Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-08
10 nnsronn run KING.
sehc,ne 90 cornsr cotton--A Gigantic
Trust proposcd


New York, Dec. IA special from
Worthwhile. =. G., says the farmers OF
York county are at q high pitch of ex-
element over seheme OF John II.
Roddy. u New York cotton broker. to
organize the cotton producis OF the
south into a gigantic trust. Mr.. Roddy
Is a native OF this county. bu, for the
last few years has been doing business
In New York. During the last ten days
he has been here preaching tho pract-
cahility OF his schemes TO his old ac-
quAlutancea and FORMER aasoeiates and
mas eucceeded IN working up Won
urrful degree OF enthusiasm. IN an in
tcIvlcw he said.
The price Of cotton is now controlled
almost absolutely by tho professional
spectators at Liverpool, Now York
anu New Orleans Tho apeountors
handle hundreds OF millions OF bales OF
cotton annually, Their transactions In
imaginary cotton arr 10 vast ns To
make the transactions In real cotton
secondary Importance They have sue
ceednd IN auspondlng laws OF supply
ana demand. The purchase and rate az
hundreds Of milllona Of bales uf imag-
injury cotton tend to nix the price of tho
100000 or l0O00.ODO bales actual cotton
an a nero Incident nnd the result IA a
tremendous disadvantage TO the men
who actually produce the cotton.
Ky proper organlHation the produce
ers OF cotton can, 20 an extent. put a
stop 10 ejaculation. restore the opera
tlon or'<he laws Of supply ana demand
and themselves realize most OF tho
rich profta that arc sucked out OF The
rtv mnterlal-on It's way to the manu-.
f{rtkrers. And the problem OF orgnni-
yAQpi II not 80 difficult aR those who
n.y. not considered the matter might
,ANlpoHoi Throughout the south there
Nre>,rendy enough warehouses 10 store
the Sntre crop These warehouses
were built with proflta mnde out OF
cotton and are sustained by such prof
It's. There nrc six tlmea an many local
buyers ms arc necessary to handle the
crop, and oil get fairly good Incomes.
Ar result OF thorough Organization
we can scoop IN all the private ware
houses for certificates OF stock, ana also
dispense with nve-alXtha ot the local
buyers, This win enable W. To use tho
warehouses; on thr huair Of fam rate
OF Interest and TO save To farmera the
amount now paid 10 the support OF
superfuous lornl huyors
with n large ncr cent OF the cotton
crop absolutely under one management
and control. we Gun lot cotton on the
market only as II " needed. aud II
necessary hold back one.fourth or One
nth OF the crop altogether In case
the mills should Try to freeze 40 out
there would be constantly increasing
demand FOR cotton goods, which would
advance the price, The price or cotton
would follow Cotton " always good
security. and whbn stored IN our ware
hDusea we can borrow for its owners
enough money 10 onahlc them to Keep
going until tho mills would be Wiling
60 pay the price asked. Even " we
should receive no benefits from any
other source. we could certainly uNpcrl-
cnoe a rise In price on account Of the
elimination of the local buyers and the
thousands " other mlddlemen, and the
rise IN price would more than pay NIL
tho expenses OF organization.
~ have received mora than 1000 let
tefa from prominent c0tton producers IN
different sections OF the southorn states
mud with ono accord they promise me
their hearty support. 'Htnrt the ball
they say, and We are with yuu.'"
This county has population " 49,
600 and produces annually 10000 bales
OF cotton. Tho cotton producers have
simply gone Wild over Roddy'H scheme.
They are holding mectings IN every
township and have elected delegates TO
n meeting TO be held In Yorkyilic to-
morrow
Wherever used Dr. Prices Baking