Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1905-10-03
STOP THB RECEIPTS.
That is the Way to Get
Eleven Cents.
ADDRESS BY HARVIE JORDAN.

President of Southern Cotton Assoeia'
ton Urges the Hearty Corporation
of Planters, Merchants, Bankers ane
Says That With a Strong Pull A.
together, the Fight May Be Easil,
Won.
At a meeting Of the executive COM
mittee of the Southern Cotton associa-
ton, held at Asheville, N. c., Septem-
ber 6-S, 1905, where representatives
from each cotton producing state and
territory were present. report on the
condition Of the cotton crop made up
to August 25th, was carefully compiled
from returns of more than $1,000 cor
respondents showing a condition Of rs
per cent as compared with a condition
Of "a per cent for corresponding per-
iod Of 1904. An estimate Of the crop
for this season based on reports from
the same correspondents indicated a
yield of 9,5SS,333 bales Of cotton. TAX
ing this information as guide in con-
nection with the present enormous de-
mand for spot cotton by the spinners
Of the world, the present high prices
Of cotton goods, and the heavy cost to
the producers for cultivating and har-
vesting this crop, the committee agreed
that II cents as minimum price, ba-
sis middling at all interior points,
would be a reasonable and conserva-
tive price to be asked by the producers
this season for their staple. 1t has
been generally reported, and not pub
licly denied, that spinners can pay IL
cents per pound for middling cotton at
the present time and still make profits
In the manufacture Of the raw mater
ial into the finished fabric. Peace has
been recently declared between Russia
and Japan. The whole civilized world
is in a most prosperous condition and
spindles in all the cotton mills Of Eu-
rope and America are running night
and day to supply the tremendous de-
mands for cotton goods.
Consumption Unprecedented.
The enormous crop Of American cot
ton reaching the unprecedented figures
of nearly 14,000,0 900 bales has been cas-
lily absorbed by the spinners at an
average price Of cents per pound. OF
this crop there was only small reserve
stock Of little more than a million bales
to be carried into the season Of 1906
-06 on the first day of September. II
no more than ten million bales of cot
ton are harvested this season to be
added to the small reserve stock car
ried over from the crop Of 1904, the
mills Of the world, at the present rate
Of consumption. will face famine In
raw cotton before another crop can be
planted, cultivated and placed upon the
market The mills have contracted for
many months ahead for the delivery
Of goods to be manufactured out OF
cotton yet to be bought from the pro-
ducers. The exporters have sold to
the spinners cotton to be delivered In
the future months which Is yet to be
bought from the producers. The spin
ners and the exporters are heavily
short, with nothing but paper con-
tracts in their possession, while the
farmers of the south hold the spot cot
ton in their hands and control abso-
lutely the key to the situation. VIII
splendid position they occupy, and like
men, assert their right to demand a
fair price for this crop at the hands
Of the buyers? Will not the merchants
and local bankers throughout the south
line UP solidly In unbroken ranks with
the farmers against the combinations
hat are so actively at work to depress
prices and defeat the will Of the peo-
Pile?
Must Do Our Duty.
Every man in the south. no matter
what his avocation, Is expected to do
his duty during the coming months and
% throw their full moral and financial
ability in the great fight that we have
engaged in. The Bear" spectators Of
Wall Street and London are using
every device known to human ingen-
uity to depress prices. The Interna-
tional Cotton Spinners of Great Bril-
tain have combined to crush the pres
ent efforts Of the farmers to maintain
fair prices, and exporters are doing all
in their power to hammer down the
market. The solution of the problem
Is easy and simple. The ability Of the
farmers to win this fight Is unques-
toned. Stand together as brothers,
battling for the protection Of your fire
sides and your homes, your wives, chill
dren and your country. Stop selling cot
ton at present prices. Call upon your
merchants and bankers to aid you in
the heroic struggle that lies ahead.
Store your cotton in the seed wherever
possible and do not have 1t ginned un-
til later in the season. Store the lint
COT ton under good sheds to keep 1t
dry on the farm or place it in ware
houses, where the receipts are needed
as collateral to borrow money to meet
maturing obligations. All other lines
Of business borrow money, why not the
farmers when by so doing they can
hold their cotton off the market and
materially advance its price? Pay no
attention to the "bearish" literature
being printed and circulated broadcast
throughout the south. This is done
with but one object and that to dis
courage and induce you to sell your
cotton at prices below its value. AS
producers you know that the crop Is
short and that unless you get good
price, at least IL cents per pound,
there will be but little or no profit In
this crop.
Hold your cotton and check up the
present heavy receipts and demand not
less than II cents for every pound or
middling cotton you have to offer. The
southern COTTON dSSOCldtlOIl, Tic
Farmers Educational and Cooperative
union the American Society Of Equity,
the Farmers Alliance of North Caro-
lima have all agreed on the minimum
price of II cents and the membership of
these powerful organizations, standing
together in unity and harmony, can
defy the combinations Of the world and
win another notable victory, the like
of which was never witnessed before.
Call your county and district meet
ings throughout the entire belt Build
up your membership in the Southern
Cotton association and stand firmly to-
gether for justice and protection. II
you will check the sale Of your cotton
for 80 or 60 days this association will
guarantee an advance in the price cas-
fly to IL cents per pound. Do not rush
your cotton on a depressed market, but
sell slowly and prove to the world be-
yond all question of doubt that south
ern farmers have the ability, the deter
mination and the strength to force the
world to recognize their power In
maintaining a fair price for the pro-
ducts.
The Southern Cotton association
must be maintained and financed by
the farmers Of the south. Its power to
protect the interest Of the producers Is
recognized and feared by all the lead
ing speculative and cotton interests OF
America and Europe. If we go down
l. q