The Montgomery advertiser., 1905-10-22
ty endorsement of the warehouse scheme under discussion.
 MP Rraszell Speaks,

ty endorsement of the warehouse | scheme under discussion.
 l MR. Brassell Speaks.
 | The audience was held in rapt atten- tion when A. B. Brassell of Montgom-
 cry, arose for his address. It was al-
 ready known that it was he who tnau@ | gurated the movement for the ware- | houses in Montgomery to be owned by | the growers In the majority. He had come to talk in furtherance of the | scheme. He is regarded as. perhaps. | the most experienced organizer of farmers in the County. He had been
 picturesque character all over the State in the ordels of the Patrons of | Husbandry. the Grange and the Alli- ance, all of which came along in the order named.
 He was especially animated In his speech which was devoted to ways and means of undermining the speculator and finally eliminating him from the depressing influence of the cotton mar ket. This led, of course, to the ques- tion of absolute control of marketing spots. In turn this called for a sys- tematic and concerted holding of the staple by the growers. 1t all led to the inevitable necessity. so he deemed 1t. of building warehouses to be con- trolled by the growers.
 The Warehouse Project.
 AB OL IHe WaTenOuBG DrO- ject MT. Brassell proposed his scht %ie which is the same as that adopted by the special committee of the Montgonl- cry mass meeting for the purpose. This Is the organization of communities and beats into corporate bodies. The cor porations of the communities would get up stock company a which the planters that are to be benefited would be required to subscribe the~ majority of the stock. The amount of the stock to be taken by each farmer. for the sake of system, should be in propor- tion to the number of bales he hoped to store in the warehouse. For the cotton he would get receipt from the executive committee of the corpora ton carefully chosen and with this as collateral money at reasonable rate could be borrowed for the carrying on of the holding campaign.
 The results of the warehouse thus owned and operated would be an un- precedented saving in the. under the commissions which are charged against the present owners of the warehouses. More than this would be the result that, if all counties fol lowed suit. there would be 8 formid- able chain of warehouses from Rich mond to San Antonio that would be in actual position to control the market. It would sound the death knell of the Exchange wherever it exists.
 Money to MiddIemen.
 It was showne that the farmers of county pay out annually at least $200.000 to the warehouses of Montgomery, an amount that would build the warehouses desired for the 
 "The speculator must be eliminated from the influence he exerts on the market" said Mir. Brassell, "or the South will continue to submit to the of Wall street They are selling cotton in New York on future contracts while we are delivering spots in the South. It is conducted on the most scientific basis that ever a gam bling ingenuity devised. remember well few days ago, the rendering day in New York, there were sales amount ing to s60.0000 on the boards while In the South there moved into sight only 10000 bales of spots. It is useless to deny that the speculators are fixing the price on our spots when it is openly recorded that fictitious cotton is sold
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