The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-06-26
A 100000 surplu, ON Hand.

n 4oVOVVV SuIpiuS On manu-
In the Charleston World Of Tuesday there 1
is we'll W.T. item article headed, "To the
Alliance" in which the writer very forcibly
and plainly portrays the present coalition
Of the cotton market, aud give, tho surplus
Of cotton now on hand, 100000 bales) as
the incubus that ha, reduced the price to 81
cents, aud threatens to sink the shrinkage to
81 cents by September. The writer says:
II the South was as well Informed aud i'm
pressed with the depressing outlook of,he cot
ton situstion IS this North is, they would rise
up and take the means T. prevent sns approach
Of disaster; and II can be done with no 'ss,
but actual gain to tho planter aud the peo-
pie.
To rsise another large crop on top ofthe pro- |
sent huge surplus is simply financial suicide |
| 10 the producer as facts will substsntiate. |
| India Brazil, Russia and parts Of Africa are
now planting in competition with the South,
and each year become more formidable ).
If those interested in the sub.treasury
plan would pause and think they viii see in
| over-production aud low prices the death
| blow u their hopes. Will the government or
any other capital advance freely on al arti-
Gle that from over production aud accumula-
ton has shrunk TO such q point that il will
he very difficult ami uncertaia I, realize
upon.
The only way out now is through the Far.
mer's Alliance. Let the thiukiug power and
strength of,h organization assert itself and
by DO i and fearless measures place them
selves In the po-ition to dictate the prices
{ OF -thA- -aA.AiAe tn the world, instead Of
+ allowing matters to take the course and
DO obliged 10 sell their cotton for low prices
, /; and at great loss.
u. H. Al s-Ir a,,I
study over the fearful situation; 1t them
order Is to 20 per cent. of the growing crop
3 plowed up and have arrangements mado to
see that n general and q successful resu t
, | is assured.
The farmer does not plant cotton for
4 sentiment or p,stme, but for his livelihood
and the money in it, II it en- be proved
that by each giving up 10 or 20 per cent of
his crop, tho remainder will bring him more
. aud act in accordance.
Reason shows it is q fact, aud that it can
q be done, but only through the well organized
lines Of the Alliance and some cooperation
: with the outside planters.
fthis report Of the crop was abandoned,
!. and the governments report OF July (pub-
, lished in August) should show decrease oi
Is or 70 per cent. in acreage, the prics oi
s cotton woul alvanc. l cent to IL cent in Q
udy Ou 'u0 IopVtt' lucu pEiCO "ou'o
n place cotton once m IRE as safe collateral
and factars aud merchants would not insis
on the crop being pushed in before Novem
Der.
d Then let the Alliance agree not to rush il
too much during September AMI October
- and the decrease in receipts would 20 nffec
the world that the pricc would DO 10 cent
n Mt their door, aud they would be in position
10 to sell or not n, COTTON would stand for $5t
| k.lo ,f coz G2A IN
Let the farmer mako his own calculation
at 81 Q, as it is to. day land rapidly declining
on the amount he expects to raise, then at 10
y with possibility of more) on 20 per cen
IS less. and see if the giving up Of 20 per cen
is not money TO him. Plant peas and pota
.. toe, where the cotton was (they are boil
u worth more now to tho acre than cotton
" and in 1892 the the Farmers Alliance will b
an independent sub-treasury in itself ant
=. the South on firm financial basis. II moth
:, log is done the very reverse Of the case will
u be recorded.
Is Let those that read this think upon it, an,
ask their Leading men If II he not true. Th
vrkARlx ksx end sel6aiioar rfqE ths sott0A gS9MsE
no consumption.
st Let the Alliance take the ste liner
can be TO evil consequences failure
Cotton will be m,do king agaiT aud tn
in traction will accomplish the gram result Q
10 Independence aud weslth o: the south an
l. unity with the world.
Those are warning words Of truth an
soberness, an I corroborAts- what We hav
,e been advocating, i. e.. plant less cotton an
). let the Alliance control the marketing of tn
crop, ., tb.t it shall not be rushed int
market in II few weeks.
: But what n sad condition it would hav
"a placed the owners Of the present l,5oO, ,OO
n bales of surplus in, if they had stored it in
sub-treasury warehouse last December, a
cents, and given their notes for 80 pc
3 cent Of that price With decline Of 25 pc
- cent In the price, and the Is per cent e1
70 Penses Of rtoring added, they would no
have realized cents per lb on their cotton
's But worse ahead still Ifa full crop
y made this year. another surplus Of l 500 90
D. bales will be added to tho present, making
total surplus OF 3,000,0 900 bale, Of Ameri
u can cotton, end with an increased suppl
u from "India, Brazil, Russia, and parts O
- Africa this year, We may naturally expec
o the surplus will run up to the enormou
IS figures of from 8,25O.OOo to $500. 900 bale
u next year.
l. We are not taking our view of the situa
% ton from the National standpoint at Wash
y ington, bat solely from the sectional int eres
. OF the Southern farmer aud planter, me
ch'n'c. lsborer, and all other classes inter
. ested in the welfare Of the South becaus,
We honestly believe th't financial policy
that will assist and encourage the food pro
ducees of the West and Northwest to stor,
their products for high prices would be very
. Injurious to the cotton producers Of tn,
). South, aud seriously affect the best Interest,"
!, Of all wage earning CLASSES in the country
r When the Southern farmers produce thei1
own food supplies, then the power for any one
q | To nnnreaa than uuill ho oa,a