Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1905-08-19
ADVICE WILL BE LAW
A New Minimum Price for Cot
ton will be Fixed.

promised proclamation of President
Haryie Jordan Of the Southern Cotton
Association. II was issued last night
and is a forcelul document. 1t pro
poses to fight, meeting force with
force g The s%pinners OF England have
agreed by resolution not to buy cotton
except as actual necessity demands
until the price goes down. Mr.. Jordon
says prices are 0 low enough and
that at the meeting Of the association
on the 9th a new minimum price al
ready fixed is 10 cents per pound 1t
is presumed by the trade that a still
higher price than 10 cents will be seized
upon for the minimum. Mr.. Jordan
points out that the Southern bankers
will furnish The planters all the money
necessary with which to make the fight
and enable him to market his cotton
slowly,
The proclamation in full follows.
Atlanta, Ga, Aug. 1.-THE following
was made public today,
a recent meetingo Of the international
Cotton Spinners held in London, Eng.
land on Aug. /, indicates very clearly
| that the producers are to be bitterly
fought by tine %spinners during the next
| three months AT tie meeting above
referred to foreign spinners were adj
| vised to buy no more cotton for ninety
days except in such cases where the
raw material was absolutely needed.
The effort will be made to depress the
cotton market here by reducing the de-
mand for the raw material as far as
possible in order to break down the
present movement ,of the farmers to
demand fair prices for their staple.
The present plan OF the foreign spin
ners, it now appears, is to crush the
Southern Cotton Association and its
| efforts at the opening OF the fall season
and force the farmers to sacrifice their
| cotton on a depressed market brought
about by combination and concert of
action among the spinners and. bear
spectators. Every imaginable device
known to human ingenuity will be
brought to bear to depress prices dur
| ing the next four months
The Southern Cotton Association will
meet at Ashvlle, &c, Sept G, and
at that time will fix a minimum gprice
on the present crop which will be fair
and just to both the producers and
| spinners, based upon a carefully pre-.
| pared report on the condition Of the
crop up to Aug. rs, and the estimated
percentage of yield, as compared with
1904. When the minimum price for
spot cotton is fixed by the representa-.
tives of the different States on Sept 6
at Ashville, every producer of cotton
in the South will be called upon to
stand by the action Of the association
and force the consuming world To pay
a fair price for the staple There will
be no surplus Of raw cotton from the
crop of 1904, What is left over upcon-
sumed on Sept. ! will be only a small
| reserved stock The mills are now con
Stunning 100000 bales per week, and the
demand for cotton goods is enormous
at high prices. The farmers are in
good financial shape to protect their
! staple, and if money is needed South
ern bankers are amply able and quite
willing to finance the situation.
The producers have just won a nota
Bile victory in tn face of the largest
crop ever produced in this country, and
by concert of action forced prices up
from 6 cents ia January to 10 cents on
July 3, enco lntering each day the most
intense opposition.
The present crop indicates IA short
yield compared with 1904, while the
consumption Of cotton will 90 forward
undated for the next eighteen months.
Present prices for spot cotton are not
high. They represent Ionly a sma
profit to the producers.
If the fight must come it will be for
ced by the spiuners and will be met by
determined ohd effective Opposition on
1.-The part Of the producers. The crop of
1905 must not be sacrificed. Let every
man measure up to the highest stand
ard of Southern manhood and do This
full duty. The mills haue got to haye
| our cotton, and IL they want to stop
buying at present prices we can stop
selling, gand see whose corn crib and
smokehouse will last the longest On
the Aeve of the crisis which threatens
the South the Southern press is earnest
ly called upon to publish this article
and comment upon the same edliorially.
| The farmers all over the South are rap
idly organizing. and the association has
no fear of the final outcome in the strug-
| gle which lies just ahead. Very re
spectfully, HARVlE JORDAN,
Presiyent Southern Cotton Association,
SHOOTING At COOKSvILLE