The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-05-26
FOR HOLDING COTTON
The Plan for Southern Farmers to
Fix It's Price.
Letter From President Harvie Jor-
dan As to the Plan for Chain
ofCotton Warehouses.

One OF the most important move.
ments ever inaugurated In the South
Is now rapidly taking form, and once
1t Is completed, the Southern farmer
and cotton grower will be able, for
the first time in history, to set his
own price upon his own commodities,
exclusive Of the outside influences of
the Wall street bull" and bear"
This is the vast bonded warehouse
system, supported by the Southern
Cotton association. BY this it is
hoped to erect fireproof warehouse
in every community in which 1000
bales Of cotton are marketed. In this
way the farmer may store his cotton
and borrow cheap money on the re
ceipts, holding the STABLE until the
price is high enough to warrant him
selling.
President Harvie Jordan, in letter
given out Thursday, outlines the plan
OF the movement as follows:
| The time has come In the South
when our business men and farmers
must align themselves together for
mutual protection and safeguarding
the great staple crop Of this section of
the union. The cotton growers pro.
duce the crop and prepare it for mar
ket and the Sagacity and financial
support Of our business men, bankers
selling the crop as to make the staple
bring It's full legitimate value.
One Of the essential features In the
future handling Of the cotton crop by
the producers Is to provide adequate
warehouse facilities in which to store
cotton and use 1T as a collateral to
borrow cheap money until the owner
is prepared or ready to sell it These
warehouses should be constructed in
every community where 1000 bales or
more of cotton is marketed and should
| be built, operated and controlled by
the farmers and business men In the
local com munities. a great many of
these warehouses will be built this
year and the Southern Cotton associa
tion will be glad to furnish the latest
and most improved plans and speci-
fications Issued by the fire insurance
companies. Each warehouse should
be so constructed as to reduce the
cost OF insurance and storage to a
minimum. In connection with the
warehouse proposition the Southern
Cotton association is also deeply inter
ested in the development OF the Cot.
ton Planters Commission and Hold.
Ing company, which was organized
during the late New Orleans cotton
convention. This holding -seonpeas-
Improperly Endorsed and sub clibed To
by the farmers and business men OF
the South, can soon develop into a
power Of strength to protect the grow
ers against any OF the schemes and
devices so often resorted to by certain
classes for the purpose of depressing
the price OF the staple. The stock of
this company has been fix d at the
par value OF one dollar per share, sc
as to place 1t within the reach OF
every farmer In the South. The char
ter provides that no stockholder wil
ever be liable for an amount greater
than his subscription. Every banker
10 the South has this stock in hand fol
sale, besides a large number of county
and state agents. 1t Is hoped that
the stock 10 this com pany will b,
rapidly slloscrlb a to so that the peo
pie w'o grow tie cotton may. be abe
to bliid up bu wirk Of safety ba
tw Ell thens ives AMI the element
which has so lcnR b Ell eng AZ, il de
pressing the coLIon market
The ass cil,ion ill be glai t. fur
nish detailed information with refer
cnce to these two important adj met!
OF the associations s. work to ali par
tiles Interested The farmers have al
ready whipped the fight ss to reduc
tion OF cotton acreage ard use q
guano under cotton for 1905 Nov
let the people get coser together an
continue the fight for their emanclpa
tion from the dominating influence
OF the speculators.
HARYIE JORDAN,
President Southern Cutton Associa
ton.