The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1894-11-27

YDEy,s rnAN 10 sEcuHn y
myontfouin Atlanta Endorses
san Observation-Disclosures Among

Asfanfn E<nuofHe4
tamATAG ptsonSynntoate Among
,e meeting held in Atlanta last
,k recommended Mr.. J. Il. Roddey's
ansfoc controilipQ the price election,
tion, however, was taken only as indi-
yiduals, and WIS opposed by some OF
those present. This opposition was
from no absolute hostility TO Mr.. Rod
dey's scheme, but was due TO the fact
Shat the Idea vas new aud had not
been fully investigated.
Following hjsrecommendation there
was appointed committee OF three,
consisting sof John =. Roddey, chair
man ID. S. Lipscomb, of South Caro-
lina, and j. Es Nunnally, of Georgia,
TO call county and State conventions to
elect Delegates, one from each Congress
sioual district and one at large, 70 an
Interstate convention.
There we're ADEQUATELY present ht the
meeting, among whom were Commits
sioner of Agriculture OF Alabama Hec-
tor ID. Lane; Commissioner X. Il. Mes
ibitt, of Georgia;gW Nv. ~. Roddey, Rock
Hill, S. CT; u. s.. Blalook, Laurens, S.
c.; j.. II. Duncan, Newberry. S. CT;
Representative McElmurray, Waynes-
boyo, Ca; Ell. s.. Lipscomb, Spartan
iurg, S. c.; John Rostwick, Morgan
,,ounty, Ga; j.. L. Moore, Rock KILL
s.. c.; w. j.. Moore, Abbeville, S. O.;
]. r.. Black, Monroe, Ga; b. N. Moore,
York County, S. Co and Representa-
tive j. +. Brown, Of Pulaski County.
Commissioners Lane, of Alabama,
was made chairman of the meeting
and Mr.. j.. T. Duncan secretary.
Commissioner Lane, on taking the
chair, made an interesting address,
heartily endorsing q plan that would
control the price of cotton. He thought
that the time for action in the matter
was at hand and believed that CON
certed and we'll organized effort on the
part of the farmers would bring about
the desired result.
MIR. j. Il. Roddey, who is a South
Carolinian, doing a cotton brokerage
business in New York, was called up
on and outlined the details OF his plans
to the meeting,
and his enthusiasm evidenced, aIII5ssn
interest In d woFs has undeS2
taKepf1S prefaced his remarks by
owing the way cotton value&s are
manipulated by spectators and their
system of robbihg the producer of his
Legitimate profits.
tits all u mistake about our prOduc-
tion being the cause of low-priced cot
ton. It's because the crop is manipu-
lated by SPECTATORS Now, my idea is
to make the crop control the price.
This can be done by forming q gigantic
combination or company with a capital
of $50, 600, GOO or 800, 900, 600. To form
this company / would suggest that the
producers contribute one bale of cot
ton out of every five they make. In
this way the stock a be subscribed.
and the producer will not be out a dol
lar.
"gThis seems absurd, but say that in
a cropof 100000 for every five bales
a farmer grows he take stock to the
extent of one bale. That would leave
q crop of 6,400, 900 to be marketed, the
1000, go being set aside as capital
stock for the company and taken out of
the available supply. Now verify be-
lieve that 100000 bales of cotton will
bring in value fully as much as S,000,-
000--the difference which has gone to
spectators and manufacturers will he
set aside for the producer in stock the
first year. in case of q crop failure he
has his stock in the company to fall
back on, and the company can sell
part or all their cotton provided the
price is high enough, but in no case
permit the market to be flooded with
cotton.
aTo perfect the system of operations
it would be advisable to have the gins
in each county listed and the number of
bales ginned reported to the general
office. If possible it would be a good
idea to control the gins. If cotton
then comes in too freely we could noti-
fy the ginners and have them suspend
operations until the demand increased.
"Many farmers would probably be
willing fofvsthe trust to handle more
than one bale out of every five, as you
ss-iarse from q letter, the Hatcher
Manufacturing Company, of Columbus,
Ga, offers to subscribe 200 bales at the
start.
"The affairs of the trust would be
kept rs secret as possible from the
spectators and through our branch
offices in all the counties of the cotton
belt we would be in absolute posses
sion OF all facts concerning the state OF
the crop at all periods of the year,
1.-The cotton contributed by the pro-
ducer, after being delivered to the Off
GERS of the trust In each county, would
be stored, Insured, graded and weigh
ed and stock to the amount contributed
given to the producer.
my plan would be to have ware
houses at every general receiving
point. These could either be purchas-
ed ready built at a legitimate price
or arrangements could be made with
warehouse owners to store and insure
at q very low rate. The warehouse
receipts could be made transferable or
bills of exchange could be used.
"Let books of subscription be opened
at every town and city in the South.
In regard to the management of the
company, have one general or head
Office, say in New York, Nesa& Orleans
or Atlanta, with two general directors
from each cotton growing Stat have
one Office In each State, with one di-
rector from each county in that State,
and have sub-ofices in ell the princi-
pal cities and towns in the different
States to control the local cotton, all
to be controlled by the general or head
office.
LET the head Office instruct when
to sell certain lots of cotton or hold
until q certain price is offered. The
farmer, in this way, could moi be forced
to sell his cotto.. Arrange so that in
case o farmer wishes to sell, say ten or
one hundred bales, with so much adj
vanced on it, he might sell or transfer
his warehouse receipts to his credi-
tors"
nMesars1Jathaaftn Alexander g. Co.,
mike an estimate of the present acre.
aoa at 90. 400. 600. Neilps estimate of