The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1905-10-18
REQUESTS COTTON
PLANTERS TO STAND PAT
Statm IL Issued by President Of
C. Il L nG Ststfits it.t
Kemata Firm-Figh hit q ON.

President Harvie Jordan, ofthe South.
ern Cotton association, issued 8 state
nIent Friday morning in which he calls
on the planters Of the south to remain
firm In their purpose tQ hold cotton for
the prices named by the association.
Mr.. Jordan states that the fight is on
Ia earnest now and that the next two
weeks will decide the contest between
the '.bears' and the farmers.
In his statement Mr.. Jordan says 1t
is reported that E. 8. Peters OF Calvert,
Texas, former. vice president OF the
association, is advising formers TO sell
their cotton, and that Peters has signed
his name to the circulars az vice pref
dent. Mr.. Jordan states that the pre-
sent depression in the spot market is
unwarrented and unauthorized by any.
one engaged In the legitimate handling
or manu- acture of raw cotton.
The following is the statement OF
President Jordan:
South Must Stand .Firm.
"The fight is now on In earnest and
the south must stand firm for the next
two weeks, or the cause for which we
are fighting will be lost. The present
depression in the spot market is un-
warrented and unauthorized by any.
one engaged in the legitimate handling
or manufacture of raw cotton. The
depression is caused by manipulation
In paper contracts aud the issuance
last Monday Of q bureau report which
was ss much too high on the estimate
OF condition for September, 1905, as the
report for the same date was too low
one wear ago. The statistioians of the
bureau add TO or deduct from the re-
ports of their correspondents as their
judgement dictates, which rule, 80 long
AZ It is enforced, will give to such est.
mates doubtful value. The ginners'
report ia based upon fact and Is the pro
ptr guide to 20 by. The spinners act
iyely bought cotton In September and
were we'll satisfied at the stability ol
market.
"Bearish influences are at work and
manipulation Ia being carried on to the
fullest extent by bearish operators IN
the cotton exchanges, but farmers have
paid their debts rapidly, money is plen-
tiful local bankers all over the country
will advance all needed funds to NEE,
temporary wants to the extent OF SAC
per bale with interest at 8 per cent. Do
not get discouraged or weaken. The
victory is ours and all that Is needed If
to stand firm and tie up the spot mar
ket for two weeks.
Farmers Hold NY.
"Paper contracts can't be converted
into cloth and the mills have got tG
run on full time to fill their orders
The farmers hold the key TO the situ'
alton and not Theodore Pri 70 and his
paper contract followers who are now
engaged In q stupendous effort to de-
press and break down the wealth pro
ducers Of the country.
.iIt il reported this morning that T.
8. Peters, Of Calvert, Tex, former vict
nresident of the association, is advls
Inc farmers to sell, signing bis Circular
as vice preident, Peters was suspended
in July and bis Resignation demanded
hv the axsuctiye committee at Ashvllle
H g.. September 9Th. Ifabove reporti
are true be is proving himself traitor
to the south and an enemy, 10 legiH
mate business interests apd as such d
should be repudiated by every loya
citizen of the south. No cotton Ia NOV
inc this week at interior points and th'
local merchants and bankers are back
;nU nm the farmers to stand firm agatns
the present unwarrented and diniquitou
fioht made on the producers.
ri am doing all in my power t
reach the people, and am conylnce'
that they will successfully resist tn
present effort made to defeat The eaus
we are all fighting for,
Victory VIII Come.
ustand together from one end Of IN b
s,,,h IN the other. Don't give an inc
and within ten days victory ~ ~lii IT, D o
ours. House your cotton and stan q
% nat. Let the "bears', understand tha IA
viii no longer st;oD soDm'1 TSe 10 'hs,s crop o