The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-12-12
ALL ETHER FOR COTTON.
The Growers or tho South viii Meet In Con-
~vrntion to Devise Plans for stopping Denl-
ing In Futures and Regulating Crops.

-
INC 49,. -. a.. ...,"aN",
49,. .,.-.. 80, u.r,,.,,,r s-.,.. ~
u .
ATLANTA u"'' ioo' l. ~ eoh'eh'ioh vi
southern cot'on sro"ers c"heu " meet heio
next TUESDAY VIII pe IL y important ea'h'
erihg Oh us MIN o'er nv :" Il ,oun''s.
Inc coh'ch'ioh h"s u 70 iieo'o "
inc stupon"o"' .n' i'""'
ing anu m"ih'.ins " y
hsasiue 'ss"oo' II. 1858 'npo :. ~ wa, "
gin a fight against the system OIL ie,uro ueai'hs'
Since the close of the civil war tho Southern
,,rr,,r h,s b.., ,,su fferor from tho folly NJ over.
run n"S oeo 80 'o,
production ana from inc practiccs Oh inc price
manipulators of the financial centres. He has
alwnrs dcpended on cotton as hts .money" crop.
n""' -. -. ~.
He might raise other staples in abundance for
home consumption, but.he seldom failed to plant
a heavy acreage of the fieeoy staple for the pnr,
pose OF clearing OH ueots anu MAKING d nhu"ciai
showing for tn" work of the year. The fact that
800 -, ..s-.ssn.t
always exchange Tor legal tender any amount
that he harvested, has led the Southern agricul-
tnrist Iargelv IN ncplcct efforts in other direc.
~ w os.. NJ .nS 4. ~.
tions and to concentrate his energies in the
growing of cotton.
After the lapsc Of n few such seasons cotton
dealers began fully to realize this tendency on
the part of the producer. and as a result COM
oihatiohs nave oeeh torhea "nich eh'rciy con-
troll the market price. The producers 'werc
handicapped in their relations with their pur-
,has,rs Tho d,,,ors bod oil tho edy0ntagos
.na ~ 10, -" .n0 ~ -
which organization and .sharp practice in bust
ness can afford, but the individual farmer was
,s;,h,ut ,rot.ct;on ue couId not b,,d his cro,
si'houU "a .ou'u ~ Aniu nis Ivy
knowledge of the intention of follow growers
md had no insurance hut that Mt the end of
va" H"' Nv o"' N
the season he would nave Il large accumulation
of debts demanding payment and IA barn full Of
cotton, for which there waslittlc demand and for
fact. b have led ~ TO nm cnoTnn5s MATHEMATICIAN
a anS n f farcin o. \ - tb "" ST tnnin o :" Ihc .nip pr et I thua
drivinp nrices TdNo 4" IL n mimimmm that Icnrrs
nri'inS prio T., IL upmm W 10 ,nn nrnd ,na. ic" I,te
n Iorm app a,ion OF ni nnss tnr t y r !" pGTo y ! III tb inc
evils viii be The work Of the convention
r. u u o Snc onte nf Ibe W Snr issu e. ny ~,
rn Ainnneti ne n nmS snt ru,.ops 10 az
Inc GOVERNORS; tnS pfonn u 1t gT1Wfrs anu
bankers GI ahg ~ So ,h = n 9en nohc a ~ ne mas been
0 ii elm by INC a'h hnaha Of Iavofn2ds re-
M pn h Any nnpo;nted dsl a ~ ,bo annro
tion, and nuinberless merchants and bankers
hain, eN renrssanted Wach y. " "'' add rrnnssoII
pe.mg reP pre- me- naS ano. party n ibo sadre;sed
se. i ~ ttei .no " ~ si.uation,
ME- W wh" aft . o"S Sii one co rs ae tri 70 the seriers sh imt
tantion ~ ~ doriSi, a. ~ I'M 40 N 'nu W. W. ~ =,
nn ny ~ ~ u roIisf sonio uehhite ana ehcc'i'e
ms ENC t0r reire r. will bs toror ~ or. TINT tbs
d. 40 MshU ~ ~ Will ~ ny az :, %nn 20 : ~ .nur emo
ae n Ra hsopre sem EHmuinsiy rePr s. hom IN Rrbw =
M VI Wis HIT hs OF M y IL u tne l" ~ hes u th sus smn a
-. - a. "a; L.at
p1 Oh .nose mmon5 ias ACTION SeekS 10 DeheIo.
