The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-09-23
A GREA- COTTON cor BINATION.
Proposed Organization of Planter, and Others
In the south.

CoLrMBIA. s. C., Sept. ?2.-The organization
Oi cotton planters. gIlncrs and bankers In the
cotton belt has assumed unexpected proportions
and Ia spreading with such raj idity that within
a few months every cotton state will be thor
Oughly organized II is expected. The scheme
originated in Georgia this summer and al
ready thai state. Alabama and South Carolina
nre organized. while work in the Gulf States
and Texas IL beins pushed. Harvey $. Jordln.
President ~ N" Georgia Association. was
delegated 10 organize the other states and he
+. temporarily at least, tho chief officer In the
organization. He has been In this state for
some time per'rCting the organization, and
tie nature and scope Of the work proposed
can best he given In his own words.
We viii secure" he said, FOR our own In
formation and the protection of the producers
correct statistics such IA have never been
secured before. TITS work will begin in early
spring We will know thu acreage and fer
tili2ers used, and then the condition Of the
crop each week till harvest. This will be OBJ
tanned through sub-association in every town
ship In every county. Under present conditions
we cannot tell the size Of one years crop til
the next Is being harvested. but We will get
this Information by the first Of each December.
which is the end Of the ginning season. Every
ginner will belong 70 our orGani2auor-I have
tho names and addresses of 1900 ~ them
in South Carolina. Georgia and Alabama
and each Saturday night they will report on
cnrds furnished the number Of bales ginned
that week.
We propose during this time TO ascertain
a. accurately az possible the probable con-
sumption Of American cotton for the next year
and the prices Of goods. With this lnforma-
ton We can fix a fair price for cotton. To
make the buyer give our figures we must hs
ildcpendent ~ imme date sale; be enabled
to hold the raw material and limit the supply
"a urgent demand. II is here that our bank
ers come In, and. thank God. We Of the South
are noV able 70 do most Of our laundering
Bonded warehouses are being built by carl
taiists all over tho organized States, built on
specifications bv Insurance companies thry
can insure and store cotton for 2 per cent. per
auuum. and IN advance money at the rate Of
4 Ter cent. The receipt for cotton from 4
bonded warehouse IL Eilt-edged collateral In
aly bank In the country. ludapendent planters
can hold their cotton at home. and those who
are forced to sell will End a strong market.
Southern cotton mills favor this plan ard
II should be acceptable every where, We have
been forcing mills TO buy within a few weeks
iont 10 10 an. they have 70 borrow money. and
81 cuuree. thNy allow for lower market for their
goods a. > pay less than the cotton IL worth
"Our member win receive weekly renorts
from headquarters during the selling season
and will have true Information Of the situa-
ton az 10 cotton
President Jordan won't on 10 say that the
association would begin It's work az the best
tl'nc, when the CROP WIS short and the de-
ulnd must continue high. He commented
"a tho diTercnc" in price between the raw
cotton and the finished fabric. The farmer
buying thread pays 81 ~ for what he sold last
season for 9 cents. Concluding ho said:
The members Of our association will he as
fully Informed rs the spinners and will be In
a position iltelligentiy 10 market the crop for
It's true value. The movement Is spreading
very rapidly
IT, cotton belt will probably DO divided
into three departments, the South Atlantic. /
tho Gulr States and Tc1ae In order that re-
ports AZ headquarters can he received and
y ,ndled with greater expedition. Five hun
dred n rusand farmers, bankers and ginners
are expected In the membership.