The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-03-24
COTTON HOLDING
Company Organized at Rev Orleans,
La Last Week.
Omoers Elected ard Plans Perfe Q ted
to Take Two Million Bales
or the Market.

IHe AUlanLa journal says ohm ID.
walker. secretary and treasurer Of the
Southern Bankers executive commit
tee and treasurer c: the Georgia diyi-
sion OF the Southern Cotton associa.
tion, has returneu from New Orleans,
where the organization of the Plant.
ers' Cotton Holding and Commission
company was perfected, officers elected
and plans mahe for at the proper time
retiring two million bales of c1tton
from the market until October.
The following officers were elected:
w. p. Brown, OF New Orleans, fourth
largest cotton exporter in the world,
president; Harvie Jordan, first vice
presidents; E. S. Peters, secoud vice
presioent; a. Britain, third vice pres.
dent; S. p. Walmsley, fourth vice
PRESIDENT. The secretary and treasur.
er will be named at a meeting OF tine
directors in New Orleans on the first
Monday In April.
The following were elected directors
In tie Planters C1tton Holding and
Commission company and subscribed
FOR tie $4,000 worth OF stock neccs
sary 10 secure charter:
Alabama-H. Y. Brooke, A. M.
HILL l.. B. Farley.
Georgia Harvie Jordan, Hoke
Smith, John D. Walker, M. q. Gay.
Louisiana-W. P. Brown, w. L.
Fcster, a. Brittan, S. P. Walmsley,
f. l.. Maxwell
Missi:slppi-Walter Clarke, s. P.
Witherspoon, Jacob Bernheimer.
North CarOlina-J. A. Brown, J. P.
Allison.
South Carolina. D. Smith, w.
S. Lipscomb.
Teuness e-W. T. Bowdre.
Texas-J f. Hickey, j. S. Davis,
r.. r. Dancey, E. S. Peters, E. Nj.
Green.
Oklahona-L B. Irwin.
Indian Territory-G. w. York.
ArkansaS-Dr. L. e. Love, j. j.
Scroggins.
The following executive committee
vas appointei: w. p. Brown, A.
Brittan, S. 2. Walmsley, w. L Fos-
Ter, Harvie Jordan, John D. Walker.
e. S. Peters.
This executive committee will dir
tct the company and have active
charge OF the cotton holding move
ment.
The meeting in New Orleans, which
was held Ffiuay and Saturday was an
enthusiastic one and the greatest faith
is expressed in the ability of the com
pany to accomplish the ends for which
is was organized. Mr.. Walker who at
4Hnded4 the meeting, speaks interest.
ingly Of the organization.
'fNhn I'M no, rutn
ating," said he, until s1OO, 900 has
been paid in. Ten million dollars
worth Of stock will be sold at 81 a
share and the directors are confident
that there will be no trouble in selling
this stock. The stock Is to be offered
to the states in proportion to the
amount OF cotton raised by them. The
oankS will be made the trustees fer
this stock and in eacn county the
president Of tne local organization will
oe the agent to sell 1t.
There will be no effort made to
take cotton Off Of the market In any
great quantity until May the first. By
that time the farmers will have de-
mOnStrated whether they are cutting
Gown the acreage. II The acreage Is
cut down, as agreed then two million
bales will Immediately be taken Off Of
he market. II tie cotton were taken
oif tue market now and the price run
up there would be danger OF The acre
age not being reduced"
Mr.. Walker also calls attention to
the TACT that the Planters CoLtoa
Holding and Commission company is
The onlY organization OF it's kind which
mas The blcking Of The Southern Coz
ton association.