The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-09-15
ELLVEN CENTS
Fixed as the Minimum Price for the
Cotton Crop.

Cotton CrOp.
President Smith, OF the South Caro
lima Association, Wanted 1t Fix.
cd at Ten and Half Cents.
Your committee. realizing the
unusually strong statistical position OF
cotton, we recommend q minimum
price Of IL cents, basis middling up
lands, at the home market through
out the cotton bolt. N. p. Smith,
chairman; II. Y. Brooke, seoretary."
This is the action taken by the
Ashevllle Conference and sent out &c
the cotton growers Of the South who
are members Of the Southern Cotton
Association and other farmers who
feel like aiding in keeping up the
price OF cotton. 1t is tho call sent out
by the executive committee OF the
Southern Cotton association to the
farmers OF the south to hold their cot.
ton for l Cents If the farmers will
comply with the call and hold for II
cents they will get it.
a dispatch from Asheville to The
State says the committee's report was
not announced until after 10 O'Clock
and 1t had been awaited with intense
interest by the 100 or more growers
and buyers at the hotel. It did not
give entire satisfaction, but ia a com
promise,
Mr.. Smith contended for a. minimum
OF 1Oa cents now, with a later an
nouncement of a higher minimum,
lie was overruled 5lspite his elouuence
and was compelled to accept IL cents.
| There were members OF Che commit.
Zee VINO held out for IL cents as a
| minimum and others wantod to put IL
even higher.
All or this was thrashed out In se-
cret session and when the report was
| presented to the open meeting it was
adopted without word and the com.
mlttee took up other business relating
to the proposed amendments to the
constitution.
Eleven cents for cotton at the home
market is equivalent to II Ia or more
at The ports The October quotation
| Thursday was around 10 81 100. So
tnat the committee has called upon the
producers to hold for an advance of
about SO points.
The most aggressive and influential
man In the association Is E D. Smith
tie has borne the burden of debate in
this meeting has been positive force
Tor conservatism. He has argued
valiantly for safe and careful stand
as TO the minimum OF price and has
aad TO contend against the unreason,
Ing demands Of rampant bulls who
wanted to put the price away ur and
defy the world, flesh and devil.
While many cotton growers are
anxious to benefit themselves and their
fellow tarmers have taken this ex-
treme position conscientiously, it,is q
fact that emissaries Of eastern specu
lators have had an influence ia i'm.
pressing bullish sentiment upon the
gathering here at Kenilworth inn.
For more reasons than one a demand
for high holding price by the com
mlttee would have suited Wall street
Smith has contended that reason,
lble minimum should be set In order
TO protect the producer who Is forced
TO sell. He was chairman Of the com.
mittee on price, composed Of one from
each State, and the fight In this com.
mittee was waged all afternoon. Al.
ter supper the report was made to the
whole executive committee In secret
session and the fight was there re-,
neWed and lasted for several hours. 1t
was 10 10 o'clock when the commit
Zee came Olt and announced the re-.
suit Of Its deliberations.
There was lengthy debate on the
advisaoility Of establishing q news.
paper as an organ Of the association. A
committee previously appointed to re.
port on this matter did not make o
report and 1t was finally decided to
give the committee more time. There
Is wide difference Of opinion on the
subject and at times the debate was
warm. or the South Carolina mer
present, Mr.. e. d. Smith fayors the
proposition and Mr.. Hyatt opposes It,.
Mr.. Hyatt's speech last night In op.
position was generally omplimsnted
The question Of finance also came
up this morning and Mr.. Hyatt's res
olution to raise Sl5 900 In 90 days fol
expenses was adopted. 1t was stated
during the discussion that South Car
olina had done better than any othe
state In regard to finances and tn,
State Is one Of the most thoroughly
organized. The report of the commit
tee on statistics was submitted The
committee consisted OF State Senator
j, A. Brown Of North Carolina; j
McMartin Of Mississippi and w. l.
Peak OF Georgia, with Secretary Rich
ard Cheatham. They had reports from
10, 600 correspondents throughout tn,
south, including State, county ant
township correspondents. All Of these
reports they had canvassed and com
piled and after questioning men from
each State had made allowances 70
the individual bias Of the correspon
dents, whether bullish, bearlsh 0
conservative. From these reports tn,
committee concluded that the condi
tion Of the present crop to date is 7
3 10 per can't of last years crop ant
that the Yield will be 1858, 1873 bales
by States the report In full follows:
State Yield. Condition
Alabama ..... ,031 $50 IA
Arkansas ...... 6l9,466 70
FLORIDA ....... 54,019 50
Georgia. a..........1, 1861, ,180 78
Indian Territory. 365, 522 78
louisiana. ...... CSC, ,052 So
North Carolina :. 530,O64 II
Oklahoma. 307, 7,6O2 SO
South Carolina :. 701, ,697 73
tennessee. ..... 242 202 rs
IIAas. 1872, 1852 IA