The Montgomery advertiser., 1905-02-19
SINNERS ORGANIZING
WILL IN FUTURE BUY ON THE MARKET AS A SINGLE
 FIRM OR TRUST.
Have Faith in the Planters' Associa- tion-EngIIshmen Acquainted With a Cotton Industry Form ing Pool and Are Invest
 ing In the Actual
 Rnlem.

New Orleans States.
 T see by the papers and learn from the observations l have made while travelling through the cotton belt dur ing the pas few days that an organiza- tion of planters to control cotton prices is in the very air we breathe" said J. Gumble Stern, of Liverpool. now in this city for a short stay.
 T left Liverpool about three weeks ago. wish to say that organization of the cotton planters of the Southern States is not the only sort of organiza- tion that is going on to control prices of cotton and the handling of cotton. The spinners of England are now form ing hard and fast organization, the object of which is to control prices of the feecy staple, so far as lies in their power. They propose, by methods of regulating the purchases they will make. and by buying in pool" that Is. by having authorized buyers, repre- senting all the spinners iL4 a body, to get the very greatest advantage of the market possible.
 T have understood that many Amer ican business men have not been strong believers in the efficacy of the organI- zation of the American cotton planters, The English spinners have not taken this view. No sooner was the talk of
 
 country begun than the English spin ners got busy and begun to organize for the objects and purposes l have outlined.
 The price of cotton in Liverpool at this time is right around the Scent mark, and that in spite of the fact that America boasts of the biggest crop ever raised in the history of this country. Therefore. the English spin haIf fc hok is paying too much for his supplies, and that by meeting American organ ization with British organization he can at least more nearly approach the object he desircs--the obtaining of cot ton at the lowest prices.
 Now, I don't know what the out come of the organization of the Ameri- can cotton planters will be, but one thing of which I am certain Is that the British spinenrs have already most firmly and thorough organized. They will hereafter appear as buyers on the American market and in all the cotton markets of the world es a solid pha- lanx, as a single big corporation or firm, as a trustf if you please.
 T have noticed another organization on British soil that surely has some thing of interest in it to the American cotton market. In the vicinity of
 
 organized for the purpose of buying cotton and laying it away until such time as the product shall show. good dividends on the investment. This movement begun several months ago, in good time to secure an ample supply of cotton at the very bottom prices. Now that the recent rise has come, these investors are doubtless highly pleased with their business sagacity. SIaF leading cotton men of this country have just come to the conclusion that the organization of the planters means something, l have been very much in- terested in the prediction of Mr. Att wood Violet, of New York, who is we'll known in Liverpool, to the effect that there will never again be such thing in America as 6-cent cotton. feel | that he is right and that his predic- tion will prove true prophecy. That is. feel that the organization of the planters is going to prove a lasting af fair, in fact become one of the greatest organizations in the world. I believe that the Southern Cotton Association, as you call 1t, will within five years | from today be the most\ powerful cor poration in the cotton world, and one of the most powerful of any kind in the entire business world.
 Because farmers in America have never before organized and made a lasting and durable organization Is not sign or an argument that they can not or will not. They said, I remem. Der d little while back that the labor ing men of the large cities of Europe and America would never be able to organize in such way that they could gain even the least of their ends and endeavors. Now \there is not a city anywhere in the world that is not abso- lutely controlled by the labor unions, Russia not excepted, although the Czar until recently might have thought otherwise.
 q look forward to the time when 1t will be said of the cotton convention in New Orleans that 1t made the great est chapter in cotton history"