The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1905-03-31
BANKS GIVE MONEY.
Nearly AL Of Amount Asked For
Is Given.
Treasurer of Cotton Growers Asso-
oiation Issues Statement. State.
mont Also Issued Here.

| According to aStatement received
from the treasurer of the Southern
Cotton ass clation, the banks Of the
cotton growing states have contributed d
about $1,000 to the movement and
only $4,000 additional is asked. The
amount agreed upon at meeting of
the Southern banking committee was
$40, 900, and Mr.. John D. Walker, the
treasurer, states that this money will
be used as Is all Of the other contribu-
tions received from fertilizer com.
panies, oil mills and other concerns.
President e. D. Smith, the president
OF the South Carolina branch of the
association Wednesday morning gave
out the following interviea:
We have won the fight as to re-
duction OF acreage and fertilizer, Let
any man who doubts do rs We done
60 to the states where the land is pre-.
pared and beiag prepared land then
honestly and faithfully say that the
acreage Is not reduced and the use OF
fertilizer for cotton not reduced like.
wise.
"'Tis an insult to the intelligence
and business sense of the farmers to
say that they do not appreciate the
situation. 'ris scandalous libel on
the South to say that the great New
Orleans convention, the most repre-
sentative gathering ever convened In
the South, pledged themselves to &
lie. That the several stat. compos
ing the cotton belt In their subsequent
conventions characterized by their
earnestness and conservative busi-
ness tone were represented by liars,
or at best by shallow and unstaD Dle en-.
thustasts. For once In the history OF
the cotton belt the producers have a
word in the price OF their product ana
so sweet and glorious is the feeling,
SO sure is the prospect Of It's continu-
ance, that none need fear that the
slaves OF ignorance and poverty will
dominate them again.
Now the next step Is the erection
Of warehouses at every station ship
ping 1000 bales and up. These ware
houses can be built at cost OF 81 p r
bale. including the water equipment
Insurance can then be hau at one
nalf of one per cent. By bonding the
Office in charge the warehouse re-
g. tpts become negotiable III bank, ard
tue cotton thus stored can be held ano
marketed as the price justites.
We have a monopoly Of cotton at
a profitable price. We are able to
control the market and will from now
IN The entire Souuh-uot the farmer
ilone-is alive to the dazzling posi-
bilitles and the world il realizing that
TACT and all right thinking and right
hearted men are applau9ing our cour-
age and manhood. Let every one
study the situation and get firm
grasp Of the principles involved and
preach and teach them until no one
deed besdeceived ,again. The farmer
and banker and merchant Of the South
have been to eclool and have learned,
and their learning, their education, l.
bringing fruig. Already it has borne
fruit tc the amount of $40 per bale
1t will continue to bear fruit to the
amount Of from four 10 six millions as
an annual profit on cotton and its
produts.
The South is destined to become
the financial center Of these Uuited
States. We have the brains and are
rapidly accommodating the capital. Let
every SOutherner help,i