The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1897-12-22

for protection against the crushing
force of larger opposing interests
War waged for the purpose of do.
minicn aud aggression is universally
condemned, war waged for the pro-
|tection of the weak against the
strong. for liberty against slavery. is
morally right and has universally
commanded the admiration of the
| world
The name suggested for this organ
tization is the Southern Cotton Plant
l;srs Union tits believed that cap.
|ital stock Of one million dollars will
| be sufficient to carry out the purposes
Iof the organization Theright to COM
mence business, however, would be
given before the full amount has been
subscribed and paid in Sharea TO be
of the denomination of $500 each. SO
that farmers and all others interested
| might become shareholders.
| The management of the company
would be entrused to a board of direc
tors and it ia deemed desirable that
every cotton growing etate should
have representative director on the
board. The handling of the cotton,
the officials selected, their number,
duties aud compensation, is mere
matter of detail and would be de.
ltesmined By the necessities of the
case
The proposed financial organiza-
ton will accomplish the following
objects
First By reason Of the large num-
Der of stockholders scattered over
every township and county in every
cotton growing state, control Of the
sale of sufficient cotton to equal the
visible supply would be secured aud
thus prevent selling futures short.
| No producer would be limited in the
amount he might wish handled
Many well to do farmers realizing
that the company was in better
position to obtain ahigher price, might
market his entire crop In this way,
and this feature alone would make
the company terror to the bears
who babirpally sell thousands of bales
Of cotton short and who do not own
q bale at the time Of sale and
have no intention Of delivering one
I say from personal knowledge and
without fear of successful contradic.
ton that once eliminate the bear ele-
ment in cotton. the creator of artifi-
cial supply, and permit the operation
Of natural supply and demand, ;and
you have at once secured the object
desired and cotton viii bring fair
aud legitimate price.
Second a better price will be So
cured by the individual producer. if
| be has representative in the leading
markets of The world wboee business
lii is to secure the best price for the
product sold Powerful organization
exists among the consumers of cotton.
the producer is alone unprotected.
Financial organization furnishes the
| ueeaed protection
Third a bureau of correct informa.
tion would be sn essential feature Of
the organization. This bureau would
faroish absolutely reliable informa-
tiou and would counteract the effect of
estim a,es furnished ip the interes. of
foreign manufacturers and bear ope-
rato1s by the Eoglishman NeiIl.
Fourth The cotton crop would be
marketed through the instrumentalisy
and inauenoe Of the company 10 q
thoughtful. careful way. 80 as 10 no
case to aood the market With costoo,
aud with this end in view the producer
would be urged and aided to divide bis
obligations through the different moDths
of the year ard not market over half
the crop 10 partioally two moths
without regard to price
Fifth. The position of the southern
farmer with regard to the organization
is peculiar, be hss oil to make and
practically Dotbipe to lose.
By reason If their great numbers q
company with large resources could be
organized at little. personal sacrifice to
the individual Agaio with proper
management the company would not
ooly prove the creates. benefactor to
the sou,h. but make money for It's
stockholders.
In thus presenting the general out
line Of my plan for the protection Of the
southern cotton growers to your con-
! ventioo, desire the same to be consider
ed independent Of my own personality
The mao whose life is governed by the
rule or ruin principle is uu6t to lead or
cooperate IN great caase The men
who are capable CT managing such an
o,ganizatlon can be found. Should
there De Guy mistake in their selection.
their un6:oess would 5000 be proven.