Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1905-01-04
JORDAN MAKES ANOTHER ADDRESS.


AuuTSsb 10 tDe larmerb Oh tne DOutn
Sentiment 10 changing rapidly in
favor of better market. The con-
tinued refusal of farmers to sell their
cotton upon the present low markets
is beginning to have its effect in the
movement. Port receipts are falling
behind, no cotton is moving at in
terror points. Port receipts are only
being held up by rushing cotton
from the congresses where it was
congested before the heavy drop in
prices before the 3D. of December.
Exporters are only able to complete
their heavy purchases in the interior
before the government bureau sta
tistics were issued. If the spot mar
ket in the interior is tied up for the
next ninety days, and the farmers
determine to reduce the cotton acre
age for 1905, not less than 25 per
cent, this fight will be whipped and
the present hard efforts of the pro-
ducers will be crowned with victory.
All sorts of schemes and devices are
already being manifested by the
"bear" element to continue its con-
troll of the situation. Here are some
of them. Buyers at many interior
points are offering farmers $50 per
bale advances on their cotton with
out interest and agreeing to pay
warehouse charges for the next
ninety days if the farmers will give
them the control of their cotton.
This is a vicious and malicious
scheme concocted by the buyers to
get the cotton in their control.
Every farmer who wants to protect
himself and the South from the ruin
GUS effects of this outrageous propo-
sition is earnestly urged 10 spurn all
such propositions and steadfastly
continue in the control of his cotton.
The exporters will soon be out of
spot cotton and they cannot fill their
contracts with futures. They must
have the spots, and that is now in
the hands of the producers. Hold
tight and don't give any quarter
anywhere along the line.
Mass meetings have been generally
held throughout the South since the
10th instant, and everywhere the
same cheering news comes that the
producers are organizing to hold
their cotton, to reduce the acreage
next year 20 per cent and to curtail
the use of commercial fertilizers,
planting larger acreage in food sup
ply crops. This is the key note to
the situation. Permanent relief
cannot come without reduction in
acreage and heavy curtailment in
production. The "bear" element in
the East does not believe that the
South has the financial strength or
manhood to hold cotton longer than
two or three weeks, and that heavy
break will come by the middle of
January.
IL may not be generally known
among our own people, but carefully
prepared statistics show that three
fourths of all the deposits in Georgia
banks, outside of Atlanta and
Savannah, belong to the credit of
Georgia farmers. Three Il liars out
of every four on deposit farmers
money. What is true of Georgia is
also true of the other cotton States.
Farmers can get all the money
needed from our banks on cotton in
storage.i But l urge farmers to bor-
row as little money as possible.
Economize, do without, and suffer
Inconvenience for few months in
order to prove to the world that the
South can maintain herself in this
fight, and that we can prevent the
Eastern gambler from confscating
our property. Thousands of farmers
can hold their cotton without finan-
cial help. Help one another in this
day of temporary depression. The
whole future of the South is at stake
and we must win or go down in ever