The herald and news. [volume] (Newberry S.C.) 1903-1937, 1905-10-31

businesslike There is no fault to be
found with the resolutions and the ap-
peals. They are good in their placs
and serve a purpose. But they dc
not tell how many bales will be held
for eleven cents, and that is just what
must be known to make this move
ment succeed. Can this be known:
Can enough bales be secured and
pledged to insure the price demand
ed? Yes, if clear-cut, practical, eco
nomical plan can be devised that will
appeal to large number of growers
because of its simplicity, security and
strength. Is such plan possible?
Yes, three great facts which should
never be lost sight of make such a
plan not only possible but feasible.
Now for the three great facts. First,
for all practical purposes the south
enjoys and will continue to enjoy
monopoly in the production of COT
ton. Second, cotton at twelve cents
per pound cannot be displaced by
flax, wool or silk, its only substitutes
and rivals. Third, cotton is not quick
ly perishable, but can be KEEP for
years in good condition and that with
out expensive housing. These facts
translated mean that the cotton grow
ers of the south furnish the worlds
supply of cotton, that the world can
and will pay at least twelve cents per
pound for all it needs unless the cot
ton growers choose to sell for less and
that if the world is unwilling or unable
to take all the south grows in a given
year she can keep it until the next
year and get her price. 1t is not lost
simply because il is not sold the year
it is made. All speculation proceeds
upon the theory that when a bale of
cotton is made it will be sold the same
year. ,.
''The plan made possible by these
facts in rough outline is this:
"Let the cotton growers deed in
trust definite number of bales to be
sold for not less than a fixed price
per pound basis middling. Let there
be, say three trustees, two from the
county in which the deed is made and
one representing the whole south who
shall be trustee of all cotton decided
under this plan. Make it condition
that it shall require the consen'- of
two trustees and the owner of the
cotton before sale can be made. Let
the grower have the keeping of his
cotton, he may keep it at home or
warehouse it. Ler all bids or applica-
tfons for cotton be sent by the local
trustee to the general trustee who
shall tabulate the same and apportion
to the several counties the amount
each is authorized to sell; this of
course will be in proportion to the
cotton held in trust The local trus-
tees will then appontion to the individ-
uals in their counties and notify them
to bring in their cotton on fixed day
if they want to sell. Each grower will
get paid for his cotton the day it is
delivered. The work of the trustees
would be purely clerical. They would
simply collect say rs cents a bale for
expense of handling which would go
into the general treasury to pay sala-
ries. All cotton held in trust at the
close Of the season would be carried
over and sold the next year before any
new cotton was offered
'<In trying to put such plan as this
into operation the deeds of trust
should be so drawn that they would
not go into effect until fixed number
Of bales had been decided and a time
limit should be fixed in which to Sc
cure the required number. The details
of such plan would work themselves
out in due time Some such plan as
this would effectually withdraw def
mite number of bales from the mar
ket until the fixed price is reached.
The minimum number of bales to be
placed in trust should be large enough