The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-17
TEN-CENT COTTON.
plan ny which II IL PrOp0sed "a
Corner the staple OF the south.

: 1
plan ny which II IL Proposed
Corner the staple OF the south.
Special to Globe Democrat.
Atlanta. Ga. November 10.-At Homes
a little town Of less than 1000 populat!os
in Banks county. Ga. scheme has bee
fnaugurated that takes precedence owe
the most daring attempt to corner tn
market over made by Wall street Ma
poleon. SO vast Is the undertaking tina
1t is creating the widest attention in tn
south. and the promoters say that the en-
conragement already given II makes no
only every claim made by the compan!
possible, but actually assures it's success
in its promises to revolut1cnize the cotton
4 industry, AID 10 throw up the price OF thu
4 staIle 10 the .'old-time' lOc standard.
4 A few weeks ago Iahe Ien-Cent Cottor
Company was Incorporated at Homer
| and those not familiar with tine plans
| lo,ssd NIT understand at the time VIVA
| the corporation proposed 10 accomplish
Dew people IN the Soith who saw at ifrs'
only brief mention oil the cSrporauoa
| coaisd reaiixe that the Company mad foi
| It's prime object the cornerlng OF the cot
| ton market those VINO did take the
| trouble to investigate, however, aScer.
| ta,ryed that this was to be only the initial
| step in a scheme SO vast as TO shake the
entire commercial world. should IL be car
ried into successful operation, and since
that time interest has grown ana been
intensified until today hundreds OF farm
ers are cooking In haif-dazed wonder upon
q proposition that looks vague at the iirst
g.4rlce, but In which they are asked TO
place money and confidence. and upon
which many are baIsing their hopes of fu-
ture prosperity.
In talking with the president of this
"Ten-Cest Cotton Company today the
plan was outlined officially, as II IS adj
vertised To the farmers of the cotton
growing States. lie said.
We guarantee that within twelve
months from today cotton will be selling
on the Southern markets at 10c or more
per pound, by the ba.c. Doubtless you
think this impossible, but wat just a mo-
ment. Let us tell you how easily it can
be accomplished. 1t is proposed to take
ton factories that would be necessary to
convert our raw cotton into the much
hgher-priced cotton goods now on the
mal,iets the entire world.
1T Is not the object of this company to
buy cotton, then make it up into cotton
goods and sell II again at profit. but
quite the reverse. We propose to pay tho
cotton producers whatever the cotton
goods are worth. charge absolutely moth
ing above the cost of manufacturing these
goods, yet at the same time absolutely
control the, cotton markets of the world.
and then do so In the Interests of the
farmers who produce the cotton. The fac
tories will not make enc cent OF profit;
neither will the certificates be interest
receive any financial benefit would be the
cotton ratsers and those laborers who
would work In ard around the factories.
1T is the desire of the 'Ten-,,ent Cot
ton Company to sell stock certificates to
the Southern people, especially our cot
ton planters to the amount of 500 900, 900
this vast sum to be divided into shares of
the value of $40 each; these shares to be
divided into fractional parts of one-tenth
OF one share: these fractional parts to be |
worth not less than the par value of the |
whole certificates, in proportions, or 81 |
each.
IAN OF this vast amount of money Is to |
be used in buying cotton at a higher price |
than is now being paid for it. This cotton |
Is |, to remain In this company's hands until |
higher prices prevail; or untn this COM
pany can arrange machines to convert |
this cotton into cloth, then to be sold to |
the retail trade at cost OF the cotton, plus |
cloth goods.
We propose to have agents at every
aot ton buying center throughout the en-
!. IRE 1er; southern States, on salaries. these
agents 10 buy from farmers direct there
by saving millions upon millions of dol
airs FOR the farmers that have heretofore
oeei losing on account of this purchasers
orSnt. Again, we can save millions of dol |
ars That TOW so out of the pockets of |
our farmers to pay railroad charges for
IA, our cotton to Northern and East
This is the scheme IN n nutsbeII ho,.n
n a little Georgia town, that pronoses
o accomplish what the most rigantic
nuhopoly IN America would probably hes
tate To undertake.
New York Cotton, Ii
New York. November l6.-The cot,o,
ndrket opened quiet, but firm, at an adj
hnce on aa3 points, lost 2Q13 points of !
ne opening gain, but turned deojdediv |
tinoohg and sharply advanced 76pl2 notnts
WIN the market finally steady The cable
o v"s averaged much better than looked | j
"; soutslern spot markets. were renortaS j
,tobe braccd up and the temperat,re I IN
ne ooutn became threateningly low. with
urop OF 70 TO 30 points AL over the cottnn
gu pre1lcted. At the same time receinta
= me ports fell below estimates Wiz
n IN 9', ,S pointing TO considerable let !
,paa rs .he near future notably at New
ne market was very active. and for tfn
list part strong, with coverin@ a., ono
Ioit snced feature than has been q ~
w ior some time past. Nppa'- 6
New York Dry Goods. s
, Jew YORK, November 16-There is Mi. u
~, ement in the dry goods ,r,orLato
rlces In all l.Ees uf cotton FOODS nna NJ NJ;
,nuils toward a lack of stab'Iitv S. SUI n
~, 80 are anxious to take adyantsg go ~ a
,s irregularities. Still the numhsr ~ O
~. buyers IN the market Is very sma5i =
-, r.,.. 'ns uaue for mail orders is not ~
nd ~ =. opo n 'ohs. The situation in woolen
ere Is not nearly so much irre.,,ia,.!ss q
NJ nv demand, nor Is this stand takan ~
siers; But In cottons the osast,or ~ u
.se Is sim undecided and the m.rtot e q
Tvs Ms many weak places. even on .. has,s n
otbs sbnu, prices row prevailing. Print \,
arket shows no chanre thn apl.r llls tne X,
Eight for beth STABLES IA Tfsi.a'N De- Bt