The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1899-08-09
Mr.. T. j. Eady, Of Atlanta, sends
the Journal the following unique will:
WIN, OF r. J. EADY.

@fs. w lIO sOC /. y. GAO1.
Being OF sound mi1d and dispos-
Ing memory q know my mindis sound
forI have lately had it examifed) l,
T. j. Eady, will and bequeath to the
ten cotton States over one hundred
million dollars each year for the next
twenty years out Of the good reserve
of the English government, and l
appoint the ten governors of said
States as executors and administra-
tors to execute and carry out as here
matter set forth for the benefit Of the
said States and The people thereof for
school purposes, etc.
First, let each Of the ten governors
Of these States appoint three commits
sioners to represent them, and these
thirty commissioners meet and formu-
late this plan which will make all the
people happy. Let-each State pay the
farmer seven cents per pound for all
the middling cotton raised. Let each
State sell this cotton at nine cents per
pound !; by this arrangement they
make ten dollars per bale profit. Now,
suppose they make ten million bales
and they cannot sell over nine million.
bales, then there is 10 per cent to be
destroyed. Suppose Georgia raises
one million bales and she is called on
to destroy ten per cent; she would
burn ap one hundred thousand bales
which would cost her three and half
million dollars. While on her million
bales she would have made ten dollars
per bale OF ten million dollars, so she
would still have left over six million
dollars prolific run her schools and
State government. By this arrange
ment the whole business is in the
hands Of thirty commissioners, and
the other tWenty-seven commissioners
will see that Georgia destroys her
part. So everybody would be bene-
fted, for the farmer knows he will get
seven cents and is happy. The mer-
chant, banker and manufacturer will
pleased, for it takes the speculation
out Of their business. The factory
knows years ahead what his cotton is
going to cost and csn make contracts
ahead for his goods, farmers credit
viii be better for the merchant and
banker will know what he is going to
get for his cotton. This is the only
way the matter can be handled, for
thirty men can regulate the price while
millions Of farmers cannot do 80.
;sSecond, I will give my executors
and administrators few pointers and
suggestions and they can furnish the
rest. Some one might ask how do we
know we could get nine cents? Eng
land has cried for our cotton at $1.OO
per pound. Why not want it now for
ten cents. England can go out Of the
cotton market two weeks in November,
and by doing 80 can sake of FIVE dol
lars per bale or $50, ,0GO: 900 off the
cotton crop as it islnov. Now Eng
land names the price and sakes the
cotton; the other way the States name
the price and England takes the cot
ton. But some one might say trust!
We do not trust them, but England's
gold would come after this cotton, and
she would have to send more than one
hundred million dollars Of it to this
country than she did last year for the
same amount Of cotton.
You ask, how can We pay for this
cotton? All cotton delivered to the
State or their agents before January
1st pay them seven cents per pound,
between January and May, seven and
yone-quarter and after May seven and
tone-half cents. The State would sell
the same way, so all this cotton would
not be put on the market at once, and
factories would suit their wants in
buying. Each State would issue cot
ton certificates to pay for this cotton
in FIVE, ten and twenty dollar certif-
Gates and the banks, merchants and
farmers would help carry it. Certl-
6cates would pass and be as good as
gold, for the States would have cotton
behind each one Of them that call for
England's gold and at our price. BY
this arrangement they say farmers
would make too much cotton. Put
special tax on all corn bought by the
farmer of-say, twenty-five cents per
bushel, like on his mules, so if he
bought three hundred bushels of corn
he paid $1,000 taxes to the State,
which would pay for buring up two
bales Of his cotton. You say it would
cost money to handle this business.
.,1d rot a;fforance hetween