The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-05-26
FOR HOLDING COTTON
The Plan for Southern Farmers tc
Fix It's Price.
Letter From President Harvie Jor-
dan As to the Plan for a Chain
Cotton 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, FOL
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 staple until the
price Is high enough to warrant him
selling.
President Harvie Jordan, in a letter
given out Thursday, outlines the plan
OF the movement as follows:
The time has come In the South
when our business meu 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
and merchants are needed to aid in so
selling the crop as to make the staple
bring It's full legitimate value.
| One Of tho opcontfol tnroo IN, tl,o
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 communities. 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-
tications issued by the fire insurance
companies. Each warehouse should
be so constructed as to reduce the
cost OF insurance and storage tc q
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 ,seom psrly-
ltf properly Endorsed and sui cfibed to
by the farmers aud 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! at the
par value Of one dollar per share, so
as to place 1t within the reach of
every farmer In the South. The char.
Ter provides that no Stockholder will
ever be liable Tor an amount greater
than his subscription. Every banker
In the South has this stock In hand for
sale, besides large number Of county
and state agents. 1t Is hoped that
the stock 10 this comp pany will b.,
rapidly subscrib ID to so that the peo
pie wno grow TIE ton may. be al e
to bliid upa buw.rk Of safety b..
tw en- thens ives AMI the element
which has so lcnH b en- engage d Ia de-
pressing the cOLtoA market
The ass ciltion vill be glli to fur.
nish detailed infornatiun with refer
enca to THESE two important adj lncts
OF the association 8 work to all par
ties Interested. The farmers have al
ready whipped the fight as to reduc
tion Of COTTON acreage ard use of
guano under COtton for 1905 Now
let the people get coSer together AMI
continue the fight for their emancipa,
tion from the dominating influences
OF the Speculators.
1IARyIE JORDAN,
President Southern Cutton Assucia