The Brandon news. (Brandon, Miss.) 1892-1961, 1905-03-09
SUBTERFUGES
RESORTED TO
IN ORDER TO GET PLANTERS TO
RELEASE COTTON.
ARE HAULING COTTON HOME
Instead Of Offering it for Sale as Re-
ported by kilograms Which Have
Been Released in Different Places.
Preparing for Long Campaign.

ment by President Harvie Jordan, Of
the Southern Cotton Association, the
bear SPECTATORS who are short on
their contracts are resorting to all
sorts Of schemes to make the holders
Of spot cotton turn loose their hold
ings. Mr.. Jordan states that the bears
are knowingly disappearing facts,
and urges upon all the holders Of spot
cotton to continue to hold what cotton
they now have.
The following is what Mr.. Jordan
says:
The bear spectators and exporters
who are short on their contracts are
resorting to all kinds Of devices and
subterfuges to shake the faith of the
holders Of spot cotton and weaken
their determination to hold for higher
prices. One Of the practices now be-
ing daily pressed by the bear element
is to send out telegraphic reports to
make it appear that farmers are free
ly offering their cotton for sale in an
other state. I have just received cop
les of kilograms being distributed in
Texas to the effect that farmers are
offering their cotton freely for sale at
Macon, Ga. Upon investigation I find
that last Saturday the date upon which
such reports were issued, there were
about $4,000 bales of cotton stored in
Macon and only $50 bales sold that
the demand was good and but little
IL no cotton was offered, although
prices in Macon that day for spot cot
ION were So per bale higher than the
same cotton could be delivered in New
York for. This is only one incident
Of hundreds Of like character.
The bear element is resorting to
these subterfuges wilfully and know
lng that the facts are misrepresented.
They know that Texas farmers being
4 thousand miles from Georgia will
aot be able to investigate these state
nents, and that if farmers in one Sec
ion can be made to believe that farm
ers in another section are selling, that
general movement of selling can be
induced, and the present holding
movement broken. Some cotton is be-
ing sold by merchants in Texas and
other states, but farmers generally all
over the south are holding steadfast,
and in no cotton state in the south
are farmers standing together more
loyalty than in Georgia. My urgent
advice and appeal to every farmer is
% pay absolutely no attention what
ever to these private telegraphic re-
ports. They originate in the minds
If your enemies who are moving heav-
IN and earth to break the present de-
termination of farmers to act together
N unity to protect the value of the
south's great money crop from the re-
pacious hand Of the Spectator and
consequent depression. Cotton is not
being turned loose in large lots by
farmers in any section; if it was the
press Of the whole country would be
1eluged with the facts by the export
srs, who are short, and the specula-
sors.
Farmers Hauling Cotton Home.
Instead Of selling cotton, am daily
IN receipt of letters giving me the in
formation that farmers are hauling
their cotton home from town ware
houses and getting ready to prepare
Cor long campaign of holding if nee
sssary. Instead Of hauling guano as
shey were busily engaged at this time
year ago, the cotton producers of
the south are hauling their cotton
back home and preparing to heavily
curtail the cotton acreage for 1905,
and to keep the acreage curtailed so
long as prices remain below the cost
Of production. It is also being re-
ported to me that some warehouse
men are lending out their customers
cotton to exporters who are otherwise
unable to fill their contracts at present
prices. This is breach Of trust and
[ warn all owners Of. cotton to see that
sotton shipped to ware house men is
now in stock or force such warehouse
men to stand the consequences which
follow a prosecution for breach Of
trust. Cotton is also being sold in some
sections on partial contracts, receiv-
ing present priceS and promises to pay
any additional advance in the market
later on. Some mills are also buy
ing cotton on the same terms in local
communities All such trades should
Robbers Wreck Bank.