The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1905-02-11
To Hold Two Million Bales
Full Details of the Committees Plan AS to How it
is to be Done
in the Hands of Man, Under
Direction O Committee Fifteen

L
taking off of the market 100000
bales of cotton are being perfected by
some of the leading financiers and
cotton operators of the world. The
management of the pool will be left
in the hands OF one man, a cotton
bull operator whose name is known
in every nook and corner of the cot
ton world.
The general outline OF the plan has
been reduced to writing. Everything
will be set in running order as soon
as the township, county and State
meetings are held.
While the management will be left
to one man, the executive com-
mittee of the Southern Cotton Grow
ers' Association will control and d.
rect this man. The cotton to be held
will not he sold at less than ten cents
nor will it be held for an unreasona-
BILE price. The point is, however, not
to allow outsiders to know just when
the holdings are TO he turned loose.
The committee has carefully con-
sidered number of plans, and after
mature deliberation has adopted a
plan for carrying into effect the re-
| tirement of the two million bales.
Full information will be supplied to-
all members of the association
promptly. That is the substance of
what the official statement has to
say on the great pool proposed.
The control of the syndicate, or
pool, will remain in the hands of the
executive committee and the officers
of the association, and there will be
connected with it some of the most
important financial men of this coun-
try and Great Britain, who are espe-
cially and closely connected with the
cotton trade. The official statement
is as follows:
OFFICIAL STATEMENT.
To the Cotton Growers and Business
Men of the South:
The convention of cotton growers
meeting in New Orleans ON Jan. Oath
was called for the purpose of perfect
ing an organization of the cotton
growers and business interests of the
cotton growing States of the South.
This convention was largely at
tended 10y planters, bankers, mer-
chants, manufacturers and profess
sional men, rejecting the deep inter
est taken in this movement by all
trades and professions in the South.
The convention organized perma-
nently the Southern Cotton Associa-
ton, leaving many details to he
worked out by the executive commit
tee which it created. The most of the
committee had left their homes and
business, expecting to return immedi-
ately upon the adjournment of the
convention. Many of them were fore
ed to return to their homes and BUSH
ness affairs.
The work of this committee is of
such magnitude to the South and
thorough organizati is SD impor-
tant, that the committee is not will
ling to report without giving every
detail due consideration; but realiz-
ing the necessity for immediate ac-
ton. has decided on the following
course:
THREE DIFFERENT MEETINGS.
The cotton producers, merchants,
bankers, manufacturers members
of the different professions of each
voting precinct, or political subdi-
vision Cor by whatever name called,
OF each county or parish in each cot
ton growing State or Territory is
| hereby called to meet on the / tn day
of February, 1905, for the purpose of
organizing and electing officers, and
after SO organizing, shall elect three
representative OF that precinct to
the county or parish association to
be held on the 10th day of February
at the parish or county seat.
Each county or parish shall con-
vene, organize by the election of its
own officers and elect one representa-
tive to the State or Territory Associ-
alton to be held at the capitalof each
cotton growing State or Territory
on the 2lst day of February, 1905;
provided that the Tennessee State
convention shall be held Mt Memphis,
and the Indian Territory convention
be held at South McAllister. The
State or Territory organization shall
elect, in addition to its own officers,
the members of the National Execu-
tive Committee as follows:
Alabama, 3; Arkansas, 2; Florida,
1; Georgia, 3; Louisiana, 2; Missis-
sissippi, 3; North Carolina, 2; South
Carolina, 2; Tennessee, l; Texas, 81;
Oklahoma. /; Missouri, /; Indian
Territory, l.
1t shall be the duty of the three rep
resentatives appointed by the voting
precinct or political subdivision to
thoroughly canvass the township or
political subdivision without delay
and request all persons as heretofore
indicated to become members of this
association, and to secure n pledge
from all cotton growers shat they
will conform to Recommendations
of this association by reducing their
acreage in cotton and the use of fer
tilizer for cotton at least 25 per cent
for the year 1905, and also collect
the following statistics from each cot
ton producer:
1.-The number of acres of cotton
,1,pfaI II, 1904 C-Tha pur,har Of