The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1905-02-11

citation to forward one-half of the
amount received by him to Mr.. John
Latham, Dublin, Texas, the treasu-
rer Of the Southern Cotton Associa-
ton, and report the amount thus sent
To Mr.. X. Cheatham, secretary, Month
cello, Ga.
The county or parish association
shall pay for its own treasurer.
The county or parish association
shall fix a reasonable compensation
to be paid the township or political
subdivision cnnvassers for collecting
the above named pledges and sta
tistics, to be paid out of the county
funds.
Every township or political subdi-
vision not heretofore organized is uT-
gently requested to perfect it's organi-
zation at once.
Such precincts or counties rs have
heretofore organized for the purposes
herein stated, under whatever name,
are requested to hold their meetings
in accordance with the above call md
become members of this associa ton.
President Harvie Jordan has been
requested-to mail blanks for the pur-
pose of collecting these statistics to
the registrar of deeds or county clerks
and to- each newspaper in the territor-
les of each of the S12cotton counties.
In case they do not arrive other forms
must be substituted.
The executive committee has found
it impossible in the limited time ut it's
disposal, to perfect at once in detail
all of the plans outlined by the gener-
al convention. But realizing that
immediate and effective organiza ton
is necessary, it has been forced to re-
sort to this method in order to get a
quick and complete organization.
THE MILK OF THE CocoANUT.
The convention passed a resolution
instructing the. officers of this assOci-
alton to put into effect some plan for
retiring from the market two million
bales of the present crop. The CON-
mittee has carefully considered n num-
her of plans, and, after mature DELHI
Grafton, has adopted a plan for carry
ing this resolution into effect, full in
formation will be supplied all men,
bers of this association promptly.
The bankers and merchants from
all over the entire cotton belt. are
working in harmony and co-operat-
ing with the planter in holding the
present crop of cotton. The South
is amply able to hold the entire bal
ance of the crop of 1904 cotton for
one year, or longer if necessary.
With the balance Of the crop of
1904 kept off of the market. and acre
age and fertilizers reduced at least 25
per cent in 1905. there is no doubt
that the balance of the 1904 crop will
sell for the minimum price of 1 cents
per pound and guarantee continued
prosperity to the people of every
Southern State.
1t is not the purpose of the cotton
producer to advance the price of cot
ton to an unreasonable or specula-
tive price, but to establish more sta
pie and uniform prices and prevent
any violent fluctuations, knowing
this to be to the best interest of the
producer and consumer alike.
(Siened.) Frank s. Moody, Fl. Y.
Brooke, T. c. Banks, Alabama; w.
Y. Foster, DR.. l.. +. Love, Arkansas;
Hon. Thos. E. Watson, 4. r. Steed.
W. l.. Peek, Georgia; F. l.. Maxwell,
p. NJ. Potts, Louisiana; S. A. With
erspoon, Jno. M'Martin, w. Clark,
Mississippi; J. A. Brown. j. NJ. Fair
ley, North Carolina; E. d. Smith,
VIM. s. Lipscomp, South Carolina !;
w. q. Davis. Tennessee; c. H. Jenk-
ms, o. p. Pyle, j. H. Connell, John
Latham, f. NJ. Green, Texas; l.. b.
Irwin. Oklahoma; g. W. York, Indian
Territory.
HARvIE JORDAN, Prest.
X. CHEATAAM, Secty.
DETAILS OF THE PLAN.
The plan for carrying into effect the
holding over of about 2 900. 900 bales
of cotton of the unsold portion of the
crop of 1904 until january, February
and March, 1906, not more than one
third of which should be sold in each
of these months, will be acted upon
by the board of thirteen general di-
rectors who met in New Orleans, Feb.
4, to consider the preliminary work
of organizing u permanent cotton
warehouse system throughout the en-
tire cotton States and Territories.
This will leave about $500, 900 bales
of cotton to he marketed between this
and Oct. 1, 1905. 1t seemed to be
the concensus of opinion of the dele
gates that not bale of these $780,
900 bales should be sold under any
pretext whatsoever until the price of
cotton reached a 10-cent basis, mid
ding, New Orleans. Some delegates
thought this price would be reached
within few days. The more con-
servative, however, felt. sure that it
would be necessary to holdevery bile
off the market for at laastsixty days.
At the expiration of this time the
opinion seemed universal that 10
cents would he realized. The only
fear expressed was that when 10
cents should he realized a food of o.
ferings would reduce the price, hut
confidence was expressed that as soon
as the price fell below 10 cents the
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