The Montgomery advertiser., 1905-10-22
FARMERS GATHER
 IN BEAT IS
(ConcIuded)

in chunks twenty times as large as spots In the same given time" MT. Brassell recalled that this swind- ling process has continued for forty years. He told of the wanton methods of the operators on the street in driv- ing down the futures to a low level and then cooperating with the bulls who are in collision to bring the mar ket up again.
 Care in Selecting Omcers. In advocating the warehouse scheme, Mir. Brassell said it would be essential for the farmers to put at the head men who shall be empowered to act and enforce the rules and regulations
 that may adopted. He told of the success along the same lines of the farmers of the West who by adopt ing the grain elevators now name their own prices and actually own controll- ing stocks in some banks in Minneapo- lis. St. Paul and Kansas City. besides owning many of the flour mills. He said this ought to be emulated by the lSoutherner and peace and prosperity would be his lot.
 The address of MT. Brassell closed the morning program.
 ization. led of in the the afternoon briefly addressing the meeting on the subject of warehouses. He said that the owning of the warehouses is the
 natural results of owning cotton. He tOiu OL tHe pFeceQSnt TOT the enter prises in the hands of farmers in Geor- gia and South Carolina. In some coun- ties of those States not only are the warehouses owned and controlled by the growers but in one or two in- stances the leading banks of some declared his earnest belief that if the farmers show their sincerity by mak- ing actual investments of this sort they could borrow all the money they want for four per cent interest. Dr. Gay alluded to the steady prices of corn as the result of the concerted action of Western farmers who own their elevators. He said the Southerner is a natural bull in the future market
 and that he must necessarily be a
 loser as well as the spot man when prices begin to decline in cotton. He
 said the South would have been in a
 miserable plight but for the Cotton
 Association, which came to the rescue
 when there was an production
 last year. He closed by reading from
 circulars that are being distributed in
 South Carolina and Oklahoma Territory
 by subordinate members of the Cotton
 Association.
 Organizer Williams Talks.
 Organizer Williams followed with a
 speech which dealt briefly with the
 vast market for cotton in China, espe-
 cially since Japan Is released from the
 grapple with Russia. He said there Is
 almost boundless demand latent ins the
 China people for cotton. In the Celes-
 tial Empire the inhabitants use cotton
 clothes for a thermometer and refer
 to the weather as being one, two and
 three coats cold.
 MT. Sawyer of the State Auditors
 office, who came down with the Mont
 gomery party, delivered an interesting
 speech, in which he strongly repudiat-
 ed the statement that the farmers are incapable of organization. He said
 this was equivalent to putting the in
 telligence of his audience below that of the bootblack. He pictured the enormous wealth that should have &C., crued to the South during the forty years it has been robbed of the profits from cotton. He took several shots at the bear" himself and denounced him as the hardest foe the Southerner has to contend with. He, of all others, said MT. Sawyer, is more nearly worthy of the hatred of the cotton grower. He advocated the necessity of the ware house owned by the growers, because 1t would eliminate the array of middle men who get their living out of the cotton before 1t leaves the farmers hands.
 The meeting was closed with short speeches by Rev. T. E. Brice and James Carter of the neighborhood. They, in the most part, summarized what was said by the previous speakers.
 The meeting was then adjourned to the following Saturday week. The Montgomery people went home to- night.