The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-09-30
To Control the Cotton M,...

| 10 dontroi the Cotton M1rhss
70 the Editor of The Post.
Rockdale. Texas, September ~ a.a1
in your paper some enc giving mia n. j
what the farmers of the South sho.,a
beg to submit plar of mine.
The financial embarrassment /. n
Southern States caused by the yary I
price of cotton this year has imprs.
every citizen of those States win y
necessity of devising some plan nv xs,l
these evils in the future may be nrav.,,
That the South is better adapted 4 I,
culture of cotton than any other cou,,,
IS an Omitted fact. The millions a =,
yet lying waste within our borders I,
which Will some day be put into cutj,,l
ton by reason of the rapid increase /, Il
population and the impossibility q n
ulating cotton acreage unouesticn.uI
shows that the production OF cotton \
never be decreased. So long, therefo,e b
the COTTON growers force upon a starn,61
market their produce, just so long vil p
have a repetition of present couditious +
thsse States.
But 1t seems to me that these facfs I
not preclude the cotton growers from ri
tecting themselves from loss copseovssI
upon the production of cotton In I'm
quantities. When we take into consd.nl
ton that no other country can suppiy "
worlds demand and that the cotton svyl
ing states are wealthy enough BY al
certed action 10 withhold from the marked
OF the world their cotton whenever n
,Yor, III
concldCe that if the cotton growers yusl|
but form an organization whereby AvI
could control the amount put on the mil
ket they would thereby control the pdaI
Now as to the best way to bring abce|
this necessary concert of Sem let r.
say: If all Were united in one vast ~
citation, by means of which they could d
Into the market and take up the crop q
hereinafter suggested. they could By al
binary manipulation common in tfi&I
regulate the price regardless Of the Qulf.|
tity Of production.
This then is the idea that have 81 I'll
solution of the problem, briefly and Will
out elaboration. Let us establish Natoll|
association with a given amount Of ufI
ital stock divided into two classes. Let nj
OF these classes be paid in and pretefrl
This VIII raise sufficient amount
money to begin operation. Let the u
mainder OF the stock be distributed anojI
the several cotton growing States 10 ~
cordance with the quantity of cotton Pc
1mced by each and left among the COTS
growers themselves.
This can be done by. the National asir
citation establishing Hpthe various Sa's
agencies and sub-agehcies. 1t will
means OF these agencies go into the mr
kets and buy from the farmer his collsl
pay, for illustration, at 10 cents per pouni
paying him therefor the then prevsilR
price in cash, and the difference betwed
that price and 10 cents per pound 10 o.
secord stock of the association.
The farmer will get in cash the preyss
Ing market price for his cotton. and
addltion thereto a certain amount Oh Ao
of the association. The association Wy
then own the bulk if not all the coua
at the usual market price and can tneisg
control the price of the worlds supply ~
the farmers, by reason of their owning
stock OF the association, will OWE Y
crop that they have just sold and be UNI
In regulating the price of the same
1t may be asked where the Nationn
ISOLATION will get the money with wss
to carry on such a gigantic scheme, V
answer is, that they have SUFFICE,
amount Of margin by reason of the saN
Its preferred stock and will get the oh...
through ordinary channels in the ~
manner that the large cotton dealers -
get IT,
This association can also establish 3
tories throughout the various States. Ivy
Is no reason why factories should not q
our doors ami consume the principal -
nj tho cotton q hprpn IF nanital COulu ~
be had they would spring up as j.
magic. If this association could nave
support of the cotton growers as ~
it could on account OF It's ceus
Of the cotton market and Its imiheps
ancial power negotiate such hopn'
might be issued by these factories -
'ow rate of interest. and from thv ~, ~
-hus raiseg in connection with nomu 4
;citptions. provide capital enough " Nh.
factories in operation. For illnsus' I,
Tie association by its agent wou n,urg
TO the people of any given co's !, q
You need cotton mill here anu 7 49,
viii organize company and pay
half OF the capital stock and issue pou-
per cent to an amount equivalen. ~
'ther half. we will guarantee lna "A
'onds Will be fioated. proyidSd ". 4.
lct in conjunction with us In ouyiu.s, sia
on. You must act as our agent IL ~, md
'otton as above suggested, or eiss "a
,uy on your account, but place ou' q
Imong the farmers. as above s'nse s,,ta
Jay us for what stock you so use ~ w Am
Thus the association, by beihs WI
With the factories and by reason ~ n
'eing chile to control the price Oh ~ ..st1
material, would also practically
no manufactured article. 49,
The above general outlines seem i..a,
o embrace the only effectual solusa d.
he great economical question NJ"
ronting the Southern people. AZ
Until they come together ID a.,nyt
mined purpose to regulate ana :, ,n s,ytt
heir principal industry, hey WI NJ. Str
'e at the mercy of tn, Woreign shsy y
urers. And the only way thai ~. WI y
omh.ae is in regulating the niAfA'
ot in limiting the production ,sraat
The above is written hastily ana III q
oorly expressed but ! am surs
IDEAS are in the right direction %