The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1890-09-19
HOLDING COTTON.

lIOLDING COTTON.
LII our last issue it will be romem.
lcrcl wc,noticed the rapid decline iii
cotton and advised tbs farmers to stop
sailing for awhile to check the decline
and rally prices. We advised all who
could, to hold, and only sell when
Oh iged to do s. to meet obligations
Since TINT local appeared We have
been approached and soundly berated
for want Of consistency, and giving
bad advice to the farmers Want Of
consistency, because in another article
We urged the business mon Of the town
tD build houses for incomers md boom
the town, and then urged the farmers
to hold cotton for better prices. Where
the inconsistency? We fail to see it.
We wero also charged with advising
farmers not to pay their debts. Has
it come 10 this, that when farmer
holds his produce for such price as
will give him aud his family a surplus
after his expenses are paid, that he or
we shall be charged with advising him
to repudiate his debts2 Now our nd
vice was not to this end, and cannot
bo 50 construed. Where, are the
warehouses in the country aud town
for storage Of cotton, and banks to
advance upon same, for the farmer
\ who is obliged to sell? And right
.lics42let ns eay # 'hcy had Sui
5i'rr su,y now whore thaY cculA l2pr
.'rfN.. tNt,,T,.. NM,
rs! iEeratnun. we would $eo 0Qtion
Jun ap llrc'Y in prize. aHd 31ye no
afnr c0'nriallt as IS lo0ge(i against
lis. u iho mcrchNut would meet no
4ioi Now trielas, if nc 'armey
holds his cotton of the market for
two weeks you would SEQ it go back
4nick toE1O cents. Would not this
pay debts faster, and moro ofsthem |?
let us figure II little green cotton
will lose ten lbs per balo by keeping.
Interest OH a bale of cotton for eight
months will be $500, storage and in-
surAnce So 90 for same time. This
makes $500 expenses to hold 400
lbs. bale for 8 months, till May 1st,
at which time the past May it sold
on these streets for III cents. Now
tit brought that the past season with
sucll3a large crop as was made, is it
not iair 70 presume, with increased
consumption and even tho same crop
this year, which We hardly grant,
That cotton next May will sell for 1 II
cents. Ifso, The gain Of II cents on
Il 400 lbs. bale, will be 81 O0--less
$500 expenses, holding same will
give net gain of $500 to III SO oblig.
td to draw upon it MI. Now, the
1nrmer who does not havo this to do,
saves his storage and pcrha;s interest
il his mono" cant be lent, shy $4.00
more, gain, and it vas to this class
'nro especially referred in our ad.
vico, as is seen by reference to that
article. ,
This is a clear statement Of figures
Tint are;not to be doubted. Nov
friends are too ready to kick, instoad
Of coming to the aid Of tho farmer in
building UP the Town AID County.
Mako them able buyers by helping
them TO independence, and the whole
County is doomed, moro goods sold
and moro fortunes made. DO not
kill.th Old Goose
Then again, suppose you do meet
some legitimate delay in collections,
aud rs you say your business is hurt,
whose fault is it, but your own Did
not the action Of the farmers nll over
tho cotton States Inst season proclaim
in thunder tones that they would
hold cotton, and you should have
Earned from that fact to have Leen
prepared for any emergency. But,
Tor ioar Of doing any injury to any
body, with their accustomed conser-
v.tis,h and charity to all, tho farmers
s'ryed notice in the public prints,
from their National Alliance at St.
Louis, and from the State Alliance,
tor all farmers to make their obIiga-
tons mature lato in the year, not car.
licr than Doc. lat, s, they could
hold their cotton for bcttor prices,
without detrimont to any other inter.
esls. Now, after this prudent and
tair notice. II any business man failed
70 keep himself posted as to the &C.
tion of the farmers, and has failed to
make his business arrangements to