The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1898-02-08

Tx tQo mRFK6G prices, eueC6 ali sales
and control the acreage planted with
cotton from year to year.
The first thing necessary in the for
nation Of the pool, would be money to
be used In organising is. With this
end in view, levy Of say 10 cents per
bale would be made, on every bale OF
cotton raised, and, presuming that the
crop was 10000, 600 bales, (taking last
seasons statistics), this would produce
s., 900, 600. If the levy were 81 per
per bale, the resulting sum would be
$40, 900, 600. It is a question which
could be subse buently decided; / mean
the amount Of the levy. OF course, the
pool would require sufficient, (Ro more
or no less9, to pay its contingence ex-
penses; namely, Cf1ce and warehouse
rents, clerical forces and managers
salaries, and something in the way of
reimbursement to the President and
Board Of Directors, who would require
to meet at stated periods, and also to
carry through the winter months the
small, impecunious planters, with ad
vances in cash upon the cotton they
may be raising, Cinstead Of being COM
PEELED to deal with stores, as at pres
enO. Each cotton growing county in
each State, warehouses would be re-
quired 10 be rented, or, if necessary,
bulls, and in each such centre, the pool
would require to have a representative
or agent, (shoroughly competent to
grade and classify cotton), whose pay
would be adjusted in proportion to the
number Of bales that passed through
his hands during the season.
The cotton crop, when harvested,
would be stored in the pool warehouses,
and rs per cent. of the market price
would be advanced to such as required
cash, or any such percentage as may
be determined upon later, the pool be-
ing empowered to raise all necessary
funds from the banks, giving
them lien on the cotton in storage.
The head Offices of the pool might be,
let US cay, in Atlanta, Georgia, or in
any other town considered more cen
tral All sales of cotton would be
effected through this cfdce only, and
shipments would be made from the
various county warehouses. Each
planter being q member of the pool,
with his name appearing on the pools
ledger, would be credited with the vari-
Gus, quantities and grades OF cotton de-
livered, at the fixed selling price there
of and he would be debited with cash
advances, and also with the fixed
charges Of the pool, which in this ex.
implication, is cent a pound. The
books of the pool would be. balanced
each year, duly audited, and each
member would. be rendered q state
ment of his account.
Now, sir, preauming that the ex-
penses Of the pool are $40, 600, ,OO9 per
annum, it would leave a surplus of
S2sO, 900, 900 for the planters, or, in
other words, their cotton would net
them rs 10 cents per pound. II they
have managed to exist all these years,
getting only starvation prices for their
cotton, imagine what it would mean to
them, If they received cents or cents
per pound, and what difference would
it make to the ultimate consumer of
cotton goods, whether the manufac
turer paid cents or 10 cents for his
raw materieI9 If a man bought suit
of clothes, all cotton, there would not
be more than 4 or pounds of cotton
in the suit, and who would grudge the
difference Of 20 cents or % cents on q
suit of clothes7 am alive to the fact
that the mill men, the cotton brokers,
the cotton merchants, etc., would op
pose this scheme to the death, but
what if they did, when we consider the
vast boom it would be to the whole
Southern section of our country1
Now, sir, am not egotistical enough
to imagine, for one moment, that
have formulated plan to put this
scheme in motion. There are, how.
ever, men peculiarly suited 70 carry
out in detail such scheme es have
outlined, and I believe that every bust
ness man will agree with me that there
is not any insurmountable barrier in
the way, to prevent it's being carried
TO a successful issue, with its concomi
tant blessings, for most deserving
people. If you think of any barriers
or difficulties, after reading this,
shall esteem it a great favor if you will
communicate with
Yours respectfully,
FRED. TURNBULL