The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-11-26
CORNERING COTTON.
NIX. RODDEY'S PAN FOR THE PRO
DUCER TO DO THIS.
An Important MeetinE-A Plan TO Form "a
Cotton Syndicate Among the Producers
Fully Observation-Disclosures Cotton News.

A meeting of cotton men held at the
Kimball house Wednesday afternoon recon-
mended Mr.. j. II. Roddeys plan for con-
trolling the price of cotton by the forma-
ton of a trust
This action however. was taken only as
individuals, and opposed by some OF
those present This opposition was from no
absolute hostility To Mr.. Roddey's scheme,
but was due to the fact that the idea was
new and had not been fully investigated.
Following this recommendation there was
appointed committee of three, consist
ing of John T. Roddcy, chairman: II. ).
Iipscomb, of South Carolina, and j. II.
Nunnally of eCforgia, 10 cali county and
state conventions to elect delegates. one
from each congressional district and one at
large, 10 an Interstate convention.
There We're about fifty present at the
meeting. among whom were Commissioner
OF Agriculture Of Alabama Hector d. Lane,
Commissioner Il. r. NeSbitt, of Georgia; w.
l.. Roddcy, Rock Hin, s. c.; !. :. Bialock,
Laurens 5. c; j. /. Duncan, Newberry. s.
G.; Representative j. II. McElmurray,
Waynesboro, Ga; II. $. Lipscomb, Spar
tauburg, 5 c.; John Bostwick, Morgan
county, Georgia; J. j. Moore Rock Till,
$. c.; W. J. Moore. Abbevile, 5 G; }. L.
Black Monroe, Ga; l.. \. Moore, York
county, South Carolina, and Representative
j. =. Brown. of Pulaski county.
Commissioner Lane, Of Alabama, was made
chairman of the meeting and Mr.. j. T. Dun
can secretary.
Commissioner Lane, on taking the chair,
made an interesting address heartily en-
d0rSing q plan that would control the price
of cotton. lie thought that the time for ac-
ton in the matter was at hand and beltVed
that concerted and well organized EFFORT
on the part OF the farmers would hrlnS
about the desired result.
Mr. j. +. ROddey, who is a South Caro-
iirian, doing a cotton brokerage business
i'm New York was called upon ami outlined
the details of his plans 70 the meeting.
Mr.. Boddey is an interesting talker, and
his enthusiasm evidenced a. deep interest
iu the work ne has undertaken.
He prefaced his remarks by showing the
way cotton values are manipulated by spec
ulators and their system of robbng the
producer of his legitimate profits
ITS all "a mistake about our production
being the cause Of loW-priced cotton. It's
because the crop is manipulated by specuia-
tors Now. my idea Is to make the CROP
control the price This can be done by
forming a gigantic combination or company
with Il capital of So0oo0U or slO0Wa~j.
10 form this company / would suggest that
the producers contribute one bale of cotton
out OF every five they Iaale. I'm this way
the stock can be subscribed and the pro
duDer will not be out % dollar
TINS seems absurd, but say that i'm
crop Of 5000 900 for every five bales a far
mer grows n take stock to the extent Of
one bale. That would leave a crop Of 6.4ol,-
600 To De marketed. the i.600oO being set
aside as capital stock FOR the company and
taken out Of the available supply. New I
verify believe that Gi00.Oal bales of cotton
viii bring i'm value fully ass much ass 5000
oo-tha difference which has gone To specu-
lators and manufacturers viii be set aside
for the producer in stock the first year.
In case of a crop failure he has his stock
in tb. company to fan back en-. and the
conpauv can SCH part on all their cotton
uroyided Tho price is hign enough but in
IS, ,,.. rsrI,,i. tEa market 10 be Hooded
,itb .,ttap
up, ,,,rr,..r mo es,stano Of oneratione it
,..,,,.d H.. aGy.+ai,rs a. have, the sins i'm each
y ,..,t.. 1ist.d 3-,I III. number. of bales gin
nod ,.norttd TO the general Office. Ii pos
silfe il would be a good idea 10 control the
.ipe ~ cotton then comes i'm TOO freely
- ,.o,id notify. tho siuners and have them
.,,snand operations until the demand in
crossed
"Many farmers would probably he willing
far thc trust to handle more than ONE bale
ont Of every five. as YOU will soc from
i,tta. the Hatcher Manufacturing Com
- 80 ,,ol,n,lue GA offers 10 subscribe
~ ~ tl,. sf.,,t
wv n'lc' az Wv 49,. .,.,,t, d.. ,-..,.+
9TH" affairs ol the trust Nolid bc hVIL
as secret a.. possible from the spectators
,rl ttr,,iah mn, branch offices i'm an the
a.. ,,ft.u bsIr we
youi'.'7 IN .b-ri1f" ro.ss.s,;icu
f. ....,,l...,.,i,,., m. sttt.
gu sun i"1 ' ''r
OF me crop al an pe.l"o> ., l'i, wv, ,.......
me COTTON cum ''''' "'
aIl'I po'"9 ",'i ',le1 w. -,
TRUST =" 80, N'"'''s'
insured SF"aed dua Nti7''" ana S'"0N -
the amount contributed si'tH 70 lH1 P'"-
Queer
MY pan would ne 10 nave warehouses;
at every general fecelVihS point. THESE
could either ae purchased ready pul't az q