The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1886-03-04
AT APPEAL TO COTTON PLANTERS.
Let them Unite Together to Protect Them
selves from the Specu1ators.

Let them Unite Together to Protect Them.
| selves from the speculators.
MEMPHIS, Tenn, February &C.
The Interstate Agricultural Conven-
ton, which has been in session at Jack.
son, Tenn, since Wednesday, adjourn
EDIT this evening. The following resolu-
,tioa was adopted, with an amendment
to:include breadstuhs and long products
as well as cotton:
The manipulation by spectators OF
the cottof crop of 1886, which so de-
pressed prices that they have fallen be-
low the actual cost Of production, forces
upon the planters Of the South the
necessity Of relieving themselves, as far
as in their power lies, from the influence
Of so ruinous a system as that which
now controls the chief cxportable pro-
ducts Of the country, and with this end i'll
view the representatives Of the agricul-
tucal interests Of Tennessee. in conven-
II s:--usscnssled = call upon. OH. brother
fplaiiters OF al the Southern States to
protect themselves by united action.
Emboldencd by past success, the specu-
lator has fixed the standard price for the
cotton crop Of lSSG-S1. This. he has
done before the seed las been put in the
ground, or even the ploughs have been
started. Cotton futures for the months
of October, Nobcmbcr and December,
1886, and January. 1887, are to day
quoted in New York at from $40 to
S.S5, according to months. This means
not exceeding 81 cents lor mildling cot
ton in New York, or 81 cents at the
principal shipping ports OF the South,
including such cities as New Orleans:
Charleston, Savannah, Augusta, Mobile.
Galveston and Memphis. Middl!ng cot
ton at these cities selling for 81 cents
means not more than II cents to the
planter, who must pay freight, insur-
ancc and regular commission charges.
which generally average from ! TO |
cent per pound. Now, in view Of these
conditions, so ruinous 10 our interests,
VIC appeal to the Intelligence Of the cot
ton-rowcr. and ask linn can he ray the
expense Of farming and make even 4
bare living by selling cotton at = cents
per pound? The answer is already
given in the negative. The next cues
ton following upon this is: What is the
remedy: We answer: Diversified crops;
plant onc-third less cotton and more
grain and grasses, raise hogs and dllominy.
let cotton be the surplus crop, instead Of
producing six and q half million bales
make only four and a half million bales.
By this mcaus VIC may realize 4 large
price for our labor, and at the same time
live independently ofspcculating sharks
who profit By Our losses. In addition
to this, the Legislatures ofcach Of the
Southern States should be pctilioncd to
make dealings for future delivery. un-
less cotton is actually on hand to sell
and is actually delivered to the contract
ing purchaser, q felony punishable BY
fine and Imprisonment, not less than one
thousand dollars and two years in the
prntcntiary. The time is now pro-
pitious for united action. and we appeal
TO the press oflEc South to AID US i'll our
efforts by giving every publicity 10 this
protest. an appeal which We icrl cannot
but result bcnclicially if prompt i'll ac-
ton and lived up to honestly.