunt blow to In tho Sully lit I this city u mid his hl operations ol been followed closely lI Many hl bin and antl not n 11 lew hand 1 lm t year In III manufacturing circle however there thero lit III Vj t h I inh own owners ers t were In cv 0 r tho don 1111 would much towards relieving the uncertain in III tho textile Fil Fall Mn s t Di Fall tIel especially I IlIr Ul cho havi heavy helY while tho hi 1111 f rUI 1111 IIII up In price over Olor the failure r J Company They fear cot eol cotton ton lOll Will thun thull do the 1110 the c of lit goods Hool decline to any RII groat trl l It Is feared lows L would bo ho coti COli material made from holl high cotton PANIC l IC IX IN XI W A ANI NI La In March IS An Of of oC Daniel J Sully it to lu created I t I a 11 panic today on 01 Ilin tit nf or llin h cotlon i IX v il ir away il i until they tl Web J 10 n bale lower than yen lK clo t When n the panic was Over tie Ih t Integrity of ot thu tha local rollon C Hl i ll he copes of or Hr O Wiped tut ut am heavy lind lw fortune Boon Huon utter uCler 1 private mH from tr York ork U P fill the ih next e of oC nn an hour nit nil o C ii ld pt IJ nt thu windows doors of the cotlon hw c rl of business men n In Int it rough md Ight near tho to tn their tot to an 1111 overstocked i luci H 11 10 to t 20 point nt lit n time and still boiling continued ll fonts wore torn lorn hats were stool about the Ihl ring welo lJ Io it fa the t m it could b heard for tor blocks the noise of the busy bUllY corner of Krom about nh until jt H Hwan wan 11 hard I recognize the Iho c ex a I The rh ring hIll had the Ih of lIC the be object of nn l O men who Plunged 1 over ine another 1 to IQ got hearer r lb pit l t 18 s tio center rc II ten if if If I Irit t It 1 Ih ho I In III th l pee tho brokers t tIO Q M r tl of one Olio lil ll 1111 hll t was 1111 to 0 nci 1111 cotton Jio matter what tho price ll 1 It 1 I pot until 1110 ho their well 1011 elM cleat of that they paused and 1111 nU vod the tu III tumult to lIh IM At 1 1 O tho feeling f Jinn In C to tu ex extent e tent t and brokers cr ble to extricate from the ring and find out Just Jupt what tho t h situation WON M They The found prices J 9 t o II I a u bale l than yesterdays cloning III May 11 being o n nt Oc and July to t tJ Qc From I 11 1 were able n hIe to In leave ILe tho Iho ring n a tone prevailed il lul 11 i When hen If I found that tha no embarrassed u lIf d by bythe I the th failure prices IJ a n wonderful recovery r rr t Ihl cl Q tie l c tone tOllO nl steady lind Slay Mn a t recovery N of fit 13 points while July Juh recovered 23 20 points On the curb the recovery wn 1111 more marked May Il regained M 31 t and July Jul regained t 29 9 points tit l If 05 J TAT t T 1 SULLY Now March 19 I My M lIu pon filon Is a only Dilly temporary said Ml Daniel 1 r Sully fi II cotton i the th sus 11 of ut whose hos linn hook the spec slice speculative world this declaration upon reaching his home lifter a at III his hili ex extending c tending lain Into Inlo tho night I 1 Jo p loV io car t hI add anything to 10 that pimple 11 lilD statement hu ho continued and I shall not have 1111 further Hunt to 10 miiKo tomorrow or OL day du Mr Bully apparently ap was no he was us exultant iio 1101 ngo b n Lh current report 1 Iu iio had 1131 made G al through high price for tor cotton Ho would not discuss tho intimations that thoro thora might haVo been treachery at somo point anions among hid nor would Us how Boon eoon be he x to operations o allons The of the cotton colton exchange wilt lad had contracts with Daniel J Hully ullY Co Mill held n meeting after tho close cloae Of business in tho governing room of the exchange to discuss dl culs tho situation They were creditors of or tha thO firm firn firmand and of or them did ld not know whether er or they b on the tho fol following 01 lowing dRY day or not nOl In case tho failure was a II bILl bad one It l decided to o appoint a 1 commit committee i tee tea of th the leading brokers of ot which John WIt was tho chairman J ot of Sully C CLot Lot I a formal inquiry as 08 to tho amount of ot cotton colton contracts which tho firm lind 1111 outstanding No Information tion Was iiI obtainable and after a pro protracted n meeting lV 3 did d without 1 any conclusion b ln reached Ono Oho of present suld afterwards counted noses MAC and about all they did Wo We gathered the however hocer that Sully HUll docs Tibt 11 t hold hd bales of oC Cotton Tho l amount Is II for ms than that I 1 nm glad to lillY aVi am niter ler a II careful compilation o It 1 waa IM opinion of or nil all present at al meet meeting ing thAt a n estimate pf ot his bl holdings would I bo be bout about n bales lalos tho l of cotton cotto to today day hinges tho outcome of ot the failure Should this bi bounds tho creditors will not 1101 tare fare so badly as ns It appear and Mr Bullys hopeful l ws grounded on thin prospect Tho cotton milt mar ket this morning presented R 1 lively live In view of tho Sully trash tR h in III New Ne York which wad wt not announced until this market had closed Tho Jho and balcony gf QC tho exchange WON filled With wm on onlookers lookers ana In 10 the rIng HUB he ho brokers wore until tho bell rang They l r then vent to th pent ul o which existed lcd the opening Th 2 20 9 H i points |