The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-17
JOHN =. RoDDEY's PLAN
For Getting II Dettcr Price For the
sOutb's Great CROP.

~ NSt'ihE Il bettcr Price For the
sOutb's Great Crop.
Under the date of Dec. Is. Mr.. John T.
Roddey Of New York sends the following
letter to the Morning News. copy of the
letter having been sent to the Atlanta cot
ton growers convention:
New York Dec. 11.-Southern Cotton
Planters Convention, Atlanta, Ca: cen
tlemen-Allow me to express nv repret
that urgent business engagements prevent
my attendance upon your convention. |
am in hearty sympathy with every move
ment having for its object the betterment
OF the south's condition, and believe mat
nothing but good can result from your
generations Ia crisis so grave as the
present, the attitude Of every patriotic
southerner should be that Of judicial cain.
Petty Jealousy unjust suspicion and per
sonel recrlmination should have no play
where great Interests are at stake All
should unite in a common cause, and for
common object. Only the shallow on
timist can be blind to the desperate situa-
ton, only the hopeless pessimist can see
the Diackness Of despair. Out of the dark
ness shines a ray of hope, and. driven to
desperation, men are aroused to the ne
cessity of action
The conviction ! expressed q few years
ago that financial organization Of the cot
ton growers Of the south was a possibility
mas found Judgement in the minds of Sc
rlous thinkers. The repetition Of the sug-
geston this year has but added to It's
force. Men of the south are thinking
talking, beginning to act and unite i'm the
common cause. To obtain a legitimate
price for the cotton crop is an effect Sc
cured by the operation of many causes
Every legitimate effort to secure this end
is good, and God speed the efforts of every
Luz fi..I,T,
ing in This cause.
As you know, much Of my
time and thought has been
gwen to the formation of a plan of finan-
cial organization which has in view the
regulation Of the sale of the cotton grown
by its stockholders and others, the estab-
fishing Of a bureau of information, and
the representations in the leading markets
Of the world of the cotton producers of
the south, in the shape of a powerful
financial organization, owned and control
led by Themselves and having for its sole
object their interest.
The word trust name commonly APP
piled 70 large corporations, and TO which
great odium attaches. would be a rnisno-
mer applied to the organization proposed.
A trust benefits the few at the expense Of
the many. our organization aims to Sc
cure the greatest good TO the greatest
number and Is a union OF great num-
Der of small interests for protection
against the crushing force of larger op-
posing interests. War waged for the pur-
pose Of dominion and aggression is uni
yersally condemned; war waged for the
protection Of the weak against the strong
for liberty against slavery, is morally right
and has universally commanded the ad-
mration OF the world
The name suggested for this organiza-
ton is the Southern Cotton Planters
Union. It is believed that a capital Of
100000 viii be sufficient TO carry out the
purpose of the organization. the right TO
commence business, however, would be
given before the full amount has been sub
scribed and paid in Shares to be Of the
denomination of $ each, so that farmers