The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-08-15

forth the position Of the Cotton Fac
tors and Exporters Association OF Ma
con on the question
The resolution was adopt@t and Is
IS follows:
Mr.. Chairman: Your committee in
submitting It's report, begs leave to
quote as a predicate for IT'S views the
following passage from The Review
OF Reviews of the June number:
Until 1898. when the two great SUI
gar refineries OF Doscher and Arbuckic
Bros. went into operation the trust had
plain sailing. and IL made enormous
profits. Since IL was r~eorganized IL
has paid Z per cent a ear on the $685.
96S. 900 OF preferred stock outstanding
and an average OF 12 per cent on the
same amount OF COMMON stock. or
considerably over 500. 600. 900. Be
sides IL is known To- have an enormous
individual surplus. a part Of which
lover $30.0 0O. 000) Is said 10 be invest
ed in outside enterprises such as the
American Cotton (baling Company
other enterprises"
Il will be noted from the foregoing
that the surplus profits or an enormous
portion OF them (of one OF the most
ruthless monopolies OF the country Is
being used to create another great mo
nopoly. which. IL successful, Will enable
the round bale trus, TO fix the price OF
cotton and practically enslave the
planters OF The south. Therefore
be it
Resolved. That in the struggle TO
prevent a monopoly from using its
millions 10 creae another monopoly
and trust which. IL successful. will de-
stroy property representing an invest
hnent OF millions OF dollars, drive the
cotton factor. buyer and the ginners
out of business. place them in n posi-
ton from which there Is no recourse
or escape: that the interest OF planter.
gfnner, factor and buyer is identical,
and that the law OF self-preservation
demands that they unite and use every
effort TO prevent the encroachments or
such an organization.
Resolved. That W. do not declare
agains- such combinations in business
as viii secure greater profits through
more economical management and at
the same time cheaper their products
for the consumer, but against an at
tempt to destroy vested interests In or
der TO build up a gigantic monopoly.
EQUITY and public policy are against
such an evil and public sentiment will
not tolerate IL.
Resolved. That the American Cotton
Company in its efforts to use the sur
plus profits Of the sugar trust TO con-
troll business Of the south makes an
issue that must be met and defeated
If the people Of the south desire to be
free from the rule OF corporate greed.
A. ~ o~x-ysn nhartarC have al
ready signified their willingness n
already proposes to give in round lots
of one thousand bales SO 1-3 per cent
lower ocean rates when cotton Is
packed in standard bale 24x54 for o
omy in space.
Further resolved, That we deem 1t TO
be the interest of all farmers and gin
nery to conform strictly to the line
of demand Of the Ocean Steamship
Company's so that all can participate
in the great saving TO the cotton grower
that has ever been proposed. And We
unhesitatingly advise all farmers TO
carry their cotton 20 the standard bale
boxes 24x54 and WE would urge n
recommend and emphasize the impor-
lance Of good strong bagging not less
than two pounds 70 the yard. six or
which will envelop ii completely II
make a package which will be more
profitable by virtue of the economy In
space from the time ii leaves the gin
in wagon. in warehouse, railroad cars
or steamships, until it reaches foreign
parts.
The lower the ocean rate of freight
the higher price the exporter can pay
for cotton and consequently the higher
the price 10 the producer. And now
that the exporter may positively know
that they are buying the 24x54 inch
bale we will stamp On every cotton re-
ceipt representing bales Of this dimen-
sion standard bales" so that they may
be readily identified by the exporter
that he may be able to obtain lower
ocean freigfrts.
(SigneD c. B. WTLLINGHAN,
w. A. DAVIS.
F. H. HARDEMAN,
HEARD BROS,
MAYER & WATTS,
BEN JONES.
+ w. II. SNOWDEN,
B. T. ADAMS.
/. B. ENGLISH,
w. B. SWIFT.
MOORE e. HOLMES.
B. B. FORD.
The following executive COMMITTEES
was appointed by the Cotton Factors
and Exporters Association of Macon:
c. B. Willingham. chairman; /. b.
English, Ben. l.. Jones, B. b. Ford, and
". H. Snowden.
The meeting was a most enthusiastic
n T from appearance it seems
that the association is in a fair way TO
accomplish it's desired end.
The bureau which has beer estab-
fished in the Macon district for h
purpose Of promoting the uniform cot
ton bale is in the hands OF Messrs.
English, Johnson & Co, who have two
travelling men constantly on the road.
working in the interests Of the bureau.
The meeting adjourned subject to