The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1905-09-13
ELEVEN CENTS

ELEVEN CENTS
Fixed as the Minimum Price for th
Cotton Crop.
President Smith, of the South Caro-
lima Association, Wanted 1t Fix
ed at Ten and a Half Cents.
"Your committee, realizing th
unusually strong statistical position o
cottou, we recommend minimum
price Of II cents, basis middling up
lands, at the home market through
out the cotton belt. e. D. Smith
chairman; 81. Y. Brooke, secretary"
This Is the action taken by the
AsheVi)le Conference and sent out Il
the cotton growers OF the South WHIT
are members Of the Southern Cottoz
Association and other farmers wht
feel like aiding in keeping up the
price Of cotton. 1t is the call sent on,
by the executive committee of thu
Southern Cotton association tc ths
farmers Of the south to hold their cot
ton for II cents. II the farmers vii
comply with the call and hold for II
cents they will get it.
J a dispatch from Asheville to The
State says the committees report was
not announced until after 10 O'CLOCK
and it hsd been awaited with intense
interest by tie 100 or more grower,
and buyers at the hotel. It did no,
give entire satisfaction, but is a com,
promise,
Mr.. Smith contended for a minimum
Of lot cents now, with a later an.
nouncement Of a higher minimum
de was oVerruled dispite his eloquence
snd was compelled to accept II cents.
There were members OF the commit.
tee who held out for IL cents as a
minimum and others wanted to put it
even higher.
All Of this was thrasked out in ss-
cret session and when the report was
presented to the open meeting it was
adopted without word and the com
niotee took up other business relating
to the proposed amendments to the
constitu lion.
Eleven cents for cotton at the home
market is equivalent to II IA OF more
al the ports. The October quotation
Thursday was around 10 81 100. So
that the committee has called upon the
producers to hold for an advance OF
about 63 points.
The most aggressive and influential
nan in the association Is E. D. Smith
ae has borne the burden OF debate IL
5his meeting has been positive force
for conservatism. He has argued
Valiantly for a safe and careful stand
IS to the minimum OF price and has
aad to contend against the unreason.
ing demands OF rampant bulls who
wanted to pu5 the p.ice away up and
defy the world, flesh and devil.
While many cotton growers are
anxious to benefit themselves and theiI
fellow farmers have taken this ex-
5reme position conscientiously, 1t is a
fact that emissaTies Of eastern s2ecu
Iators have had an influence In i'm.
pressing bullish sentiment upon the
gathering here at Kenilworth inn.
For more reasons than one q demand
for high holding price by the com.
nittee would have suited Wall street
Smith has contended tnat a reason
.ble minimum should be set In order
20 protect toe producer who Is forced
20 sell. he was chairman Of the com.
nittee on price, composed Of one from
each State, and the fight In this com.
nittee was waged all afternoon. Al.
ter supper the report was made 10 the
whole executive committee in secret
session and the fight was thers re-
oewed and lasted for several hours. It
was 10 Is o'clock when the Commit
tee came out and announced tbs re-
suit Of its deliberations
There was a lengthy debate on the
sdvisability OF establishing a news.
paper as an organ OF the association. A
committee previously appointed to re-
port on this matter did not maze a
report and it vas finally decided to
give the committee more time. There
is wide difference OF opinion on the
subject aud at times the debate was
warm, OF the South Carolina men
present, Mr.. E. D. Smith favcrs the
proposition and MI. Hyatt opposes it,
Mr.. Hyatt's speech last night in op-
position was generally mplimanted.
The question OF finance also came
up this morning and MI. Hyatt's res
olution to raise SIS, 600 in 90 days for
expenses was adopted. It was stated
during the discussion that South Car
olina had done better than any other
State in regard to finances and the
State is one Of the most thoroughly
organized. The report OF the commit,
tee on statistics was submitted. The
committee consisted OF State Senator
J. a. Brown of North Carolina; J..
McMartin Of Mississippi and W. L.
Peak OF Georgia, with Secretary Rich-
ard Cheatham. They had reports from
IS, 900 correspondents throughout the
south, including State, county and
township correspondents. ALI Of these
reports they had canvassed and COM
piled and after questioning men from
each State had made allowances for
the individual bias OF the correspon.
dents, whether bulltsh, bearish OF
conservative. From these reports the
committee concluded that the condi-
tion Of the present crop to date Is 73
3 10 per cent. OF last years crop and
that the yield will be 1883, 133 bales.
By States the report In full follows:
STATE Yield. Condition.
Alabama ........1,031, $50 u
Arkansas $500. 6ls,466 10
Florida ......... 54,0l9 50
Georgia. a..........1, 36l, 180 78
Indian Territory. 365, 522 Is