The Brandon news. (Brandon, Miss.) 1892-1961, 1904-12-22
Burn 1,OOO,O ,OOOBales
And Pot the Price Back Ten Cents Higher Says William
c. Whitner Of Rock HILL S. c.
To Southern Farmers:

To Southern Farmers:
Last year the south raised crop
of only ten million bales of cotton and
the price went to II cents. The cot.
ton world Immediately set up a ca
lamity howl, and said the south must
grow more cotton. 1t wac repeatedly
stated by men we'll posted in the bust.
ness, that crop of twelve million
bales was actually needed by the
great cotton spinning industry, and
that the farmers would get 10 cents
for such crop.
Believing that 10 cent cotton had
come to stay, the southern farmers
went work in good faith and raised a
crop sufficient to meet the increased
demands. immediately upon its
being reported by the census bureau
that such a crop was assured, the
price rapidly declined to 1-2 cents.
In fact the decline from 10 cents to
present low prices, followed the gov
ernment's report so quickly that we
feel assured it must have been
brought about by some powerful agen-
cy. The commercial papers printed
in New York disclose the fact beyond
all doubt that this agency is nothing
more or less than a clique of men op-
Grating on the New York cotton ex-
change, commonly called "BEARS. "
Ever since the government reported
last spring that an increased acreage
had been planted in cotton, these men
have been working Systematically to
bring about a decline in the Price.
1t has been reported by the papers
that they have made n illions of dol.
lars by their successful aids.
do not belieTe any bne can give
one good reason why ii is set of men
living in New York city should fix
the price of cotton, but we all know
that they do fix the price. for when
we take our cotton to market it is
familiar saying of the local buyers,
We'll, can't give as much today
as was paying yesterday; New
York is off quarter this morning.,
And SO our local buyers are guided
entirely by what the New York crowd
dictate. We we'll know that these
men do not grow cotton, neither do
they manufacture it, and they fix the
price simply because we disorganized
farmers are such fools az to allow it.
They openly boast that we are
fools, and upon that assumption
they operate and make millions
of dollars every year. Just think of
it; they grow not, neither do they
spin, yet they wear the very best
clothes and dine daily at Delmonico's
on the choicest foods the world affords,
and the growers of cotton pay the
bills.
That this is true you can easily
learn for yourself by reading the COM
mercial papers, in which are printed
daily report Of how business is trans
acted on the New York cotton ex.
change. These papers even go SO far
as to report the opinions of the differ
ent members on the exchange. The
following clippings are fair specimens
OF what you find in these papers:
1.-The bears are very confident.
William Mitchell still talks 6 Ia
CENTS
1.-The south will be able to do
nothing but talk, the bears insist -
1.-The perfect organization of the
bears tells when it comes to critical
point. The system is work 'ng as
perfectly today as it ever did in the
history of the cotton Market
I'VE will teach the south that it is
not yet rich enough to run the cotton
market" was the way one broker ex-
pressed it.
''It was the same old crowd that
sold most Of the cotton. It sold
before the ginners' report, and it sold
after the ginners' report"
Price was heavy seller both.