The Pickens sentinel-journal. (Pickens, S.C.) 1903-1906, 1905-01-25
MORGAN SAYS HOLD YOUR COTTON,
Fertilizer Notes win bo Extended and
Cotton Protected.

pany, has wrItie' an oron lettor to
all division sales managers, evil
dencng tie keen ard substantial
interest felt III that organization in
the welfare Of tho farmers and mer-
chants IF the Soith, Tho letter in
part follows:
The treasurer Of this company IL
having so many requests to extend
the notes of some of our customers
and patrons, who have not finished
paying their bills and who desire
to hold their coiton-s,atng that
they h l;evo til y will get more Tor
the cotton latter on, lhuJ this CON.
pany has concluded to lssuo Il
general letter on the suhj"ct as
folluw,:
Any farmer or merchant who
may be owing your division money
and who has cotton which he de-
sires to hold, you are at liberty to
entend his note for him for six
months froL, January I, with iutor-
est at the rate of 6 per cent annum,
provided he will deposit sufficient
cotton to pay the note in any rolf
able warehouse, and will turn
ovor to you warehouse receipts for
same. You are authorized to pay
the Insurance. on said cotton and
make no charge against Your GUS
toner for this item.
We do not pretend to Offer adj
vice to our customers to hold cotton
but we do intend to offer them
every facility and accommodation
in our power to hold their cotton
If in their good iudgementitis is best
Whatever inurcs TO tho benefit OF
the agricultural classes in the
South is to our benefit; oar inter
ests are identical with theirs. We
are more, closely and ultimately
connected with the cotton grow era
Of the South than anv dozen con-
Germs combined. They are our
customers in the purchase Of fer
tlliZers and we are their customers
in the purchase Of cotton seed. We
both sell and buy Of them and deal
in every cotton growing GQugnty
from Virginia to Texas.fThe
fore, anything will improve
the agr.eysllte1Ess3|"ct gs.sssleEs| conditions or help
aS5@o farmer must necessarily bene
fit us, and if holding their cottol
will bo benefit to them, it is oul
desire to aid them in this as [al
as we can.
Other farm products aside from
cotton appear TO us so be selling d
very full values, aud we believe i
would be wise in tho farmers It
soil any of their other surplus fam
products, Which would materially
aid them in holding their cotton
We also are Of the opinion tha
the acreage last year devoted It
cotton was too large and tha
it never could have been cultivated
In q normal iseasnn. Tho goot
weather during tho spring enabled
the farmers to cultivate every acre
they planted: consequently the tre
mendous big crop this year. Al
ordinarily it would DC impossible
to cultivate Such al enormous
acreage, We believe it would be
wise in them this year to materially )
decrease the acreage If 1T was de-
creased ten per cent it would NEAR
o reduction Of moro that Il million
bales next year, even if the crrI
yielded as much per acre an it doe
this year.
1t strikes us that whit the farme
wants Is to make his cotton at tn
lowest possible cost. The prof
derived fr,m growing cotton is ne
SO much the price of cotton as th'
cost at which the crop has boel
grown. Mules and horses are
much higher than few years ago
the price of farm labor is high ano
1t, is scarce. Therefore every acre
cultivated meal.s a large eXpendi-
.ture. It costs more to cultivate
an acre Of land growing 9 gguslEltsell uasllsll
s ! l,lfsity now. other questior
& sacssn be asiaportant to farmers as th,
making Of prices ON their products
and the farmers themselves mus
= efonI ~ IL taoo Il -, ot,n - . I