The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-03-24
COTTON HOLDING
Company Organized at New Orleans
La Last Week.
Ofloors Elected ard Plans Perfected
to Take Two Million Bales
Off the Market.

The Atlanta Journal saYs/Jo D.
walker, secretary and treasurer OF the
southern Bankers executive commit
tee and treasurer of the Georgia divi-
sion Of the Southern Cotton associa-
tion, has returned from New Orleans,
where the organization of the Plant.
ers' Cotton Holding and Commission
company was perfected, officers elected
and plans maize for at the proper time
retiring two million bales of c1ttou
from the market until October.
The following Ulcers were elected:
w. Z. Brown, OF New Orleans, fol :.
largest cott1" exporter In the world,
president; Harvie Jordan, first vice
president; Il. S. Peters, second vice
president; a. Brittan, third vice pres.
dent; S. z. Walmsley, fourth vice
president. The secretary and treasur
er will be named at meeting OF the
directors in New Orleans on the first
Monday In April.
The following were elected directors
In tile Planters Cotton Holding and
Commission company and subscribed
for tie S3, 900 worth OF stock neces-
sary 10 secure a charter:
Alabama-H. Y. Brooke, A. M.
Hill, L. B. Farley.
Georgia Harvie Jordan, Hoke
Smith, John d. Walker, M. q. Cav.
Louisiana-W. p. Brown, w. l..
Foster, A Britain, S. p. Walmsley.
e. l.. Maxwell.
Mississippi Walter Clarke, s. P.
With rspoon, Jacob Bernheimer.
"a ID
Allison.
South CarolIna-E. D. Smith, w.
S. Lipacomb
Teuness e-W. T. Bowdre.
Texas-J T. Hickey, j. S. Davis,
Il. II. Dancey, e. S. Peters, +. Nj.
Green.
Ok!ahoma-L. B. Irwin.
Indian Territory-G. w. York.
Arkansas-Dr. l.. e. Love, J. j..
Scrogglns.
The following executive committee
was appointed: w. p, Brown, A.
Brittan, S. p. Walmsley, w. L Eos.
ter, Hlrvie Jordan, John D. Walker,
E 5. 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 FRIDAY 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
etendedAtne meeting, speaks interest
ingly OF the organization.
The company will not begin oper.
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
tanks will be made the trustees fer
this stock and in eacl county the
president Of tne local organization will
oe tile agent to sell it.
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
the market. If tie cotton were taken
OH tue market now and the price run
up there would be danger OF the acre
aye not being reduced"
Mr. Walker also calls attention to
the Iact that the Planters CoLtoa
Ii Jiding and Commission company is
The only organization OF it's kind which
has the backing OF The Southern Coz.
ton association.