The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-01-07
Farmers May Postpone
Paying Fertilizer
Bills.
Letter From President Samuel T. Nor
gan Agreeing That the Virginia.
Carolina Chemical Company
viii Not Press Collections.


part of a great many farmers and
merchants to hold their cotton. Mr..
Samuel T. Morgan. president of the
Virginia Carolina Chemical Co.. writes
that the company has had many an
plications to mold up collections for
fertilize bills. In response to the re-
quest Mr.. Morgan has written the fol-
lowing letter:
January 9Th. 1895. I
TO the Dawson sales Managers.
Virginia. carolina ChemIcal Co.,
Gentlemen:
me treasurer of this company IS
having SO many requests to eXtenu the
totvS Oh some OF our customers and
patrons. VINO have not finished pay
iig lnem Daus. anu VINO desire TO ho1d
tneIr cotton. StaunC tnat they ueIleve
lney VIII get more Tor their cotton
Iater on. that this company mas con-
cIuaed TO Issue a general letter on the
SUBJECT, as Ioiiows:
ANY farmer or merchant who may
be owing your Division money and Who
has cotton which he desires to hold.
YOU are at liberty to extend ms note
Tor HIM Tor SIX months from January
list. with interest at the rate OF SIX
per cent. per annum. provided he VIII
deposit sufnclent cotton To pay the
note In any rei-able warehouse. and
VIII turn over to YOU warehouse re-
ceipts for same. You are authorized
10 pay the insurance on SAID cotton
ana make no charge against your
customer for this item.
We do not pretend to offer advice to
ourkcustomers to hold COTTON, Du. We
do intend to offer them every facility
and accommodation III our power TO
noid their cotton ii in their good
is.h aSt -
10 the .beneit of the agricultural class
es IN the South is to our beneht: our.
interest is Identical with theirs. we
are more closely and intimately con-
nected with the cotton grower OF :ne
South than any dozen other concerns
combined. 1ney are our customers
in the purchase of fertilizers and we
are tneIr customers IN the puchase OF
cotton seed. We both sell and puy Of
them and deal in every cotton grow
ing county from Texas to Nirgini1.
Therefore. everything that will i'm
prove the agricultural conditions OF
help the farmer must necessarily ben
eht US. and II hold ng their cotton
will be n benefit to theme it is our
desire to aid them in this as far DIS
we can.
Other farm products. aside from
cotton, appear to us to be selling DIT
very full values. and we believe IL
would be wise in the farmers to sell
any of their other surplus farm pro-
ducts. which would materially ain
them in holding their cotton.
We are also of the opinion that the
acreage last year devoted to cotton was
TOO large. and that it never could nave
been cultivated in normal se,tSGh..
The good weather during the
enabled the farmers to cultivate every
acre they planted: consequently the
t,,r hlc 4 G
ordinarily it would be Impossible 20
cultivate such a. enormous acreage
we believe it would be wise IL them
this year to materially decrease the
acreage. If it We're decreased ten per
cent. II would mean reduction OF
more than a million bales next year,
even ii the crop Welded as much per
acre as it does this year.
II strikes us that what the farmer
wants is to make his cotton at the
lowest possible cost. The profit de-
rived from growing cotton is not so
much tile price of cotton as the cost
at which the CROP has been grown
Mules and horses are high.-much
higher than few years ago: the price
of farm labor is high and scarce.
Therefore every acre cultivated means
large expenditure. 1t costs more
to cultivate an acre of land growing
:. quarter of bale than one growing
a pale In the latter instance tho
plaat soon grows up and shades the
land and consequently the grass does
not grow so readily or luxuriantly.
The cheapest item that can be used
in the production of cotton is CONNER
cial fertilizers. used literally. With
liberal application of fertilizers the
farmers can grow a bale of cotton
wher,. he has heretofore grown half a
bale. and do it with the same cost
of mules aud labor. and the addition
al quantity OF seed will more than pay
for the extra amount teru!iZerS
used. Therefore. encourage your
customers TO reduce their acreage and
TO increase the amount of commercial
fertilizers per acre. believing. as We
do. that this is the way and the on
~ way 70 raise cheap cottosi.
The South must continue to pro-
duce around eleven million bales of
cotton. or they will find in year or
two the balance of the world COM
peting with them in growing this sta
pic. Ind our foreign market largely
supplied frcm sources that now pro-
duce but a liberal quantity.
Wishing for you happy and pros
porous New Year. and also for your
customers and patrons. ! am.
Yours truly
:. r. MORGAN. President
Virginia Carolina Chemical Company.