The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-08-11

LILO lactofy knows years
ahead what his cotton is going to
cost and can make contracts ahead
for his goods, farmers credit will be
bottor for tho merchant and banker
Will know what he is going to get
ior his cotton. This is the only way
the matter can bo handled, for thirty
men can regulate tho price while
millions Of farmers cannot do so.
Second, | will givo my executors
and administrators fow pointers
"nd suggestions and thoy can furn-
lsh tho rcst. Somo ono might ask
how do wo know wo could got nino
cents? England has cried for our
cotton at 81 per pound. Why not
want 1T now for ton centsp England
can go out of tho cotton market two
weeks in November, and by doing
80 can take Off five dollars por balo
or $o0,o0G,0O0 off tho cotton crop
as 1t is now. Now England names
tho prico and takes tho cotton; the
other way tho State names tho price
and England takes the cotton. But
somo ono might say trust! We do
not trust them, but England's gold
would como after this cotton, and
sho would havo to send moro than
ono hundred million dollars of it to
this country than sho did last your
Tor tho samo amount Of cotton.
"Yon ask how can we pay for this
cotton? All cotton delivered to the
State or thoir agents before January
lst pay thom seven cents per pound,
ootwoon january and May, seven
"nd ono'quartor and aftor May sovon
and ono-half cents. Tho States
would sell tho samo way, so all this
cotton would not bo put on tho mar
kot at once, and factories would suit
their wants in buying: Each State
would ISSUE cotton certificates to pay
Tor this cotton in five, ten and twen-
ty dollar certificates and tho banks.
morchants and farmers would help
carry it. Certificates would pass and
bo rs good rs gold, for tho States
would hnvo cotton bohind each ono
of them that call for England's gold
and at our price. BY this arrange
mont thoy say farmers would make
too much cotton. Put special tax
on all corn bought by tho farmer of
-s"y, Twenty-Five cents per bushol,
llko on his mules, 50 if ho bought
throo hundred bushels of corn he
pald >" taxes ID tho State, which
would pay for burning up two bales
of hls cotton. You say it would cost
money to handle this business.
Georgia would get dilroronco botweon
llvo ccnts and nino conts on ono mil
lion bales, which would bo $50, ,O1O,-
O()O moro to como into tho State and
would roman hero for hor farmers
would got ton millions. Suppose
tho States had to destroy 20 per
cent. or two million bales. Georo,a
would still have throo million to run
her government, for tho school torn
could be Increased to ton months in
tn" year, which would take ono third
OF tho hands out Of tho cotton folds.
But say it only took ono fifth of
them, that would decrease the crop
~ per cent. or two million bales, SO
there would bo no surplus to burn
up. Tho difference between fvo
cents and nino cents is $50 per bale,
which would be S2O,O0O,OO0 year;
in five years tho South would have
ono billion dollars, enough to build
factories to spin every balo of cotton
raised in tho ten States. To make
tho farmers deliver tho cotton to tho
States and not sell to Outsiders, have
evory balo tagged like guano and
have tho tags sold for ton dollars
each, but tho States put tho tags on
tho cotton they buy. The cotton
exported would bring into the Unitod
States over ono hundred million
moro gold, so tho whole country
would be benefited and made richor,
"ThlS IS tho only way the cotton can
be handled to advantage for all tho
people,
w company Of two hundred mil.
lion dollars could be raised in thirty
days to carry ont this plan if it could
be controlled by private parties, but
they cannot do it, but tho States
can, by working togothor, do this,
and then havo laws enacted to moet
and carry it out. If this is done
then tho South will assert it's power
and show to all nations tho gardr n
spot of tho world SO I, this day,
transfer this estate into tho hands of
my executors and administrators and
ask them in tho name of humanity to
make their people rich and happy,
| H. ia with vn,1 will ,,o,, ,o>,a