sale nj retorIna,ionI Int their e. hands are tied !" mill n
they are positive that they have the co.opera'
;roh vi 'neip lct'oms' ~ hls enu tney are tak.
ing an T h IN onc sc,cG..oh OF deiegates
Mnlch / . 9ouhu W secusea lepIcsehtaliNe Bath.
Gr,mg ana a unity od sentiment; EXtensihho I'VE
ppptpprtninmnnt II of " the p Tn%Sr wa the nr ,o tno
est amoitorium IN me city mas Deen engaged.
excursion pa, :. haye I'VE beeh Obtained IN Z WORD.
uNcIy hhmo ons.avIu ~ n succcss U 'he coh-
'enLioh uecn nlushcu away. -
given rise to q multitude Of suggestions re-
earuing the " =. poiicy TO- ne aaopted TO a.,
S naama ms emf of nr . nt ion on E,i one n wnasn contains ~ rnsd tno
incnd y to the convention comes from Mr.. John
~ moaueAj " inah MY WIS iorhneriy u icau'hg
n memher of f Ibe New w"r YorE st nmt + Exc now "
present n noG nioyom M lie Began ~ one .H' on similar IN
lines III 1854, whcn me low price or cotton was
ihe cause Oh snSh uisiIess lhroushomt the south
us iihsese cn nninsI hd baa naruiy E0tIen wen under way
6le, nHt az unnecessary: nc believes that the
r SION OF the mioVeIhGht' ana ms experience OF me
/ i u.s. Few years On IL S.ocK tx fhausa Gnanle'
> than those he advocated q few years ago.
| talked Me reeve frScIyy of the mo Npn proi.ihE rI so EI nfme a and
r INC system whlcn ne PROPOSES placing before II
ne tako' tne position tmat 10 maze 9pposidot
: his Sis own fire. and sr1% OPPOSE e' trust hs 10 tr tnt 'o said T he
tru ioo iIo ~ - ~ u ~ Ing oTRaniHa,iol
8 Hiohs INC iilcoi ~ IN Dig Trusts IN lhe country
+ We must 20 INTO inc ehdertaKing, clearly OF
business principle5; III We i9ok t9r pity o.
/ Spectators of tho North, we are deceiving our
selves: tney cnro morning. Whatever Tor us, ex
a acpt "iat MY Gun linke OUT ol US, anu we mus
9 mght along the same me. "A great many super
nclalS ihl9'inea persons no,n 70 inc luea una
lne price VI cptIon 70 cVMnir1lieu ny the ia"s o
Supply anu ueiiianu. hiie on us iace I'M
PROPOSITION looks eNiuent' never was lhere
y more serious mistake; 70 9aSk ana look up I'M
statistics ana you wili hnd mat almost lnya
O rlnDly u lhrRo crop sells TOT more III the hggre
Il gate IMAM u sIiail one.
It Inc Whole ming Is IN inc hands OF inc Mev
hork hpecuiators. ny traulhs III futures, selllhl
COTTON SNORT, IL Is IN tnelr power 10 bent dow
me price 10 MhaieVer ngures they' may care Z
TX. me world Ii bound TO have cotton, an,
o thcrc IS no reason WHY the prQuucer should no
control the nghres instead OF me speculators.
me plah Is as simple hs anything can WEI
IS De' orgnnize "a olE ssonR COMPANY with share
IS OF the par value OF 20 cach. interest as man
n cotton producers as possible to take stock. The
10 after organization induce tho slockhoidcrs an
l.. other producers to sign contracts which vi
give the company me control OF narketin
y tnelr cotton. On his part, NE producer WI!