Pine Bluff daily graphic., 1904-12-11

- cents per bale, if placed in the
bankers possession and safely stored,
whereas the recent abrupt declines
have reduced values at the rate OF
five or ten dollars per bale in les
than a month Will not the bankers
in every cotton center take up this
grave consideration? They should be
he leaders in every community. If
anything is TO be done they must cul-
tiyate the friendship and confidence
Of the cotton grower and let him I'M
derstand that the interests of both
Iare mutually dependent upon their
cooperation. VIII they not advise
their farmer friends that if the cot
TON is safely stored conservative
leans will he made TO tide over this
crisis III the cotton market. Arrange
to carry the unsold portion Of the
crop until next season. The boil Wee
VII and dversification of crops viii
bring about a demand for this sur
plus carried over into next year
Every merchant has on hand over
coats carried over from last year.
which deteriorate much more than
cotton does. because he was not offer
cd a fair price last year. and it paid
him to carry them over and suffer the
costs and deterioration of doing so
rather than dump all his stock OF
overcoats on the market last season
Had all the overcoats in the Worli
been dumped on the market last
winter many poor fellow would
still have gone without one. yet
such dump of overeoats on the mar
ket would have caused oyercoats to
have been sold below cost, and have
ruined the overcoat trade. Will not
our bankers see this and cooperate
with our farmers in carrying the un'
sold portion of the present crop over
into next year? Holding cotton for
a few weeks is worse than not hold
ing it at all Such half-hearted action
is worse than no action After TAX
irg hold of the pioW, my father has
often told me, .'never look back. TO
look back at such 81 time and dump
the accumulati ions of several weeks
on the market is 70 pIow up the see |
already planted, and force the price
of cotton lower than ii would have
been to market each days output
daily. Tie present condition is cri-
sis demanding heroic acton on tn"
part Of bankers and farmers. They
should be the closest allies They
need each other and must draw near
t. Zach other if they would better
their own condition and hat of the
cotton states and territories to the
full measure OF their ability TO bet
ter it.
Let every banker who reads this
suggestion call by telephone the edi-
tor of his weekly newspaper and tell
him to write an editorial stating that
$50. 90 or such amount as he is willing
to loan on each bale of cotton which
the farmer will safely store at six
per cent interest. or such rate as he
* willing to name The weekly news
PAPER man will write the editorial
cheerfully, and it will reach the far
mer through trusted channel
and will be worth to the nnso!d
portion of the crop millions CT
dollars 10 the farmers organlza-
tons above named which have appeal
ed TO the farmers. The farmers have
ALWAYS been ready The trouble is
clear. They have oeen aakei TO
make bricks without straw. They have
not as vet learned the lesson that
the bankers are r9ti2 ?nd willing 10
cooperate with them in marketing
their Gotten. Tho bankers on the
other hand have taken no pains TO IN
yite the cotton farmers to becoaae
their customers The two must get
together. There is no nee'' for ihe
farmer to approach his banker
through any other channel than the
frcnt door of the bank The tasmk of
bringing this to the attention of the
farmers and bankers alike has been
assumed by the Business Mems club
and Farmers Institute of Waco, Tex
as. Their joint eommttee is submit
ting to the cotton producers. that is,
to the farmers, merchants and brokers
@. the cotton states and territories
what is known as the Waco Plan
for warehOuseing cotton The presi-
dert of the six banks Of Waco recently
addressed to the president of each
bank in the cotton states and terrific
ries letter asking his opinion of