Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1900-09-26
GREAT co1ron COMBINATION.
Proposed Organization Of Planters and 9th
ers In tho South.

The organization or cotton planters,
ginners and bankers in the cotton belt,
has assumed unexpected proportions
and Is spreading with such rapidity
that within few months every cotton
state will be thoroughly organized, 1t is
expected, says q Columbia dispatch of
September % to the New York Sun.
The scheme originated in Georgia this
summer and already that state, Ala
bama and South Carolina are organiz-
ed, while work in the Gulf states and
Texas is being pushed. Harvey 8. Jor-
dan, president Of the Georgia associa-
ton, was delegated to organize the 9TH
Ter states and he is, temporarily at least,
the chief officer in the organization,
and the nature and scope of the work
proposed can best be given In his own
words.
I'VE will secure" he said, "for our
own information and the protection Of
the producers, correct statistics such
as have never been secured before.
This work will begin in early spring.
We will know the acreage and fertiliz-
ers used, and then the condition Of the
crop each week until harvest. This
will be obtained through sub-associa-
tions in every township in every coun-
ty. Under present conditions we can
not tell the size Of one years crop till
the next Is being harvested; but we
will get this information by the first IF
each December. which is the end Of the
ginning season: Every ginner will be-
long to our organization-I have the
names and address of 10000 Of them
in South Carolina, Georgia and Ala
bama-and each Saturday night they
will report on cards furnished the num-
ber Of bales ginned that week.
I'VE propose during this time to as
certain as accurately as possible the
probable consumption Of American cot
ton for the next year and the prices Of
goods. With this information we can
fix fair price for cotton. To make the
buyer give our figures we must be inde-
pendent Of immediate sale; be enabled
to hold the raw material and limit the
supply to urgent demand. It Is here
that our bankers come in, and, thank
God, we Of the South, are now able to
do most of our financiering. Bonded
warehouses are being built by capital
lists all over the organized states; built
on specifications by insurance compa-
MES. they can insure and store cotton
for 2 per cent. per annum, and will ad-
vance money at the rate Of per cent.
The receipt for cotton from a bonded
warehouse, is gilt-edged collateral in
any bank in the country. Independent
planters can hold their cotton at home,
and those who are forced to sell will
find strong market.
Southern cotton mills favor this
plan and it should be acceptable every
where. We have been forcing mills to
buy within few weeks stocks for a
full year. It Is often tnconvenient to
do so; they have to borrow money, and
Of course. they allow for lower mar
ket for their goods and pay less than
cotton Is worth
"Our members will receive weekly re-
ports from headquarters during the
selling season and will have true infor-
nation of the situation as to cotton"
President Jordan went on to say that
the association would begin its work at
the best time, when the crop was short
and the demand must continue high.
He commented on the difference in
price between the raw cotton and the
finished fabric. The farmer buying
thread pays $3.50 for what he sold last
season for cents. Concluding, he
said:
1.-The members Of our association will
be as fully informed as the spinners,
and will be in position intelligently to
market the crop for its true value. The
movement is spreading very rapidly"
The cotton bel will probably be d.
vided into three departments, the South
Atlantic, the Gulf states and Texas,
in order that reports at headquarters
can be received and handled with
greater expedition. Five hundred thou
sand farmers. bankers and gtnners are
expected in the membership.