The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1904-08-09
COTTON GROWERS MEETING LAST WEEK.

called by Mr.. T. B. Parker to be held in connec-
ton with the Farmers State Convention last
Tuesday, was attended by a large number of in
terested farmers. Col. Benehan Cameron pre-
sided over the meeting. Unfortunately Judge
Eugene Williams, of Texas, who had expected to
attend the meeting, and explain the Waco plan
of organization, was unable to be present. The
convention, however, discussed and endorsed this
Waco plan which is in brief as follows:
"It is here proposed to organize a corporation.
whose capital stock in shares of ten dollars each
shall be placed in the hands of the farmers, mer-
chants, bankers and business men generally
throughout the cotton growing States and Ter
ritories. The idea is to call upon secretaries of
farmers organizations and business mems clubs
and associations in counties where they exist, and
upon the leading farmers, bankers, merchants,
county officers, and especially school teachers and
other enterprising citizens to volunteer and cause
others to volunteer to canvass their respective
counties, cities and neighborhoods for subscrib-
tions to ten dollar shares of the capital stock of
such corporation, these solicitors to be we'll paid
for their services.
GAS soon as sufficient subscriptions have been
paid in, stockholders meetings of subscribers of
each county will be held at the respective county
seats, to be called through the press, to elect a
proxy to vote the stock of such subscribers in his
county at an interstate meeting of such proxies
to be held at New Orleans, La, as early as prac
ticable. These proxies should be the best men of
their respective counties, to be selected for their
business capacity, fitness, and deep interest in
the cotton growing industry, whether farmers,
bankers, merchants, or men of other vocations,
being a secondary consideration. This inter
/ State meeting at New Orleans will deliberate up
4n the best method of accomplishing their one
lgreat purpose. The chief and probably only pos
Z tive action to be taken at New Orleans would
doubtless be the selection of a board of directors
approximately one from each cotton growing
State and Territory, to organize such corporation
and manage its affairs for the first year. The sue
cess of the whole enterprise would depend upon
the wisdom displayed in the selection of these
directors, for to them would be committed the
labor and responsibility of working out the details
of the system"
After considerable discussion, the Convention
decided to endorse formally this Texas plan, and
to this end the following resolutions introduced
by Mr.. T. B. Parker, we're adopted:
Be it resolved by this Convention of North Car
DINA cotton growers:
1. That an imperative necessity exists for such
warehousing of cotton to the end that the crop
may remain under the control of the farmers,
merchants, bankers and others producing it, until
demand therefor arises by spinners for actual
consumption.
2. That such control would lessen, if not alto
gether suppress, the vice of gambling in futures,
now conducted under the false mask of legitimate
trade, a vice destructive to the well being alike
of producers and consumers of cotton.
3. That warehousing all or even a portion of
the crop not in immediate demand would cause
that portion actually offered to bring a higher
price, yet not higher than it's fair value, whilst