The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1905-01-06

ers need the i've milIion In The hands OF
the farmers. IL they buy Ii, the organ
To be fair this 100000 bales In the
hands OF the organization should be
used judiciously as a safety valve on
the market not only 10 sustain the
market. but likewise to regulate it in
case Of inordinately high prices. as Ii
is important to haye the cooperation
OF the manufacturer as well as Of the
producer, for II must not be forgotfea
that ultra high prices greatly restrict
the use OF the commodity. and conse-
quently react to the detriment OF the pro
Queer That being the case, 1t might
be judicIous for the organization to dis
pose OF a part Of the cotton owned from
time to time. the returns from the same
TO be put in 4 fund for the further car
rying out Of these plans. though. should
this fund become too great. part of IL
shouId be returned TO the producers.
in accordance with the duplicate checks
given them. This would not be neees-
sary for some time, as IL would be well
for the organization TO have a large
fund TO meet such conditions as exist
this year. when the crop Is unusually
large n correspondingly difficult to
handle The commission or organiza-
ton should work with the object in view
Of getting for the farmer q price that
would not only reimburse him for the
tax collected, but also to give him a
good profit on his labor and his efforts.
AS to the constitutionality OF the avs,
that would have TO be passed upon by
the courts. 1t does seem that a law
which would be of such a universal ben
eft could be passed I'm the interest of
the people.
1t is needless to speak OF the damag-
ing effects to the market this season of
this i $50, 600 bales as example; Septem-
Der the indications were for II, 000, 000
bales: price was 10 to 10 1-2 cents. De-
cember indications, IL. 250, 600 bales: price
I cents. That is, this l.250, 900 surplus
bales reduce price 3 IL cents a pound,
SIS a bale, or about $780, 900, 900 for the
unsold crop. Actually twice the value
Of the surplus.
To summarize; II, 000,O O @ bales would
sell for a total of $3.50, DOC, 600; H. $50, 600
bales for about $425, 900, 900. This shows
the Importance of controlling this sur
plus.
The dispatches telling of the burning
of cotton in the south n the effort to
organize with the view of destroying a
large part of the surplus only show the
desperate condition that exists and the
neds Of a plan similar to this, whereby
this surplus could be retired from the
open market in a just way by eacl pro-
Queer contributing his share Of the loss.
The destruction of the 1,50O, 900 bales
would have the same effect now that
this plan attempts, but in two years or
less the need of this 1900, 900 bales might
be so great that the country would suf-
fer for it.
These suggestions are only the gen
eral outlines, subject to changes; in
fact, are as a path cut through the
wilderness that may be broadened,
leveled, beautified and perfected by the
brains and hands of the masters of the
age, developing it into a mighty high
way Upon which the people of our most
favored land may be led to reap the
benefits of their efforts as the great
Master has declared.
D. A. MOFFETT.
Baltimore, December 80.