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

| Is . well wr 'ten srtic.e headed, ITO the
| Allisuce," in which the writer very forcibiy
and plainly portrays the preseot coalition
Of the cotton market, aud gives the surplus
Of cotton now On band. Il ,5OO.OO bales) IS
the incubus that ba, re iueed the price to 81 !
---..--, ...: .,,-.rens to sink the shrinkase to
81 cent, BY September. The writer Gays:
II the South Was ns We Informed aud i'm
pressed with the depressing outlook ofthe cot
ton situstio, IS tbs North is, they would rise
up snd take the means o. prevent the approach
| Of disaster; and il can DO done with no IS,
but actual gain to the planter aud the Pso- |
PIE.
To raise another large crop on top ofthe pre- |
sent huge surplus is simply financial suicide |
| TO the producer rs facts will substsntiste. |
India Brazil, Russia and parts OF Africa ara |
now planting in competition with the South,
and each year oecom' more f'rm'i'bie.
II those interested in the subtreasury |
plan would pause and think they viii see in
ovar-pro iuction and low prices the death
blow /, their hopes Will the government or !
any other capital advance freely on an arti-
Gle that from over production nud accumua-
ton has shrunk 10 such point that II will
he very difficult AMI uncertaia - realize
upon.
The only way out now is through the Far
mer Alliance. Let the thinking power and
strength fih $ organization ASSERT itself and
by DO u and fearless measures place them
selves in the position to dictate the prices
| ~ IN. "n",;~e "rnp to the world, instead OF
r allowing matters to tako the course and
| be obliged 70 sell their c,tton for low prices
, ! and at great loss.
Let tho leaders over the South think and
study over the fearful situation; 1t them
order Is to 20 per cent. of the growing cr,p
q | plowed up and have arrangements mado to
see that n general and a successful rcsu
is assured.
The farm,r does not plant cotton for
scntimsn. or p,stime, but for his livelihoo
| and the money in it. IL it en- be proved
that by each giving up ID or 20 per cent of
his crop, tho remainder will bring him more
> money than The full quantity, he will accept
q aud act in accordance.
Reason shows it is u fact, aud that it can
= be done, but only through the well organized
lines of the Alliance and some corporation
: with the outside planters.
Ii this report Of the crop was abandoned,
!. and the governments report OF July (pub-
. lished in August) should show n decreaSe Of
ID or 70 per cent. in acreage, the prics Of
$ on woul lyanc. cent to IL cent in o
: day on tho report Then the pr.ce would
, place cotton onsc m nsa safe collateral,
and factars aud merchants would not insist
on the crop being pushed in before Novem-
Der.
d Then let the Alliance agree not TO rush in
tso much during September AMI October
>, ard the decrease in receipts would so affect
" the world that the price would DO 10 cents
n Mt their door, aud they would be in position
e TO sell or not ~ COTTON would stand for $50
per bale instead of $25 or $50 as to-day.
Let the farmer mako his own calculations
at 81 c, us it is to-day land rapidly declining)
on the amount he expects to raise then at lOc
y with possibility Of more) on % per cent
IS less and see il the giving up Of 70 per cent
is not money to him. Plant peas and potn-
. toes where the cotton was (they arc both
u worth more now to the acre than cotton)
r and in 1892 the the Farmers Alliance will be
nn independent sub-treasury in itself and
!, the South on q firm financial basis. Ii moth
= ing is done the very reverse Of the case will
l be recorded.
8 Let those that read this think upon it, and
ask their leading men if it he not true. The
opiS kny and slvSuon for the -cetttaap. growers srss
y crop below the actual amount necessary for
lc consumption.
It Let the Alliance take the step. There
can be 10 owl consequences or failure.
Cotton will be m,do king again and the
IS Farmers 8 Al lance with the cry of crop con-
n traction will accomplish the grani result Of
0 independence aud wcslth o: the South and
: unity with the world.
Those arc warning words of truth and
soberness, AMI corro5or,tes what We have
, been advocating, 1. C.. plant les, cotton and
> let the Alliance Control the marketing of the
crop, 81 thIt it shall not be rushsl into
, mary in few weeks
But what sad condition it would have
, placed the owners Of the present 500 900
bales of surplus in, if they had stored it in a
sub-treasury warehouse last December, at
8 cents, and given their notes for 80 per
: ccut of that price With decline of25 per
5 cent in tho price, and the Is per cent e1-
9 penses of storing added, they woull not
8 nave realized cents per lb on their cotton.
$ But worse ahead still: If full crop is
? made this year. another surplus Of 500, 900
= bales will be aided to tho present, making n
total surplus OF 100000 bale, Of Ameri-
It can cotton, snd with an increased supply
: from "Inda, Brazil, Russia, and parts OF
d, Africa this year. we may naturally expect
o the surplus will ran ~ - :!:c onvtu.ouo .
IS figures of from $3.50, 900 to $500 900 bales
II next year.
|. We are not taking our view of the situa-
@ ton from the National standpoint Mt Wash
y ington bat solely from the sectional int tcrcst
;, Of the Southern farmer and planter, me-
c chrnic, lsborer, and al other classes inter
C escl in the welfare Of the South because
% we honestly believe tn Il financial policy
that will assist and encourage the food pro-
ducers of the West and Northwest to store
their products for high prices would be very
q injurious to the cotton producers of the
}. South, and seriously affect the best interests
), Of all wage earning CLASSES in tho country.
When the Southern farmers produce their
Il own food supplies, then the power for any one