The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-05-11
COTTON MEN FORM
ASSOCIATION,
Sanders, Swami & Co., and Inman &
Co. Among Leading Spirits of
the Movement-Many Names
Have Already Been
Secured.

| The control OF the cotton business Of
| the south will no longer be left to Liver
pool and New York, if the plan now on
| foot is eosummated
An organization is being perfected to
relieve the British of the trouble of tell
| ing the south what it should ask Tor us
cotton and it Is a matter OF only snort
| time when the price Of the soutn's staple
will be fixed nearer home-in Atlanta or
New Orleans, IN fact.
The Southeastern Cotton ,uyers' Asso-
| citation Will soon apply for a charter and
will be incorporated for the purposes out
lined above.
A meeting Of a number of the leading
cotton firms In the south was held yes
terdAy at noon in the convention hall OF
| the Piedmont hotel. with G. A. Nichol-
son, of the Maddox Rucker Banking Com
pany i'll the chair and Mr.. Chesey B.
Howard, Jr., setting as secretary. and at
this meeting il was determined to incor-
porate the Southeastern Cotton Buyers
( Association and TO take immediate steps
to induce all the other firms in this ter
rtory IN the cotton business to form
similar organizations with view to the
absolute control of the cotton business
here at home
This association was organized nearly
two years since, but has never taken Wig
orous action looking to the end that is to
be pursued now. Sanders, Swami & Co.
and Inman &, Co. are among the leading
spirits in the new movement, and they
are backed by a strong list Of other
cotton men.
The Plan Outlined.
1t Is the intention of these leaders OF
the cotton market to take the necessary
steps az once to cause every state In the
cotton belt to form similar associa tons,
with central body located either in At
lanta or in New Orleans, to absolutely
take charge of the cotton business in the
interests of the people who raise the
staple and for the protection of buyers in
this territory
1t is an old story that Liverpool Man
chester and New York get all the profit
there is in the cotton industry. This cry
has gone up for generations, and the peo-
pie OF the south have borne the unjust
buroen patiently They have gone on
year after year raising the cotton that
supplied the world with clothing, and
have been accepting in payment for their
a Dor and expense whatever the financial
interests Oh tue olu WOTIu thought III "
let them have.
The best methods of getting the cot
ton up i'll more merchantable shape also
came in for a share Of the discussion. 1t
was not recommended that round bales he
used but was suggested that less bag
ging and ties be used wherever prac-
ticable.
4 committee was appointed TO attend
the meeting of the South Cotton Spin
ners' Association. which Will take place
at Charlotte, n. c., on May II, for the
purpose OF arranging standard TO be
used in the business done between the
buyers and mills In the south. Hereto
fore with the exception of the mills in
South Carolina, there has been more or
less confusion resulting from uncertain
dealings of the buyers with the mills. 1t
is the idea Of the buyers 10 arrange
regular standard, so that when a dealer
sells cotton to a mill In the association
he viii know exactly on what terms it IS
bought-cash. time discount shrinkage,
gain ami SO forth
Up 10 the present time the south has
had little voice in this All prices. rules
and such have been made either in New
York or in Liverpool This is the be-
ginning of the change that will work Won
ders for this section and the people en-
gagged In the cotton business. The south
will take charge of the cotton industry.
both at the physical and ct the financial
end.